On February 1, the China National Light Industry Council announced the economic operation data of my country's light industry in 2020: In 2020, the added value of light industry decreased by 0.8% year-on-year. In December, the added value of light industry increased by 4.1% year-on-year, and the monthly growth rate of added value was 6 consecutive times. The month maintained positive growth. The profits of light industrial enterprises exceeded 1.3 trillion yuan, a year-on-year increase of 3.6%.
"Faced with the severe and complex domestic and foreign situation and the impact of the new crown pneumonia epidemic, the production of young industries has continued to recover steadily, consumer demand has gradually recovered, the export situation has been better than expected, and the level of profitability has further improved." Zhang Chonghe, President of China National Light Industry Council Say.
Looking at production capacity, the output of some major light industry industries, such as batteries, bicycles, and home appliances, has increased significantly, which has strongly promoted the recovery of light industry production. Among the 92 light industrial products counted by the National Bureau of Statistics in December, 56 products had positive growth in output, with a growth rate of 60.9%, and 27 products had a growth rate of over 10%.
Looking at the level of profitability, the light industry standard enterprises realized a profit of 133.416 billion yuan, a year-on-year increase of 3.6%, and the level of profitability gradually recovered. At the same time, the industry's operating income profit rate was 6.9%, which was 0.8 percentage points higher than the national industrial profit rate during the same period.
Looking at the export situation, the export value of 8 key commodities of light industry was 362.1 billion US dollars, a year-on-year increase of 7.0%. In December, the export delivery value of enterprises on the light industry regulations increased by 2.6% year-on-year, and the monthly export delivery value growth rate has maintained positive growth for 4 consecutive months.
Affected by the epidemic, how can the profits of the light industry recover quickly and achieve growth against the trend? According to Zhang Chonghe's analysis, the consumer market continues to pick up, and new types of consumption continue to accelerate, making the light industry consumer goods market showing a clear recovery trend.
From the perspective of domestic demand, the "ballast stone" of the large food industry plays a significant role. The large food industry, including agricultural and sideline food processing, food manufacturing, and wine and beverage manufacturing, accounts for a large proportion, has developed steadily, and has achieved positive growth in operating income and profits, which has a significant effect on the overall benefits of light industry. In 2020, the operating income of the large food industry will be 8.23 trillion yuan, accounting for 42.3% of the light industry, and the profit will be 620.66 billion yuan, accounting for 46.5% of the light industry.
From the perspective of external demand, the advantages of product exports are further expanding. The current overseas epidemic situation is still very severe. China has a complete industrial chain advantage, has effectively controlled the epidemic and took the lead in resuming work and production, which has further improved operating efficiency. In 2020, the export orders for bicycles, plastic products, home appliances, furniture, lamps and other industries will increase significantly, driving a rapid rebound in the industry.
"The light industry industry chain system is complete, supporting capabilities are strong, and self-recovery is relatively sufficient. In addition, my country's consumer market is large. As a consumer goods industry, rigid market demand supports the development of the light industry industry." Zhang Chonghe said, combining the above factors. Analysis shows that the light industry will continue to maintain a trend of recovery, and will steadily move towards high-quality development under the new development pattern.