Date : 2022-01-14
In the context of the continuous recovery of domestic and foreign terminal demand after the epidemic, the overall revenue and profit of textile manufacturing in 2021 will show a positive trend. As of 2021Q3, the cumulative year-on-year increase was +23%/+60%, and it has returned to the level of 2019 (cumulative year-on-year 2019Q3 respectively). +0.3%/+25%): In Q1, with a low base and recovery of domestic and foreign demand, both revenue/profit achieved high growth; Q2 revenue/profit growth slowed down mainly due to the large demand for anti-epidemic materials such as masks in the same period last year , while the demand for epidemic prevention has declined this year. At the same time, due to the high gross profit margin of anti-epidemic materials, profit in Q2 fell more than revenue; while overseas demand in Q3 gradually recovered, and some orders in Southeast Asia returned due to the local epidemic, so the growth rate of revenue/profit in Q3 rebounded month-on-month.
