How to grasp the new development direction of the textile industry?

The development of the industry in 2020 has withstood a huge test and demonstrated strong resilience; the industry has maintained a recovery trend and continued to improve at the margin. Coordinate safety and development, the industry maintains its development strength, and its production and operations are steadily improving.

In 2020, the industrial added value of enterprises above designated size in the textile industry decreased by 2.6% year-on-year, which continued to narrow compared with the previous three quarters. The industrial added value of the industrial textile industry increased by 54.1% year-on-year; the industrial added value of the chemical fiber industry and the home textile industry changed from negative to positive.

Continuous restoration of corporate benefits. In 2020, textile enterprises above designated size across the country will realize operating income of 4519.06 billion yuan and total profit of 206.47 billion yuan, and the decline continues to narrow. The operating income profit rate of textile enterprises above designated size was 4.6%, a significant improvement from the beginning of the year. Among them, the operating income and total profit of industrial textiles increased by 32.57% and 203.21% respectively year-on-year, and the profit rate was 11.42%.

Shanghai Jinci Industrial Co., Ltd. was established in March 2006. It is a large-scale entity company specializing in the production and sales of polypropylene fiber (PP yarn). The company’s products include polypropylene general-strength yarn, PP high-strength yarn, polypropylene anti-aging yarn, and polypropylene fiber plus Twisted yarn, PP hollow yarn, polypropylene fluorescent yarn, PP luminous yarn, polypropylene flame-retardant yarn, polypropylene air-changing yarn, etc.