The leather companies do a good job against the difficult battle

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The first quarter of 2011, total sales revenue and profits year-on-year growth of the leather industry continues to decline, although the overall sales margin still increased over the same period last year, but fell by 1.1 percentage points compared to the high point in 2010. No matter what changes in demand, industry profit margins due to upgrade part of the low-profit enterprises exit difficult to continue, the current market demand continues to slump and the overall capacity of the leather industry relative surplus problem persists. If the global economy cannot be improved in the short-term market demand continues to shrink, will be more sensitive to the price of consumer products, the enterprise competitive situation will have become more severe. Once companies back on the old path of the price war, the level of overall industry profits will show a downward trend.

Comparison of the leather industry, light industry and other industries in the first quarter of 2011, light industry and many industry sales down, accompanied by the profit growth rate dropped or negative growth, the expansion of the face of loss-making enterprises in the industry, and a substantial increase in the amount of the loss has emerged. In this respect, the leather industry cannot be taken lightly, "has reached the bottom," the judge. In the case of the world economic situation, there is no obvious signs of improvement, leather enterprises cope with future difficulties greater psychological preparation.