According to statistics from 574 major Chinese textile machinery and accessory enterprises, the gross value of industrial output (present price) increased by 19.56% during January-March 2004 from the year before to 13,320 million yuan (US$1,589.4 million). The income from product sales grew by 21.61% to 12,860 million yuan (US$1,543.2 million), and profits rose by 15.34% to 670 million yuan (US$80.4 million).
The output value of new products accounted for 15.92% or 1,216 million yuan (US$145.92 million) in the first quarter, up 9.69%.
The 574 textile machinery and accessory builders saw their exports during January-May grow by 27.7% to 256 million yuan (US$30.72 million).
The biggest names in the domestic textile machinery industry in terms of sales income and profits are as follows:
(A) Biggest sales income:
1. Qingdao Xinghuo Textile Machinery (Group) Co., Ltd.; Shandong Province
2. Zhengzhou Textile Machinery Co., Ltd.; Henan Province
3. Jingwei Textile Machinery Co., Ltd.; Shanxi Province
4. Hongyuan Textile Machinery Co., Ltd.; Jiangsu Province
5. Jinying (Group) Co., Ltd.; Zhejiang Province
(B) Largest profits:
1. Jinying (Group) Co., Ltd.
2. Hongyuan Textile Machinery Co., Ltd.
3. Changshu Textile Machinery Co., Ltd.; Jiangsu Province
4. Rifa Textile Machinery Co., Ltd.; Zhejiang Province
5. Wuxi No.2 Rubber Co., Ltd.; Jiangsu Province
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