Meanwhile the industrial solvency, operating ability and profitability improved to different extents. The total rate of return on assets and sales profit margins continued to increase; Fixed assets turnover and inventory turnover rates accelerated.
However, PTA prices fell sharply in September, causing huge latent losses in PET polyester raw material inventory. These latent losses reflected in October, but were not inadequate.
The total profits of the industry were about 6 billion yuan for the whole year.
Fibre2fashion, News Desk - China
marketing@alchempro.com
