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Hemp manufacturing sector able to beat slowdown
Jul '09
According to the National Bureau of Statistics, in the period January to May, China had 440 large hemp textiles and hemp product manufacturers, down 1.79 percent year-on-year, of which 96 were loss making concerns.

Hemp textile and hemp product manufacturing companies achieved a total income of 10.40 billion Yuan, an increase of 7.59 percent year-on-year in the same period.

Among them, main business income of hemp textile enterprises scored 8.72 billion Yuan, up 8 percent, while main business income of hemp product manufacturers fetched 1.67 billion Yuan, an increase of 5.49 percent.

The entire industry realized total profits of 326 million Yuan, a reduction of 28.36 percent year-on-year, of which hemp textile enterprises produced profits of 199 million Yuan, an increase of 5.43 percent; hemp product manufacturers produced profits of 128 million Yuan, a reduction of 52.20 percent year-on-year.

Total liabilities of the entire industry came to 12.45 billion Yuan, an increase of 0.76 percent year-on-year; among them, total liabilities of hemp textile enterprises marked 11.31 billion Yuan, an increase of 2.38 percent; total liabilities of hemp product manufacturers indicated 1.146 billion Yuan, a reduction of 12.84 percent year-on-year.

Export delivery value of the industry achieved 845 million Yuan, a reduction of 14.46 percent year-on-year. Among them, export delivery value of hemp textile enterprises was 792 million Yuan, a reduction of 9.68 percent; export delivery value of hemp product manufacturers was 52 million Yuan, a reduction of 52.61 percent year-on-year.

Total employees of the industry were 109,300, a reduction of 11.05 percent year-on-year; of which, 96,900 employees were in hemp textile enterprises, a reduction of 11.10 percent year-on-year, while 12,400 people were employed in hemp product manufacturing enterprises, a reduction of 10.68 percent year-on-year.

Fibre2fashion News Desk - China

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