Revenues of major textile companies shrank by 19.7 percent year-on-year to 1.19 trillion yuan (about 168.3 billion U.S. dollars) during the four-month period, according to data from the Ministry of Industry and Information Technology.
Profits of these companies dropped by 32.1 percent to 37.7 billion yuan from a year earlier.
Major textile companies refer to those with an annual business turnover of at least 20 million yuan.
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