Economic Recovery Trend Of Printing And Dyeing Industry

From January to February 2022, the economic operation of China's printing and dyeing industry continued to recover, the production situation remained good, and the output of printed and dyed fabrics continued to grow; The export of main printing and dyeing products showed a trend of rising both in quantity and price, and the average export unit price rose steadily; The operation quality and efficiency have been improved steadily, and the enterprise's profit level has been significantly improved. However, the repeated epidemic situation and the rise of raw material prices are still the realistic pressure faced by the industry, and the foundation of sustained economic recovery still needs to be consolidated.

　　 1. Production scale keeps increasing

According to the data of the National Bureau of statistics, from January to February 2022, the output of printing and dyeing fabrics of Enterprises above Designated Size in the printing and dyeing industry will reach 7.044 billion meters, with a year-on-year increase of 5.94%. In the first two months of 2022, despite the tight epidemic situation in China and the severe and complex situation abroad, the production of China's printing and dyeing industry still maintained a good development trend. The output of printed and dyed fabrics continued to grow on the basis of a higher base in the same period of last year, and the output scale reached a new high in the same period of nearly five years.

　　 2. Export volume and price rise

According to the statistical data of China Customs, from January to February 2022, the export volume of eight categories of printing and dyeing products was 4.994 billion meters, with a year-on-year increase of 6.87%; The export volume reached 5.370 billion US dollars, up 19.26% year on year; The average export unit price was 1.08 US dollars / meter, up 11.59% year on year. Although the international epidemic situation has not been significantly eased and the international freight prices have increased significantly, the demand for China's printing and dyeing products in the international market is still increasing. The export scale continued to expand year on year from January to February. The export unit prices of eight major categories of printing and dyeing products, except polyester staple fiber fabrics, have increased significantly The rise in freight prices has pushed up the unit price of export products, on the other hand, it has benefited from the sustained recovery of international market demand.

Table 1 export of eight categories of printing and dyeing products from January to February 2022

　　 3. Steady improvement of operation quality

According to the data of the National Bureau of statistics, from January to February 2022, the proportion of three fees for printing and dyeing enterprises above designated size is 7.90%, which is 0.70% lower than that of the previous year. Among them, cotton printing and dyeing enterprises are 7.65% and chemical fiber printing and dyeing enterprises are 9.63%; The turnover rate of finished products was 15.40 times / year, with a year-on-year increase of 3.84%; The turnover rate of accounts receivable was 7.96 times / year, with a year-on-year increase of 7.86%; The turnover rate of total assets was 0.86 times / year, with a year-on-year increase of 10.60%. The main operation quality indicators of the printing and dyeing industry continued to recover, and the capital turnover efficiency of enterprises continued to improve. However, under the influence of repeated domestic and foreign epidemic situation and poor connection between production and sales, the turnover rate of finished products of enterprises was still low. The data showed that from January to February, the inventory of printing and dyeing enterprises above designated scale increased by 14.59% year on year.

Table 2 main operation quality indexes of printing and dyeing enterprises above designated scale from January to February 2022

　　 4. Continuous improvement of economic benefits

According to the data of the National Bureau of statistics, from January to February 2022, the business income of printing and dyeing enterprises above designated size was 39.549 billion yuan, with a year-on-year increase of 18.89%; The total profit was 755 million yuan, a year-on-year increase of 51.48%; The profit margin of cost and expense was 1.99%, increased by 0.44 percentage points year on year; The sales profit margin was 1.91%, with a year-on-year increase of 0.41%; The export delivery value was 6.055 billion yuan, with a year-on-year increase of 19.39%. The number of 1676 printing and dyeing enterprises above designated size was 658, with a loss area of 39.26%, with a year-on-year decrease of 0.13 percentage points; The total loss of loss making enterprises was RMB 905 million, with a year-on-year increase of 10.28%. From January to February, the prices of main raw materials in the printing and dyeing industry were still fluctuating at a high level, and the losses of loss making enterprises further expanded. However, on the whole, the profit level of printing and dyeing enterprises above designated size was significantly higher than that of the same period of the previous year, and the year-on-year growth rate of operating income and total profit was 5.40 and 53.23 percentage points higher than that of Enterprises above Designated Size in the textile industry respectively.

Table 3 main economic indicators of printing and dyeing enterprises above Designated Size from January to February 2022

Overall, since 2022, the economic recovery trend of the printing and dyeing industry has been good, but the uncertain and unstable factors at home and abroad have increased. The epidemic situation in Jilin, Shanghai and other provinces is severe, and the production and consumption of printing and dyeing industry are affected to a certain extent; The conflict between Russia and Ukraine has led to a further rise in the prices of oil, natural gas and other commodities, and the production costs of the manufacturing industry are under pressure; The tightening of economic policies in developed economies has an inhibitory effect on international market demand. Under the influence of a variety of factors, the economic operation of printing and dyeing industry is facing increasing uncertainty, and the future trend needs further observation.

(source: China printing and dyeing industry association)