Basic situation of economic operation of dyeing and printing industry in 2019

In 2019， the economic situation at home and abroad is still complicated and severe， the global economic growth has slowed down， and domestic and foreign risks and challenges facing the dyeing and printing industry have increased significantly. Faced with multiple pressures， the dyeing and printing industry adhered to the supply-side structural reform as the main line， changed the development mode， optimized the industrial structure， and converted the growth momentum， achieving relatively stable development.

From January to December 2019， the output of dyed and printed cloth of dyeing and printing enterprises above designated size was 53.763 billion meters， a year-on-year increase of 2.80%， and the growth rate was 0.17 percentage points higher than in 2018.

From January to December 2019， the proportion of the three fees of dyeing and printing enterprises above designated size was 6.72%， an increase of 0.16 percentage points year-on-year. Among them， cotton dyeing and printing and finishing companies were 6.44%， and chemical fiber fabric dyeing and finishing companies were 8.92%； the cost expense margin was 6.06%， a year-on-year increase of 0.39 percentage points； a sales profit margin of 5.59%， a year-on-year increase of 0.30 percentage points； a finished product turnover rate of 21.72 times/year， a year-on-year decrease of 0.80%； an accounts receivable turnover rate of 8.17 times/year， a year-on-year increase of 8.74%； the total asset turnover rate was 1.10 times/year， an increase of 1.44% year-on-year.

According to data released by the National Bureau of Statistics， from January to December 2019， 1，633 dyeing and printing enterprises above designated size achieved main business income of 283.153 billion yuan， a yearon-year increase of 0.83%， a growth rate of 2.15 percentage points lower than that in 2018； total profits of 15.835 billion yuan， an increase of 6.49% yearon-year， a growth rate of 11.44 percentage points lower than in 2018； the cost of main business was 242.481 billion yuan， a decrease of 0.58% year-on-year， accounting for 85.64% of the main business revenue； the export delivery value was 41.469 billion yuan， an increase of 0.31% year-on-year.

From January to December 2019， there were 309 loss-making enterprises of dyeing and printing enterprises above designated size， with the percentage of lossmaking enterprises is 18.92%， an increase of 1.25 percentage points from 2018； the total loss of loss-making companies was 1.711 billion yuan， an increase of 9.76% year-on-year， and a growth rate of 21.24 percentage points higher than that in 2018.

From January to December 2019， the total import and export of the eight major dyeing and printing products was USD 29.144 billion， an increase of 7.34% yearon-year， a growth rate of 0.69 percentage points higher than that of the same period in 2018； the trade surplus reached USD 25.689 billion， a year-on-year increase of 10.40%， a growth rate of 1.87 percentage points higher than that of the same period in 2018.

From January to December 2019， the import volume of eight categories of dyeing and printing products was 878 million meters， a year-on-year decrease of 12.62%， a growth rate of 8.40 percentage points lower than that in 2018； the import value was USD 1.727 billion， a year-onyear decrease of 10.94%， a growth rate of 7.69 percentage points lower than that in 2018； the average import unit price was 1.97 USD/meter， a year-on-year increase of 1.92%， a growth rate of 0.86 percentage points higher than that in 2018.

From January to December 2019， the export volume of eight categories of dyeing and printing products reached 26.823 billion meters， a year-on-year increase of 12.83%， a growth rate of 10.13 percentage points higher than that in 2018； the export value reached USD 27.417 billion， an increase of 8.75%， a growth rate of 1.24 percentage points higher than that in 2018； the average export unit price was 1.02 USD/meter， a year-on-year decrease of 3.62%， a growth rate of 8.57 percentage points lower than that in 2018.

Looking ahead to 2020， the COVID-19 pandemic will pose severe challenges to the global economy. In the first half of 2020， world economic growth will slow sharply， and the support for market demand recovery will weaken， and international market demand will further decline. The pandemic has impacted Chinas economic development and economic growth in the short term， increasing downward pressure on the economy throughout the year， but it will not change the fundamental trend of Chinas longterm economic improvement. From the perspective of the domestic and international macroeconomic environment， the development of the dyeing and printing industry is facing a grim situation. There is a greater pressure to continue stable operation， and the task of transformation and development is still arduous.