In 2024, the quality of operation of the textile industry continued to improve. The operating income profit margin of textile enterprises above designated size was 3.9%, 0.1 percentage points higher than that of the previous year; The turnover rate of total assets accelerated by 0.6% year-on-year, and the proportion of three expenses decreased slightly to 6.5%, all showing a trend of repair and improvement.
Textile enterprises further promote transformation and upgrading, actively implement large-scale equipment update policy requirements, and drive the steady expansion of high-end, intelligent, and green investment. In 2024, the completed fixed asset investment in the textile industry, clothing industry and chemical fiber industry (excluding rural households) increased by 15.6%, 18% and 4.7%, respectively, with growth rates accelerating by 16, 20.2 and 14.5 percentage points over the previous year.
Under the situation of steady improvement in production and marketing and efficiency, the development confidence and expectations of textile enterprises have gradually consolidated, and the overall prosperity of the industry has remained in the expansion range. According to the survey of the China Textile Industry Federation, in the fourth quarter of 2024, the comprehensive prosperity index of China's textile industry was 59.5%, an increase of 2.3 and 6.8 percentage points over the same period of last year and the third quarter, respectively, and the eighth consecutive quarter is above the line of growth and contraction.
Development opportunities and challenges coexist, ushering in a new stage of high-quality development
The year 2025 is the end of the "14th Five-Year Plan" and the key year for planning the "15th Five-Year Plan" development, although the external situation is highly complex, the textile industry is still in a strategic opportunity period with opportunities and challenges. On the one hand, the global economy and terminal consumption growth is weak, the risk of trade friction is frequent, the layout of the international textile supply chain is deeply adjusted, and there are still many uncertain and unstable factors. Difficulties and challenges such as insufficient domestic effective demand, intensified market competition, and greater pressure on enterprises to operate still depend on the industry to resolve by deepening supply-side reform and promoting high-quality development. On the other hand, in the long-term improvement of China's macroeconomic fundamentals, the release of the "ballast stone" role of the super-large domestic market, the coordination of macro stock increment policies, providing a stable cornerstone for the textile industry to accelerate the upgrading and development, the industry has the conditions to grasp the strategic opportunities such as industrial scientific and technological innovation, domestic demand and high-level integration of international resources, focusing on science and technology, fashion, green and health. We will accelerate the formation of new potential energy for high-tech, high-efficiency and high-quality industries, and push the construction of a modern industrial system to a new level.
The textile industry will fully and deeply implement the spirit of the 20th Party Congress and the second and Third Plenary sessions of the 20th Central Committee and the relevant decisions and arrangements of the Central Economic Work Conference, take high-quality development as the guide, adhere to comprehensively deepening reform, fully transform the effect of supply-side reform into the potential release of the demand side, enhance the internal driving force, effectively control and reduce external risks, and steadily promote the construction of a modern industrial system. To build a solid foundation for the high-quality completion of the "14th Five-Year Plan" national economic and social development goals and tasks, to achieve the "15th Five-Year Plan" good start.
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