Food Industry’s Financial Condition in January ~ June

By CnAgri2013-08-21 11:19:30 Print According to the National Bureau of Statistics, the food industry enjoyed a better return on assets than other industries in the first half of this year.
 
The food industry’s liquid assets and total assets registered RMB2.539 trillion and RMB4.578 trillion respectively at the end of June, accounting for 6.59% and 5.82% of the nation’s industrial total respectively. Its debt ratio was 52.19%, below the nation’s industrial average of 58.57%. The food industry’s asset quick ratio was 55.46%, more than that of the nation’s average level by 13%.
 
The food industry’s revenue from kernel business, its profit and its tax contribution registered RMB4.255 trillion, RMB257.64 trillion and RMB132.81 billion respectively in January ~ June, accounting for 8.89%, 9.97% and 6.52% of the nation’s industrial total respectively.
 
The food industry attained a profit of RMB46.94 billion in June, up 5.89% on the year-on-year basis, below the nation’s industrial average level of 7.3%. The food industry’s profit ratio was 6.06% in January ~ June, 1.12 times of that of the nation’s industrial average. The food industry’s liquid asset turnover and total asset turnover were 1.68 times and 0.93 times respectively, 46% and 35% more than the nation’s industrial average respectively. On the whole, the food industry had a strong asset profitability, an attraction to investment.
 
The cost of the food industry’s kernel business was RMB3.596 trillion in January ~ June, 8.78% of the nation’s industrial total. Of the cost, the management expense, financial expense and marketing expense added to RMB345.26 billion, 8.9% of the nation’s industrial total. The three kinds of expenses account for 7.8% of the food industry’s production cost, 0.6% more than the nation’s industrial average. High marketing expense added to food price.



From “China Grains Market Weekly Report”