Industry Data: Analysis Of Printing And Dyeing Industry Economy From January To August

From January to August in 2022, the production of printing and dyeing industry continues to slow down, and the decline of printing and dyeing fabric output of printing and dyeing enterprises above the designated scale is still expanding; The main operation quality indicators fluctuated slightly, and the efficiency of industry production and marketing convergence continued to improve; The growth rate of main economic benefit indexes fell down, the growth rate of total profit decreased significantly, and the profit of enterprises was significantly under pressure; Foreign trade showed a strong development toughness, and the export of main printing and dyeing products kept rising both in volume and price.

Slow recovery of terminal demand

Insufficient capacity release of enterprises

According to the data of the National Bureau of statistics, from January to August 2022, the output of printing and dyeing fabrics of Enterprises above Designated Size in the printing and dyeing industry will reach 36.098 billion meters, a year-on-year decrease of 8.34%, and the decrease rate will be 1.51 percentage points larger than that from January to July. On a month on month basis, the output of printing and dyeing enterprises above designated scale in August was 4.622 billion meters, which was 1.44% lower than that in July. The monthly output continued to record a new low in the year, reflecting that the contradiction of insufficient demand is still prominent, and the overall capacity utilization rate of printing and dyeing enterprises is low. According to the data of the National Bureau of statistics, from January to August, the retail sales of clothing, footwear, knitwear and textiles above the national quota decreased by 4.4% year-on-year, 1.2% lower than that in January July, but 29.2% lower than that in the same period last year. Under the influence of frequent epidemic outbreaks, accelerated tightening of monetary policies in Europe and the United States, and the continuation of geopolitical risks, the retail sales of clothing, shoes, hats, and textiles above the national quota decreased by 4.4% year on year, The consumer demand for textiles and clothing in the terminal market, especially in the domestic market, is recovering slowly.

Operation quality index fluctuates slightly

The efficiency of production and marketing convergence continued to improve

According to the data of the National Bureau of statistics, from January to August 2022, the proportion of three fees for printing and dyeing enterprises above designated size is 6.38%, which is 0.49% lower than that of the previous year. Among them, cotton printing and dyeing enterprises are 6.19% and chemical fiber printing and dyeing enterprises are 7.64%; The turnover rate of finished products was 17.07 times / year, with a year-on-year decrease of 1.72%; The turnover rate of accounts receivable was 8.63 times / year, with a year-on-year increase of 0.61%; The turnover rate of total assets was 1.02 times / year, with a year-on-year increase of 0.64%. Compared with January to July, the growth rate of accounts receivable turnover and total asset turnover of printing and dyeing industry decreased slightly by 0.47 and 1.78 percentage points respectively, and the decline rate of finished product turnover rate was narrowed by 0.64 percentage points, showing a recovery trend for two consecutive months, and the industry's production and marketing convergence efficiency continued to improve.

The growth rate of benefit index dropped

The profits of enterprises are obviously under pressure

According to the data of the National Bureau of statistics, from January to August 2022, the business income of printing and dyeing enterprises above Designated Size will reach 202.446 billion yuan, with a year-on-year increase of 8.49%; The total profit was 7.617 billion yuan, with a year-on-year increase of 0.86%; The profit margin of cost and expense was 4.00%, 0.30% lower than that of the previous year; The sales profit margin was 3.76%, down 0.29% year on year; The export delivery value was 26.561 billion yuan, up 6.08% year on year. 572 of 1704 printing and dyeing enterprises above designated scale suffered losses, accounting for 33.57%; The total loss of loss making enterprises was 2.229 billion yuan, with a year-on-year increase of 58.95%.

Since August, the main economic indicators of the printing and dyeing industry have been under obvious pressure. Compared with January to July, the growth rate of operating income of printing and dyeing enterprises above designated size has dropped by 2.03 percentage points, the growth rate of total profit has decreased by 9.21 percentage points, the decline rate of profit margin of sales has expanded by 0.28 percentage points, and the growth rate of total loss of loss making enterprises has increased by 7.66 percentage points. The growth rate of total profit of printing and dyeing enterprises above designated size has declined significantly, while the total loss of loss making enterprises is still increasing, which reflects that most enterprises are still under great pressure in production and operation.

Foreign trade shows strong resilience

Export continues to grow

According to the statistical data of China Customs, from January to August 2022, the export volume of eight categories of printing and dyeing products was 20.085 billion meters, with a year-on-year increase of 10.06%; The export volume reached 21.286 billion US dollars, up 18.31% year on year; The average export unit price was 1.06 USD / m, up 7.50% year on year. In terms of products, the export volume and export value of synthetic filament fabrics increased by 18.27% and 30.15% respectively from January to August, which was the highest and fastest growing category among the eight categories of printing and dyeing products; Due to the so-called "Xinjiang act" introduced by the United States, the export volume of cotton dyed fabrics and cotton printed fabrics decreased by 17.11% and 20.54% respectively.

Generally speaking, the current printing and dyeing industry is still facing many unstable and uncertain factors, and the printing and dyeing enterprises are still facing great difficulties in production and operation. In the face of high manufacturing costs and the lack of production orders, business pressure continues to increase. At the same time, under the influence of the epidemic situation, the overall domestic consumption is weak. With the rapid tightening of monetary policy in Europe and the United States and other developed economies, the consumption expectation in the international market also decreases, and the possibility of reducing foreign demand increases, which restricts the export of printing and dyeing products in China. The realistic pressure for the industry to achieve stable development still exists, and the foundation for steady recovery still needs to be further consolidated.

(source: China printing and dyeing industry association)