Forbes releases the top 2000 list, which textile companies are shortlisted for glory

Recently, Forbes released the 2022 Global 2000 list. A total of 399 Chinese (including Hong Kong, Macao and Taiwan) companies are on the list, 4 more than last year. Among them, eight Chinese companies involved in the textile industry, including Hengli Group, Rongsheng Petrochemical, Anta Sports, Tongkun Group, Hengyi Petrochemical, Li Ning, Dongfang Yuhong, and Shenzhou International, are on the list.
Compared with the list released in 2021, the number of textile-related companies on the list has not changed, but Tongkun Group and Li Ning are “new members”, and Youngor and SUMEC, which were on the list last year, have slipped off the list. The ranking of my country’s textile-related enterprises on the Forbes list has changed compared with previous years, but overall it shows that textile-related enterprises face the complex and severe external environment and market situation, proactively deepen structural adjustment, actively promote technological innovation, brand building, Channel expansion also shows that my country’s textile industry has strong development resilience and comprehensive competitiveness.
The overall operating conditions of the eight Chinese textile-related companies on the list are stable. Among them, Hengli Petrochemical Co., Ltd. ranked 455th this year. Rongsheng Petrochemical ranks 642nd on the list. Tongkun Group ranks 1,551st on this year’s list, a jump of 1,003 places from 2,554th in 2021. Hengyi Petrochemical, ranked 1670th on the list, is committed to developing into one of the leading domestic and world-class “refining-chemical-chemical fiber” industrial groups. Oriental Yuhong ranks 1838th on the list. The company continues to develop in new materials and new processes. Anta Sports, which is ranked 1,025th on the list this time, has a basically stable position with little change compared to the previous year. Li Ningranked 1,738th. Shenzhou International, ranked 1958th on the list this time, is the largest vertically integrated knitted garment manufacturer in my country.
Under the influence of the COVID-19 epidemic, the supply chain and industrial chain of the global textile industry have been greatly impacted, which has put considerable pressure on the production and operation activities of enterprises.
The textile and chemical fiber companies and their upstream companies listed this time have obvious capital- and technology-intensive characteristics and have economies of scale. These leading companies have strengthened their own structural adjustments, exerted upstream and downstream synergy, and effectively resisted market risks, reflecting the competitive strength of the leading companies in my country’s chemical fiber industry.
A number of brokerages gave Hengli shares a positive rating in their research reports, believing that the company’s “industrial integration highlights its competitiveness, and the future of new materials is promising.” Hengyi Petrochemical continues to attach great importance to investment in new product research and development, actively responds to the national carbon peak and carbon neutrality strategies, and adheres to the orientation of “green manufacturing” and “circular economy”. PolyesterThe segment continues to develop products and transform results around the three major themes of green environmental protection, functional products and bio-based products. In the process of transformation and development extending from downstream textile and chemical fiber to upstream refining and chemical integrationRongsheng Petrochemical has always adhered to its main business, especially Zhejiang Petrochemical, the world’s largest single refinery The successful operation of the integrated refining and chemical project has enhanced the development pattern of China’s petrochemical industry.
Textile-related companies were selected into the Forbes 2022 Global Top 2000 list, which objectively reflects the good performance of my country’s chemical fiber industry in adverse adjustments. In 2021, under the background of cost support and improving demand, the economic benefits of the chemical fiber industry will increase significantly year-on-year. The total profit growth rate of the chemical fiber industry ranks first in the entire textile industry chain, and the two-year average growth rate is higher than the pre-epidemic level. The improvement of corporate performance has effectively led to the restoration of investment confidence.
In addition, as a well-known enterprise in the industrial textiles industry, Oriental Yuhong will actively explore the path of lean creation in 2021, vertically integrate new technologies, new processes, and new materials, horizontally develop intelligent manufacturing, low-carbon environmental protection, and lean management, and With the main waterproofing business as the core, we will continue to improve and expand our own potential and business scope, extend the upstream and downstream and related industrial chains, and strive to promote high-quality development.
Affected by the COVID-19 epidemic and geopolitical conflicts, market expectations for global economic growth in 2022 have generally slowed down. From the perspective of the domestic market, under the influence of demand contraction, supply shock, and weakening expectations, the development pressure of the textile industry has increased sharply. Actively adjusting to respond to the market is still a homework that companies must do well.
The leisure sports and apparel companies on the list have also made remarkable achievements in channel innovation and brand development through active adjustments. Brand revenue has become the growth engine of Anta Group’s business. Li Ning continues to enhance its brand influence and profitability by consolidating its “single brand, multi-category, and multi-channel” strategy. Shenzhou International’s main business is the production of knitted sportswear, casual wear, underwear and other knitted products. </span