Monthly analysis of the economic situation of China's food industry, January to July 2018

By CnAgri2018-09-12 14:08:26 Print According to data from the National Bureau of Statistics, from January to July 2018, the operating income of food enterprises (excluding tobacco, the same below) above designated size in the country decreased 23.67%, and while the operating revenue of all industrial enterprises fell by 13.36%. The added value of food industry decreased 13.92%, and all industrial enterprises saw a decline of 2.83% in value added. As for total profit, food industry experienced a decrease of 22.00%, and all industries dropped by 8.10%. Since the fourth quarter of 2017, the sales revenue, added value and profit of food enterprises above designated size have fallen sharply according to BOABC’s historical data.
1 The number of enterprises: up to the end of July, there were 40,228 food enterprises above designated size, down 4.43% from the previous year. The number of agricultural product processing enterprises decreased 3.73%, and the total number of industrial enterprises dropped by 1.57%. The number of enterprises above designated size in food industry accounted for 10.79% of the total number of industrial enterprises and 38.73% of the total number of agricultural enterprises.
2 From the perspective of industry assets, as of the end of July, the total assets of food enterprises above designated size reached 6.1790 trillion yuan, down 5.06% from the previous year, accounting for 5.61% of the total assets of industrial enterprises nationwide. The total liabilities were 3.0415 trillion yuan, down 0.73% from the previous year, accounting for 4.88% of the total liabilities of all industrial enterprises. The asset liability rate of food enterprises  above designated size was 49.22% which is an increase of 2.14% over the previous year, accounting for 87.00% of that of all industrial enterprises.