Analysis of Economic Operation of Textile Machinery Industry from January to July in 2010

1. Production, operation, and profitability of the textile machinery industry <br> From the perspective of the company's production and operation and profitability, the gross margin of the textile machinery industry in January-July 2010 was 15.29%, and the tri-rate ratio (sum of operating, management, and financial expense ratios) ) is 8.32%, and the profit rate is 5.90%. If the effect of non-recurring gains and losses is excluded, the nominal pre-tax profit rate is 6.97%; the industry's inventory ratio is 7.37%, indicating that the product sales are normal; the export ratio is 7.57%, indicating that exports The situation is good; the industry's loss was 11.94%. From this we can see that in the textile machinery industry, the production and operation status has worked well.
Table 1 Production and operation and profitability of the textile machinery industry Month/month gross margin Three-fee ratio Profit margin Non-recurring profit and loss rate Inventory proportion Export ratio Loss% % % % % % % (%) 2010.06 15.74 7.92 5.91 1.92 43.14 7.67 12.55 2010.07 15.74 7.92 5.91 1.92 43.31 7.67 11.94 2010.1-7 15.29 8.32 5.9 1.08 7.37 7.57 11.94

2. Production and sales connection and asset operation of the textile machinery industry <br> From the perspective of the connection between production and sales, the production and sales ratio of the textile machinery industry in January-July 2010 was 96.80%, indicating that the industry's product sales were in a better condition; account receivable turnover rate. 5.11 times; accounts receivable operating cycle (210 days/receivables turnover rate) is 41.10 days, the more account receivable turnovers, or the fewer receivable accounts turnover days, indicates the channel to achieve profit More smooth.
From the perspective of the operation of assets, the total asset turnover rate of the textile machinery industry was 0.71 in January-July 2010, and the total asset operating cycle (210 days/total asset turnover rate) was 294.40 days. The total number of asset turnovers increased, or total assets The smaller the number of working days, the higher the efficiency of asset utilization.
In the textile machinery industry, the asset-liability ratio was 59.22% from January to July 2010, indicating that the operation of the financial policy was relatively stable; the return on net assets was 13.46%, indicating that the industry's net assets were operating more efficiently.
Table 2 Production and Sales Linkage of the Textile Machinery Industry and Asset Operation Years/Months Production/Sales Rates Accounts Receivable Turnover Rates Accounts Receivable Operating Cycle Total Assets Turnover Total Assets Operating Cycle Asset-to-Liability Ratio ROE% % of the Day Next Day % 2010.06 95.55 0.88 33.9 0.12 243.81 59.06 1.49 2010.07 95.55 0.87 34.48 0.12 246.94 59.22 1.46 2010.1-7 96.8 5.11 41.1 0.71 294.4 59.22 13.46

3. Investment in Fixed Assets in the Textile Machinery Industry <br> According to the data released by the National Bureau of Statistics, the actual amount of investment in the textile machinery industry from January to July 2010 was 4.03 billion yuan, an increase of 12.71% year-on-year; the total number of construction projects so far this year It was 165, a year-on-year decrease of 5.17%; among them, 100 new projects were started, an increase of 25.00% over the same period of last year; as of the end of July, 38 completed projects were completed, a year-on-year decrease of 15.56%, accounting for 23.03% of the total number of construction projects, indicating that Industry investment projects are progressing well.
Table 3 Fixed assets investment in the textile machinery industry Actual completion of investment construction projects Number of newly started projects Number of completion projects Year Month (10,000 yuan) (one) (one) (1) 38 Year-on-year (%) 12.71 -5.17 25 -15.56

4. Comparison of the average size of textile machinery enterprises <br> From the comparison of the average size of enterprises, the average output value of textile machinery enterprises from January to July in 2010 was 48,018,100 yuan, 1.02 times the average number of textile industry; the average assets of enterprises were 66.12 million. Yuan, which is 1.27 times the average of the textile industry; the average company's main income is 47.162 million yuan, which is 1.03 times the average of the textile industry; the average profit of the company is 2,780,500 yuan, which is 1.30 times the average of the textile industry; the average export of the enterprise The delivery value was 3.5203 ​​million yuan, which was 0.48 times the average of the textile industry; the average number of companies was 137, which was 0.75 times the average of the textile industry. It can be seen that in the textile machinery industry, the average size of enterprises is close to the average size of the textile industry.
Table 4 Textile machinery industry January-July 2010 Average company size Comparison Average industry output value Average enterprise assets Average enterprise average income Enterprise average profit Enterprise average export delivery value Average number of employees (million) (million) (million) ) (million) (million) (person) Textile Machinery 4801.81 6611.56 4716.17 278.05 352.03 137 Textile 4697.7 5215.12 4582.88 213.57 738.59 182 Than Textile 1.02 1.27 1.03 1.3 0.48 0.75

5. Comparison of per capita size of textile machinery industry <br> From the perspective of the comparison of the per capita size of the industry, the per capita output value of the textile machinery industry in January-July 2010 was 3.50 million yuan, 1.36 times that of the average textile industry; the per capita assets of the industry was 481,900. Yuan, which is 1.69 times the average of the textile industry; industry per capita main income is 343.7 thousand yuan, 1.37 times the average of the textile industry; industry per capita profit is 20,300 yuan, 1.73 times the average number of the textile industry; industry per capita exports The delivery value was RMB 25,700, which was 0.63 times the average of the textile industry. It can be seen that in the textile machinery industry, the per capita industry scale is higher than the average level of the textile industry.
Table 5 Textile machinery industry, January-July 2010 Per capita size comparison Industry per capita output value Average per capita assets per capita Main income per capita Profit per capita Export delivery value (million) (ten thousand yuan) (million) (million) (million) Textile machinery 35 48.19 34.37 2.03 2.57 Textile 25.76 28.6 25.13 1.17 4.05 than textile 1.36 1.69 1.37 1.73 0.63

6. New Product Development and Labor Productivity Level in Textile Machinery Industry <br> From the perspective of new product development and labor productivity level in the industry, the output value of new products in the textile machinery industry in January-July 2010 was 6.949 billion yuan, accounting for 4.12% of the textile industry. The output value of new products increased by 93.71% over the same period of last year; the ratio of new output of the industry (output value of new products/industrial output value) was 13.86%, compared with 11.76% in the same period of last year, indicating that the new product development status of the industry was better; from labor From the aspect of productivity, the average labor productivity (industrial value-added/employee number) in the textile machinery industry in January-July 2010 was RMB 87,100/person, compared with RMB 55,400/person in the same period of last year, indicating the labor productivity of the industry. The actual level is ideal.
Table 6 Textile Machinery Industry January-July 2010 New Product Development and Labor Productivity Level New Product Output Value New Product Output Value Last Year New Output Value Year-on-year New Output Ratio New Output Ratio Last Year Average Labor Output Average Labor Rate Last Year Million yuan % % Million yuan / person million yuan / person textile machinery 694945 358763 93.71 13.86 11.76 8.71 5.54 Textile all 16850416 12062476 39.72 6.64 6.12 5.85 4.61 Total 4.12% 2.97% 2.36 2.09 1.92 1.49 1.2