Economic Evaluation of the Coatings, Ink and Pigment Manufacturing Sector in 2006   

By CPCIA   

According to data provided by the National Bureau of Statistics, China had 3 031 enterprises of considerable scale (all state-owned enterprises, and non state-owned enterprises with sales over RMB5.0 million in 2005) in the manufacturing sector of coatings, inks, pigments and similar products in 2006 and the employment was 316 200. The total asset value was RMB144.591 billion, an increase of 18.95% over the previous year. The industrial total output value was RMB191.935 billion, an increase of 26.19%. The industrial added value was RMB47.863 billion, an increase of 25.19%. The sales revenue was RMB185.825 billion, an increase of 25.94%. The total profit was RMB12.513 billion, an increase of 34.49%.

Economic analysis of the top
100 enterprises

The asset value of the top 100 enterprises was RMB51.057 billion in 2006, an increase of 24.03% over that of the top 100 in 2005. The industrial total output value was RMB65.611 billion, an increase of 26.84%. The sales revenue was RMB64.761 billion, an increase of 27.07%. The total profit increased 33.67%.
   The asset value of the top 100 enterprises was RMB51.057 billion, accounting for 35.31% of the total in the sector. The industrial total output value was RMB65.611 billion, accounting for 34.18%. The sales revenue was RMB64.761 billion, accounting for 34.85%. The total profit was RMB6.04 billion, accounting for 48.27%. Their asset utilization rate was therefore quite high.
    The regional distribution of the top 100 enterprises was not average. Guangdong province hosts the largest number - 20 enterprises in the province were included. Their sales revenue amounted to RMB13.843 billion, accounting for 21.38% of the total sales revenue in the top 100 enterprises. Zhejiang province was second with 15 firms whose sales revenue to RMB13.246 billion, accounting for 20.45%. Shanghai held the third place. Fourteen enterprises in the municipality were included. Their sales revenue totaled RMB12.228 billion, accounting for 18.88%.
   In the top 100 enterprises there were 55 foreign-funded enterprises. Their asset value was RMB28.701 billion, accounting for 56% of the top 100. Their sales revenue was RMB37.399 billion, accounting for 58%. Their total profit was RMB3.952 billion, accounting for 65%. There were 26 collective (local government owned) enterprises. Their asset value was RMB13.008 billion, accounting for 25%. Their sales revenue was RMB17.130 billion, accounting for 26%. Their total profit was RMB1.505 billion, accounting for 25%. There were eleven state controlled enterprises. Their asset value was RMB5.944 billion, accounting for 12%. Their sales revenue was RMB5.890 billion, accounting for 9%. Their total profit was RMB0.362 billion, accounting for 6% only. There were eight private enterprises. Their asset value was RMB3.404 billion, their sales revenue was RMB342 million and their profit was RMB221 million, accounting for 7%, 7% and 4% respectively.
   The profit/sales ratio in the top 100 enterprises was 9.33%, being 2.6 percentage points higher than the overall level of 6.73% in the sector. Their profit/assets ratio was 11.83%, being 3.18 percentage points higher than the overall level of 8.65% in the sector. Their per-capita profit was RMB103 800, being 2.62 times of the overall per-capita profit in the sector of RMB39 600.
    The rate of profit/sales in the top 100 enterprises was 9.33%, being 0.46 percentage points higher than 8.87% of the top 100 in 2005. Their rate of profit/assets was 11.83%, being 0.85 percentage points higher than 10.98% of the top 100 in 2005. Their per-capita profit was RMB39 600 in 2006, being RMB8 700 higher than RMB30 900 in 2005.