Zhejiang Furniture: 345 losers, output value dropped by 15%

Zhejiang is a major furniture province in China

The Zhejiang Provincial Economic and Information Commission and the Provincial Bureau of Statistics released relevant data on the production and operation of the Zhejiang furniture industry from January to June 2020. The statistical scope of this data covers 1,004 furniture companies with annual main business income of 20 million yuan and above in Zhejiang.

 

Zhejiang is a major furniture province in China, ranked by output, distributed in Anji, the "Hometown of China's Chair Industry", Hangzhou, "China's Office Furniture Industry Base", and "China's European Classical Furniture Production Base" Yuhuan, "China's Mahogany Furniture Capital" Dongyang," "China Export Sofa Industry Base" Haining, "Hometown of Chinese Solid Wood Furniture Craftsmen" Ninghai and other well-known industrial belts, owns KUKA, Sleemon, Sunon, Nanoholy, Chinarebon, city-w, UE, Henglin and other well-known brands.

 

Data show that from January to June this year, the total output of Zhejiang furniture was 113.9 million pieces, down 8.8%; the total output value was 42.412 billion yuan, down 14.98%; the total profit was 1.472 billion yuan, down 36.6%; there were 345 loss-making enterprises, accounting for 34.36 %, the loss of loss-making enterprises was 708 million yuan, an increase of 83.1%; in addition, the average labor compensation of employees was 5,499.23 yuan/person/month.

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