Food Industry’s Financial Condition in February

By CnAgri2013-04-12 11:20:23 Print The medium and large food enterprises’ assets valued RMB4.306 trillion in February, of which RMB2.37 trillion were liquid assets, accounting for 5.75% and 6.57% of the nation’s industrial enterprises’ total respectively. The food industry’s debt ratio was 52.3%, below the nation’s industrial average level of 58.28%. The quick ratio of the food industry’s assets was 55.21%, more than the nation’s average by 14%.
 
The food industry’s revenue from kernel business, its profit earned and its tax paid registered RMB1.268 trillion, RMB83.3 billion and RMB43.6 billion respectively in February, accounting for 9.26%, 11.75% and 6.58% of the nation’s industrial total respectively. The food industry’s profit ratio was 6.57%, more than the nation’s industrial average by 27%.
 
The food industry’s cost of kernel business was RMB1.048 trillion in February, 9.06% of the nation’s industrial total. Of the food industry’s production cost, 4.64% were spent on marketing, 81% more than the nation’s industrial average. High marketing cost added to food price and fueled the concentration of food production.

From “China Grains Market Weekly Report”