To become a first-class supplier of textile raw materials and yarns in China and even in the world.
I am honored to stand here and share some thoughts at this year - end discussion of Deyuanchang Textile Technology. As we gather to review the past year and look ahead to the future, it's a time for both reflection and anticipation.
In the past year, we have achieved remarkable results. Our sales volume has increased significantly, with a growth rate of 54%. This achievement is mainly due to our continuous efforts in product innovation. We have successfully developed a series of new functional textile products, which are well - received in the market. For example, our newly developed moisture - wicking and antibacterial fabrics have attracted many large - scale clothing manufacturers, bringing us substantial orders.
In terms of market expansion, we have actively participated in international textile exhibitions, such as the Frankfurt Textile Fair and the Shanghai International Textile Exhibition. These exhibitions have provided us with excellent platforms to showcase our products and communicate with global customers. As a result, we have established business relationships with clients from more than 16 countries and regions, expanding our market share both at home and abroad.
However, we also faced some challenges. The global economic downturn affected the purchasing power of some customers, and the intense competition in the textile industry put pressure on our profit margins. Additionally, the rising costs of raw materials and labor have increased our production costs.
Looking ahead to the coming year, we have set clear goals. We aim to further increase our sales by [X]% through continuous product innovation and market penetration. We plan to invest more in research and development to create more high - value - added products, such as smart textiles with temperature - regulating and health - monitoring functions.
In the aspect of market expansion, we will focus on emerging markets in Southeast Asia and South America. We will establish local sales teams and distribution networks to better serve local customers and adapt to local market demands.
In conclusion, the past year has been a year of both achievements and challenges. But with our joint efforts, I am confident that we can overcome all difficulties and achieve greater success in the new year. Let's work together to create a more brilliant future for Deyuanchang Textile Technology!
Robert