Textile Machinery Saw Greater Increases in Profits Year on Year

Nov 14, 2011  |  by

January to April in 2011, the textile machinery industry saw total profits of 1.861 billion yuan, increasing 45.19% year on year; the overall operating performance of the industry presents a stable development momentum with a decline in gross profits. From January to May of this year, the cumulative total import and export value amounts to 3.209 billion USD, rising 51.39% over the same period of last year, in which the export value of textile machinery is 0.87 billion USD, up 39.12%, while the import value increased 56.53 year on year to 2.339 billion USD.

 

View of Numbers

 

29.932 billion yuan

Key Word: Sales

The industry-wide product sales revenue amounts to 29.932 billion yuan, increasing 34.58% year on year.

 

1.861 billion yuan

Key Word: Profits

     Profits are totaled 1.861 billion yuan, rising 45.19% over the same period of last year.

 

75.062 billion yuan

Key Words: Total assets

    The total assets are 75.062 billion yuan with a year-on-year increase of 26.48%.

 

12.516 billion yuan

Key Words: Key enterprises

    The industrial output of key enterprises is 12.516 billion yuan, growing 41.64% compared to the same period of last year.

 

From January to April this year, the textile machinery industry achieved sales revenue of 29.932 billion yuan, a year-on-year increase of 34.58% as well as a growth of 3.91% compared to the last month; the assets are totaled 75.062 billion yuan, growing 26.48% over the same period of last year as well as a month-on-month increase of 7.58%; the number of enterprises is 673 with an reduction of seven than March; the average number of employees is 129.5 thousand with an increase of 8.21% compared to the same period of last year.

 

Booming in Production and sales

Cost growth is accelerated

From January to April, the industrial sales output value of textile machinery industry increased 32.96% to 29.728 billion yuan, while the production and sales rate is 97.04% with a year-on-year decrease of 0.03 percentage points, and the finished products account for 3.530 billion yuan, rising 10.48% over the same period of last year.

 

During the same period, the total costs of textile machinery industry reach 27.727 billion yuan, up 33.32% year on year. Specifically speaking, costs of product sales amount to 25.166 billion yuan, rising 33.38% year on year as well as a month-on-month increase of 4.88%, and the costs of product sales account for 90.76 of the total; the operating expenses are 0.751 billion yuan, a year-on-year growth of 30.14% as well as a month-on-month decrease of 19.20%, and the product sales expenses account for 2.70% of the total; management expenses increase 31.55% year on year and 10.87% month on month to 1.50 billion yuan, which takes 5.41% of the total; the finance costs increase 46.25% over the same period of last year and rise 49.75% compared to the last month to 0.311 billion yuan which account for 1.12% of the total. It can be seen that textile machinery industry is experiencing an accelerated growing trend in terms of costs.

 

January to April in 2011, the textile machinery industry saw total profits of 1.861 billion yuan, increasing 45.19% year on year. The amount of loss in loss-making enterprises rises 19.49% year on year to 0.109 billion yuan; the loss-making percentage is 11.29%, decreasing 0.18 percentage points; loss of depth is 5.86%.

 

The overall operating performance of the industry presents a stable development momentum with a decline in gross profits which is mainly due to the increased costs in raw material as well as use of work force.

 

Strong provinces enjoy faster development

Profits in Jiangsu, Zhejiang, and Shandong provinces account for 72.02% of the total in China

 

Jiangsu, Shandong, and Zhejiang are the main provinces in manufacturing textile machinery in China. January-April, 2011, the three provinces achieved sales revenue of 9.450, 6.433, and 3.662 billion yuan respectively, the total of which takes up 65.30% of the total in the country.

 

From January to April in 2011, the profits of textile machinery are totaled 1.861 billion yuan, in which the three provinces respectively enjoy 0.663, 0.352, and 0.325 billion yuan. And the cumulative total value of profits in the three provinces accounts for 72.02% in China.

 

January to April in 2011, the amount of loss in the textile machinery industry is 0.109 billion yuan, rising 19.49 over the same period of last year, and the loss-making percentage is 11.29%, while Liaoning, Hebei, and Anhui provinces see more severe losses with over 20.00% loss-making percentage. 

 

Foreign trade sees 51.39% cumulative growth

Knitting equipment import and export ranks the first

According to statistics from customs, China’s textile machinery imports and exports rose sharply from January to May this year. Specifically, China’s total import and export from January to May amounted to 3.209 billion USD, an increase of 51.39% over the same period of last year. Textile machinery exports are 0.870 billion USD, rising 39.12% year on year; the imports are 2.339 billion USD, growing 56.53% year on year.   

The knitting machinery export value increased 53.96% year on year to 0.269 billion USD, accounting for 30.93%, ranking first, followed by the auxiliary devices and accessories, dyeing and finishing machinery, spinning machinery, chemical fiber machinery, looms, non-woven fabric machinery and weaving preparation machinery, in which the non-woven fabric machinery enjoyed the biggest increase of 141.23% year on year.  

China has exported textile machinery to 151 countries and regions, in which India, Japan, Bangladesh, Indonesia and Pakistan are the top five, accounting for 51.36% of the export value. Total value of textile machinery exported to India jumped 77.91% year on year to 0.215 billion USD, accounting for 24.73% of the total.

As for the imports, January to May in 2011, China’s imported textile machinery from 53 countries and regions amounted to 2.339 billion USD, an increase of 56.53% over the same period of last year.

According to the imported product categories, the knitting machinery ranked first, with total value of 0.570 billion USD, increasing 41.92% year on year, accounting for 24.36% of the total; the weaving preparation machinery saw a considerably growth of 128.93% over the same period of last year.

The top five countries and regions of textile machinery imports from January and May in 2011 are Japan, Germany, Italy, Switzerland, and China Taiwan. The total value increased 60.31% year on year to 1.983 billion USD, accounting for 84.77% of the total. Textile machinery imported from Japan increased 64.94% year on year to 0.749 billion USD, ranking first.

2020.12   

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