Textile Industry’s Performance in January ~ February

By CnAgri2013-04-17 11:35:52 Print The textile industry’s assets valued RMB3.403 trillion by February, of which RMB1.887 trillion were liquid assets, accounting for 4.55% and 5.22% of the nation’s industrial total respectively. The textile industry’s debt ratio was 56.57%, below the industrial average level of 58.28%.
 
The textile industry’s revenue from kernel business, its profit and its tax paid were RMB805.21 billion, RMB37.05 billion and 22.22 billion respectively in January and February, accounting for 5.88%, 5.22% and 3.35% of the industrial total respectively. The textile industry’s asset turnover and liquid asset turnover recorded 0.24 times and 0.43 times in January ~ February, above the industrial average level of 0.18 time and 0.38 times respectively.
 
The textile industry’s profit ratio was 4.6% in January ~ February, just 86.87% of the industrial average. Its ratio of profit plus tax paid against assets was 1.74%, just 95% of the industrial average. Low profit ratio may affect investment in the textile industry.
 
Of the textile industry’s revenue in January ~ February, 56.91% came from its kernel business. The industry’s cost of kernel business and bank loan interest paid were RMB126.844 billion and RMB69.06 billion respectively in January ~ February, accounting for 9.26% and 5.67% of the industrial total respectively.




From “China Cotton Bi-Weekly Market Report”