DH TEXTILE Blanket Hoodie Blanket Snuggie Making Chinese Blankets Dominate The World.

At present, the blanket industry is an export-oriented industry, with domestic and foreign sales accounting for 30% and 70% respectively. Blanket manufacturing industry is a traditional labor-intensive industry, and the whole production process needs a large number of production workers. More than 50% of blanket exports are processed by importing countries providing trademarks, styles and paper samples, and independent brands account for only about 10% ~ 20%. The United States, the Middle East, Europe and Japan are the main export regions of China's blankets. The top 20 countries in China's export volume of synthetic fiber blankets account for 70.60% of the total export volume.
Although China's export volume of blankets is large, compared with other countries, the overall technical level of blanket production is still relatively low. According to the competition analysis of the blanket industry, after the quota was cancelled, these countries adopted various policies to promote their own blanket exports. Blankets led to excess global processing capacity, reduced profit space and fierce technology and price competition. Under the background of the gradual rise of production and processing costs, the price rise of China's export blankets leads to the gradual reduction of the demand for China's blankets in the international market.
At present, the top ten brands in the domestic blanket industry are true love Group Co., Ltd., Shanghai Fenghuang blanket industry Co., Ltd., kunqing group, Shandong Shenghao Home Textile Co., Ltd., Linyi Xinguang blanket Co., Ltd., Weike Holding Group Co., Ltd., Weihai Wool Textile Group Co., Ltd., China Olympic blanket industry group, Hengyuanxiang and Hubei Maiya Co., Ltd.
Huanlong holdings is one of the five major papermaking blanket manufacturers in the Chinese market. It is the only papermaking blanket manufacturer with headquarters in China, with a market share of about 5.7% based on 2019 revenue. The company's papermaking blankets can be divided into five categories, namely packaging paper papermaking blankets, special paper papermaking blankets, printing papermaking blankets, household paper papermaking blankets and pulp board papermaking blankets. For the three years ended December 31, 2020, the company's revenue blankets were about RMB 159.4 million (the same below), RMB 167.3 million and RMB 182.8 million respectively; The overall gross profit of blankets is 7.79 million yuan, 89.3 million yuan and 99.6 million yuan.
According to the frost Sullivan report, in 2019, nine of China's top ten paper blanket companies were customers controlled by Huanlong. For the three years ended December 31, 2020, the sales made by the company to the five major blanket customers were about 25.5 million yuan, 25.1 million yuan and 27.8 million yuan respectively, accounting for about 16%, 15% and 15.2% of the total revenue in the same period, and the sales made by the company to the largest customers were about 7.1 million yuan, 5.8 million yuan and 7.2 million yuan respectively, accounting for about 4.5%, 3.5% and 3.9% of the total revenue in the same period.
China's blankets are mainly exported to African and Middle East countries, accounting for about 60% of its market share, mainly medium and low-grade products. The product structure is polyester blankets, cotton blankets, eye fiber blankets and eye polyester blended blankets. Industrial bases have been formed in the coastal areas of Guangdong and Zhejiang, and good blanket profits have been obtained. At the end of 1997, Hebei Baoding Meiya Textile Co., Ltd. took the lead in building factories in the north and began the production of acrylic blankets. As a result, dozens of blanket factories were built in Lixian County, Gaoyang County and Anxin County in Baoding area within three years, and developed rapidly, forming a large-scale production base, and the output jumped to the forefront of the country, It has occupied most of the domestic blanket market share, making coastal manufacturers turn to foreign countries for export. However, in recent years, DH textile blanket  have also shifted from domestic sales to foreign markets, making Chinese blankets dominate the world. DH textile