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Development status and Prospect of digital printing in China



Development status and Prospect of digital printing in China

From 2020 to now, whether the impact of the epidemic, the market and technological changes in the printing circle, or the changes in the current economic environment, policies and upstream and downstream of the industry have had a great impact on the printing industry. We obviously feel that the industry is in a changing situation. At this time, it is more important for us to summarize the industry trends in the past year and look forward to the future.

The printing industry is in a positive growth range

In August, the growth rate of industrial production decreased due to the local epidemic situation, flood situation and high base increase in China; However, according to the cumulative data from January to August, industrial production has generally continued the recovery trend, and the toughness of economic development has continued to show.

It should be noted that "book printing and recording media reproduction industry" is one of the 41 major industries in the whole industry. Throughout the year, there are more than 5000 enterprises above Designated Size with an annual main business income of more than 20 million yuan. The total annual operating income of these enterprises is more than 600 billion yuan, accounting for more than half of the overall revenue scale of the national printing industry.

From January to August 2021, the industrial added value of all industries (Enterprises above Designated Size) increased by 13.1% year-on-year, with an average increase of 6.6% in two years.

From January to August 2021, the industrial added value of "printing and recording media reproduction industry" increased by 15.3% year-on-year, higher than the average level of 13.1% of all industries. In terms of the growth rate of the current month, the industrial added value of the printing industry grew by 9.6% in August, an increase of 1.8 percentage points over July, and the growth trend is better than the average level of all industries.

The revenue of printing enterprises increased and the profit decreased

From January to August 2021, enterprises above Designated Size in the printing industry achieved operating revenue, with a year-on-year increase of 14.8%. During the same period, all enterprises above industrial scale achieved operating income, with a year-on-year increase of 23.9%. The production and sales of the book printing companies continued to recover compared with the same period last year, but the growth rate was lower than the national industrial average.

From January to August 2021, the total profits of Enterprises above Designated Size in the printing industry increased by 3.2% year-on-year, half lower than the 6.4% from January to July. During the same period, the total profits of all enterprises above industrial scale increased by 49.5% year-on-year, with an average increase of 19.5% in the two years. Among the 41 major industries, 37 industries achieved a year-on-year increase in total profits, with high profit growth in mining and raw material manufacturing. The total profit of the paper industry, which is closely related to the printing industry, increased by 45.4% year-on-year from January to August, compared with 3.2% of the printing industry.

Due to the large decline in the growth rate of total profit, the speed difference between the growth rate of operating revenue and the growth rate of total profit of the printing industry increases month by month. Since the growth rate of total profit was lower than that of operating revenue in May, the speed difference has exceeded 10 percentage points by August, indicating that printing enterprises above Designated Size continue to bear pressure on their profits and are impacted by factors such as the repeated rise of commodity prices.
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