Current situation of printing industry

As an important part of packaging, decoration and printing, the paper product packaging and printing industry has the advantages of easy processing, low cost, suitable for printing, environmental protection, and recyclability. It is the most widely used packaging in the market. The output value accounts for about one-third of the overall output value of the packaging and printing industry. In recent years, thanks to the product's own advantages and continued strong downstream demand, the scale of the industry has grown steadily.

The industry is expanding steadily, with a year-on-year growth of 5.05% in 2018

Papermaking is one of the four great inventions in ancient my country. As early as the Eastern Han Dynasty, paper could be produced in batches. Since Cai Lun improved papermaking technology in the Eastern Han Dynasty, paper products have become very popular. They are not only widely used in the field of calligraphy and painting, changing the way of painting and calligraphy creation, but more importantly, they promote the development of paper packaging and gradually separate the production of packaging from the field of containers. Comes out to provide the guarantee of new materials.

In the Tang, Song and Yuan Dynasties, the advancement of papermaking technology and printing technology not only made paper packaging widely used in social production and life, but also made packaging truly an accessory to goods. exchange field. In the Ming and Qing Dynasties, paper packaging entered a stage of comprehensive and prosperous development. Paper packaging was not only favored by the court, but also widely used among the people. In the private sector, the commercial and advertising functions of paper packaging are fully demonstrated. Paper packaging printed with product attributes is widely used, which promotes the emergence of independent commodity packaging.

Since its development, paper packaging printing has developed into an important branch of my country's packaging and printing industry. According to the "Basic Situation of the News and Publishing Industry in 2018" released by the National Press and Publication Administration, my country's packaging and decoration printing business revenue reached 1,068.645 billion yuan in 2018. Combining the development data of the packaging and printing industry over the years, it can be calculated based on the proportion of paper packaging printing of 34%. In 2018, the operating income of my country's paper product packaging and printing industry was around 363.34 billion yuan, a year-on-year increase of 5.05%.

According to the "Basic Situation of the News and Publishing Industry in 2018" released by the National Press and Publication Administration, the total profit of my country's packaging, decoration and printing in 2018 was 63.709 billion yuan. Combined with the gross profit of representative advantageous enterprises such as Yutong Technology and Meiyingsen, Based on the interest rate situation, calculated at a ratio of 34%, the total profit of my country's paper product packaging and printing industry in 2018 was about 21.66 billion yuan, a slight decrease of 0.16% year-on-year.

In the first three quarters of 2019, Meiyingsen’s gross profit margin reached 32.66%

In response to the phenomenon of demand stratification, leading domestic paper packaging and printing companies choose their own market positioning and service groups For example, Hexing's packaging products mainly focus on light packaging, Meiyingsen's products pay equal attention to light, heavy and high-quality packaging, and Yutong Technology targets high-end customer groups and focuses on high-quality packaging.

Differences in product structure lead to differences in the profitability of leading companies. The raw materials used in light packaging and heavy packaging products are relatively common, and the production process is simple, and the added value of the products is low; while high-end packaging/premium packaging use The raw materials are exquisite, have certain technical barriers, the product manufacturing process is relatively complex, and the product added value is high. Correspondingly, leading companies that focus on different product types will have different performance. In comparison, the gross profit margin of Yutong Technology Yumei Yingsen will be significantly higher than that of Hexing Packaging.

In the first three quarters of 2019, the gross profit margins of Hexing Packaging, Meiyingsen, and Yutong Technology were 13.02%, 32.66%, and 30.42% respectively.

The total import and export volume in 2018 reached US$5.628 billion

In terms of import and export trade, the import volume and export volume of my country's paper packaging industry are currently on the rise. According to customs data, China's paper packaging industry's total import and export volume from January to December 2018 was US$5.628 billion, a year-on-year increase of 15.45%. Among them, the import value was US$151 million, a year-on-year increase of 7.95%; the export value was US$5.477 billion, a year-on-year increase of 16.97%; the trade surplus was US$5.326 billion, a year-on-year increase of 16.36%.

——The above data and analysis are all from the "Analysis Report on Development Prospects and Investment Strategic Planning of China's Paper Products Packaging and Printing Industry" by the Qianzhan Industry Research Institute.