First profit growth in the textile industry is positive

In the face of the complicated and severe macroeconomic situation, Shaoxing County's industrial enterprises have tried their best to seek development through difficulties and handed over a hard-won transcript. From January to September, the county’s industrial enterprises above designated size achieved a profit of 10.063 billion yuan, a year-on-year increase of 2.7%, which is the first positive increase in total profits since the beginning of the year.

“Although only a slight increase of 2.7%, but compared with counties (cities, districts), Shaoxing County not only ranks first in total industrial profits, but also ranks first in increase, which is 8 percentage points higher than the average level in the city. The development of industrial enterprises in Shaoxing County has increased the confidence index, said the person in charge of the County Statistics Bureau.

From the perspective of the industry, Shaoxing County's textile industry showed a strong development trend, total profit reached 6.214 billion yuan, an increase of 21.3% year-on-year, of which the three major industries of printing, dyeing, weaving and chemical fiber manufacturing achieved a growth rate of over 20% year-on-year. This provides a strong guarantee for Shaoxing County's profit growth from negative to positive.

Corporate paid taxes are the best indicators of corporate profitability. In the first three quarters, Zhejiang Honglanlan Textile Printing and Dyeing Co., Ltd. paid over 40 million yuan in taxes and fees, which was far more than the 34 million yuan in the previous year, an increase of about 40%. “Under adverse economic conditions, doing a better and stronger printing and dyeing industry is a magic weapon for the company to achieve rapid growth.” Chen Yuming, chairman of “Red Green Blue,” disclosed that the company insisted on original design and introduced more than 20 kinds of flower samples every day. The production technology, sales links, etc. have been hired by international professionals for its effectiveness. In addition, a large amount of money is requested from foreign aid agencies to create high-quality employees and realize internal potential.

Doing fine and strengthening allows companies to stimulate their strength in adversity. “Red, green and blue printing and dyeing” is a microcosm of the development of textile enterprises in Shaoxing County. The Binhai Industrial Zone, which is the main battlefield for economic development in Shaoxing County, has actively built China's green printing and dyeing base in recent years and achieved remarkable results. In the first three quarters, sales and profit growth of printing and dyeing enterprises above designated size were 10.1% and 24.2%, respectively. At the same time, five enterprises including “Red Green Blue”, “Shengxin” and “Baofang” in the Binhai Industrial Zone ranked among the top 50 in the first three quarters of the year.

Facing the complicated and difficult economic situation, Shaoxing County this year has closely focused on “striving for progress and being active and active” and vigorously implemented the “strong industrial county” and “service-oriented county” strategy, especially in the promotion of the development of the textile printing and dyeing industry. We will nurture and develop new and advantageous industries such as neighboring equipment manufacturing and new polymer materials, and promote the transformation and upgrading of the industrial economy. Major industrial counties will make strides toward becoming industrial strong counties. At the same time, various departments in Shaoxing County managed to solve the new contradictions and new difficulties in the industrial economic operation by all means, concentrated on consolidating the foundation for steady growth, and escorting and accelerating economic stability.