Texhong Textile Group Ltd operates in the Yarn spinning mills sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Texhong Textile Group Ltd with three other
fabric manufacturers in Asia:
Sri Rejeki Isman Tbk PT
of INDONESIA
(2019
sales of 16.67 trillion Indonesian Rupiahs [US$1.16 billion]
of which 41%
was Spinning),
Huafu Fashion Co Ltd
of CHINA
(15.89 billion Chinese Renmimbi [US$2.24 billion]
of which 100%
was Cotton spinning industry), and
Kolon Corporation
which is
based in KOREA (SOUTH)
(4.40 trillion Korean Won [US$3.61 billion]
of which 43%
was Distribution Business).
Sales Analysis.
Texhong Textile Group Ltd reported sales of HK$24.98 billion (US$3.22 billion)
for the
year ending
December of 2019.
This
represents
an
increase of 10.2%
versus 2018, when the company's sales were HK$22.68 billion.
This was the fourth straight year of sales growth at Texhong Textile Group Ltd.
Sales of Garment Fabrics and Garments saw an increase
that was more than double the company's growth rate: sales were up
60.0% in 2019, from
HK$3.25 billion to HK$5.20 billion.
Not all segments of Texhong Textile Group Ltd experienced an increase in sales in 2019:
sales of Grey Fabrics fell 20.5% to HK$806.73 million.
(However, this segment's sales were only a very small portion of the company's overall sales).