From January to October 2020, my country's printing and dyeing industry continued to continue its steady recovery. The decline in major economic indicators such as production and efficiency has further narrowed. The quality and efficiency of industry operations have continued to be restored, and the production and operation of enterprises have gradually improved. Although Europe and the United States have faced the second impact of the new crown epidemic since the third quarter, which has delayed the recovery of international market demand to a certain extent, as my country's super-large domestic demand market continues to be released, the recovery trend of the printing and dyeing industry has been further consolidated.

Production decline continues to narrow

According to data from the National Bureau of Statistics, from January to October, the output of printing and dyeing fabrics of printing and dyeing enterprises above designated size was 40.667 billion meters, a year-on-year decrease of 8.86%. The rate of decline in output was 1.81 percentage points lower than the previous three quarters. Since September, with the continuous recovery of the domestic consumer market, the production of domestic printing and dyeing enterprises has improved significantly, the number of orders has increased significantly, and the recovery of capacity utilization has accelerated. From January to September, and from January to October, the output of printed and dyed fabrics decreased by more than 6 percentage points. The output of printed and dyed fabrics from January to October narrowed to single digits for the first time in the year.

The running quality is improving steadily

According to data from the National Bureau of Statistics, from January to October, the three-cost ratio of printing and dyeing enterprises above designated size was 7.09%, an increase of 0.37 percentage points year-on-year. Among them, cotton printing and dyeing enterprises accounted for 6.83% and chemical fiber printing and dyeing enterprises were 9.00%. The finished product turnover rate was 13.63 times/year, a year-on-year decrease of 22.83%; the accounts receivable turnover rate was 6.16 times/year, a year-on-year decrease of 25.20%; the total asset turnover rate was 0.75 times/year, a year-on-year decrease of 17.39%. Compared with the previous three quarters, from January to October, the proportion of three expenses for enterprises decreased by 0.12 percentage points, the decline in finished product turnover rate narrowed by 3.58 percentage points, the decline in accounts receivable turnover rate narrowed by 2.63 percentage points, and the decline in total asset turnover rate closed. Narrow by 1.79 percentage points.

Economic benefits gradually improved

According to the National Bureau of Statistics, the main business income of printing and dyeing enterprises above designated size from January to October was 195.989 billion yuan, a year-on-year decrease of 15.04%; the main business cost was 170.413 billion yuan, a year-on-year decrease of 15.13%, accounting for 86.95% of the main business income; The total profit was 8.511 billion yuan, a year-on-year decrease of 23.27%; the cost profit margin was 4.62%, a year-on-year decrease of 0.51 percentage points; the sales profit rate was 4.34%, a year-on-year decrease of 0.47 percentage points; the completed export delivery value was 28.212 billion yuan, a year-on-year decrease of 19.32%. Compared with the previous three quarters, the decline in main business revenue from January to October narrowed by 2.27 percentage points, the decline in total profit narrowed by 4.93 percentage points, the profit margin of costs and expenses increased by 0.40 percentage points, and the sales profit margin increased by 0.35 percentage points. The decline in value of goods narrowed by 1.26 percentage points.

The number of 1578 printing and dyeing enterprises above designated size was 528, with a loss of 33.46%, an increase of 12.19 percentage points year-on-year, and a decrease of 1.86 percentage points from the previous three quarters. The total loss of loss-making enterprises was 2.01 billion yuan, an increase of 49.54% year-on-year, a larger increase than the previous year. 13.31 percentage points narrowed in the first three quarters

The current foreign epidemic situation is still spreading, and unilateralism, trade protectionism and other factors are superimposed. The foreign trade market of my country's printing and dyeing industry is still facing more uncertainty and instability. The foreign trade pressure of my country's printing and dyeing industry is still difficult to be obvious in a short time. It will take a long time for exports to return to their pre-epidemic levels. At the same time, the effective prevention and control of the domestic epidemic provides a strong guarantee for the continuous recovery of the industry, and the supporting role of domestic demand for the stable development of the industry has been further strengthened. The overall capacity utilization level and order situation of the printing and dyeing industry are expected to continue to pick up.