China'S Textile Owners' Revenue Declined In 2018, And Profits Grew.

According to the National Bureau of statistics, the total profit of Industrial Enterprises above designated size increased by 10.3% over the previous year in 2018, and the growth rate slowed down by 1.5 percentage points over 1-11 months.

In 2018, in the 41 industrial sectors, 32 industries increased profits over the previous year.

The industries with the most new profits are mainly oil and natural gas extraction industry, the profit is 4.4 times higher than that of the previous year; the non-metallic mineral products industry increased by 43%; the ferrous metal smelting and calendering processing industry increased by 37.8%; the chemical raw materials and chemical products manufacturing industry increased by 15.9%; the liquor, beverage and refined tea manufacturing industry increased by 20.8%.

The total contribution of 5 industries to the profit growth of Industrial Enterprises above designated size is 77.1%.

Among them, the main business income of China's textile enterprises above Designated Size in 2018 was 27242 billion yuan, down 0.5% from the same period last year, and realized a profit of 126 billion 500 million yuan, an increase of 5.3% compared with the same period last year. The income of owners of textile, clothing and apparel business was 17107 yuan, an increase of 4.1% over the same period last year, and realized a profit of 100 billion 700 million yuan, an increase of 10.8% over the same period last year.

Chemical fiber manufacturing owners business income of 799 billion yuan, an increase of 12.4% over the same period, to achieve a total profit of 39 billion 400 million yuan, an increase of 10.3% over the same period last year.

In 2018, the structural reform of the supply side continued to push forward and the leverage ratio continued to decline.

Business efficiency has been improved, reflecting the positive effects of deleveraging and cost reduction.

At the end of 2018, the asset liability ratio of Industrial Enterprises above designated size was 56.5%, 0.5 percentage points lower than that of last year.

The cost of enterprises continues to decrease.

In 2018, the total cost and expenses of the above scale industrial enterprises in each 100 yuan main business income amounted to 92.58 yuan, a decrease of 0.18 yuan over the previous year. Among them, the cost per 100 yuan main business income was 83.88 yuan, reducing by 0.2 yuan.