China's textile companies' industrial added value up 4.5% year-on-year... profits up more than 10% - Chinese report

According to data released by the Ministry of Industry and Information Technology of China on the 4th, in the first nine months of this year, the industrial added value of textile enterprises of a certain size or larger increased by 4.5% compared to the same period last year. Sales increased by 4.0%.
Revenues increased by 10.3% to 3,568,770 million formers (approximately 76.6 trillion yen), and total profits increased by 10.3% to 113,880 million formers (approximately 2.4 trillion yen).
Overall production volume fell by 1.4%. However, fabric production increased by 14%, clothing production by 4.4%, and chemical fiber production by 9.5%.
Overall, the development of the textile industry was good, and profits maintained stable growth. During the same period, the total retail sales of consumer goods of textile enterprises above a certain size increased by 2.3% to 1.3767 trillion yen.
Of this, retail sales of clothing, footwear, hats, knitwear and other items increased by 0.2%, while online clothing sales increased by 4.1%.
Looking at exports, the value of textile product exports from January to September this year increased by 0.5% year-on-year to 222.41 billion dollars (approximately 34.3 trillion yen).
It was down 3.8% to $24.78 billion (about 3.8 trillion yen).