From January to June 2023, enterprises above designated size in China's printing industry realized revenue, down 6.6% year-on-year; realized total profits, down 13.6% year-on-year. Since this year, the revenue growth rate continued to be negative, but the profit decline narrowed, printing enterprise profitability pressure has eased.

From January to June 2023, enterprises above designated size in China's printing industry realized operating income, down 6.6% year-on-year. Compared with -6.3% in January-May, the rate of decline continued to expand (see chart below). In the same period, all industrial enterprises above designated size realized operating income, down 0.4% year-on-year, compared with 0.1% in January-May, the growth rate turned from positive to negative. Since the beginning of this year, the revenue growth rate of printing enterprises, has been running in the negative growth range, a significant gap compared with the average level of all industry, showing that the industry boom is weak.

From January to June 2023, total profits realized by enterprises above designated size in China's printing industry, down 13.6% year-on-year. Compared with -16.8% in January-May, the rate of decline has narrowed. From this year's operating trend, the cumulative profit decline has narrowed month by month since the beginning of the year, and the pressure on the profitability of printing enterprises has eased. 

In contrast to the papermaking industry, which is closely related to the printing industry, from January to June, the growth rate of operating income in China's papermaking and paper products industry was -5.5%; total profit growth rate of -44.6%, comparatively speaking, the paper industry's business situation is more severe.

From January to June 2023, the export delivery value of China's printing industry fell by 8.7% year-on-year, the decline continued to expand compared to January-May. Judging from the month of June, the export delivery value was 5.14 billion yuan, down 10% year-on-year, pulling the cumulative export delivery value decline deepened in January-June.

Source: www.keyin.cn