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Status quo of home textile industry(Jan.―Sep.,2016)
From January to September last year, the home textile industry saw somewhat increase in overall operation year on year, presenting tend-tobe-good benefits, sharply falling investment, steady growth in domestic sales, export value decrease, and slightly increase in the export volume.
Overall performance
During the first three quarters of 2016, according to the National Bureau of Statistics, 1,830 above-designated home textile enterprises enjoyed the main business income of 193.478 billion yuan with an increase of 3.06% year on year, 2.16 percentage points higher over the same period in 2015 and 2.52 percentage points higher than the year of 2015.
The industry has been enjoying continuously improved benefits since the beginning of 2016, and profit growth is still higher than the growth in sales revenue, while production efficiency has also been greatly improved thanks to promoted technological progress and management. During the 9 months last year, the industry saw a total profit of 11.110 billion yuan with an increase of 7.08% year on year, up 3.67 percentage points over the same period of the previous year, while the profit margin grew by 0.4 percentage point year on year to 5.74%. The statistics show that the 16 industrial clusters and 230 enterprises witnessed improved efficiency, while the per capita total industrial output value grew steadily.
The data from National Bureau of Statistics show that from January to September, 2016, the statistical home textile enterprises achieved investment of 50.884 billion yuan, down 11.71% over the same period of the previous year, and the growth rate declined by 33.18 percentage points. Industrial investment growth fell sharply, except that the towel product manufacturing investment increased by 3.7% year on year, the other sub-sectors saw year-on-year decline in varying degrees.
During the first 9 months last year, 1,830 above-designated enterpr
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