Operation Analysis of China's Stone Industry in 2021

In 2021, the stone industry overcame numerous difficulties, fulfilled the national low-carbon and green development requirements, and delivered a satisfactory answer sheet. The construction of green mines continued to advance, the green standard system was gradually improved, and the level of cleaner production continued to improve. The level of equipment automation and intelligence has continuously improved, and the digital transformation of the industry has accelerated. The advantages of integrating application and design development are evident. Enterprises above designated size have reached a record high in marble plate production, and granite plate production has reached the second highest point in history. The high-quality development of the industry has reached a new level, with significant growth in both revenue and profit. The profit growth rate is 5 percentage points higher than the revenue growth rate, and the profit margin continues to improve. Import showed a restorative growth. The number of enterprises above designated size has steadily rebounded, and the industry concentration has continuously increased. At the same time, we should also pay attention to the risks posed by the high growth rate of corporate debt and accounts receivable, as well as the impact of declining exports on foreign trade enterprises. The number of loss-making enterprises has increased and the scope of losses has continued to expand, and the polarization of the industry has intensified.