Analysis of the current situation of textile industry operation!

With the gradual recovery of domestic and foreign market demand, and the significant effect of policy measures such as large-scale tax and fee reductions, the economic benefits of textile enterprises have experienced a sharp decline in early 2020, showing a trend of steadily repairing and improving quarterly.

According to data, in recent years, under multiple pressures such as the slowdown in domestic and foreign market demand, the more complex trading environment, and the continuous increase in overall costs, the growth momentum of textile enterprises’ investment growth has been weak, and the level of efficiency has declined. The overall operating income is on a downward trend. In 2020, textile enterprises above designated size will realize operating income of 4519.06 billion yuan, a year-on-year decrease of 8.8%, and the rate of decline has narrowed by 3.3 and 20.7 percentage points from the first three quarters and January to February respectively.

Suining Tongjia Chemical Fiber Factory was founded in 2013, and its main products are 300D—3000D high-strength polypropylene filaments of various colors, polypropylene double-twisted yarns, polypropylene industrial yarns, high-strength polypropylene threads, etc.