From January to November 2020, under the combined influence of multiple factors such as the effective prevention and control of the domestic epidemic, the introduction of measures to promote consumption in various places, and the “Double Eleven” shopping festival, domestic consumption of textiles and clothing continued to improve, and terminal demand continued to improve. The increase has accelerated the recovery of production in the printing and dyeing links, and the quality and efficiency of operations have gradually improved. However, the overall operation of the printing and dyeing industry is still significantly behind compared with the same period last year, and the steady recovery of the industry needs to be further consolidated.
01 Production has accelerated its recovery, and the decline in output has continued to narrow.
According to data from the National Bureau of Statistics, 1 -In November, the output of printed and dyed fabrics by printing and dyeing enterprises above designated size was 46.353 billion meters, a year-on-year decrease of 7.21%. The decline in output narrowed 1.65 percentage points from January to October, and production continued to recover. Since September, the monthly output of printing and dyeing fabrics has remained above 5 billion meters, maintaining positive growth for three consecutive months, with year-on-year growth rates of 2.16%, 10.03% and 15.09% respectively.
Figure 1 Monthly output and year-on-year change trends of printed and dyed fabrics by designated printing and dyeing enterprises since 2020
02 Operation quality has gradually improved, but the overall operation pressure is still high
According to data from the National Bureau of Statistics, from January to November, above-scale The ratio of three expenses for printing and dyeing enterprises was 6.99%, a year-on-year increase of 0.37 percentage points, of which 6.74% was for cotton printing and dyeing enterprises and 8.80% for chemical fiber printing and dyeing enterprises. The finished product turnover rate was 15.32 times/year, a year-on-year decrease of 22.68%; the accounts receivable turnover rate was 6.83 times/year, a year-on-year decrease of 24.07%; the total asset turnover rate was 0.85 times/year, a year-on-year decrease of 16.29%. Compared with January to October, from January to November, the proportion of enterprises’ three expenses decreased by 0.10 percentage points; the declines in finished product turnover rate, accounts receivable turnover rate and total asset turnover rate narrowed by 0.15 percentage points, 1.13 percentage points and 1.13 percentage points respectively. 1.10 percentage points, the decline narrowed slightly compared with January to October, slowing down by 3.43, 1.50 and 0.69 percentage points respectively.
Overall, although the operation quality of the printing and dyeing industry is gradually improving, there is still a large gap compared with the same period last year. The main operating indicators are still at a low level. The overall operation of the industry The pressure is still high.
Table 1 Main operational quality indicators of printing and dyeing enterprises from January to November 2020
03 Economic benefits have steadily improved, and profitability continues to improve
From January to November, the main business income of printing and dyeing enterprises above designated size was 222.699 billion yuan, a year-on-year decrease of 13.79%; the main business cost was 192.687 billion yuan, a year-on-year decrease of 13.85%, accounting for 86.52% of the main business income; the total profit was 10.328 billion yuan, a year-on-year decrease of 22.91%; the cost and expense profit margin was 4.96%, a year-on-year decrease 0.60 percentage points; sales profit margin was 4.64%, down 0.55 percentage points year-on-year; export delivery value was 31.359 billion yuan, down 17.94% year-on-year. Compared with January to October, from January to November, the decline in main business income and total profit narrowed by 1.25 and 0.36 percentage points respectively, and the cost and expense profit margin and sales profit margin increased by 0.34 and 0.30 percentage points respectively. The export delivery value The decline narrowed by 1.38 percentage points.
From January to November, 498 of the 1,581 printing and dyeing enterprises above designated size suffered losses, accounting for 31.50% of the losses, a year-on-year expansion of 10.85 percentage points, and a decrease of 1.96 percentage points from January to October. percentage points; the total loss of loss-making enterprises was 1.968 billion yuan, a year-on-year increase of 34.61%, and the growth rate narrowed by 14.93 percentage points from January to October.
Table 2 Main economic indicators of printing and dyeing enterprises above designated size from January to November 2020
Currently, abroad The epidemic is still not under effective control, some countries are seeing a surge in confirmed cases of COVID-19 again, and the world economic outlook remains highly uncertain. my country’s printing and dyeing industry has fully made up for the losses caused by the impact of the epidemic in foreign trade, and it will still take some time to return to “normal mode”. The effective prevention and control of the domestic epidemic and the continued positive results in economic and social development have provided an important guarantee for the stable recovery of my country’s printing and dyeing industry. The importance of domestic demand to the economic development of the industry has become increasingly apparent. Under the new situation, building a supply system with domestic demand as the strategic basis will effectively offset the possible long-term sluggish external demand and promote the accelerated recovery of the industry. </p
