Food Industry’s Financial Situation in January ~ March

By CnAgri2013-05-14 11:17:20 Print According to the National Bureau of Statistics, the food industry enjoyed better returns than other industries in the first quarter of this year.
 
The industry’s total assets valued RMB4.406 trillion in March, 5.79% of the nation’s industrial total, a larger share than the month before. The industry’s debt ratio was 52.75%, below the nation’s average level of 58.54%. The industry’s liquid assets valued RMB2.434 trillion, 6.55% of the nation’s industrial total. The food industry’s assets quick ratio was 55.25%, higher than the nation’s industrial average by 13%.
 
The food industry’s kernel business lead a sales revenue of RMB2.023 trillion, a profit of RMB127.92 billion and a tax contribution of RMB66.45 billion in the first quarter, accounting for 9.1%, 10.9% and 6.6% of the nation’s industrial total respectively, reflecting the food industry’s strong profitability.
 
The industry’s profit rate was 6.32%, more than the nation’s industrial average by 19%. Its assets turnover and liquid assets turnover were 0.46 times and 0.83 times respectively, more than the nation’s average.
 
The food industry’s cost of kernel business was RMB1.908 trillion, 8.88% of the nation’s industrial total. Its operating expenses, financial expenses and overhead expenses added to RMB168.61 billion, 8.1% of the total cost. Its marketing cost accounted for 4.47% of the total cost, 78% more than the nation’s average marketing cost.



From “China Grains Market Weekly Report”