Key Enterprises in Textile Industry Grew Slowly in Jan.-April
    According to the State Economic and Trade Commission, during the Jan.-April period, production of 45 key enterprises in the textile industry grew quite slowly, and the export and profits also showed a sliding tendency.

First, production grew slowly while the falling rates of sales and export slowed down. During the first four months, the 45 enterprises realized a total production value of 23.9 billion yuan, up 1.9 percent over the same period of last year, and the increase rate dropped by 1.6 percentage points from the first quarter. The sales income totaled 20.76 billion yuan, down 0.1 percent from the same period of last year, and the decrease rate dropped by 1.5 percentage points from the first quarter. The export value totaled 3.37 billion yuan, down 5.1 percent from the same period of last year, and the decrease rate dropped by 5.3 points form the first quarter.

Second, profits decreased and the losses of some enterprises increased. During the first four months the 45 enterprises realized a total profit of 490 million yuan, down 35.5 percent from the same period of last year, and in April they realized a total profit of 220 million yuan. Among them 32 enterprises who gained realized a total profit of 690 million yuan, down 9.9 percent, and 13 who lost suffered a total loss of 190 million yuan, up 60 million yuan over the same period of last year.