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Although experiencing the pain of canceling export quotas, the textile and apparel industry, which is dominated by exports and processing with supplied materials, once again suffered the impact of the appreciation of the renminbi, and foreign exchange contributions are having a direct impact on listed companies in the industry.

For 58 listed companies in the textile and apparel sector, except for "Sihuan Biological", "Jinlong", "Xinmin Technology" and "Fujian Nanfang", which did not disclose exchange gains and losses, the total exchange loss was 73,535,476.14 yuan, which was exchange gains in 2005. 8,895,858.29 yuan, the exchange loss in 2006 increased by 82,431334.43 yuan, an increase of more than 9 times.

The net profit of the top ten textile and apparel companies with the largest exchange losses in the published annual report totaled 43,725,9531.1 yuan in 2006, 26.9 times that of the previous year.

In addition, changes in exchange gains and losses are also directly reflected in the stock value of listed textile and apparel companies.

The appreciation of the renminbi, the loss of the textile and apparel industry increased nine times