Development status of textile industry
In 2019, the overall prosperity of the textile industry was in the expansion range. In the fourth quarter of 2019, the prosperity index of the textile industry was 55.2, reaching the high value of the annual prosperity. In 2019, the industry's prosperity and the start of production were basically stable, and the textile industry's prosperity was generally in an expansion range.
The external situation facing the textile industry in 2020 will become more complex and severe. The global spread of the new crown epidemic, the complex situation of increasing global economic risk points, and domestic structural issues still exist. The new crown pneumonia epidemic has not only caused domestic economic losses to textile companies, but also caused companies to face the loss of foreign trade orders and intensified international competition.
In terms of specific industry profitability, from 2016 to 2019, the overall operating income and total profits of textile industrial enterprises above designated size tended to decline. In 2019, the total operating revenue and profit were 2403.81 billion yuan and 100.9 billion yuan, down 2% and 11% year-on-year;
As of January-June 2020, the total operating income and total profits of textile industrial enterprises above designated size were 966.94 billion yuan and 40.21 billion yuan, respectively, down 15.6% and 5.6% year-on-year. In 2020, industry profits will fall sharply.
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