Textile Industry’s Performance in January ~ November


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”
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