In the first quarter, industry output declined and capacity utilization was low
Since 2012, due to domestic and foreign demand Insufficient, the cost of upstream dyes is high, environmental protection and emission reduction pressures are intensifying, and the industry’s output scale has been declining year by year. It rebounded in 2016 and was 49.069 billion meters in 2018. From January to December 2019, the output of printed and dyed fabrics by printing and dyeing enterprises above designated size was 53.763 billion meters, a year-on-year increase of 2.80%, and the growth rate was 0.17 percentage points higher than that of 2018.
In the first quarter of 2020, the output of printed and dyed fabrics by printing and dyeing enterprises above designated size was 9.401 billion meters, a year-on-year decrease of 15.15%. In February 2020, the domestic epidemic prevention and control situation was severe, transportation and logistics were blocked, and the industry was faced with difficulties in resuming work and production. Since March, as the domestic epidemic prevention and control situation has improved, the resumption of work and production has continued to advance, and the decline in output has narrowed by 7.27 percentage points compared with January to February. By the end of the first quarter of 2020, although the production resumption rate of the printing and dyeing industry has reached a high level, the overall level of capacity utilization is low.
In the first quarter, the operating efficiency of the industry declined and the losses of enterprises increased
According to data released by the National Bureau of Statistics, from January to December 2019, 1,633 printing and dyeing enterprises above designated size achieved main business income of 283.153 billion yuan, a year-on-year increase of 0.83%; total profits were 15.835 billion yuan, a year-on-year increase 6.49%.
Affected by the epidemic in the first quarter of 2020, domestic and foreign demand weakened, most companies did not operate enough, and some companies’ product prices or processing fees declined. In addition, wages, rent and other expenses were inelastic. , as well as the increase in epidemic prevention and control, logistics and transportation costs, corporate profitability has dropped significantly. Printing and dyeing enterprises above designated size achieved main business income of 48.535 billion yuan, a year-on-year decrease of 23.64%; total profits were 1.213 billion yuan, a significant decrease of 43.08% year-on-year.
However, compared with the data from January to February 2020, since March, as the domestic epidemic prevention and control situation continues to improve, the rate of resumption of work and production of enterprises has continued to increase. In particular, the government’s support policies for the industry have continued to achieve effective results, and the prosperity of the printing and dyeing industry has rebounded. The declines in the main business income and total profits of enterprises above designated size narrowed by 6.24 and 58.72 percentage points respectively compared with January and February.
From January to December 2019, the number of loss-making enterprises above designated size was 309, with a loss area of 18.92%, an increase of 1.25 percentage points from 2018; the total loss of loss-making enterprises was 1.711 billion yuan, a year-on-year increase of 9.76%, and the growth rate increased by 21.24 percentage points compared with 2018.
In the first quarter of 2020, the industry’s loss area and total loss increased significantly. Among the 1,561 printing and dyeing enterprises above designated size, the number of loss-making enterprises was 745, and the loss area reached 47.73%. Compared with 2019, The increase increased by 19.38 percentage points during the same period; the total loss of loss-making enterprises was 1.149 billion yuan, an increase of 72.56% compared with the same period in 2019.
In the first quarter, industry operating indicators declined and the total import and export volume of foreign trade enterprises decreased
From January to December 2019, the proportion of three fees for printing and dyeing enterprises above designated size was 6.72%, a year-on-year increase of 0.16 percentage points, of which cotton printing, dyeing and finishing enterprises accounted for 6.44%, and chemical fiber fabric dyeing, finishing and finishing enterprises accounted for 8.92% ; Cost and expense profit margin is 6.06%, a year-on-year increase of 0.39 percentage points; sales profit margin is 5.59%, a year-on-year increase of 0.30 percentage points; finished product turnover rate is 21.72 times/year, a year-on-year decrease of 0.80%; accounts receivable turnover rate is 8.17 times/year , a year-on-year increase of 8.74%; the total asset turnover rate was 1.10 times/year, a year-on-year increase of 1.44%.
In the first quarter of 2020, the overall industry operation was in a difficult state, and the main quality and efficiency indicators showed a year-on-year downward trend. The proportion of three expenses for printing and dyeing enterprises above designated size was 7.95%, an increase of 0.65 percentage points compared with the same period in 2019. Among them, cotton printing and dyeing enterprises accounted for 7.56%, and chemical fiber printing and dyeing enterprises accounted for 11.41%. The cost and expense profit margin was 2.60%, a decrease of 0.92 percentage points from the same period in 2019; the sales profit margin was 2.50%, a decrease of 0.85 percentage points from the same period in 2019; the finished product turnover rate was 3.58 times/year, a decrease of 38.13% from the same period last year; the turnover of accounts receivable The total asset turnover rate was 1.81 times/year, a year-on-year decrease of 25.25%; the total asset turnover rate was 0.19 times/year, a year-on-year decrease of 25.25%.
From January to December 2019, the total import and export volume of eight categories of printing and dyeing products was US$29.144 billion, a year-on-year increase of 7.34%, and the growth rate was 0.69 higher than the same period in 2018. percentage points; the trade surplus was US$25.689 billion, a year-on-year increase of 10.40%, and the growth rate was 1.87 percentage points higher than the same period in 2018.
In the first quarter of 2020, the total import and export volume of the eight categories of printing and dyeing was US$5.392 billion, a year-on-year decrease of 17.79%; the trade surplus was US$4.811 billion, a year-on-year decrease of 17.08%.
The above data comes from the “China Printing and Dyeing Industry Production and Sales Demand and Investment Forecast Analysis Report” by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute provides industry big data, Solutions for industrial planning, industrial declaration, industrial park planning, industrial investment promotion, etc. </p
