Operation of China’s Technical Textile Industry from January to August

From January to August 2020, the industrial added value of the technical textile industry surged by 60.9% year-on-year, and enterprises above designated size achieved over CNY 201.03 billion worth of operating income, up 31.16% year-on-year. Their profits totaled CNY 25.33 billion, skyrocketed by 237.95% year-on-year. The profit margin was 12.60%, up 7.71 percentage points year-on-year. Among them, the output of nonwovens enterprises above designated size reached 3,714,500 tons, up 13.10% year-on-year. Their operating income was over CNY 112.10 billion, increased by 56.89% year-on-year. And their profit totaled over CNY 17.43 billion, surged by 423.47% year-on-year. And the profit rate was 15.55%, up 10.89 percentage points year-on-year.

 

From January to July 2020, China’s technical textiles exports amounted to US$ 55.71 billion, of which mask exports were US$ 36.88 billion, and protective clothing exports were US$ 4.38 billion.

 

Source: CHINA TEXTILE LEADER Express