In the first half of 2021, my country’s overall epidemic prevention and control and economic and social development results continued to be consolidated, the production situation of the printing and dyeing industry continued to improve, corporate efficiency gradually improved, exports maintained rapid growth, and the overall economic operation situation was stable and improving. At the same time, we must also note that the current epidemic situation abroad has been recurring, and there has been a partial rebound of the epidemic in many places in China. The rise in international commodity prices has affected the production and operation of the industry. The development situation of the industry is still complex, and the stability and recovery of the industry still faces many challenges.
The production situation continues to improve, and development momentum continues to increase
Since 2021, my country’s printing and dyeing industry Capacity utilization has always remained at a high level, and the production scale has increased significantly compared with before the epidemic. According to data from the National Bureau of Statistics, in the first half of 2021, the output of printed and dyed fabrics by printing and dyeing enterprises above designated size was 28.743 billion meters, a significant year-on-year increase of 25.93%, and an increase of 20.41% compared with the same period in 2019. Industry production has achieved a rapid recovery. On the one hand, it is because the domestic epidemic prevention and control situation is basically stable, which provides a strong guarantee for enterprises to carry out various production and operation activities in an orderly manner. On the other hand, it benefits from the continued release of domestic and foreign market demand and the driving role of consumption. In the first half of this year, the national sales of clothing, shoes, hats, and knitted textiles above designated size increased by 33.7% year-on-year, and the cumulative export volume of clothing increased significantly by 40.3% year-on-year. The smooth circulation of domestic and foreign consumer markets has become an important support for the stable recovery of the industry. The output of printed and dyed fabrics by printing and dyeing enterprises above designated size in the first half of 2019-2021 is shown in Figure 1.
The quality and efficiency of development continue to improve, and the foundation for recovery still needs to be consolidated
According to data from the National Bureau of Statistics, in the first half of the year, the proportion of three expenses for printing and dyeing enterprises above designated size was 7.03%, a year-on-year decrease of 0.39 percentage points, of which 6.75% was for cotton printing and dyeing enterprises and 9.00% for chemical fiber printing and dyeing enterprises; finished product turnover The rate was 9.32 times/year, a year-on-year increase of 21.45%; the accounts receivable turnover rate was 4.30 times/year, a year-on-year increase of 18.13%; the total asset turnover rate was 0.50 times/year, a year-on-year increase of 18.30%, reflecting the smoother connection between production and sales in the current industry. Operational quality continues to improve. Since the beginning of this year, as enterprise production and operations have gradually normalized, the industry’s main operational quality indicators have achieved significant restorative growth based on the low base in the same period last year. However, some indicators still have significant gaps compared with before the epidemic. Compared with the same period in 2019, in the first half of 2021, the proportion of three fees for printing and dyeing enterprises above designated size increased by 0.26 percentage points, the turnover rate of finished products and total asset turnover rate decreased by 11.64% and 9.35% respectively, and the turnover rate of accounts receivable increased by 6.18% , the foundation for stable improvement in industry operation quality still needs to be further consolidated.
Table 1 Main operating indicators of printing and dyeing enterprises above designated size in the first half of 2021
According to data from the National Bureau of Statistics, In the first half of the year, the country’s 1,550 printing and dyeing enterprises above designated size achieved operating income of 135.120 billion yuan, a year-on-year increase of 27.02%; total profits of 5.213 billion yuan, a significant year-on-year increase of 53.76%; cost and expense profit margins were 4.09%, a year-on-year increase of 0.75 percentage points; sales profits The rate was 3.86%, a year-on-year increase of 0.67 percentage points; the number of loss-making enterprises was 458, with a loss area of 29.55%, narrowing 12.91 percentage points year-on-year; the total loss of loss-making enterprises was 1.125 billion yuan, a year-on-year decrease of 38.68%; the export delivery value was 18.203 billion Yuan, a year-on-year increase of 19.10%, reflecting the accelerated recovery of corporate profitability and continued improvement in operating efficiency. Compared with the same period in 2019, in the first half of 2021, the operating income of printing and dyeing enterprises above designated size decreased by 0.73%, the total profit decreased by 12.50%, the cost profit margin decreased by 0.55 percentage points, the sales profit margin decreased by 0.52 percentage points, and the loss area expanded by 5.93 percentage points. percentage points, the total loss increased by 8.95%, and the export delivery value decreased by 9.17%.
On the whole, driven by the gradual recovery of domestic and foreign markets, the economic benefits of the industry have continued to recover. In the first half of the year, the operating income of printing and dyeing companies has been basically the same as before the epidemic. However, due to the raw materials, labor costs, and shipping costs this year, When there is a significant increase, corporate operating costs increase and profit margins are squeezed. The gap between the total industry profit and sales profit margin and the same period in 2019 is still obvious. The industry still faces many challenges in achieving a comprehensive recovery.
Table 2 Main economic indicators of printing and dyeing enterprises above designated size in the first half of 2021
Exports continue to grow, and the foreign trade situation remains good
Since this year, the country has introduced a series of policy measures to stabilize foreign trade, and launched effective measures to support enterprises to expand markets and increase orders. The printing and dyeing industry Exports have maintained a rapid growth trend, and the export scale has also achieved positive growth compared with before the epidemic. What is particularly noteworthy is that the average export unit price of eight major categories of printing and dyeing products has achieved positive growth for the first time since the epidemic. According to China Customs HS 8-digit code statistics, in the first half of 2021, the export quantity of eight major categories of printing and dyeing products was 13.637 billion meters, a year-on-year increase of 40.66%; the export value was 13.417 billion US dollars, a year-on-year increase of 41.33%; the average export unit price was 0.98 US dollars/meter, a year-on-year increase 0.47%. Compared with the same period in 2019, the export quantity and export value increased by 4.87% and 0.47% respectively, and the average export unit price was .It dropped by 4.19%, reflecting that competition in the industry’s export market remains fierce.
Table 3 Export status of eight major categories of printing and dyeing products in the first half of 2021
Overall, the economic operation of the printing and dyeing industry continued to recover steadily in the first half of the year, laying a good foundation for stable operation throughout the year. In order to cope with the uncertainty of the external environment faced by future industry development, the next step is for the industry to further consolidate its scale advantage, give full play to the advantages of a complete manufacturing industry system, continue to promote supply-side structural reform, accelerate the formation of an innovation-driven flexible supply system, and use materials Innovation, process innovation, and product innovation will continue to increase the added value of products, enhance the industry’s ability to resist risks and develop resilience, and further consolidate the foundation for steady economic growth in the industry. </p
