General Overview
Product sales revenue of the first eleven months reached 57.388 billion RMB, increased by 11.65% year-on-year, which is 9.04% percentage points faster than last year. Industry assets amounted to 60.737 billion RMB, increased by 7.59% with growth velocity down by 4.21 percentage points. 1,030 companies were engaging in textile machinery industry with 57 new incomers. Employment numbered 141.8 thousand with about 11.3 thousand workforces being laid off.
Capital / employment intensity
Per capita sales revenue of textile machinery industry totaled 404.49 thousand RMB, increased by 20.51%. Per capita assets reached 428.1 thousand RMB. Unit product sales revenue reached 55.716 million RMB and unit assets reached 589.69 million RMB, respectively increased by 11.65% and 7.59%.
Production & Marketing
Consolidated industry output value of the first eleven months totaled 57.66 billion RMB, which is a 12.61% rise as contrast to the same time period of the year 2008 with growth velocity increased 12.68 percentage points. Industry sales value output amounted to 56.898 billion RMB, increased by 13.61%. Production and marketing rate was 97.82%, increased by 1.88%. Finished stock goods took up 4.676 billion RMB, down by 3.11% with growth velocity down by 10.46 percentage points.
Cost Structure
Overall cost of the whole textile machinery totaled 54.822 billion RMB, increased by 10.57% with growth velocity rose 6.58 percentage points. Amongst all the costs, Cost of Goods Sold (COGS) accounted for 49.801 billion RMB, increased by 11.51%. Proportionately, COGS took up 90.84% of overall costs. Sales expenses totaled about 1.3 billion RMB maintaining almost the same level to that of last year and took up 2.4% of overall costs in proportion. Management expenses reached 3.122 billion RMB, increased by 1.81% and took up 5.7% of overall costs in proportion. Financial expenses reached 581 million RMB, increased by 7.34% taking up only 1.06% of overall costs.

Profit
Overall profit of textile machinery for the first eleven months accumulated to 2.451 billion RMB witnessing a 512 million RMB increase. Companies under deficit were facing 676 million RMB of loss, rising by 152 million RMB. Proportionately, about 17.57% of the companies engaging in textile machinery industry were facing loss, maintaining the same level of last year.

Operating Performance Parameters

♦Business-growing Capability
The general growing capabilities of textile machinery industry kept all the way declining. The first eleven months of 2009 has witnessed: product sales revenue increasing by 11.65%, growth velocity ascending 9.04 percentage points; total assets increasing by 7.59%, growth velocity descending 4.21 percentage points; capital hedging ratio reached up to 109.72%, growth velocity ascending 0.17%.

♦ Profit-gaining capability
From January to November, overall gross profit margin of textile machinery industry reached 15.23%, increased by 0.14 percentage points; sales profit margin was 4.27%, increased by 0.5%; cost profit margin was 4.47%, increased by 0.56 percentage points; return on assets (ROA) was 4.04%, increased by 0.6%; net asset profit margin was 0.68%, down by 0.05 percentage points

♦ Debt-Repaying capability
Asset-liability ratio of textile machinery industry for the first eleven months was 59.16%, increased by 0.71 percentage points. Interest coverage ratio reached 6.61, 1.7 upswing;

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