Since 2021, although the epidemic situation has rebounded in some foreign countries, as countries actively promote vaccination and other epidemic prevention measures, the global epidemic situation has generally improved, and the world The economy continues to recover, and my country’s epidemic prevention and control and economic development achievements have been further consolidated. In the first quarter, production in my country’s printing and dyeing industry accelerated, and capacity utilization continued to increase. The output of printed and dyed fabrics exceeded the pre-epidemic level in the same period, exports increased significantly, and operation quality and efficiency continued to improve. However, the overall efficiency of the industry is still far behind that before the epidemic. The foundation for achieving comprehensive and sustained recovery needs to be further consolidated, and stabilizing growth and improving quality and efficiency still face greater challenges.
Terminal demand continues to improve, supporting the production of the printing and dyeing industry to maintain rapid growth
According to data from the National Bureau of Statistics, in the first quarter of 2021, printing and dyeing enterprises above designated size Cloth output was 12.161 billion meters, a significant year-on-year increase of 27.35% and an increase of 17.57% compared with the same period in 2019, indicating that the industry’s production scale has returned to pre-epidemic levels. In the first quarter, the national retail sales of clothing, shoes, hats, and knitted textiles above designated size increased by 54.2% year-on-year, and the export volume of textiles and clothing increased by 44% year-on-year. With the strong support of the obvious recovery in domestic and foreign terminal market demand and the stable and smooth industrial chain and supply chain, my country’s Production in the printing and dyeing industry maintains a rapid growth momentum.
Operation quality and efficiency have improved, but the foundation for improvement still needs to be consolidated
According to data from the National Bureau of Statistics, in the first quarter of 2021, printing and dyeing enterprises above designated size The ratio of three expenses was 7.69%, a year-on-year decrease of 0.17 percentage points, of which 7.32% was for cotton printing and dyeing enterprises and 10.33% for chemical fiber printing and dyeing enterprises; the finished product turnover rate was 4.30 times/year, a year-on-year increase of 17.63%; the accounts receivable turnover rate was 2.05 times /year, a year-on-year increase of 11.56%; the total asset turnover rate was 0.22 times/year, a year-on-year increase of 14.30%. Compared with the same period in 2019, in the first quarter of 2021, the company’s three-cost ratio increased by 0.39 percentage points, the turnover rate of finished products decreased by 25.76%, the turnover rate of accounts receivable decreased by 15.36%, and the total asset turnover rate decreased by 14.50%.
Table 1 Main operating indicators of printing and dyeing enterprises above designated size in the first quarter of 2021
2021 In the first quarter of this year, the operating income of printing and dyeing enterprises above designated size was 58.205 billion yuan, a year-on-year increase of 20.85%; the operating cost was 51.303 billion yuan, a year-on-year increase of 20.27%, accounting for 88.14% of the main business income; the total profit was 1.436 billion yuan, a significant year-on-year increase of 21.71% %; the cost profit margin was 2.57%, a year-on-year increase of 0.03 percentage points; the sales profit margin was 2.47%, a year-on-year increase of 0.02 percentage points; the export delivery value was 8.205 billion yuan, a year-on-year increase of 8.12%. Compared with the same period in 2019, in the first quarter of 2021, main business income decreased by 8.42%, total profit decreased by 32.65%, cost and expense profit margin decreased by 0.95 percentage points, sales profit margin decreased by 0.88 percentage points, and export delivery value decreased by 16.70% .
The number of 1,541 printing and dyeing enterprises above designated size was 601, with a loss area of 39.00%, a year-on-year narrowing of 8.73 percentage points, and an increase of 10.65 percentage points from the same period in 2019; the total loss of loss-making enterprises was 9.50 billion, a year-on-year decrease of 14.78% and a year-on-year increase of 42.64%.
The above analysis shows that the main economic performance indicators of my country’s printing and dyeing industry improved significantly in the first quarter compared with the same period last year, but there is still a significant gap compared with before the epidemic, and the industry’s good foundation needs to be further consolidated.
Table 2 Main economic indicators of printing and dyeing enterprises above designated size in the first quarter of 2021
Export Maintaining rapid growth, the export scale has shown a trend of “increasing volume and falling prices” compared with before the epidemic
In the first quarter of 2021, with the recovery of demand in major consumer markets such as Europe, the United States, and Japan, my country’s exports of printing and dyeing products have achieved Faster growth. According to China Customs HS 8-digit code statistics, in the first quarter of 2021, the export quantity of eight major categories of printing and dyeing products was 6.290 billion meters, a year-on-year increase of 23.73%; the export value was US$6.150 billion, a year-on-year increase of 20.55%; the average export unit price was US$0.98/meter, a year-on-year decrease 2.57%. Compared with the same period in 2019, the growth rates of export quantity, export value and average export unit price were 5.46%, -0.50% and -5.64% respectively, indicating that the export quantity of printing and dyeing products in the first quarter of 2021 has exceeded the same period in 2019, but the export value The decline in the average unit price of exports and exports reflects on the one hand the increased competitive pressure on foreign trade companies under the influence of the epidemic, and on the other hand it also shows that the spending power and willingness to consume non-rigidly needed textile and apparel consumer goods in foreign markets have not yet fully recovered.
Table 3 Export status of eight major categories of printing and dyeing products in the first quarter of 2021
2021 In the first quarter, the domestic and international situations faced by the printing and dyeing industry were still complicated, but the overall performance started well. Looking forward to the whole year of 2021, as the COVID-19 epidemic is still spreading around the world, the uncertainty of the international trade environment is still great. Coupled with multiple factors such as intensified price fluctuations of upstream raw materials, rising labor costs, and high logistics freight, the production and operation of printing and dyeing enterprises are under pressure. It is difficult to achieve substantial relief in the short term. However, the economic operation of my country’s printing and dyeing industry still has the important foundation and favorable conditions to maintain a stable and positive trend., on the one hand, the state will continue to support enterprises to recover and enhance vitality. This year’s government work report clearly stated that it will continue to bail out market entities, maintain the continuity, stability and sustainability of macro policies, and not make sharp turns. The support of market entities will not weaken; on the other hand, the domestic demand market has further strengthened its support for industry development. In the first quarter of 2021, China’s GDP increased by 18.3% year-on-year, an increase of 10.3% compared with the first quarter of 2019 before the epidemic. The sustained and stable recovery of the economy is conducive to the improvement of the domestic consumption environment. The continuous release of consumer demand potential has provided market power for the printing and dyeing industry to accelerate recovery. The accelerated construction of a new “dual cycle” development pattern has promoted the continued recovery of the printing and dyeing industry.
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