The total profit of the textile industry in 2023 increased by 7.2% year-on-year!

The operation of textile industry from January to December, 2023. According to the data, the total profit of the textile industry in 2023 increased by 7.2% year-on-year. The details are as follows:

The total profit of the textile industry in 2023 increased by 7.2% year-on-year. In 2023, the industrial added value of textile enterprises above designated size decreased by 1.2% year-on-year, and the operating income was 4,700.9 billion yuan, down by 0.8% year-on-year; The total profit was 180.2 billion yuan, up 7.2% year on year. The output of yarn, cloth and clothing of enterprises above designated size decreased by 2.2%, 4.8% and 8.7%, respectively, while the output of chemical fiber increased by 10.3%.

The total retail sales of consumer goods by units above designated size in China reached 17,856.3 billion yuan, an increase of 6.5 percent year-on-year. Among them, the retail sales of clothing, shoes, hats and textile products by units above designated size increased by 12.9 percent year-on-year, and the retail sales of physical goods worn online increased by 10.8 percent year-on-year.

In the whole year of 2023, China's textile and apparel cumulative exports of 293.6 billion US dollars, down 8.1%, of which December exports of 25.3 billion US dollars, an increase of 2.6%, returned to a single month of positive growth.

Dongguan Donghong New Material Co., Ltd. Founded in 1991, located in Wentang Brick Kiln 冚 Industrial Zone, Dongcheng District, Dongguan City, Guangdong Province, is a medium-sized enterprise specializing in the production of various types of polypropylene yarn, with more than 800 employees. At present, our company has 16 polypropylene filament yarn production lines, forming an annual output of 20,000 tons of polypropylene yarn production scale.