The consumer goods manufacturing companies in China have seen their profit grow over the past three quarters as they keep expanding their businesses to overseas emerging markets.
The data released by China's National Bureau of Statistics (NBS) Sunday showed that profit of the country's consumer goods manufacturing industry increased by 2.4 percent year over year in the first three quarters.
The profit growth was driven by the increased export to the newly explored overseas markets, with the data showing that the export delivery value of the overall manufacturing industry increased by 4.1 percent in the same period.
A furniture manufacturing company in Shunde District of Foshan City, south China's Guangdong Province, has recently expended their business into the Southeast Asian and the Central Asian countries.
The value of the sofas and beds produced by the company annually can reach 350 million yuan (about 50 million U.S. dollars), said Tan Suzhen, general manager of Evergo Furniture Company Limited, adding that as the company expands overseas business, their sales to the Central Asian markets grew drastically.
"Our sales to the Middle East market alone grew by 60 percent year over year. Our sales data is really impressive and has been growing, too," said Tan.
With existing business in Western Europe and North America, an appliance manufacturing company in Yongkang City, east China's Zhejiang Province, found new customers in the Middle East and North Africa.
The expanded business helped the company reach their annual sales goal at a faster pace and their sales have been growing at a remarkable 40-percent rate.
"In terms of export, we reached our annual sales goal within the first three quarters and the year-over-year increase in the first three quarter was about 40 percent," said Hu Di, assistant to the chairman of Arda Appliance Company Limited.
For the overall industrial sector, its export delivery value has been growing faster and faster, said Chen Xi, associate researcher of the Academy of Macroeconomic Research of China's National Development and Reform Commission, adding that the good performance can in turn nurture better sales and efficiency of enterprises.
"In each of the first three quarters, the export delivery value growth of the industrial enterprises above the designated size accelerated. Major provinces like Guangdong, Jiangsu, and Zhejiang posted faster growths. The increased export delivery value helped boost sales of the enterprises and their efficiency," said Chen.
Consumer goods manufacturing companies see profit rise as overseas markets expand
As the cotton harvest season is in full swing in northwest China's Xinjiang Uygur Autonomous Region, the region has picked more than half of its cotton, with all expected to be finished in early to mid-November, thanks to the wide application of advanced cotton pickers.
As a major cotton production area in the country, Xinjiang enjoys a high-level mechanization and digitalization in cotton cultivation and picking in recent years.
The state-of-the-art six-row, self-propelled cotton picking and baling machine can seamlessly complete the processes involved in harvesting, compressing and packaging in just about 10 minutes.
The big cotton roll packaged by the machine is called "golden egg" by local farmers in Xinjiang.
"I planted 200 mu (over 13 hectares) of cotton this year, which is expected to produce 45 'golden eggs', weighing about 90 tons," said Wang Feifei, a staff member of Xinjiang Production and Construction Corps.
"It can pick 40 mu of farmland per hour, and 500 mu per day, which is equivalent to the work efficiency of 2,000 workers," said Tan Zengjin, operator of cotton picker.
When working, the cotton picking heads play a crucial role in speed and quality.
"A cotton picker has six heads, which can pick six rows at a time. Each head has more than 500 spindles. Through their own rotation, they pick cotton from shells and then pack it into round bales," said Yang Jianning, director of the Xinjiang Swan Cotton Picker Research and Development Center.
Also known as the "king of agricultural machinery", the cotton picker is one of the most complex machines in agricultural machinery equipment.
After five years of experiment and demonstration, the mass production of the domestic six-row cotton picking and baling machine has been realized in Xinjiang this year, breaking the long-term monopoly of foreign high-end cotton pickers in the Chinese market.
"We've overcome bottlenecks in the core technologies such as seed cotton compression and baling, and the localization rate of the whole machine has exceeded 92 percent," said Duan Qisen, head of Xinjiang Swan Modern Agricultural Machinery and Equipment Industrial Park.
In addition, the harvesting efficiency and post-harvest services have been further upgraded with the support of China's homegrown BeiDou Navigation Satellite System (BDS).
"The performance of homemade cotton pickers is comparable to that of imported ones. With a high harvesting efficiency, each machine can harvest more than 10,000 mu of cotton each season, providing key equipment support for the autonomous and controllable cotton harvesting nationwide," said Wang Jianhong, executive vice president and secretary-general of the China Cotton Association.
Xinjiang finishes over half of cotton picking thanks to advanced cotton pickers
