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Just 1% of Chinese garment makers account for 30% sales

29
Sep '12
Less than one percent of Chinese clothing manufacturers account for revenue of more than 30 percent, according to a report released by the China National Garment Association (CNGA).
 
The report states that the country’s top 100 clothing manufacturers, out of the total 11,168 garment manufacturers that are tracked by the CNGA, have collectively generated revenue of around 390 billion Yuan, accounting for 31.26 percent of all sales by apparel firms in 2011.
 
Last year, the earnings of top 100 apparel makers in China increased by 4.61 percent compared to 2010.
 
The net profit of top 100 garment makers in 2011 was nearly 37.7 billion Yuan, which was 49 percent of the combined net profit of 11,168 enterprises. The figure was, however, 1.75 percent less than the net profit earned in 2010.
 
In terms of revenue generation, Youngor Group Co from Zhejiang province, and Hodo Group and Heilan Group from Jiangsu were the top three Chinese clothing manufacturers in 2011. 
 
The top three apparel firms in terms of gross profit earning in 2011 were the Zhejiang-based Youngor Group Co, Anta Sports Products Ltd from Fujian and the Heilan Group in Jiangsu.
 
Location wise, out of the top 100 clothing manufacturers, 44 are based in Zhejiang, followed by 21 in Jiangsu, 20 in Shandong, and 18 in Fujian. Guangdong and Shanghai have nine and six enterprises respectively, while Beijing and Hunan both have four garment companies among the leading 100.
 
Founded in 1991, CNGA strives to provide various services related to garment industry for the government, other business enterprises and societies with the purpose of promoting the development of Chinese garment industry.
 

Fibre2fashion News Desk - China


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