Major listed companies in the industry: Huafang Co., Ltd. (600448.SH), Lutai A (000726.SZ), Hangmin Co., Ltd. (600987.SH), Fengzhu Textile (600493.SH), Fuchun Dyeing and Weaving (605189.SH) , Yingfeng Group (605055.SH), Huafu Fashion (002042.SZ), Sanfangxiang (600370.SH), Hongda Hi-Tech (002144.SZ), Jihua Group (601718.SH), Xinao Group ( 603889.SH), Hongdou Co., Ltd. (600400.SH), Jiaxin Silk Co., Ltd. (002404.SZ), Lianfa Co., Ltd. (002394.SZ), etc.
Core data of this article: product output, market size, profitability, development trends
Mainly divided into cotton dyeing, wool dyeing and silk dyeing
Printing and dyeing refers to the processing of bleaching, dyeing, and printing of cotton textiles, wool textiles, linen textiles, silk fabrics, chemical fiber textiles, and knitted or crocheted fabrics.
The output of printed and dyed cloth reaches a new high in the past ten years
From 2012 to 2020, due to insufficient domestic and foreign demand and intensified pressure on environmental protection and emission reduction, industry output showed a fluctuating downward trend. According to data from the National Bureau of Statistics, from January to December 2021, the output of printed and dyed fabrics by enterprises above designated size in the printing and dyeing industry was 60.581 billion meters, a year-on-year increase of 11.76%. The two-year average growth rate was 6.15%. The two-year average growth rate has increased for 4 consecutive months. In 2021, the development environment faced by my country’s printing and dyeing industry will still be complex. Multiple factors such as the epidemic, flood conditions, power and production restrictions, and rising raw material prices are superimposed, and the production of printing and dyeing enterprises has been affected to a certain extent. However, driven by the gradual recovery of the consumer market and the continued recovery of terminal demand, the production of the printing and dyeing industry has maintained a good growth trend. The monthly output of printing and dyeing fabrics of enterprises above designated size has remained above 5 billion meters, and the cumulative output for the whole year has exceeded 60 billion meters, a record of ten Best level in years.
Operating income rebounded quickly after the epidemic situation improved.
From 2016 to 2021, the operating income of China’s printing and dyeing enterprises above designated size has declined overall. In 2020, affected by the epidemic, the operating income of China’s printing and dyeing enterprises above designated size reached a low of 254.132 billion yuan. In 2021, 1,584 printing and dyeing enterprises above designated size across the country achieved operating income of 294.987 billion yuan, a year-on-year increase of 15.06%, and an average growth of 2.07% in the two years.
The overall profitability of the industry is low
From 2016 to 2021, the total profits of China’s printing and dyeing enterprises above designated size showed a fluctuating downward trend. In 2021, 1,584 printing and dyeing enterprises above designated size across the country achieved a total profit of 15.913 billion yuan, a year-on-year increase of 25.60%, and an average growth of 0.25% in the two years. From the perspective of gross profit margin, the overall gross profit margin level of the printing and dyeing industry is relatively low, remaining at around 5.50%.
The industry is accelerating its transformation from scale and quantity to quality and efficiency.
The “Guiding Opinions on the Development of the Printing and Dyeing Industry during the 14th Five-Year Plan” and the “Development Outline for the Textile Industry during the 14th Five-Year Plan” were compiled based on the “14th Five-Year Plan for National Economic and Social Development of the People’s Republic of China and the Outline of Long-term Goals for 2035” , mainly clarifies the strategic direction of the development of my country’s printing and dyeing industry during the “14th Five-Year Plan” period, clarifies development goals and main tasks, and is a guiding document for the development of the industry. The “Guiding Opinions on the Development of the Printing and Dyeing Industry during the “14th Five-Year Plan”” mainly puts forward relevant development directions and goals in four major aspects: industry growth, technological innovation, structural adjustment, and green development.
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