Exhibition of Enterprise Style and Welcoming Guests from All Sides - Live Report on the 19th China International Leather Exhibition

On August 31, 2016, the 19th China International Leather Exhibition was held as scheduled at the Shanghai New International Expo. A total of 1167 enterprises from 35 countries and regions, including China, Brazil, Germany, Italy, South Korea, Türkiye, and the United States, participated in the exhibition, covering an area of more than 9200 square meters, attracting more than 25000 professional buyers from all over the world. According to the database of the Chinese leather industry, in the first half of this year, the upstream leather production in China was 290 million square meters, a slight increase of 0.9% year-on-year. However, the growth rate of downstream leather product production has slowed down comprehensively, with varying degrees of decline. The growth of footwear retail for large retail enterprises nationwide is sluggish. From January to June, the sales of footwear were about 58.553 million pairs, a year-on-year increase of 4.9%, and the retail sales were 24.39 billion yuan, a year-on-year decrease of 0.5%. From this, it can be seen that the Chinese leather industry has experienced a recession period, with the continuous decline of major economic indicators continuously impacting industry expectations. The growth rate of sales revenue continues to decline, and the total profit has also decreased, while the export volume is accelerating the decline, making the future development of the export-oriented leather industry increasingly uncertain.

As an industry leader in the field of professional research and development and production of cowhide upper leather, Xingye Technology continues to play an important role in promoting trends and driving industry development. Although the industry is facing a cold spell, the company's display of multiple types of "2017 Spring/Summer New Products" at this exhibition attracted the attention of many exhibitors. This not only indicates that Xingye Technology still maintains its position as a mainstay in the field of genuine leather shoe upper leather, but also embodies the trust and support of new and old customers for the company as always, and reflects the market's recognition of the company's products and services.

On the evening of August 31st, the "Industrial Technology 2017 Spring/Summer New Product Leather Exhibition and Customer Appreciation Reception" was held in the Pudong Hall of Kerry Hotel in Pudong, Shanghai. Guests drank and chatted happily at the banquet. The theme of the cocktail party, "Brilliant Journey, Shining Stars Together," not only expresses Xingye Technology's sincere gratitude to all guests, but also signifies the determination to achieve synchronous development, common progress, and mutual benefit.