Industry Data: Economic Operation Analysis Of China'S Textile Machinery Industry From January To July

　　 one   Production, operation and profitability of textile machinery industry

From the perspective of production, operation and profitability of enterprises, the gross profit rate of textile machinery industry from January to July 2021 is 15.03%, the ratio of three fees (the sum of operating, management and financial expense rates) is 11.81%, and the profit margin is 5.39%. If the impact of non recurring profit and loss is excluded, the nominal pre tax profit margin is 3.23%; The inventory ratio of the industry is 11.45%, indicating that the product sales are normal; The export proportion is 6.95%, indicating that the export situation is good; The loss area of the industry was 24.01%. It can be seen that in the textile machinery industry, the production and operation situation is operating well.

　　 2. Production and marketing linkage and asset operation of textile machinery industry

From the perspective of production and marketing convergence, the production and sales rate of textile machinery industry from January to July 2021 is 96.97%, which indicates that the product sales situation of the industry is good; The turnover rate of accounts receivable (operating income / net receivables) was 3.10 times; The operating cycle of accounts receivable (210 days / accounts receivable turnover rate) is 67.82 days. The more the accounts receivable turnover times are, or the fewer the accounts receivable turnover days are, the more smooth the channel to realize profits is.

From the perspective of asset operation, the total asset turnover rate (operating income / total assets) of textile machinery industry is 0.52 times from January to July 2021, and the total asset operation cycle (210 days / total asset turnover rate) is 405.00 days. The more the total asset turnover times or the less the total asset turnover days, the higher the asset utilization efficiency.

The asset liability ratio of textile machinery industry is 57.98% from January to July 2021, which indicates that the operation of financial policy is relatively stable; The return on net assets is 6.65%, which indicates that the net assets operation efficiency of the industry is high.

　　 3. Changes in short-term solvency and liquidity of textile machinery industry

From the changes of short-term debt repayment and liquidity, the current ratio (current assets / current liabilities) of textile machinery industry from January to July 2021 is 2.82 times, while that of the same period of last year is 2.69 times. The current ratio is relatively high, indicating that the enterprise has strong short-term solvency;

From the change of quick ratio ((current assets inventory) / current liabilities), the textile machinery industry is 2.10 times and 2.00 times in the same period of last year. The quick ratio is relatively high, which indicates that the liquidity of enterprise's current assets is strong without considering inventory;

From the change of cash ratio ((monetary capital + short-term investment) / current liabilities), the textile machinery industry was 1.12 times, compared with 1.10 times in the same period of last year. The high cash ratio indicates that the short-term solvency of the enterprise is relatively guaranteed without considering the inventory and accounts receivable. Therefore, in the textile machinery industry, the short-term solvency and liquidity of enterprises are relatively good.

　　 Comparison of average scale of textile machinery enterprises

From the comparison of the average size of enterprises, the average output value of textile machinery enterprises from January to July in 2021 is 70.3286 million yuan, which is 0.23 times of the average of automobile manufacturing industry; The average assets of the enterprise is 136.22 million yuan, which is 0.26 times of the average of the automobile manufacturing industry; The average business income of the enterprise is 70.635 million yuan, which is 0.23 times of the average of the automobile manufacturing industry; The average profit of the enterprise is 3.8069 million yuan, 0.19 times of the average of the automobile manufacturing industry; The average export delivery value of the enterprise is 4.7319 million yuan, which is 0.29 times of the average value of the automobile manufacturing industry; The average debt of the enterprise is 78.98 million yuan, which is 0.26 times of the average of the automobile manufacturing industry. Thus, in the textile machinery industry, the average size of enterprises is lower than that of automobile manufacturing industry.

　　 5. Comparison of per capita scale of textile machinery industry

From the comparison of industry per capita scale, the per capita output value of textile machinery industry from January to July 2021 is 641500 yuan, which is 0.53 times of the average of automobile manufacturing industry; The per capita assets of the industry are 1242600 yuan, 0.61 times of the average of the automobile manufacturing industry; The per capita operating income of the industry was 644300 yuan, 0.54 times of the average of the automobile manufacturing industry; The per capita profit of the industry was 34700 yuan, 0.45 times of the average of the automobile manufacturing industry; The per capita export delivery value of the industry was 43200 yuan, 0.67 times of the average of the automobile manufacturing industry; The per capita debt of the industry is 720400 yuan, 0.60 times of the average of the automobile manufacturing industry. Thus, in the textile machinery industry, the per capita size of the industry is lower than the average level of the automobile manufacturing industry.

(source: China Textile Machinery Association)