Profit data of industrial enterprises in January-February dropped significantly
Recently, Luancheng District, Shijiazhuang City, Hebei Province, on the basis of doing its best to prevent and control the epidemic, all industrial enterprises above designated size in the region have resumed work and resumed production. The picture shows workers in the workshop of Luancheng District equipment manufacturing base Hebei Electric Co., Ltd., workers are making motor coils.
Photo by Li Ming (People's Vision)
On March 27, the National Bureau of Statistics released profit data for industrial enterprises. The latest data show that from January to February, the total profits of industrial enterprises above designated size reached 410.07 billion yuan, a year-on-year decrease of 38.3%. Among the industrial enterprises above designated size, the total profits of state-owned holding companies reached 146.54 billion yuan, a decrease of 32.9% year-on-year; the total profits of joint-stock enterprises reached 315.88 billion yuan, a decrease of 33.6%; the total profits of foreign-invested and Hong Kong, Macao and Taiwan-invested enterprises reached 79.63 billion yuan, a decrease of 53.6 %; Total profits of private enterprises reached 120.83 billion yuan, a decrease of 36.6%.
Zhang Weihua, deputy director of the Industrial Department of the National Bureau of Statistics, said that the profits of industrial enterprises above designated size in the country fell significantly from January to February for several reasons:
First, industrial production and sales have fallen significantly. In order to effectively prevent the spread of the epidemic, this year the Chinese New Year holiday was extended by 3 days, and more than 20 regions were postponed for 10 days to resume production. The normal production time of enterprises has been significantly reduced. The return to normal caused the production and sales of enterprises to drop significantly.
Second, rising costs squeezed profit margins. During the epidemic, the resumption of business and production did not return to normal, but the costs of labor, depreciation and other rigid expenses remained unchanged, while the cost of epidemic prevention was increasing. From January to February, the cost per 100 yuan of operating income of industrial enterprises above designated size was 94.19 yuan, a year-on-year increase of 0.85 yuan.
Third, the price of industrial products has fallen. From January to February, the ex-factory price of industrial producers decreased by 0.2% year-on-year. The ex-factory prices of products in key pillar industries have fallen to varying degrees, such as the chemical industry's 4.3%, coal mining 4.1%, electronics 2.2%, electricity 0.9%, and automotive 0.6%.
Fourth, most industries' profits have fallen. From January to February, the profits of 37 industries in 41 major industrial sectors fell. Among them, the profits of key industries such as electronics, automotive, electrical machinery, and chemical industry fell by 87.0%, 79.6%, 68.2%, and 66.4%, respectively.
"At the same time, we should see that although the profits of industrial enterprises above designated size have dropped significantly, the profits of some continuous production industries and the people's livelihood security industry have continued to increase. From January to February, the profits of the tobacco, nonferrous metals, oil and gas extraction, and agricultural and sideline food processing industries were year-on-year. They increased by 31.5%, 28.3%, 23.7% and 2.2% respectively. In addition, the profit of the pharmaceutical industry decreased by 10.9% year-on-year, which was significantly smaller than that of all industries above the designated size. "Zhang Weihua said.
Zhang Weihua further pointed out that at present, the domestic epidemic situation has been effectively controlled, the progress of resuming production and reaching production is accelerating day by day, and the economic and social order is being restored in an orderly manner. In the next stage, as the country ’s central government continues to thoroughly implement the central government ’s decisions on coordinating and advancing epidemic prevention and control and economic and social development, the process of resuming production and resuming production is accelerating. Effective improvement.
Wang Junling
Wang Junling