In 2015, the economic operation of dyeing and printing industry ran steadily in general thanks to accelerating structural adjustment and transformation and upgrading with the exception of output produced by enterprises above the designated size that was in a mire of further downslide from January to November. Against this background, the important main economic indicators of the main business income, profit, fixed-asset investment and export, etc. have achieved a significant declined growth despite a drop somewhat at growing speed that started to assume, a slight rise in the second half, as compared with the first half year.

 

In 1-11 months 2015, to be more exact, the main business income was 352.562 billion yuan, increased by 3.73% year on year with 1.2 percentage points higher, the profit was 17.295 billion yuan, grew up by 8.2% year on year, with an increase of 4.77 percentage points. The profit ratio of sales was 4.91%, up by 0.24 percentage points compared with year 2014, which indicated that the economic operation improved gradually along with the deepening of transformation and upgrading.

 

The profit ratio of sales maintained at the levels of 3%-5% and the percentage of the three expenses (referring to the costs in sales, overheads, and financing) was 5.97%, up by 0.04 percentage point compared with the same period of year 2014. The profit ratio of expense was 5.17%, grew up by 0.27 percentage point. The turnover of the finished goods was 24.9 times per year, up by 6.31 and turnover of total asset promoted efficiency of utilization with 1.26 times per year, increased by 0.91%. 243 enterprises, or rather, 13.48% out of the total businesses, which fell 3.07 percentage points compared with the first half year in 2015, up 0.39 percentage point in 2014, were running in the red with 977,000 billion yuan losses, up 20% compared with same period of year 2014.

 

Dyeing and printing enterprises	Percentage of the three expenses (referring to the costs in sales, overheads and financing) (%)	Compared with the same period in 2014 (percentage point)	Profit ratio of expenses (%)	Compared with the same period in 2014 (percentage point)	Profit ratio of sales (%)	Compared with the same period in 2014 (percentage point)
Dyeing and printing enterprises above the designated size	5.97	0.04	5.17	0.27	4.91	0.24
Cotton textile dyeing and printing industry	5.86	0.07	5.12	0.23	4.86	0.21
Chemical fabric dyeing and printing industry	7.89	-0.46	6.03	0.94	5.68	0.83
Dyeing and printing enterprises	Turnover of finished goods	Compared with the same period in 2014 (percentage point)	Turnover of receivable account (time per year)	Compared with the same period in 2014 (percentage point)	Turnover of total assets (time per year)	Compared with the same period in 2014 (percentage point)
Dyeing and printing enterprises above the designated size	24.09	6.31	9.72	1.23	1.26	0.91
Cotton textile dyeing and printing industry	24.2	6.37	9.92	1.67	1.29	0.72
Chemical fabric dyeing and printing industry	22.16	5.27	7.21	-4.25	0.89	3.38

 

Data resource: National Bureau of Statistics

In 1-11 months 2015, the production of dyeing and printing cloth was 46.721 billion meters, down by 14.55% year on year with 3.48 percentage points dropped compared with the first half year. The production on the east coast of five provinces (Zhejiang, Jiangsu, Fujian, Guangdong and Shandong) was 46.721 billion meters, accounting for 95.87% of the total volume.

 

Since the 12th Five-Year Program, the enterprises above the designated size on the east coast of five provinces increased the production of dyeing and printing cloth year by year with 3.44 percentage points up by 95.87% in 2015 from 92.43% in 2011 and the production area concentrated to the east coast fatherly.

 

 

The percentage of dyeing and printing cloth in main provinces in 1-11 months 2015

Shandong: 5.34%

Fujian: 7.11%

Guangdong: 7.82%

Jiangsu: 12.52%

Zhejiang: 63.07%

Other provinces: 4.13%

 

Data resource: National Bureau of Statistics

 

In 1-11 months 2015, the actual completed investment in fixed assets in dyeing and printing enterprises was 39.443 billion yuan (excluding any projects with investment less than 5 million yuan), up by 14.41% year on year with 6.71 percentage points dropped. At present, enterprises mainly invest in promoting technological equipment, transforming environmentally protective facilities, researching and developing new products, etc. with 807 construction projects, up by 11.62% year on year and down by 4.06 percentage points. 685 new projects increased 6.30 percentage points, up by 21.67% year on year. 479 finished projects dropped 71.41 percentage points, up by 15.14% year on year. From 2011 to 2015, the actual investment finished by the dyeing and printing enterprises maintained a rapid growth and increased by 123.5% in 1-11 months 2015 compared with the same period in 2011 though there was a decline at growth speed.

 

 

Project	Unit	Cotton textile  dyeing and printing		Chemical fabrics dyeing and printing
		Value	Increased rate compared with the same period of 2014, %	Value	Increased rate compared with the same period of 2014, %
Actual investment	100 million	310.59	13.45	83.84	18.12
No. of construction projects under way	No.	616	18.46	191	-5.91
No. of new construction projects	No.	518	31.14	167	-0.60
No. of completed projects completed	No.	372	25.25	107	-10.08

 

In 1-11 months 2015, the total import and export of the eight products in dyeing and printing industry was USD 24.236 billion, down by 1.72% year on year with 10.62 percentage points dropped compared with the same period of year 2014. The export volume was 18.801 billion meters, up by 1.689% year on year with 6.66 percentage points lower. The export value was USD 22.147 billion, down by 0.56% year on year with a plummet of 11.56 percentage points. The average unit price was USD 1.18 per meter and reduced by 2.20% with a fall of 4.65 percentage points compared with the same period of year 2014, which all showed that the direct export dropped with decreasing price.

To be more exact, the export volume and value of the printed fabric in pure cotton and cotton blends declined at double-digit year on year while the export of the cotton blended dyed fabric, polyester staple fiber fabric and Rayon staple fabric increased at double-digit number.

 

 

1-11 months 2011, 1-11 months 2012, 1-11 months 2013, 1-11 months 2014, 1-11 months 2015

Unit price of export, USD/meter

Quantity for export, 100 million meters

Export value, USD 100 million

 

In addition, Vietnam was still the biggest export market, and the rest ranks were in the following order, Bangladesh, Benin, the United Arab Emirates, Nigeria, Pakistan, Indonesia, Brazil, Mexico and the United States. The proportion of export to EU and American market was basically stable, while the export share to Hong Kong and Japan decreased year by year, with the quantity, value and unit price that all maintained at growth speed in Indian market, and a sharp decline in these three indicators in Russian market.

 

The global economy is expected to continue to recover slowly in 2016. The new endogenous impetus for economic growth is taking shape gradually in China and the industrial growth is expected to rise although the economic situation in China is still grim. The economic operation in dyeing and printing industry will run smoothly in 2016 with expected growth in main business income, profit margin, investment, exports, etc. in challenging downward pressure.