China Food Industry’s Performance in Jan. ~ Aug. 2013

By CnAgri2013-10-30 11:13:23 Print The food industry’s assets registered RMB4.683 trillion at the end of Aug., of which RMB2.58 trillion were liquid assets, accounting for 5.84% and 6.57% of the nation’s industrial total respectively. The food industry’s debt ratio was 51.81%. Its quick ratio was 55.08%, more than the nation’s industrial average by 13%. The food industry’s liquid assets and total assets increased 18% and 19.3% respectively in Aug. on the year-on-year basis, above the nation’s industrial average level of 11.4% and 13.7%.
 
The food industry’s revenue and profit from kernel business were RMB5.771 trillion and RMB345.74 billion respectively in Jan. ~ Aug., accounting for 8.95% and 9.92% of the nation’s industrial total respectively. The food industry’s tax payment was RMB179.99 billion in the meantime, 6.67% of the nation’s industrial total.
 
The food industry’s profit ratio was 5.99% in Jan. ~ Aug., 11% more than the nation’s industrial average. The food industry’s ratio of profit + tax payment against its total assets was 11.22%, more than the nation's industrial average by 46%.
 
The food industry’s liquid asset turnover and total asset turnover were 2.24 times and 1.23 times respectively in Jan. ~ Aug., 36% and 53% more than the nation's industrial average respectively, suggesting the food industry’s noticeable profitability, conducive to the absorption of investment.
 
The food industry’s total cost of production was RMB5.516 trillion in Jan. ~ Aug., of which RMB4.907 trillion were the cost of kernel business, accounting for 8.81% and 8.86% of the nation's industrial total respectively. The food industry’s marketing expense, management expense and financial expense added up to RMB428.47 billion, 9.48% of the nation's industrial total. Of its financial expense, RMB40.82 billion were bank loan interests, 5.68% of the nation's industrial total.
 
The food industry’s marketing expense accounted for 4.31% of its cost of kernel business, 73% more than the nation's industrial average. Its management expense and financial expense accounted for 2.68% and 0.78% of the cost of kernel business, 24% and 35% less than the nation's industrial average respectively.
 
The food industry attained a profit of RMB45.71 billion in Aug., a growth of 11.49% on the year-on-year basis, below the growth rate of the nation's industrial average. The food industry’s profit rate was 5.89% in Aug., slightly more than the month before.





From “China Grains Market Weekly Report”