According to the National Bureau of Statistics (NBS), the profits of major industrial firms with annual main business revenue of at least CNY 20 million (about US$ 2.82 million) increased by 29.5% in November from the same period of 2022. The profits of major industrial firms reached CNY 6.98 trillion in the first 11 months of the year, down 4.4% year on year, with the rate of decline narrowing by 3.4 percentage points from the first 10 months.

From January to November, the main business income of textile enterprises above the designated size reached CNY 2.05 trillion, decreasing by 2.1% compared with the same period the previous year; the profit of the textile industry totaled CNY 65.47 billion, with a year-on-year decline of 1.8%. While the main business income of enterprises above the designated size in the apparel and accessories industry reached CNY 1.08 trillion, down by 6.0% year-on-year; the profit of the apparel and accessories industry reached CNY 52.79 billion, with a year-on-year decrease of 4.8%.

From January to November, the main business income of leather, fur, feather and their products and footwear industry reached CNY 722.27 billion, down by 6.0% year-on-year; their profit totaled CNY 38.29 billion, with a year-on-year decline of 1.1%.

From January to November, the main business income of enterprises above the designated size in the chemical fiber manufacturing industry was CNY 991.41 billion, up by 5.3% year-on-year; and its profit totaled CNY 20.06 billion, up by 17.4% year-on-year.

Source: CHINA TEXTILE LEADER Express