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Analysis of the trend of the textile industry!

In 2019, affected by the uncertainty of Sino-US trade relations, the production of the textile industry chain has slowed down, and industry profits have fallen.

From January to October 2019, there were 13,760 companies in the apparel industry above the size (annual main business income of 20 million yuan and above), with cumulative operating income of 130.7 billion yuan, a year-on-year decrease of 0.2%; total profits of 68.5 billion yuan, a 3.4% year-on-year decrease ; Operating income profit margin was 5.24%, a decrease of 0.17 percentage points over the same period of the previous year; clothing production was 20.3 billion, a decrease of 0.8% year-on-year; exports of clothing and clothing accessories were USD 127.2 billion, a decrease of 4.5% year-on-year; the actual investment in the clothing industry decreased year-on-year 0.5%.

Guangdong Modern High-tech Fiber Co., Ltd. is a manufacturer specializing in the development, production and sales of PP yarns. Since its establishment, it has developed steadily. At present, it has established more than 70 polypropylene FDY production lines, 8 POY production lines, and 2 DTY production lines. There are a number of other research and development equipment for production. In the previous year, various specifications of PP yarns exceeded 24,000 tons, which has now become the largest PP yarn manufacturer in China.