2013 China Furniture Industry Development Report: Profit growth slows down

A few days ago, the China Building Decoration Association Materials Committee released the "2013 China Building Materials and Home Industry Development Report." According to the report, in 2013, there were 4,716 enterprises above designated size in the furniture industry, and the accumulated main business income was 646.275 billion yuan, a year-on-year increase of 14.3%. The report also pointed out that in the case of economic slowdown, the furniture industry accelerated the transformation and upgrading of the industry, better achieved the unification of development speed and development quality, and showed steady progress, simultaneous benefit growth, and overall stable operation. specialty. In addition, the reporter found from the report that the total profit and investment of China's furniture industry showed an upward trend from 2009 to 2013, but the growth rate slowed down noticeably. The profit growth rate reached 14.01% in 2013, less than 1/3 in 2010. In this regard, the industry pointed out that the increase in operating area, rent, labor costs, and raw material costs are the reasons for the decline in profits. In the past five years, the efficiency of enterprises above the scale of the furniture industry has changed. The eastern furniture industry still plays a pivotal role. Eastern furniture, including the Pearl River Delta, the Yangtze River Delta and the Bohai Sea, has occupied a pivotal position in China's furniture industry. In 2013, there were 3,386 enterprises above designated size in the eastern furniture industry, accounting for 71.80% of the national furniture industry; the accumulated main business income was 451.574 billion yuan, accounting for 67.87%; the cumulative export was 48.46 billion US dollars, accounting for 91.26%; the accumulated profit was 25.554 billion yuan. , accounting for 63.27%; accumulated assets totaled 299.78 billion yuan, accounting for 74.05%. Insufficient: the pressure on resources and environment is increasing year by year, facing the impact of industrial restructuring; the cost of production factors such as labor is increasing year by year, the profitability of enterprises is decreasing; the demand for export markets is insufficient, and the risks of operation and market transformation of some export enterprises are increasing; Inland migration, the geographical market advantage is gradually weakened. The development of the central furniture industry has developed rapidly in the central region and has become an important ground for the industrial gradient transfer in the eastern region. In 2013, the accumulated assets of enterprises above designated size totaled 64.972 billion yuan, a year-on-year increase of 42.16%. It is the fastest growing area for investment in the furniture industry in the country; the accumulated income from main operations was 131.81 billion yuan, up 19.17% year-on-year; the accumulated profit was 100.46. 100 million yuan, an increase of 20.43% year-on-year, basically achieved the simultaneous growth of scale and efficiency. Insufficient: The development of the industry is not as good as the eastern part of the country; during the development process, some local governments have begun to blindly develop the furniture park and the furniture market without any investigation, and the contradiction between the rapid expansion of production capacity and market demand has begun to emerge. In addition to Sichuan, the western furniture industry is still weak except for Sichuan. The industry base in other regions is weak, and the scale of enterprises is small, the layout is scattered, and the degree of specialization is low. In 2013, there were 396 furniture enterprises above designated size in the western region, accounting for 8.4% of the national furniture industry and total; the accumulated main business income was 63.614 billion yuan, accounting for 9.84%; the accumulated profit was 4.788 billion yuan, accounting for 11.85%; The growth rate of the indicators was 2.04 percentage points and 13.23 percentage points lower than that of the central counterparts. Insufficient: The industrial base is weak.

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