From January to August 2022, the production of printing and dyeing industry continued to slow down, and the decline of printing and dyeing cloth output of printing and dyeing enterprises above the scale still showed an expanding trend. Major operating quality indicators fluctuated slightly, and the efficiency of linking production and sales in the industry continued to improve. The growth rate of major economic performance indicators has fallen, the growth rate of total profits has dropped significantly, and corporate profits have come under significant pressure. The foreign trade aspect shows the strong development toughness, the main printing and dyeing product export maintains the volume price rise trend.

The recovery of terminal demand is slow

According to data from the National Bureau of Statistics, from January to August 2022, the printing and dyeing cloth output of enterprises above designated size in the printing and dyeing industry was 36.098 billion meters, down 8.34% year on year and 1.51 percentage points higher than that from January to July. On a monthly basis, the printing and dyeing cloth output of the above scale printing and dyeing enterprises in August was 4.622 billion meters, 1.44% lower than that in July, and the monthly output continued to hit a new low in the year, reflecting the contradiction of the current lack of demand is still relatively prominent, and the overall low capacity utilization rate of printing and dyeing enterprises. 1 - August, according to data from the National Bureau of Statistics, national limitation above clothing shoes and hats, needles textiles goods retail sales by 4.4%, year-on-year decline in a 1 - narrowed 1.2% in July, but fell 29.2% from a year earlier, distributed in the outbreak happens, Europe and the United States and other countries to speed up the tightening monetary policy, geopolitical risk continues under the influence of factors such as, The end market especially the domestic market to the textile clothing consumption demand recovery is relatively slow.

Operational quality indicators fluctuated slightly. The efficiency of linking production and sales continued to improve

According to data from the National Bureau of Statistics, from January to August 2022, the proportion of three expenses of printing and dyeing enterprises above the scale was 6.38%, 0.49 percentage points lower than that of the previous year, among which, cotton printing and dyeing enterprises were 6.19%, and chemical fiber printing and dyeing enterprises were 7.64%; The turnover rate of finished products was 17.07 times/year, slowing down by 1.72%. Accounts receivable turnover rate 8.63 times/year, an increase of 0.61%; The turnover rate of total assets is 1.02 times/year, up 0.64% year-on-year. Compared with January to July, from January to August, the growth rate of receivables turnover and total assets turnover in the printing and dyeing industry decreased slightly by 0.47 percentage points and 1.78 percentage points respectively, and the turnover rate of finished products decreased by 0.64 percentage points, showing a recovery trend for two consecutive months, and the convergence efficiency of production and sales in the industry continued to improve.

The growth rate of efficiency indicators fell and corporate profits came under obvious pressure

According to data from the National Bureau of Statistics, from January to August 2022, the operating revenue of printing and dyeing enterprises above designated size reached 202.446 billion yuan, up 8.49% year on year; The total profit reached 7.617 billion yuan, up 0.86% year on year; The profit margin of cost and expense was 4.00%, 0.30 percentage points lower than that of the previous year; Sales profit margin 3.76%, down 0.29 percentage points year-on-year; The value of export delivery reached 26.561 billion yuan, up 6.08% year on year. Among 1704 printing and dyeing enterprises above designated size, the number of households with losses was 572, with a loss surface of 33.57%; The total loss of loss-making enterprises was 2.229 billion yuan, up 58.95 percent year on year.

Since August, the printing and dyeing industry's main economic indicators are under obvious pressure, compared with January to July, January to August regulation on the printing and dyeing business revenue growth rate fell 2.03 percentage points, total profit growth rate fell 9.21 percentage points, sales margin decline by 0.28 percentage points, the loss of enterprises total loss growth rate increased 7.66 percentage points. The total profit growth of printing and dyeing enterprises has declined significantly, and the total loss of the loss of enterprises is still growing, reflecting the current production and operation pressure of most enterprises is still large.