Textile Industry’s Performance in January ~ November

By CnAgri2013-01-21 12:48:41 Print Statistics show that China’s textile industry’s performance was worse than the nation’s industrial average in 2012.
 
The textile industry’s total assets recorded RMB3.483 trillion in November, of which RMB1.978 trillion were liquid assets, accounting for 4.72% and 5.38% of the nation’s industrial total respectively. The industry’s debt ratio was 56.77%, below the nation’s figure of 58.5%. The textile industry’s employee number was 9.674 million, 10.59% of the nation’s industrial total.
 
The textile industry’s revenue and profit from kernel business were RMB1.015 trillion and RMB239.66 billion respectively in January ~ November, 6.09% and 5.14% of the nation’s industrial total respectively. The textile industry paid RMB135.87 billion tax in the period, 3.81% of the nation’s industrial total. Its profit and tax contribution were below the nation’s average.
 
The textile industry’s profit ratio was 4.78%, below the nation’s average by 15.6%. Its ratio of profit and tax contribution to assets was 10.78%, below the nation’s average by 0.04%. Low returns from textile production, especially chemical fiber production, may hamper investment into the textile industry.
 
The textile industry’s revenue and profit from kernel business accounted for 57.8% and 58.34% of the textile industry’s total respectively. Of the textile industry’s subsidiary industries, the garment industry showed a better performance than others.
 
The textile industry’s cost of major business and bank loan interest paid registered RMB7.654 trillion and RMB57.31 billion respectively in January ~ November, 8.35% and 6.05% of the nation’s industrial total respectively.


From “China Cotton Bi-Weekly Market Report”