Profits of major textile firms in China hits $2.56 bn in Jan-Feb 2024

14 Apr '24

1 min read

Profits of major textile firms in China hits $2.56 bn in Jan-Feb 2024

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Total profits of major textile enterprises in China rose to 18.2 billion yuan (~$2.56 billion) in the first two months this year, official data show.
Industrial output of major textile companies increased by 7.7 per cent year on year (YoY).
The country's textile and garment exports hit $45.1 billion in the two-month period—up by 14.3 per cent YoY.

Total profits of major textile enterprises in China rose to 18.2 billion yuan (~$2.56 billion) in the first two months this year, according to official data.

The combined operating revenue of these firms stood at 675 billion yuan (~$95 billion), rising by 13.7 per cent from a year ago, the ministry of industry and information technology said.

Industrial output of major textile companies increased by 7.7 per cent year on year (YoY), a state-controlled media outlet reported.

The country’s textile and garment exports hit $45.1 billion in the two-month period—up by 14.3 per cent YoY.

ALCHEMPro News Desk (DS)

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