Source: State Administration of Taxation
5.4 Plastic manufacturing industry
In recent years, China's plastic product industry has developed rapidly, whose overall level is getting closer to that in developed countries. But it is still facing up problems like high raw materials, lagged plastic mechanics, lack of self-discipline in some enterprises and outdated plastic product standard. Plastic product industry has seen a rapid growth in output, a sharp increase in main economic indexes, a growth of above-scale enterprises, a higher industry concentration and a larger and more intensified industry structure. China's plastic product industry bears obvious region features. Guangdong province focuses on plastic pipe and its fittings, plastic-cases and vessels, daily plastic products and other plastic products. Zhejiang province mainly develops plastic film, plastic artificial leather and synthetic leather. Jiangsu province focuses on foam plastics. Shandong province focuses on plastic sheeting for farm use and plastic knitting. Liaoning province focuses on plastic section materials, as No.1 in its output all through the country. China ranks the first in the world in plastic mechanics, but its prices are too low and the plastic tool and die technology is lagged behind. Domestic plastic mechanics manufacturing accounts for 70% in sales volume and 20% in sales revenue in domestic market.
In 2008, the total industrial output value of plastic manufacturing accounted for a large proportion of 10.26% in light industry output. China's plastic manufacturing industry includes plastic film manufacturing, plastic board, pipe and sectional material manufacturing, plastic thread, rope and knitting manufacturing, foam plastic manufacturing, plastic artificial leather and synthetic leather manufacturing, plastic packing-cases and vessels manufacturing, plastic part manufacturing, daily plastic manufacturing and other plastic product manufacturing.
Figure 5-19 Scale growth of plastic product manufacturing 2004-2008
Item
|
Jan.-Nov. 2008
|
2007
|
2006
|
2005
|
2004
|
Number of enterprises
|
16236
|
15376
|
13504
|
12041
|
12269
|
Average annual employees
|
22.3
|
22.4
|
20.1
|
18.3
|
17.5
|
Total asset (100 million)
|
6518
|
5967
|
5146
|
4432
|
3953
|
Total industrial output value (100 million yuan)
|
8742
|
8120
|
6381
|
5068
|
4190
|
Industrial sales revenue (100 million yuan)
|
8307
|
7944
|
6244
|
4952
|
4118
|
Contribution margin (100 million yuan)
|
343
|
402
|
271
|
216
|
175
|
Source: China National Light Industry Council
During 2004 to November 2008, the number of plastic product manufacturing enterprises increase from 12,269 to 16,236. The asset size increased from 395.3 billion yuan to 651.8 billion yuan. The industrial output value increased from 419 billion yuan to 874.2 billion yuan. The industrial sales value increased from 411.8 billion yuan to 830.7 billion yuan. The contribution margin increased from 17.5 billion yuan to 34.3 billion yuan.
Figure 5-20 Scale growth of plastic product manufacturing 2004-2008 Unit: 100 million RMB
Item
|
Jan.-Nov. 2008
|
2007
|
2006
|
2005
|
2004
|
Of which: plastic film manufacturing
|
1241
|
1201
|
970
|
823
|
684
|
Plastic board, pipe and sectional material manufacturing
|
1954
|
1680
|
1320
|
980
|
793
|
Plastic thread, rope and knitting manufacturing
|
945
|
823
|
603
|
430
|
328
|
Foam plastic manufacturing
|
458
|
447
|
325
|
244
|
229
|
Plastic artificial leather and synthetic leather manufacturing
|
485
|
465
|
392
|
308
|
257
|
Plastic packing-cases and vessels manufacturing
|
809
|
749
|
576
|
465
|
412
|
Plastic part manufacturing
|
840
|
857
|
742
|
618
|
522
|
Daily plastic manufacturing
|
924
|
936
|
748
|
631
|
538
|
Other plastic product manufacturing
|
1085
|
963
|
705
|
569
|
428
|
Source: China National Light Industry Council
Plastic film manufacturing industry generated a total output value of 68.4 billion yuan in 2004 and 124.1 billion yuan in the first 11 months in 2008. The output of plastic thread, rope and knitting manufacturing reached 32.8 billion yuan in 2004 and 94.5 billion yuan in the first 11 months in 2008. The output of foam plastic manufacturing reached 22.9 billion yuan in 2004 and 45.8 billion yuan in the first 11 months in 2008. The total industrial output value of plastic artificial leather and synthetic leather manufacturing industry was 25.7 billion yuan in 2004 and 48.5 billion yuan in the first 11 months in 2008. The output value of plastic packing-cases and vessels manufacturing, plastic part manufacturing, daily plastic manufacturing and other plastic product manufacturing was 80.9 billion yuan, 84.0 billion yuan, 92.4 billion yuan and 108.5 billion yuan respectively in the first 11 months in 2008.
Figure 5-21 Costs and expenses of plastic manufacturing industry 2004-2008
Item
|
Jan.-Nov. 2008
|
2007
|
2006
|
2005
|
2004
|
Sales costs (100million RMB)
|
7283.2
|
6803
|
5413
|
4336
|
3606
|
Year-on-year growth (%)
|
19.3
|
25.7
|
24.8
|
20.2
|
40.3
|
Management expenses (100million RMB)
|
293
|
292
|
245
|
200
|
213
|
Year-on-year growth (%)
|
17.7
|
18.9
|
22.6
|
-6.2
|
60.7
|
Financial expenses (100million RMB)
|
85
|
81
|
66
|
50
|
44
|
Year-on-year growth (%)
|
22.9
|
23.0
|
32.3
|
12.5
|
23.9
|
Source: China National Light Industry Council
The sales costs of food processing industry were 360.6 million yuan in 2004 and increased to 728.32 billion yuan in the first eleven months in 2008. The management expenses of this industry were 21.3 billion yuan in 2004 and increased to 29.3 billion yuan in the first eleven months in 2008. The financial expenses were 4.4 billion yuan in 2004 and increased to 8.5 billion yuan in the first eleven months. The year-one-year growth of sales costs, management expenses and financial expenses in the first 11 months in 2008 were 25.7%, 18.9% and 23.0% respectively.
Figure 5-22 Profit growth of plastic manufacturing industry 2004-2008 Unit: %
Item
|
Jan.- Nov. 2008
|
2007
|
2006
|
2005
|
2004
|
Asset growth ratio
|
12.5
|
15.9
|
16.1
|
12.1
|
33.6
|
Asset-liability
|
56.0
|
56.2
|
56.7
|
55.7
|
57.3
|
Profit growth ratio
|
33.2
|
48.3
|
25.7
|
23.4
|
33.6
|
Growth ratio of total industrial output value
|
21.7
|
27.3
|
25.9
|
20.9
|
36.8
|
Annual employee growth ratio
|
2.0
|
11.2
|
9.9
|
4.6
|
24.3
|
Source: China National Light Industry Council
The asset growth ratio of plastic manufacturing industry kept a rapid growth during 2004 to 2008, and peaked at 33.6% in 2004 and 12.5% in 2008. The asset-liability ratio maintained a steady change, which reached as high as 56.7% in 2005 and 56.0% in the first eleven months in 2008. The profit growth increased rapidly during 2005 to 2008 and reached 48.3% in 2007. The year-on-year growth kept as high 33.2% during the first 11 months when the world economics depressed and the domestic economic development slowed down. The annual employee growth ratio was 11.2% in 2007 and dropped sharply to 2.0% in the first 11 months in 2008.
Figure5-23 Major products output of plastic manufacturing industry 2004-2008
Item
|
Plastic product
|
Year-on
-year
increase or
decrease
|
Plastic
film
|
Year-on
-year
increase or
decrease
|
Plastic board, piece and sectional materials
|
Year-on
-year
increase or decrease
|
Plastic thread
and
knitting
|
Year-on
-year
increase or decrease
|
(10,000 ton)
|
(%)
|
(10,000
ton)
|
(%)
|
(10,000
ton)
|
(%)
|
(10,000 ton)
|
(%)
|
2008
|
3713.8
|
10.1
|
590.1
|
-3.6
|
35.7
|
11.9
|
47.7
|
25.3
|
2007
|
3302.3
|
14.5
|
605.1
|
12.4
|
34.5
|
14.6
|
40.4
|
31.5
|
2006
|
2801.9
|
18.7
|
528.7
|
8.3
|
30.8
|
20.6
|
30.1
|
18.7
|
2005
|
2198.5
|
12.9
|
442.2
|
14.9
|
23.7
|
13.2
|
23.7
|
23.9
|
2004
|
1846.6
|
12.0
|
365.9
|
12.6
|
16.9
|
10.5
|
20.2
|
11.1
|
Item
|
Plastic artificial leather
|
Year-on-year increase or decrease
|
Plastic synthetic leather
|
Year-on-year increase or decrease
|
Foam plastics
|
Year-on-year increase or decrease
|
Daily plastic product
|
Year-on-year increase or decrease
|
(10,000 ton)
|
(%)
|
(10,000 ton)
|
(%)
|
(10,000 ton)
|
(%)
|
(10,000 ton)
|
(%)
|
2008
|
11.8
|
6.7
|
6.6
|
10.3
|
17.1
|
3.7
|
40.8
|
12.7
|
2007
|
10.5
|
18.0
|
6.2
|
19.0
|
13.8
|
11.7
|
37.1
|
16.1
|
2006
|
8.4
|
8.2
|
5.3
|
7.1
|
11.3
|
11.3
|
30.2
|
11.1
|
2005
|
6.7
|
7.2
|
5.1
|
9.6
|
11.1
|
14.9
|
33.2
|
5.6
|
2004
|
6.6
|
27.2
|
3.5
|
16.2
|
8.6
|
-0.2
|
22.5
|
13.2
|
Source: China National Light Industry Council
The total industrial output value of plastic product was 18.466 million ton in 2004, up by 12.0% on a year-on-year basis and 37.14 million ton in 2008, up by 10.1% on a year-on-year basis. In 2008, the plastic film output was 5.901 million ton, down by 3.6% on a year-on-year basis; the plastic board, piece and sectional materials output was 357,000 ton, up by 11.9% on a year-on-year basis; the plastic thread and knitting output was 477,000 ton, up by 25.3% on a year-on-year basis; the plastic artificial leather output was 118,000 ton, up by 6.7% on a year-on-year basis; the plastic synthetic leather output was 66,000 ton, up by 10.3% on a year-on-year basis; the foam plastic leather was 171,000 ton, up by 3.7% on a year-on-year basis; the daily plastic product output was 408,000 ton, up by 12.7% on a year-on-year basis. Plastic manufacturing industry saw a sharp decline in year-on-year growth in 2008.
China's top 50 plastic manufacturing enterprises in 2007 are as follows:
Figure5-24 China's top 50 plastic manufacturing enterprises in 2007
Rank
|
Region
|
Name of enterprise
|
Tax(10,000 RMB)
|
1
|
Sichuan
|
Sichuan Yibin PUSH Group Co., Ltd.
|
15334
|
2
|
Hubei
|
SiBao(Wuhan) Fine Chemicals Co., Ltd.
|
11565
|
3
|
Xinjiang
|
Xinjiang Tianye Co., Ltd.
|
9346
|
4
|
Henan
|
Luohe Huaqiang Plastic Cement Co., Ltd.
|
8977
|
5
|
Shanghai
|
Shanghai Zijiang Enterprise Group Co., Ltd.
|
7005
|
6
|
Guangdong
|
Perlos (Guangzhou) Engineering Plastics Co., Ltd.
|
6646
|
7
|
Anhui
|
Wuhu CONCH Profiles and Science Co., Ltd.
|
5986
|
8
|
Shanghai
|
Shanghai Baite Medical Product Co., Ltd.
|
5777
|
9
|
Guangdong
|
Foshan Plastics Group Co., Ltd.
|
5741
|
10
|
Hubei
|
Hubei Kaile New Material Science and Technology Co.,Ltd.
|
4883
|
11
|
Guangdong
|
Dongguan Long Bridge Plastics Co., Ltd.
|
4862
|
12
|
Guangdong
|
Zhuhai Mingxiang Auto Industry Co., Ltd.
|
4479
|
13
|
Tianjin
|
Ri Xin (Tianjin) Plastics Co., Ltd.
|
4422
|
14
|
Guangdong
|
Foshan DuPont Teijin Films Co., Ltd.
|
4242
|
15
|
Guangdong
|
Guangdong Rongtai Chemical Factory
|
4052
|
16
|
Jiangsu
|
Jiangnan Mould Plastics Group Co., Ltd.
|
3898
|
17
|
Zhejiang
|
Zhejiang Yonggao Plastic Industry Development Co., Ltd.
|
3871
|
18
|
Ningbo
|
Ningbo Xinqiao Chemical Co., Ltd.
|
3712
|
19
|
Guangdong
|
Essel (Guangzhou) Packaging Co., Ltd.
|
3581
|
20
|
Zhejiang
|
Hangzhou Shunfa Packaging Co., Ltd.
|
3412
|
21
|
Zhejiang
|
Zhejiang Great Southeast Packaging Co., Ltd.
|
3299
|
22
|
Guangdong
|
Guangdong Liansu Science & Technology Industry Co., Ltd.
|
3232
|
23
|
Zhejiang
|
Zhejiang Zhongcai Pipes Science and Technology Co., Ltd.
|
3137
|
24
|
Zhejiang
|
Zhejiang Euro-Asia Film Material Co., Ltd.
|
3004
|
25
|
Hebei
|
Hebei Yada Auto Plastic Manufacturing Co., Ltd.
|
2909
|
26
|
Sichuan
|
Sichuan Yibin Pushi Group 3d Co., Ltd.
|
2731
|
27
|
Jiangsu
|
Nanjing Yangzi Plastic Chemical Co., Ltd.
|
2640
|
28
|
Jiangsu
|
Nan Ya Plastics (Nantong) Corp., Ltd.
|
2609
|
29
|
Jiangsu
|
Yihua Toray Polyester Film Co., Ltd.
|
2564
|
30
|
Jiangsu
|
Jiangyin Zhongda Soft Plastic New Material Co., Ltd.
|
2495
|
31
|
Hebei
|
Tangshan Hailuo Profile Liability Co., Ltd
|
2477
|
32
|
Shanghai
|
Shanghai Yingji Electronic Plastic Co., Ltd.
|
2462
|
33
|
Guangdong
|
Xinsong Plastics (Dongguan) Co., Ltd.
|
2439
|
34
|
Guangdong
|
Dongguan Jinsheng Plastics Co., Ltd.
|
2416
|
35
|
Shenzhen
|
Shenzhen Beauty Star Co., Ltd.
|
2375
|
36
|
Henan
|
Luohe Tianrun Color Printing & Packaging Co., Ltd.
|
2230
|
37
|
Guangdong
|
Dongguan Guangze Auto Ornament Co., Ltd.
|
2224
|
38
|
Henan
|
Luohe Shuanghui New Material Co., Ltd.
|
2204
|
39
|
Henan
|
Luohe Lianbang Chemical Co., Ltd.
|
2149
|
40
|
Shanghai
|
Shanghai Plastic Wire Factory Co., Ltd.
|
2060
|
41
|
Hebei
|
Hebei Huierxin New Material Co., Ltd.
|
2044
|
42
|
Jiangsu
|
Technoform Bautec (Suzhou) Thermal Insulation Materials Co., Ltd.
|
2041
|
43
|
Jiangsu
|
Sekisui S-LEC (Suzhou) Co., Ltd.
|
2033
|
44
|
Beijing
|
Beijing Dongming XingYe Science Technology Co., Ltd.
|
1998
|
45
|
Qingdao
|
Qingdao Household Appliance Technological Equipment Institute
|
1975
|
46
|
Jiangsu
|
Suzhou Mainetti Plastic Products Ltd.
|
1922
|
47
|
Jiangsu
|
DSM Engineering Plastics (Jiangsu) Co., Ltd.
|
1922
|
48
|
Xiamen
|
Intex Industries(XiaMen)Co., Ltd.
|
1919
|
49
|
Tianjin
|
Tianjin Lejin New Building Material Co., Ltd.
|
1912
|
50
|
Qingdao
|
Qingdao Haixin Plastics Co., Ltd.
|
1884
|
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