2017 performance: To achieve rapid growth, revenue growth rebounded and net profit growth declined. In 2017, the total operating revenue of the textile manufacturing industry (32 sample companies, the same below) increased by 17.98% year-on-year, an increase of 7.83 percentage points year-on-year; net profit attributable to mothers increased 31.13% year-on-year, a year-on-year decrease of 34.46 percentage points; Non-net profit increased by 6.03% year-on-year, a year-on-year decrease of 69.35 percentage points. The rapid growth in performance was mainly affected by the recovery of downstream demand. The increase in net profit faster than income growth was mainly due to the substantial increase in government subsidies. 2018Q1 results: Revenue growth continued to rebound and net profit declined.

In 2018, the total revenue of the textile manufacturing industry increased by 26.72% year-on-year, and the growth rate increased by 14.37 percentage points year-on-year. The net profit of the home-use company decreased by 2.17% year-on-year, representing a year-on-year decrease of 27.74 percentage points. The increase in revenue was mainly caused by the rising cost of raw materials, which led to the increase in product prices, the recovery of downstream demand, and the impact of partial acquisitions by companies. Excluding the merger and acquisition of Shenda, Zhaoxing and Noble shares, the overall revenue of the industry increased by approximately 15%. %. The decline in net profit was mainly due to the increase in raw material costs and the impact of RMB appreciation. Profitability has declined. In 2018Q1, the gross profit rate of the textile manufacturing industry decreased by 2.24 percentage points year-on-year to 18.26%, which was mainly due to the appreciation of the RMB. Affected by the declining gross profit margin, the net interest rate decreased by 1.23 percentage points year-on-year to 4.48%.