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

2020/8/15 17:34:00 0

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In the first half of 2020, the spread of Xinguan epidemic in the world has a great impact on China's printing and dyeing industry. In the first and second quarter of 2020, the main economic indicators of printing and dyeing enterprises, such as production, investment, quality and efficiency, were significantly decreased compared with the same period last year, and the industry as a whole showed a negative growth trend. Although some indicators of the printing and dyeing industry have shown signs of recovery since the second quarter, the current production and operation pressure of enterprises is still prominent, and the lack of demand is still the biggest problem troubling enterprises. The industry is facing great challenges in maintaining stable operation throughout the year.

Printing and dyeing fabric output decline continues to narrow

According to the data of the National Bureau of statistics, from January to June 2020, the output of printing and dyeing enterprises above designated scale will reach 21.995 billion meters, a year-on-year decrease of 12.04%. Since the second quarter, with the continuous improvement of the domestic new crown epidemic prevention and control situation, the domestic economic activities have gradually recovered. In addition, since May, the foreign market has been gradually opened up, and the demand of textile terminal market has rebounded. The decline rate of output from January to June has narrowed by 2.42 percentage points month on month.

The operation quality has further declined, and the enterprise operation continues to be under pressure

According to the data of the National Bureau of statistics, from January to June 2020, the proportion of three fees for printing and dyeing enterprises above designated size was 7.53%, with a year-on-year increase of 0.71%. Among them, cotton printing and dyeing enterprises accounted for 7.16%, and chemical fiber printing and dyeing enterprises accounted for 10.25%. The turnover rate of finished products was 7.58 times / year, with a year-on-year decrease of 30.79%; the turnover rate of accounts receivable was 3.59 times / year, with a year-on-year decrease of 26.67%; and the turnover rate of total assets was 0.41 times / year, with a year-on-year decrease of 24.21%.

From the month of January to June, the proportion of three fees increased by 0.16 percentage points, the decrease of turnover rate of finished products narrowed slightly by 0.32 percentage points, the decrease of turnover rate of accounts receivable and total assets increased by 1.82 and 2.19 percentage points respectively, indicating that the pressure on capital turnover of enterprises has not been significantly alleviated, and the operating pressure is still large.

The economic benefits of enterprises have deteriorated further

According to the data of the National Bureau of statistics, from January to June 2020, the main business income of printing and dyeing enterprises above designated size was 105.115 billion yuan, with a year-on-year decrease of 21.81%; the main business cost was 92.506 billion yuan, with a year-on-year decrease of 21.62%, accounting for 88.00% of the main business income; the profit margin of cost and expense was 3.30%, with a year-on-year decline of 1.15%; the profit margin of sales was 3.16%, with a year-on-year decrease of 1.05%; and the total profit was 33.33% 16 billion yuan, a significant decrease of 41.46% over the same period of last year; the export delivery value of 15.087 billion yuan, a year-on-year decrease of 23.95%.

665 printing and dyeing enterprises above Designated Size suffered losses, accounting for 42.46%, an increase of 18.84 percentage points over the same period of last year; the total loss of loss making enterprises was 1.887 billion yuan, a significant increase of 92.37% year-on-year.

From a month on month basis, although the decline in the output of printing and dyeing fabrics has narrowed since June, the profit level of enterprises has decreased slightly compared with that in May, and the pressure for improving efficiency is still great.

The export situation has improved, but the recovery process is slow

According to the statistics of China Customs, in the first half of 2020, China's total import and export of eight categories of printing and dyeing products amounted to US $10.064 billion, a year-on-year decrease of 29.17%; and a trade surplus of 8.922 billion US dollars, a year-on-year decrease of 28.62%.

The import volume of eight categories of printing and dyeing products was 269 million meters, a year-on-year decrease of 40.95%; the import amount was 571 million US dollars, a year-on-year decrease of 33.19%; the average import unit price was 2.12 US dollars / meter, an increase of 13.15% year-on-year.

The export volume of the eight categories of printing and dyeing was 9.695 billion meters, with a year-on-year decrease of 25.45%; the export value was US $9.493 billion, a year-on-year decrease of 28.91%; the average export unit price was 0.98 US dollars / meter, a year-on-year decrease of 4.64%.

On a month on month basis, the decline in the export volume and export value of the eight categories of printing and dyeing products from January to June narrowed by 0.92% and 0.63% respectively, indicating that the export situation showed signs of improvement, but the recovery process was relatively slow.

Main export markets

From the perspective of major export markets, from January to June 2020, the export volume of eight categories of printing and dyeing products to the United States and European Union regions with severe epidemic situation decreased by more than 30%, but the decline was 2.27% and 1.08% respectively compared with that in May; the export volume and export amount to countries along the "belt and road" decreased by more than 20%, with a small decrease of 0.90% and 0.64% respectively; the export volume and export value of eight categories of printing and dyeing products to countries along the "belt and road" decreased by 0.90% and 0.64% respectively The export performance was relatively good, but with the rebound of domestic epidemic situation in Japan since the second quarter, the decline of export volume and export value of eight major categories of printing and dyeing products to Japan showed an expanding trend, expanding by 1.63 and 2.15 percentage points compared with the month on month in May (see the table below).

At present, the global epidemic is still spreading and spreading, and the prospect is still highly uncertain. The impact of the epidemic on the operation of global supply chain and economy will continue to develop and evolve, and the pressure on the industry to maintain stable operation throughout the year is still great. Looking forward to the second half of the year, the continuous development of national macro policies and the further release of domestic demand will provide an important guarantee for the industry economy to return to normal track.

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