Textile Business Still Under Pressure

Date: 2015-08-24

Sales decreased because of sluggish demand, and GM declined significantly due to the sales of high-cost inventory. The decrease in sales volume amid demand shrinkage was the main reason, and the decline in product prices caused by the cotton price drop (which remained at a low level in 2015) was also an important factor. GM declined 4.3ppt to 4.2%.

Cotton price trend

Cotton price trend

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