China's flavor and fragrance manufacturing industry declines in operating income

According to China Light Industry Network, from January to July 2020, the total assets of the daily chemical product manufacturing industry increased by 9% year-on-year. Among them, the soap and detergent manufacturing industry increased by 11% year-on-year, the cosmetics manufacturing industry increased by 8.6% year-on-year, the oral cleaning products manufacturing industry increased by 12.6% year-on-year, and the perfume and fragrance manufacturing industry increased by 6.5% year-on-year.

In addition, the operating income of the daily chemical product manufacturing industry decreased by 1% year-on-year. Among them, the soap and detergent manufacturing industry decreased by 2.6% year-on-year, the cosmetics manufacturing industry decreased by 2.3% year-on-year, the oral cleaning products manufacturing industry increased by 4.4% year-on-year, and the perfume and fragrance manufacturing industry decreased by 3.6% year-on-year.