From January to November 2017, printing and dyeing enterprises above designated size produced 49.14 billion meters of printed and dyed fabric, seeing year-on-year rises of 5.63%. And the fixed-assets investment in projects each costs more than CNY 5 million reached CNY 38.20 billion, down 6.34% year-on-year, 9.75 percentage points slower compared with the same period of 2016.

The share of three overheads in turnover of printing and dyeing enterprises above designated size was 6.18%, 0.11 percentage point higher than the same period of 2016. Its ratio of profits to cost was 5.55%, 0.18 percentage point higher than in 2016; sales profit margin was 5.25%, picking up 0.17 percentage point; the turnover rate of finished products was 24.56 times / year, down 0.60% year-on-year; the turnover of account receivable was 10.25 times / year, seeing year-on-year rises of 6.92%; and the total asset turnover was 1.27 times / year, up 3.97% year-on-year.

From January to November in 2017, the main business income of the printing and dyeing enterprises above designated size reached CNY 354.93 billion, up 6.18% year-on-year; their total profits reached CNY 18.64 billion, with year-on-year growth of 9.76%; and their main business cost was CNY 313.69 billion, increased by 5.95% compared with the same period the previous year.

In 2018, the printing and dyeing industry will continue to face the challenges such as the slowdown of domestic demand growth, the sluggish recovery of foreign demand, the rising production costs and the increase of environmental pressure. Thus, the printing and dyeing industry needs to accelerate technological innovation, pay attention to energy conservation and environmental protection and further promote industrial restructuring as well as transformation and upgrading.

Source: China Textile Leader Express