Recently, Wind released the list of "Top 500 Chinese Listed Companies by Market Capitalization" for the first half of 2025, revealing the semi-annual pattern of the capital market. In this list reflecting market vitality and enterprise competitiveness, the textile sector has performed outstandingly, with 16 enterprises successfully making the cut. Meanwhile, some previously shortlisted enterprises were absent, fully demonstrating the industry's competitive landscape and resilience in a complex environment.
In the first half of 2025, the list of China's top 500 listed companies by market capitalization showed a stable trend at the top and an overall increase in value. Tencent Holdings, Industrial and Commercial Bank of China, and Agricultural Bank of China remained in the top three. The number of enterprises with a market value exceeding one trillion yuan remained at 14, highlighting the dominant position of super-large enterprises. The average market value, median market value and minimum market value increased compared with the first quarter, reaching 160.1 billion yuan, 69.2 billion yuan and 35.5 billion yuan respectively. The overall market value rose, and the scale effect of enterprises became more prominent.
Sixteen enterprises were shortlisted, demonstrating the resilience of the industry
Although the textile sector is not as dominant as the financial industry, the 16 shortlisted enterprises cover various sub-sectors ranging from textile manufacturing to clothing brands, highlighting the integrity of the industrial chain.
In the field of textile manufacturing, Lutai A, as the world's largest producer of high-end yarn-dyed fabrics, has strong competitiveness with its complete industrial chain from cotton cultivation to garment manufacturing and a 60% share of its products exported to Europe, America and Japan. Tongkun Co., Ltd. is the leading domestic polyester filament manufacturer, with a market share exceeding 20%. In 2024, its sales volume increased by 18% year-on-year, making it onto the list. As the global leader in color-spun yarn, Huafu Fashion accounts for 18% of the global sales volume. It is also included in the "Industrial Internet +" full-chain traceability system.
In terms of clothing brands, Bosideng leads in brand influence and market share, with its domestic and international recognition increasing and its brand value continuously growing. Sports brands such as Anta Sports and Li-Ning have achieved remarkable results in both domestic and international markets through technological innovation and brand building, and have successfully made it to the shortlist.
The companies that were once shortlisted are absent this time
Some of the textile enterprises that were once on the list did not show up this time. Weiqiao Group has been listed many times for its huge industrial scale. It has a wide layout of the entire textile industry chain, with cotton processing, spinning, weaving and other businesses once accounting for an important share. It has been selected as one of the "China's 500 Most Valuable Brands" for 22 consecutive times. In 2025, its brand value reached 141.329 billion yuan, ranking second in the textile and garment industry. However, in recent years, the industry competition has intensified, raw material prices have fluctuated, and environmental protection policies have become stricter. The pressure on enterprises to transform has been great, which has hindered the growth of market value. This time, they missed out.
Lianfa Co., Ltd. was also shortlisted. In the first half of 2024, its revenue was 2.47 billion yuan, an increase of 10.38% year-on-year, but its net profit attributable to the parent company dropped by 56.64% to 49.2351 million yuan. It focuses on the production of yarn-dyed fabrics. Due to changes in market demand and the emergence of new materials and technologies, its product structure was not optimized in a timely manner, and its market share was eroded, affecting its market value. Therefore, it was not shortlisted this time.
Shenda Co., Ltd. mainly engages in import and export trade and the research and development and manufacturing of industrial textiles. In the first half of 2024, its revenue was 6.072 billion yuan, an increase of 8.96% year-on-year, and its net profit attributable to the parent company turned from loss to profit, reaching 54.2046 million yuan. However, with intensified market competition and emerging enterprises challenging traditional models, their pace of innovation and R&D as well as market expansion is slow, making it difficult for them to maintain their market value advantages. Unfortunately, they have failed to make the list.
The competitive landscape of the industry has been optimized, and opportunities in niche fields have become more prominent
In 2025, the competitive landscape of the textile and garment industry will be optimized, and there will be opportunities in the niche fields. In the domestic market, the home textile, multi-child concept and outdoor sports functional clothing sectors have received policy support and are expected to grow. Home textile enterprises such as Rolai Life, Fuanna and Mercury Home Textiles will take advantage of the policy to increase their market share. Under the impetus of consumption upgrade and the popularization of healthy living, the demand for functional outdoor sports clothing has grown. The competition among brands such as Anta Sports, Li-Ning, Bosideng and Xtep International has intensified, which is expected to expand the market.
In the international market, despite trade frictions and tariff uncertainties, Chinese textile enterprises have responded through overseas production capacity layout and technological innovation. Shenzhou International, Huali Group and other leading companies have maintained important positions in the global market by virtue of their global competitiveness in niche fields and capacity expansion plans.
Sixteen enterprises in the textile sector were shortlisted, which is inseparable from policy support and their own resilience. In terms of policy, the state supports the transformation and upgrading as well as green development of industries, and encourages enterprises to increase technological innovation and brand building. At the enterprise level, leading enterprises, in the face of weak market demand, have achieved counter-trend growth by optimizing product structure, enhancing brand influence, and strengthening supply chain management. For instance, Laopu Gold achieved growth against the trend in 2024 by leveraging its differentiated high-end positioning and brand-oriented operation.
The inclusion and absence of textile enterprises in the list of the top 500 companies by market value in the first half of 2025 outline the competitive landscape of the industry and reflect its resilience and competitiveness. Under the global economic recovery and domestic policy support, the textile and garment industry will optimize its competitive landscape, seize niche opportunities, and achieve sustainable development. In the future, with the advancement of technological innovation and brand building, Chinese textile enterprises are expected to break through in the global market and inject new vitality into the industry.
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