Zefeng Wood Industry: Our main products include melamine-faced medium-density fiberboard, melamine-faced particleboard, melamine plywood, plywood, construction laminated board, WPC wallboard, PVC edging strips, and stone-plastic UV board
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2026
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National Bureau of Statistics: Furniture Manufacturing Profits Fell 44.9% Year on Year in the First Quarter
National Bureau of Statistics: Furniture Manufacturing Profits Fell 44.9% Year on Year in the First Quarter
April 29, 2026 Source: 77 Degrees
According to data released by the National Bureau of Statistics on April 27, from January to March this year, the total profits of industrial enterprises above designated size nationwide reached RMB 1.69604 trillion, up 15.5% year on year. However, the furniture manufacturing sector performed poorly, with profits plunging by 44.9% year on year, making it one of the hardest-hit segments in the manufacturing industry.
Segmented industry data shows:
In the first quarter, the furniture manufacturing industry recorded operating revenue of RMB 126.76 billion, down 9.6% year on year; operating costs totaled RMB 105.57 billion, a year-on-year decrease of 9.5%; and total profit amounted to only RMB 2.06 billion, representing a substantial year-on-year decline of 44.9%.
The wood processing and wood, bamboo, rattan, palm fiber, and grass products industries also faced significant pressure, with operating revenue totaling RMB 155.03 billion, down 12.5% year on year; operating costs amounted to RMB 142.46 billion, a decrease of 12.3% year on year; and total profits reached RMB 3.19 billion, down 12.4% year on year.
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Editor: Si Yan
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