From January to August 2023, enterprises above the size of China's printing industry realized operating income, down 7.2% year-on-year, down 0.6 percentage points from January to July (see Figure below). In the same period, all industrial enterprises above designated size realized operating income, down 0.3% year-on-year, compared with -0.5% in January-July has rebounded. Since the beginning of this year, the revenue growth rate of printing enterprises, has been running in the negative growth range, compared with the average level of all industry has a significant gap, showing that the industry boom is weak.

From January to August 2023, total profits realized by enterprises above designated size in China's printing industry, a year-on-year decline of 9.6%. Compared with -11.5% in January-July, the decline continued to narrow by 1.9 percentage points. Judging from this year's operating trend, the cumulative profit decline has narrowed continuously since the beginning of the year, and the recovery of corporate profits has accelerated significantly.

When compared with the paper industry which is closely related to the printing industry, from January to August, growth rate of operating income in the papermaking and paper products industry was -4.4%; total profit growth rate of -39.8%, the two growth rates have narrowed the rate of decline.

From January to August 2023, the export delivery value of China's printing industry fell 8.4% year-on-year. From the month of August, the export delivery value was 5.43 billion yuan, a year-on-year decline of 8.7%, the rate of decline narrowed from the previous month. The continuing impact of the global trade downturn and the contraction of external demand is fully evident in the printing industry.

Source: www.keyin.cn