Analysis On Economic Operation Of Printing And Dyeing Industry From January To May In 2020

Since 2020, in the face of the "big test" of the epidemic situation, China's printing and dyeing industry has steadily promoted the resumption of production. At present, the production supply capacity of enterprises and the coordination of industrial chain operation have returned to normal. Although domestic economic activities are gradually recovering, it will take time for the desire and demand of textile and clothing to recover. At the same time, the export situation of printing and dyeing products is still grim, and the main operation indicators of the industry are still in the negative growth range from January to may, because the epidemic situation in foreign countries has not shown obvious signs of improvement. With the gradual recovery of domestic demand market, the printing and dyeing industry is expected to recover under pressure.

one

The decline rate of printing and dyeing fabric output was narrowed

In 2020, the output of textile printing and dyeing enterprises will decrease by 46.1-14% compared with the same period in 2020. At present, the overall situation of epidemic prevention and control in China is good, and the production and living order has been steadily restored. Although the export orders of enterprises have been greatly reduced due to the impact of foreign epidemic, with the continuous release of domestic consumption potential, the domestic demand market has shown an obvious recovery trend, and the decline rate of output from January to May was 1.40% month on month.

two

The operation quality fluctuated slightly on a month on month basis

From January to May of 2020, the operation quality indicators of the printing and dyeing industry fluctuated slightly, and there was still a big gap compared with the same period. From January to may, the proportion of three fees for printing and dyeing enterprises above designated scale was 7.37%, 0.49 percentage points higher than that in the same period in 2019, among which, cotton dyeing and printing enterprises accounted for 7.06%, and chemical fiber printing and dyeing enterprises accounted for 9.82%. The turnover rate of finished products is 6.31 times / year, which is 31.11% lower than that of the same period in 2019; the turnover rate of accounts receivable is 3.09 times / year, which is 24.85% lower than that of the same period in 2019; the turnover rate of total assets is 0.35 times / year, which is 22.02% lower than that of the same period in 2019.

three

Great pressure on efficiency decline

Under the impact of the epidemic situation, from January to may in 2020, the economic benefits of the printing and dyeing industry have deteriorated significantly, and the operation pressure of printing and dyeing enterprises is greater. From January to may, the main business income of printing and dyeing enterprises above designated size was 86.988 billion yuan, with a year-on-year decrease of 20.68%; the cost of main business was 76.671 billion yuan, with a year-on-year decrease of 20.42%, accounting for 88.14% of the main business income; the profit margin of cost and expense was 3.28%, with a year-on-year decrease of 1.00%; the profit margin of sales was 3.14%, with a year-on-year decrease of 0.92%; the total profit was 2.728 billion yuan, with a significant decrease of 38.73%; The export delivery value was 12.416 billion yuan, a year-on-year decrease of 24.56%.

From January to may 2020, 652 of 1563 printing and dyeing enterprises above the designated scale suffered losses, accounting for 41.47%, which was 16.67% higher than that in the same period of 2019, and 1.92% lower than that in the same period of 2019; the total loss of loss making enterprises was 1.552 billion yuan, a significant increase of 86.08% year-on-year, and the growth rate was increased by 23.96% month on month. May of previous years is the peak production season of printing and dyeing enterprises, and the profit level of enterprises will be significantly improved. However, due to the influence of epidemic situation in 2020, the profit situation of enterprises from January to May will be more obvious than that of the same period of last year, and the total loss of enterprises will increase significantly compared with the same period in 2019.

four

The grim situation of export has not been eased

According to the statistics of China Customs, since May 2020, the severe situation faced by China's eight categories of printing and dyeing products has not been effectively alleviated. From January to may, the total import and export volume of eight categories of printing and dyeing products was 8.302 billion US dollars, a year-on-year decrease of 29.73%; the trade surplus was 7.352 billion US dollars, a year-on-year decrease of 29.32%. The import quantity of eight categories of printing and dyeing products was 222 million meters, a year-on-year decrease of 41.58%; the import amount was 475 million US dollars, a year-on-year decrease of 32.77%; the average import unit price was 2.14 US dollars / meter, an increase of 15.61% year-on-year. The export volume of eight categories of printing and dyeing products was 7.920 billion meters, with a year-on-year decrease of 26.37%; the export value was 7.827 billion US dollars, a year-on-year decrease of 29.54%; the average export unit price was 0.99 US dollars / meter, a year-on-year decrease of 4.30%.

In terms of market, the export performance of eight categories of printing and dyeing products to ASEAN, countries along the belt and road and Japan is better than the overall export situation. From January to may, the export value of eight categories of printing and dyeing products to ASEAN and countries along the "belt and road" decreased by 22.06% and 26.01% respectively year-on-year, 7.48% and 3.53 percentage points lower than the overall export value. The volume of exports to Japan decreased by 2.50% year-on-year, and the amount of exports decreased by 13.05% year-on-year, 16.49 percentage points lower than the overall export value. Exports to the United States, the European Union and other countries and regions with severe epidemic situation continued to decrease. The export value decreased by 33.70% and 37.34% respectively year-on-year, and the decline rates were 2.28% and 4.18% respectively.

At present, the global epidemic situation of new coronavirus is still deteriorating, and the task of epidemic prevention and control is still arduous. On the whole, the downward pressure of the world economy continues to increase, and the sluggish global demand will become a long-term existence. The shortage of new orders in foreign trade enterprises will continue for a period of time, and the export of enterprises will continue to be under pressure. Although the "six months" of printing and dyeing industry will gradually improve the domestic and external situation, it will still provide strong support for the industry.