In the first half of 2023, the recovery of the global economy was hindered by factors such as inflation, and the export market of home textile products also faced pressure. In this wave, Chinese textile raw materials prices, such as cotton, cotton yarn, polyester filament, polyester short fiber, polyester chip, polyester bottle, etc., have all shown different degrees of increase.
Recently, the sustained rise of upstream oil prices has become the main factor driving the rise of textile raw material prices. The sustained rise of international oil prices has directly driven the significant increase of the domestic market crude oil sector, and then led the whole commodity market to rise. Under this background, domestic-related textile board futures also showed a continuous rising trend.
However, in this wave of price increases, benefiting from the complete industrial chain and global market layout, our company's home textile business continues to be stable. So far this year, our company has achieved home textile export business income of 86 million yuan, accounting for 72.89% of total operating income, reflecting strong anti-risk ability and development toughness.
Our company's success is not accidental. Faced with fluctuations in textile raw material prices, we have adopted active coping strategies. Firstly, we deepen the cooperation with suppliers, purchase raw materials in advance to lock in costs and avoid the risk brought by price fluctuations. Secondly, we improve product added value through technological innovation and process improvement, enhance product competitiveness. Finally, we adhere to the global strategy and actively expand overseas markets to optimize market structure and diversify market risks.
Despite the challenges, we have always adhered to the development philosophy of people-oriented, innovation-driven and quality first, actively responding to various changes and challenges. In the future, we will continue to optimize supply chain management, improve product added value, expand global market share to achieve sustainable and stable development.
Overall, the sustained rise of Chinese textile raw material prices has brought challenges to the whole industry, but also provided opportunities for our company's home textile business. We will continue to maintain keen market insight ability, flexibly respond to various risks and challenges, and actively seek development opportunities.
Post time: 11-08-2023
