“Top 100 Enterprises in the Apparel Industry in 2020” is officially released!
In August 2021, the China National Garment Association officially released the list of “Top 100 Enterprises in the Garment Industry in 2020”.
In 2020, the top 100 enterprises in China’s garment industry were ranked according to the three indicators of “operating income”, “total profit” and “operating income profit rate” based on the principle of “member participation and voluntary declaration”. A total of 127 companies are on the list across the country. Judging from the distribution of provinces and cities, there are 33 companies in Jiangsu, 24 companies in Zhejiang, 16 companies in Shandong, 10 companies in Beijing, 8 companies in Fujian, 6 companies each in Guangdong, Shanghai, Sichuan, and 3 companies each in Shaanxi, Hunan, Anhui, and Chongqing. , 2 each in Liaoning and Shanxi, and 1 each in Henan and Hebei. Among them, 11 companies have operating income exceeding 10 billion yuan, and 65 companies have operating income exceeding 1 billion yuan.
The top 100 enterprises are the mainstay of highquality development in the apparel industry, and are important for industrialtechnological innovation, brand building, and social responsibility. leader. The top 100 companies in the apparel industry in 2020 show three distinctive characteristics: First, they actively switch production to fight the epidemic. Faced with the impact of the epidemic, a large number of the top 100 apparel companies have made every effort to switch to the production of protective clothing, isolation gowns, various masks and other epidemic prevention materials, demonstrating a high degree of family and country sentiment and industry responsibility. Second, the characteristics of innovative development are very obvious. Faced with the impact of the epidemic, clothing companies have carried out new retail formats such as online live broadcasts, WeChat fans, community operations, and cross-border e-commerce. Take multiple measures to promote the rapid recovery of enterprises. Third, while industrial resources are accelerating the agglomeration of advantageous enterprises, the top 100 enterprises have maintained healthy development. In 2020, the top 100 “operating income” companies in China’s apparel industry achieved a total operating income of 688.013 billion yuan, a year-on-year decrease of 5.47%; the top 100 “total profit” companies achieved a total profit of 49.983 billion yuan, a year-on-year decrease of 2.68%; “operating income profit margin” “The average profit margin of the top 100 companies reached 9.76%, only 0.19 percentage points lower than in 2019. While operating income and total profits have declined, profit margins have only declined slightly, which fully illustrates the resilience of the top 100 companies.
It should be noted that the “Top 100 Enterprises in the Garment Industry” is exclusively released by the China Garment Association based on financial data among member companies based on the principle of objectivity and fairness. This work has always followed the principle of voluntary participation by companies and is an industry work without any charges. The China National Garment Association has never directly organized, entrusted an authorized organization or a cooperative organization to conduct fee-based commendation, release or media promotion activities in the name of “Top 100 Garment Industry Enterprises”. Industry enterprises and all sectors of society are welcome to supervise and provide valuable suggestions.
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