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Industry News | Time: Dec 11 2019 2:31PM
Economic operation of printing and dyeing industry in Jan-Oct 2019
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In Jan-Oct 2019, output of printing and dyeing fabrics of enterprises above designated size is 44.169 billion meters, up by 4.51% than that in same period of 2018, and the growth rate is 2.45% higher than that in last year.

In Jan-Oct 2019, proportion of business, management and financial expenses of printing and dyeing mils above designated size was at 6.75%, 0.17% higher than that in same period of 2018, including 6.44% for cotton printing and dyeing enterprises and 9.17% for chemical fiber printing and dyeing mils. Rate of return on cost was at 5.26%, up by 0.28% year-on-year; sales margins were 4.92%, up by 0.23% year-on-year; the turnover rate of finished products was 17.21 times/year, down by 1.15% year-on-year; the turnover rate of accounts receivable was 6.70 times/year, up by 8.81% year-on-year. Turnover rate of total assets reached 0.90 times/year, down by 0.72% year-on-year.

In Jan-Oct 2019, 1622 printing and dyeing enterprises above designated size achieved main business income of 226.487 billion yuan, down by 0.63% year-on-year; total profit of 11.142 billion yuan, up by 4.26% year-on-year; export delivery value of 34.613 billion yuan, up by 3.11% year-on-year.

In Jan-Oct 2019, 345 printing and dyeing enterprises above designated size suffered losses of 21.27%, 1.13 % higher than that in same period of 2018. Total losses were at 1.419 billion yuan, down by 0.86% year-on-year.

It is not only a key year to secure a decisive victory in building a moderately prosperous society in all respects in 2019, but also an important year to basically achieve the goal of building a strong textile country and make positive progress in transformation and upgrading of the printing and dyeing industry. In addition, the printing and dyeing industry pays more attention to upgrading of product structure and adjustment of market structure. The proportion of self-supporting trade and high-quality products keeps increasing, and the profitability of the industry further enhances. At the same time, the printing and dyeing industry also pays more attention to improving the level of green development, so as to achieve a more efficient way. Effective measures are made to strengthen environmental governance and promote the construction of ecological civilization. It is expected that the printing and dyeing industry will continue to maintain stable development, and the main operation indicators will remain relatively stable till end-2019. However, due to trade friction and insufficient demand, overall production and operation situation of the industry is still grim, and it is more urgent to promote the high-quality development of the industry.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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