China's major textile companies reported lower revenues and profits in the first half of this year, official data showed. Revenues of major textile companies shrank 16.4% year on year to CNY 1.93 trillion (about US$ 278.07 billion) from January to June, according to data by the Ministry of Industry and Information Technology.

Profits of these companies dropped 19% from a year earlier to CNY 73.1 billion.

Value-added output of the enterprises went down 6.7% year on year, narrowing 9.8 percentage points from the pace of decline in the first quarter, data showed.

However, the technical textiles sector saw robust growth of 57.8% in value-added output with a surge in demand for COVID-19 prevention and control supplies in the first half.

Major textile companies include those with an annual turnover of at least CNY 20 million. (Xinhua)