At present, the textile industry has entered a new period of development. This period is a crucial period for the industrial upgrading of the textile industry. On the one hand, a number of advantageous enterprises are improving their competitiveness through continuous innovation. The elements of modern enterprise, such as innovation awareness, brand influence, creative culture, new technology revolution, creativity, etc., are affecting the development track of the textile industry. On the other hand, in recent years, the impact of international oil price fluctuations, the price of chemical fiber raw materials has risen, and the price of cotton is unstable, which has a great impact on the production costs of textile enterprises. The profit margin of some enterprises tends to decline, and even in the state of capital preservation; there are still a few companies that are under pressure to lose money. At the same time, deep-seated problems such as insufficient independent innovation capability and serious structural contradictions have become more and more prominent. Since the financial crisis, with the changes in the domestic policy environment and the international market environment, the development of the textile industry is facing new enormous pressures and challenges.