China textile machinery manufacturing grows but profits low

Dublin - China's textile machinery market has been growing rapidly in recent years, and the gross industrial output value of textile machinery manufacturing in China reached RMB72.64bn in 2008, up by 4.9% year-on-year, according to a recent report. Research and Markets has announced the addition of the "2008-2009 Report on China's Textile Machinery Market" report to their offering.

Although the total profitability of the sector continues to rise rapidly in Chinas manufacturing of textile machinery, the profit margin is low, the report says. The gross industrial output value of textile machinery manufacturing sector in China reached RMB72.64bn in 2008, up by 4.9% year-on-year, and the gross profit was RMB4.07bn, up by 9.6%. But although the profit of the sector increased a generous RMB356m from a year ago, the profit margin was only 5.6%, far lower than average profit margin of the manufacturing in China as a whole.

MORE