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Total profit increased by 20.1% year-on-year! In the first 7 months of this year, China's textile industry is running well!

Data show that in the first seven months of this year, the overall performance of China's textile industry is good, and the total profit has increased significantly. The industrial added value of textile enterprises above designated size increased by 4.7% year-on-year, and the operating income was 2,736.6 billion yuan, up by 6.0% year-on-year; Total profit was 87.4 billion yuan, up 20.1 percent year-on-year.

The vitality of consumption has been continuously stimulated, and the consumption of clothing has grown rapidly. In the first seven months, the total retail sales of consumer goods by units above designated size nationwide reached 10,532.1 billion yuan, an increase of 2.7 percent year-on-year, of which the retail sales of clothing, shoes and hats, and textile products by units above designated size increased by 0.5 percent year-on-year, and the online retail sales of physical goods increased by 6.3 percent year-on-year.

Foreign trade as a whole remained stable, from January to July, China's textile and apparel cumulative exports of 169.84 billion US dollars, an increase of 1.1%.

Guangdong Modern High-tech Fiber Co., Ltd. is a professional manufacturer engaged in the development, production and sales of polypropylene fiber. Guangdong Modern High-tech Fiber Co., Ltd. has advanced production and research and development equipment, perfect process flow, scientific management framework, and a high-quality technical team, which is recognized as a national high-tech enterprise.