en.Wedoany.com Reported - Recently, several listed Chinese textile and apparel companies have reached critical junctures. Li Hanqiong, Vice Chairman and President of Youngor, has been nominated as a candidate for non-independent director of the new board. In his annual letter to shareholders, Li Rucheng stated: "As the Yangtze River waves push on, the new generation will take charge of Youngor's operations in this board reshuffle." According to the annual report released on the same day, Youngor achieved total revenue of 11.582 billion yuan in 2025, with a net profit attributable to shareholders of 2.447 billion yuan. Additionally, Lulian New Materials, a subsidiary of Luthai Textile, has introduced Fast Retailing Group, the parent company of Uniqlo, and MORROW FASHION SAS, controlled by Chenfeng Group, through equity transfer and capital increase. The three parties jointly hold shares in the Tianqin International platform. This project will be established in Cambodia, with plans to build a vertically integrated production base covering "spinning, weaving, dyeing and finishing" to "garment manufacturing and brand export."

Jihua Group has been subjected to other risk warnings due to financial issues from 2018 to 2021. The China Securities Regulatory Commission found that the company inflated its revenue for four consecutive years, resulting in its stock abbreviation being changed to ST Jihua. Another private textile enterprise, Ruyi Group, has also been penalized by the securities regulatory bureau, with its actual controller, Qiu Yafu, banned from the securities market for 10 years. Meanwhile, on May 8, 2026, Texhong International Group announced the termination of its potential acquisition intention for textile business in the Americas, with the relevant letter of intent mutually agreed to lapse.

China's largest polyester filament yarn producer officially announced a new Vice President in May 2026. Jasan Group disclosed an investment of 280 million yuan to commence the construction of an integrated smart manufacturing factory project in Hangzhou, Zhejiang Province, China. One textile fabric enterprise has crossed over into the semiconductor field, investing 1.231 billion yuan into the new track of electronic fabrics. In terms of mergers and acquisitions, an A-share listed company acquired a controlling stake in a leading seamless garment OEM at a cost of 580 million yuan. However, this seamless garment enterprise had previously ventured into the photovoltaic industry with a cross-sector investment of 2.6 billion yuan, leading to an expected loss of over 1 billion yuan in 2025 and falling into delisting troubles. On the other hand, Huafu Fashion, China's largest colored spun yarn enterprise, achieved a net profit attributable to shareholders of 57.3988 million yuan in 2025, turning losses into profits year-on-year.

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