Analysis of the economic operation of the non-woven fabric industry from January to April 2016

1. The production, operation and profitability of the non-woven fabric industry. From the perspective of the production, operation and profitability of the non-woven fabric industry, the gross profit margin of the non-woven fabric industry from January to April 2016 was 11.88%, and the three expense ratio (the sum of operating, management and financial expense rates) The profit rate is 7.58%, and the profit rate is 5.74%. If the impact of non-recurring gains and losses is excluded, the nominal pre-tax profit rate is 4.29%; the industry’s inventory ratio is 7.93%, indicating that product sales are normal; the export ratio is 14.77%, indicating the export status Good; the industry has a loss of 12.70%. It can be seen that in the non-woven fabric industry, the production and operation conditions are operating well. Table 1 Non-woven fabric industry production, operation and profitability, annual and monthly gross profit margin, three fee ratio, profit margin, non-recurring profit and loss ratio, inventory ratio, loss ratio %%%%%%%% (%) 2016.0311.226.995.90-1.6727.4315.1314. 012016.0411.197.315.75-1.8730.4214.1412.702016.1-411.887.585.74-1.447.9314.7712.702. The production and sales connection and asset operation of the non-woven industry. From the perspective of the production and sales connection, the production and sales rate of the non-woven industry from January to April 2016 96.29%, indicating that the industry’s product sales are in good condition; accounts receivable turnover rate (main operating income/net accounts receivable) is 3.29 times; accounts receivable operating cycle (120 days/accounts receivable turnover) Rate) is 36.47 days. The more accounts receivable turnover, or the fewer accounts receivable turnover days, the smoother the channel to realize profits. From the perspective of asset operation, the total asset turnover rate (main business income/asset total) of the non-woven fabric industry was 0.57 from January to April 2016, and the total asset operation cycle (120 days/total asset turnover rate) was 208.71 days. The more asset turnover times, or the fewer total asset turnover days, the higher the asset utilization efficiency. The asset-liability ratio of the non-woven fabric industry from January to April 2016 was 47.20%, indicating that the operation of financial policies was relatively stable; the return on net assets was 6.25%, indicating that the industry's net asset operation efficiency was relatively high. Table 2 Production and sales connection and asset operation of the non-woven fabric industry Annual and monthly production and sales rate Accounts receivable turnover rate Accounts receivable operating cycle Total asset turnover rate Total assets operating cycle Asset-liability ratio Net asset return rate% Next day Next day%% 2016.0396.560.9531.590.16186.3847.141.802016.0496.030.8535.100.15200.9047.201.632016.1-496.293.2936.470.57208.7147.206.253. Changes in short-term debt solvency and liquidity of the non-woven industry From the perspective of changes in short-term debt solvency and liquidity, non-woven The current ratio of the cloth industry (current assets/current liabilities) from January to April 2016 was 2.75 times, compared with 2.72 times in the same period of the previous year. The current ratio is relatively high, indicating that companies have strong short-term debt solvency; from the quick ratio ((current assets) －Inventory)/current liabilities), the non-woven fabric industry was 2.02 times, compared with 1.92 times in the same period of the previous year. The quick ratio is relatively high, indicating that the liquidity of the company's current assets is relatively strong without considering the inventory; From the change of cash ratio ((monetary funds + short-term investment)/current liabilities), the non-woven fabric industry was 0.77 times, compared with 0.77 times in the same period of the previous year. The cash ratio is relatively high, indicating that the inventory and accounts receivable are not considered Under the circumstances, the short-term solvency of the enterprise is more secure. It can be seen that in the non-woven fabric industry, companies have relatively better short-term debt repayment and liquidity capabilities. Table 3 Non-woven fabric industry short-term debt servicing and liquidity changes Year-on-month current ratio Current ratio Last year's quick ratio Quick ratio Last year's cash ratio Cash ratio last year times times times times times times times 2016.032.782.752.071.950.860.832016.042.752.722.021. 920.770.772016.1-42.752.722.021.920.770.774. Comparison of the average size of non-woven fabric enterprises From the comparison of the average size of enterprises, the average output value of non-woven fabric enterprises from January to April 2016 was 49.8271 million yuan, which is the average of the textile industry The average enterprise asset is 81.16 million yuan, 0.74 times the average of the textile industry; the average main operating income of the enterprise is 46.662 million yuan, 0.81 times the average of the textile industry; the average profit of the enterprise is 2.678 million yuan, It is 0.95 times the average of the textile industry; the average export delivery value of enterprises is 7,078,700 yuan, which is 1.34 times the average of the textile industry; the average number of enterprises is 127, which is 0.61 times the average of the textile industry. It can be seen that in the non-woven fabric industry, the average size of enterprises is lower than that of the textile industry. Table 4 Comparison of the average size of enterprises in the non-woven fabric industry from January to April 2016. Average output value of industry enterprises. Average assets. Average main business income. Average profits. Average export delivery value. Average number of enterprises (ten thousand yuan) (ten thousand yuan) (ten thousand) Yuan) (ten thousand yuan) (ten thousand yuan) (person) non-woven fabric 4982.718115.734666.19267.80707.87127 textile industry 5889.1710946.015756.85282.92526.85207 than textile industry 0.850.740.810.951.340.615 per capita scale of non-woven fabric industry. In comparison, the per capita output value of the non-woven fabric industry from January to April 2016 is 392,500 yuan, which is 1.38 times the average of the textile industry; the per capita assets of the industry are 639,300 yuan, which is 1.21 times the average of the textile industry; The main business income is 367,600 yuan, which is 1.32 times the average of the textile industry; the industry’s per capita profit is 21,100 yuan, which is 1.54 times the average of the textile industry; the industry’s per capita export delivery value is 55,800 yuan, which is the textile industry 2.19 times the industry average. This shows that in the non-woven fabric industry, the per capita scale of the industry is slightly higher than the average level of the textile industry. Table 5 Comparison of per capita scale of non-woven fabric industry from January to April 2016 Per capita output value per capita asset per capita main income per capita profit per capita export delivery value (ten thousand yuan) (ten thousand yuan) (ten thousand yuan) (ten thousand yuan) (ten thousand yuan ) Non-woven fabric 39.2563.9336.762.115.58 Textile industry 28.4852.9327.841.372.55 than textile 1.381.211.321.542.19