| Key figures of China's textile machinery industry in first 11 months of 2009 |
The overall industry
• Product sales revenue: RMB 57.388 billion, up 11.65% from the previous year (Note: percentages of yearly change below are compared to same period of the previous year)
• Total assets: RMB 60.737 billion in (+7.59%)
• Number of enterprises: 1,030 (+ 57 from the previous year)
Production and sales
• Total industrial output: RMB 57.660 billion (+12.61%)
• Industrial sales value: RMB 56.898 billion (+13.61%)
• Production/sales ratio: 97.82%
Costs
• Total cost and expenses of the textile machinery industry:
RMB 54.822 billion (+10.57%)
• Cost of goods sold: RMB 49.801 billion (+11.51%)
Profits
• Total profit: RMB 2.451 billion (+RMB 512 million from previous year)
• Loss of loss-suffering enterprises: RMB 676 million
(+RMB152 million)
• Percentage of loss-suffering enterprises was 17.57% (unchanged)
Performances
Growth
• Decline in overall growth capacity
• Sales revenue rose 11.65%
• Total assets value increased 7.59%
Profit
• Gross profit margins: 15.23% (+0.14%)
• Sales margins: 4.27% (+0.5%)
Debt
• Asset to liability ratio: 59.16% (+0.71%)
Operations
• Total assets turnover ratio: 1.00, up 0.06
Investment
• Fixed asset investment: RMB 4.012 billion (+4.2%)
Some notes on textile machinery import and export
• Declines in textile machinery exports; demand at home and abroad was inadequate
• Decreasing rates of textile machinery exports are narrowing
• Recovery is infirm. Affected by the economic downturn, consumers have adjusted their purchases and savings. Rising trade protectionism.
• Total import and export of textile machinery: US$3.373 billion (-32.54%)
• Export: US$1.074 billion (-27.21%)
• Import: US$2.299 billion (-34.77%)
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