The Ministry of Industry and Information Technology released the performance of the leather industry in January-April 2014

First, Sales Performance

From January to April 2014, the cumulative export delivery value of leather tanning and processing reached 3.69 billion yuan, representing a year-on-year growth of 24.8%. The industry's production and sales rate stood at 97.9%, an increase of 0.2 percentage points compared to the same period in 2013. Meanwhile, the export delivery value for leather products manufacturing totaled 26.13 billion yuan, showing a cumulative growth of 10.5% year-on-year. The production and sales rate for this sector was 98.1%, up by 0.3 percentage points from the previous year. In the case of fur tanning and processing, the cumulative export delivery value amounted to 3.20 billion yuan, with a growth of 13.6% year-on-year. The production and sales rate for this segment was 98.2%, an improvement of 0.4 percentage points compared to 2013.

In April alone, the export value of leather tanning and processing rose to 1.14 billion yuan, reflecting a year-on-year increase of 33.5%. However, the production and sales rate dropped slightly to 97.3%, 0.5 percentage points lower than in the same month of 2013. For leather products manufacturing, the export delivery value reached 7.41 billion yuan, up 9.8% year-on-year, with a production and sales rate of 97.3%, nearly matching the level from the previous year. In contrast, the export value of fur tanning and product processing declined by 4.7% to 880 million yuan, but the production and sales rate remained strong at 98.0%, 1.1 percentage points higher than in April 2013.

Second, Financial Performance

During the first four months of 2014, the main business income of leather tanning and processing companies totaled 47.35 billion yuan, an increase of 10.3% year-on-year. The cumulative profit reached 2.93 billion yuan, up 22.4% compared to the same period last year. Additionally, the total tax paid by the industry increased by 21.0% to 1.38 billion yuan. For leather products manufacturing, the main business income rose to 88.42 billion yuan, a 14.8% year-on-year increase. The cumulative profit for this sector was 5.39 billion yuan, up 15.9%, while the total tax amounted to 2.36 billion yuan, a 16.8% increase. In the fur tanning and processing sector, the main business income reached 22.78 billion yuan, up 9.2% year-on-year. Cumulative profits were 2.14 billion yuan, increasing by 15.8%, and total taxes reached 610 million yuan, up 18.9% compared to the previous year.

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