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 percent year-on-year to 1.93 trillion yuan (about $278.07 billion) from January to June, according to data by the Ministry of Industry and Information Technology.

Profits of these companies dropped 19 percent from a year earlier to 73.1 billion yuan.

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

However, the industrial textiles sector saw robust growth of 57.8 percent 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 20 million yuan.

(Source:Xinhua)