In the first half of 2021, the total profit of China’s furniture manufacturing industry was 17.04 billion yuan

In the first half of 2021, the total profit of China’s furniture manufacturing industry was 17.04 billion yuan

September 10, 2021 source: Zhiyan consulting heat: 6760

1、 Operation status

Furniture manufacturing refers to the manufacturing of all kinds of furniture in any place such as residence, hotel, office, school, restaurant, hospital, theater, park, ship, aircraft, motor vehicle and so on. The furniture manufacturing industry is rich in products, including all kinds of beds, tables, chairs, stools, cabinets, boxes, shelves, sofas, screens, etc. With the rapid development of economy and the continuous improvement of people’s living standards, furniture, as an important carrier of daily life, is not only limited to the material needs of consumers, but also reposes people’s spiritual pursuit. In recent years, China’s furniture industry has developed rapidly. In 2020, the number of enterprises in China’s furniture manufacturing industry reached 6544, an increase of 72.00 compared with 2019, a year-on-year increase of 1.1%. In 2021, the number of enterprises in China’s furniture manufacturing industry was 6544, the same as that at the end of 2020.

Statistics on the number of enterprises in China’s furniture manufacturing industry in the first half of 2014-2021

[data statistics]

in the first half of 2021, the total profit of China’s furniture manufacturing industry was 17.04 billion yuan

With the increase of the number of enterprises in China’s furniture manufacturing industry, the total assets also increased. In 2020, the total assets of China’s furniture manufacturing industry reached 634.79 billion yuan, an increase of 41.605 billion yuan over 2019, a year-on-year increase of 7.0%. In the first half of 2021, the total assets of China’s furniture manufacturing industry were 616.95 billion yuan, including 379.55 billion yuan of current assets.

Asset statistics of China’s furniture manufacturing industry in the first half of 2014-2021

[data statistics]

in the first half of 2021, the total profit of China’s furniture manufacturing industry was 17.04 billion yuan

In 2020, the accounts receivable of China’s furniture manufacturing industry reached 100.79 billion yuan, an increase of 6.885 billion yuan over 2019. In the first half of 2021, the accounts receivable of China’s furniture manufacturing industry was 98.98 billion yuan; The inventory reached 87.26 billion yuan, an increase of 5.489 billion yuan over 2019. In the first half of 2021, the inventory of China’s furniture manufacturing industry was 87.29 billion yuan; The finished products reached 34.83 billion yuan, an increase of 2.299 billion yuan over 2019. The finished products of China’s furniture manufacturing industry in the first half of 2021 were 34.59 billion yuan.

Statistics of accounts receivable, inventories and finished products of China’s furniture manufacturing industry in the first half of 2014-2021

[data statistics]

in the first half of 2021, the total profit of China’s furniture manufacturing industry was 17.04 billion yuan

While the assets of China’s furniture manufacturing industry are growing, the liabilities are also increasing. In 2020, the liabilities of China’s furniture manufacturing industry reached 354.02 billion yuan, an increase of 37.538 billion yuan over 2019, a year-on-year increase of 11.9%. In the first half of 2021, the liabilities of China’s furniture manufacturing industry were 352.39 billion yuan.

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