Operation Analysis on China's Glass Fiber Industry in 2015

The transformation and upgrading of traditional industries and the growing development of emerging industries, provide opportunities and space for the rapid development of glass fiber composite materials. The rapid rise of reinforced material, high-end equipment and other industries, has become a new growth point of glass fiber reinforced composites application market. Zhengzhou Zhongyu Metallic Materials Co. Ltd. as glass fiber products supplier,has been doing well in this market.

Since 2015, the glass fiber composite material industry has had low industrial concentration, insufficient application research and development ability, low level of mechanization and production automation and other issues that have been improved gradually. Intelligent factory building begins to be widely concerned.

It is noticeable that we have known that some key enterprises will no longer focus only on its own development but the overall situation in this industry. They begin to pay close attention to the whole industry and driving effects of leading enterprises are gradually revealed.

In 2015, the main business income of 1197 enterprises of glass fiber and its composite materials is 261.72 billion RMB, up 10.1% with last year; The total profit is 18.3 billion RMB, up 10.2% from a year earlier. Under the situation of the declining benefits of building materials industry as a whole, glass fiber composite materials show exceptionally strong performance.

In 2015, the sales cost of glass fiber and its composite materials enterprises above designated size is 5.82 billion RMB, with year-on-year growth of 6.9%; The management cost is 8.56 billion RMB, up 11% with last year; The financial cost is 3.57 billion RMB, up 4.2% from a year earlier. Industry total assets are about 190.15 billion RMB; Total debt is about 93.1 billion RMB; The inventory is about 15.03 billion RMB.

In 2015, the investment in fixed assets of glass fiber and its composite materials enterprises above designated size is about 44.122 billion RMB, whose growth is as high as 23%. More rational enterprise management, stronger product structure adjustment and production line technological transformation, all make the cost of production cost increasingly optimization, so enterprises achieve smooth upgrade. At the same time, some enterprises make automation transformation and the construction of wisdom factory, and has reached New Era of glass fiber composites industry production, management informationization, automation and intellectualization.