China Business Guide 中 国 商 务 指 南 2009 （The Light Industry）

Source: China National Light Industry Council

4.4.5 Operation performance

In February 2008, the product sales revenue growth of beverage manufacturing industry stood at 25.23%, down by 1.24 percentage point on a year-on-year basis. In November, the product sales revenue growth was 24.12%, down by 2.36 percentage points on a year-on-year basis. The sales revenue in this industry declined. In February 2008, the value-added ratio of capital maintenance was 118.65%, down by 3.54 percentage points on a year-on-year basis. In November, the ratio became 119.13%, up by 0.23 percentage point on a year-on-year basis. The asset-liability ratio of beverage manufacturing industry was 53.60% in February, and 52.48% in November, down by 0.43 percentage point on a year-on-year basis. In February 2008, the net amount growth rate of accounts receivable was 17.62%, down by 11.65 percentage points on a year-on-year basis. In November, the rate was 20.48%, down by 5.42 percentage points.

Figure4-24 Operation performance of beverage manufacturing industry Unit: 100 million RMB, %

Time	Sales revenue Growth rate	Year-on- year Increase or decrease	Value-added ratio of capital maintenance	Year-on- year increase or decrease	Asset- Liability ratio	Year- on-Year increase or decrease	net amount growth rate of accounts receivable	Year-on -year increase or decrease
2007-02	24.04	-5.04	115.11	4.10	53.60	0.09	29.27	25.86
2007-05	27.01	1.16	116.71	7.54	53.60	-0.33	26.76	21.38
2007-08	26.16	0.72	117.57	6.39	53.50	-0.13	29.04	20.50
2007-11	26.48	-0.73	118.90	5.82	52.91	-0.10	25.9	13.75
2008-02	25.23	1.19	118.65	3.54	53.60	0	17.62	-11.65
2008-05	25.77	-1.24	116.15	-0.56	54.07	0.47	20.01	-6.75
2008-08	26.03	-0.13	120.26	2.69	53.40	-0.1	17.09	-11.95
2008-11	24.12	-2.36	119.13	0.23	52.48	-0.43	20.48	-5.42

Source: China National Light Industry Council

4.4.6 Investment in fixed assets

The cumulative investment in fixed assets of beverage manufacturing industry in 2008 approached 87.51 billion yuan, up by 21.83% on a year-on-year basis. In February, the cumulative investment in fixed assets was 3.8 billion yuan, up by 39.71% on a year-on-year basis, the highest speed throughout the year. In June, the cumulative investment in fixed assets reached 35.67 billion yuan, up by 15.40% on a year-on-year basis which was relatively low. The investment in fixed assets of this industry in 2008 kept a growth rate around 2%.

Figure4-25 Investment in fixed assets of beverage manufacturing industry Unit: 100 million RMB, %

Time	Cumulative aggregate investment amount	Amount over the same period last year	Year-on-year increase
2008-02	38.0	27.2	39.71
2008-03	103.8	76.5	35.69
2008-04	160.7	126.5	27.04
2008-05	242.2	198.5	22.02
2008-06	356.7	309.1	15.40
2008-07	439.8	369.7	18.96
2008-08	506.0	425.3	18.97
2008-09	597.2	497.2	20.11
2008-10	679.3	554.0	22.62
2008-11	774.5	636.4	21.70
2008-12	875.1	718.3	21.83

Source of the date: China's National Bureau of Statistics

4.4.7 Production and sales by region

In 2008, Sichuan generated 71.595 billion yuan output value of beverage manufacturing industry, accounting for 12.57% of the industry’s total output, the highest in the country, up by 25.38% on a year-on-year basis. The total output value of Shandong was 61.613 billion yuan, accounting for 10.82%, up by 12.67% on a year-one-year basis. The total output value of food manufacturing industry was relatively large in Henan, Jiangsu, Zhejiang and Guangdong. The total output value and sales value of food manufacturing industry were small in Tibet, Qinghai, Ningxia and Hainan. In this year, Zhejiang ranked the first in China in sales-output ratio of 119.76%, followed by Beijing, Shanxi, Shandong and Ningxia. The ratio of Jilin was 73.18% as the lowest in China. Tibet, Xinjiang, Yunnan and Shanghai had a relatively low sales-output ratio.

Figure 4-26 Sales-output distribution of beverage manufacturing industry Unit: 100 million RMB, %

Region	Total industrial output value			Industrial sales value			Sales-output ratio
	Actual value	Year-on-year increase	Proportion	Actual value	Year-on-year increase	Proportion	%
China	5696.90	25.35	100	5541.98	24.12	100	97.28
Beijing	119.95	7.00	2.11	135.22	13.07	2.44	112.73
Tianjin	86.77	7.75	1.52	88.98	11.51	1.61	102.55
Hebei	190.43	27.61	3.34	172.55	20.72	3.11	90.61
Shanxi	56.79	-3.98	1.00	65.65	14.26	1.18	115.60
Inner Mongolia	97.16	29.07	1.71	93.46	33.15	1.69	96.19
Liaoning	184.30	34.99	3.24	170.01	41.13	3.07	92.25
Jilin	214.48	54.90	3.76	156.96	57.49	2.83	73.18
Heilongjiang	103.52	19.01	1.82	104.13	26.21	1.88	100.58
Shanghai	164.29	39.60	2.88	138.26	15.63	2.49	84.15
Jiangsu	367.86	15.46	6.46	352.41	14.03	6.36	95.80
Zhejiang	344.71	18.45	6.05	412.83	10.20	7.45	119.76
Anhui	162.62	23.46	2.85	150.56	22.79	2.72	92.58
Fujian	215.69	34.15	3.79	203.53	30.45	3.67	94.37
Jiangxi	86.79	40.14	1.52	87.05	48.04	1.57	100.29
Shandong	616.13	12.67	10.82	671.67	18.40	12.12	109.01
Henan	469.32	46.55	8.24	405.83	40.68	7.32	86.47
Hubei	286.26	37.85	5.02	268.37	43.92	4.84	93.75
Hunan	138.96	45.73	2.44	129.50	45.78	2.34	93.19
Guangdong	452.12	15.96	7.94	446.57	11.86	8.06	98.77
Guangxi	111.00	40.59	1.95	98.72	37.44	1.78	88.94
Hainan	24.43	12.71	0.43	24.20	5.19	0.44	99.04
Chongqing	58.40	38.02	1.03	56.41	30.65	1.02	96.59
Sichuan	715.95	25.38	12.57	725.39	32.36	13.09	101.32
Guizhou	134.79	47.36	2.37	111.18	28.11	2.01	82.48
Yunnan	47.24	-17.42	0.83	41.46	-21.64	0.75	87.76
Tibet	4.94	42.87	0.09	4.13	58.89	0.07	83.76
Shaanxi	133.92	20.88	2.35	125.70	15.48	2.27	93.86
Gansu	54.95	36.59	0.96	51.91	19.88	0.94	94.48
Qinghai	9.82	8.42	0.17	9.13	16.79	0.16	92.95
Ningxia	10.76	-11.77	0.19	11.71	35.53	0.21	108.79
Xinjiang	32.54	23.29	0.57	28.51	16.66	0.51	87.63

Source: China National Light Industry Council

4.5 Furniture manufacturing industry

4.5.1 Overall scale and distribution

In February 2008, there were 4,075 enterprises in furniture manufacturing industry, with 89,700 employees, a year-on-year growth of 8.37%. The total assets value reached 148.1 billion yuan, up by 12.1% on a year-on-year basis. The total indebtedness was 85.1 billion yuan, up by 14.27% on a year-on-year basis. In November 2008, there were 4,432 enterprises in furniture manufacturing industry with 92,100 employees, up by 0.61% on a year-on-year basis. The total assets value reached 173.0 billion yuan, up by 6.06% on a year-on-year basis. The total indebtedness was 99.8 billion yuan, up by 3.13% on a year-on-year basis.

In November 2008, the number of wood furniture manufacturing enterprises peaked at 2,763, accounting for 62.34% in furniture manufacturing industry. Medal furniture manufacturing enterprises were 959, accounting for 21.64%. The numbers of bamboo and cane furniture manufacturing and plastic furniture manufacturing enterprises were very small. Wood furniture manufacturing enterprises employed as many as 55,300 people in November, accounting for 60.04% of furniture industry, a year-on-year decrease of 1.63%. The number of employees of medal furniture manufacturing was 21,300, accounting for 23.13%, down by 1.38% on a year-on-year basis. The numbers of employees of bamboo and cane furniture manufacturing and plastic furniture manufacturing enterprises were 1,400 and 1,100, up by 6.56% and down by 4.61% on a year-on-year basis respectively.

The total assets of wood furniture manufacturing were the highest (99.0 billion yuan in November), accounting for 57.23% and up by 13.97% on a year-on-year basis. The proportion of the total assets value of medal furniture manufacturing was 23.7%. The proportion of bamboo and cane furniture manufacturing and plastic furniture manufacturing was 1.04% and 1.1% respectively. Wood furniture manufacturing had a heavy debt of 55.1 billion yuan, accounting for 55.21%, up by 9.78% on a year-on-year basis. Medal furniture manufacturing had a total debt of 24.7 billion yuan, accounting for 24.75%, up by 1.5% on a year-on-year basis. Bamboo and cane furniture manufacturing and plastic furniture manufacturing had a relatively low debt.

Figure4-27 Scale of furniture manufacturing industry Unit: 10,000 persons, 100 million yuan, %

Time	Number of enterprises	Employed persons	Year-on -year increase	Total assets value	Year-on -year increase	Debt	Year-on -year increase
2007-02	3478	7.52	8.8	1285	19.07	730	21.53
2007-05	3632	7.99	7.79	1383	22.07	797	25.6
2007-08	3736	8.38	7.81	1493	22.95	850	24.32
2007-11	3865	8.57	6.98	1601	22.64	924	24.26
2008-02	4075	8.97	8.37	1481	12.1	851	14.27
2008-05	4226	9.16	4.56	1590	11.3	912	10.71
2008-08	4323	9.17	2.78	1652	7.58	963	7.16
2008-11	4432	9.21	0.61	1730	6.06	998	3.13
Of which: wood furniture manufacturing	2763	5.53	1.63	990	13.97	551	9.78
Bamboo and cane furniture manufacturing	79	0.14	6.56	18	17.99	11	28.9
Medal furniture manufacturing	959	2.13	-1.38	410	8.65	247	1.5
Plastic furniture manufacturing	70	0.11	-4.61	19	14.8	11	7.26
Other furniture manufacturing	561	1.31	-0.48	293	-17.08	178	-12.61