Since 2020, facing the “big test” of the epidemic, my country’s printing and dyeing industry has steadily promoted the resumption of work and production. Currently, the production and supply capacity of enterprises and the coordination of industrial chain operations have returned to normal. Although domestic economic activities are gradually recovering, the recovery of consumer desire and demand for textiles and clothing will take time. At the same time, as the foreign epidemic situation has not shown obvious signs of improvement, the export situation of printing and dyeing products is still severe, and the main operating indicators of the industry from January to May are still in the negative growth range. As the domestic demand market gradually picks up, the printing and dyeing industry is expected to recover under pressure.
1 The decline in printing and dyeing fabric production narrowed
From January to May 2020, the output of printed and dyed fabrics by printing and dyeing enterprises above designated size was 17.612 billion meters, a year-on-year decrease of 14.46%. At present, the epidemic prevention and control situation in my country is generally good, and the order of production and living has been steadily restored. Although export orders of enterprises have been significantly reduced due to the impact of foreign epidemics, with the continuous release of domestic consumption potential, the recovery of the domestic demand market has been obvious, and output has declined significantly from January to May. A month-on-month decrease of 1.40 percentage points.
2 Operation quality fluctuates slightly month-on-month
2020 From January to May, various indicators of operating quality in the printing and dyeing industry fluctuated slightly month-on-month, but there was still a large gap year-on-year. From January to May, the proportion of three expenses for printing and dyeing enterprises above designated size was 7.37%, an increase of 0.49 percentage points compared with the same period in 2019. Among them, cotton printing and dyeing enterprises accounted for 7.06%, and chemical fiber printing and dyeing enterprises accounted for 9.82%. The finished product turnover rate was 6.31 times/year, a decrease of 31.11% compared to the same period in 2019; the accounts receivable turnover rate was 3.09 times/year, a decrease of 24.85% compared to the same period in 2019; the total asset turnover rate was 0.35 times/year, a decrease compared to the same period in 2019 22.02%.
3 There is great pressure on declining profits
Under the impact of the epidemic, from January to May 2020, the economic benefits of the printing and dyeing industry deteriorated significantly, and the operating pressure of printing and dyeing enterprises was great. From January to May, the main business income of printing and dyeing enterprises above designated size was 86.988 billion yuan, a year-on-year decrease of 20.68%; the main business cost was 76.671 billion yuan, a year-on-year decrease of 20.42%, accounting for 88.14% of the main business income; the cost and expense profit margin was 3.28% , a year-on-year decrease of 1.00 percentage points; the sales profit margin was 3.14%, a year-on-year decrease of 0.92 percentage points; the total profit was 2.728 billion yuan, a significant decrease of 38.73% year-on-year; the export delivery value was 12.416 billion yuan, a year-on-year decrease of 24.56%.
From January to May 2020, 652 of the 1,563 printing and dyeing enterprises above designated size suffered losses, accounting for 41.47% of the losses, an increase of 16.67 percentage points compared with the same period in 2019, and a month-on-month decrease of 1.92 percentage points; the total loss of the loss-making enterprises was 1.552 billion Yuan, a significant increase of 86.08% year-on-year, and the growth rate expanded by 23.96 percentage points month-on-month. In previous years, May was the peak production season for printing and dyeing enterprises, and corporate profitability would significantly increase. However, due to the impact of the epidemic in 2020, corporate profits from January to May have a more obvious gap compared with the same period last year, and the total corporate losses increased significantly compared with the same period in 2019. .
4 The severe export situation has not yet eased
According to China Customs statistics, since May 2020, the severe situation facing the export of eight major categories of printing and dyeing products in China has not been effectively alleviated. From January to May, the total import and export volume of the eight major categories of printing and dyeing products was US$8.302 billion, a year-on-year decrease of 29.73%; the trade surplus was US$7.352 billion, a year-on-year decrease of 29.32%. The import quantity of the eight major categories of printing and dyeing products was 222 million meters, a year-on-year decrease of 41.58%; the import value was US$475 million, a year-on-year decrease of 32.77%; the average import unit price was US$2.14/meter, a year-on-year increase of 15.61%. The export quantity of the eight major categories of printing and dyeing products was 7.920 billion meters, a year-on-year decrease of 26.37%; the export value was US$7.827 billion, a year-on-year decrease of 29.54%; the average export unit price was US$0.99/meter, a year-on-year decrease of 4.30%.
Look at different markets. The export performance of the eight major categories of printing and dyeing products to ASEAN, countries along the “Belt and Road” and Japan was better than the overall export situation. From January to May, the export value of eight major categories of printing and dyeing products to ASEAN and countries along the “Belt and Road” fell by 22.06% and 26.01% respectively year-on-year, which was 7.48 and 3.53 percentage points narrower than the overall export value decline. The quantity of exports to Japan decreased by 2.50% year-on-year, and the export value decreased by 13.05% year-on-year, which was 16.49 percentage points narrower than the decline in overall export value. Exports to countries and regions such as the United States and the European Union, which are more severely affected by the epidemic, continued to decrease. The export value fell by 33.70% and 37.34% respectively year-on-year, and the decline deepened by 2.28 and 4.18 percentage points respectively month-on-month.
Currently, the global COVID-19 epidemic is still worsening, and the task of epidemic prevention and control remains arduous. Overall, the downward pressure on the world economy continues to increase, sluggish global demand will become a long-term phenomenon, the shortage of new orders will continue for some time among foreign trade companies, and corporate exports will continue to be under pressure. Although the external situation faced by the printing and dyeing industry is still severe, the gradually recovering domestic demand market will provide strong support for the industry to resume stable operations. At the same time, with the gradual implementation and development of domestic “six stability” and “six guarantees” measures, printing and dyeing in the second half of the year Business operating conditions will improve. </p
