China News Agency, Beijing, April 27 (Reporter Wang Enbo) As enterprises resume work and production continues to accelerate, sales of industrial products begin to pick up. In March, the decline in profits of industrial enterprises above designated size narrowed.
According to data released by the National Bureau of Statistics on the 27th, from January to March, China's industrial enterprises above designated size achieved a total profit of 781.45 billion yuan, a year-on-year decrease of 36.7%, a decrease of 1.6 percentage points from January to February. Among them, in March, the total profit of China's industrial enterprises above designated size fell by 34.9% year-on-year, a decrease of 3.4 percentage points from the previous two months.
When interpreting the data, Zhang Weihua, deputy director of the Department of Industry of the National Bureau of Statistics, said that profits of industrial enterprises showed a number of positive changes in March. Profits in most industries have improved. In March, out of 41 major industries, 28 industries saw a faster or slower rate of profit growth than in January-February. Among them, 8 industries realized a growth in profits, an increase of 4 from January to February.
It is worth mentioning that the profits of advanced manufacturing have improved significantly. In March, manufacturing profits fell by 34.6% year-on-year, a decrease of 8.1 percentage points from January to February. The profits of high-tech manufacturing industry increased by 0.5% year-on-year, and fell by 37.1% from January to February; the profits of strategic emerging industries fell by 9.1%, and the decline narrowed by 30.7 percentage points.
The profits of the necessities industry have also improved significantly. In March, the profit of the agricultural and sideline food processing industry increased by 28.7% year-on-year, and the growth rate was 26.5 percentage points faster than that from January to February; the profit of the food manufacturing industry decreased by 16.4%, and the decline narrowed by 17.1 percentage points. Driven by this, the profit of the consumer goods manufacturing industry fell by 8.7% in March, narrowing the decline by 7.8 percentage points.
In addition, the profit decline of private, small and foreign-funded enterprises narrowed to varying degrees. In March, the profits of private enterprises decreased by 20.1% year-on-year, a decrease of 16.5 percentage points from January to February; the profits of small enterprises decreased by 17.0%, and the decrease rate narrowed by 23.7 percentage points; the profits of foreign-invested, Hong Kong, Macao, and Taiwan-invested enterprises decreased by 38.9%, a decrease rate. Narrowed by 14.7 percentage points.
However, Zhang Weihua also bluntly said that although the profit situation of industrial enterprises above designated size has improved in March, due to the fact that market demand has not yet fully recovered, enterprise product inventories have increased, industrial products prices have continued to fall, and cost pressures are still large, multiple factors have affected industrial The decline in corporate profits is still large, and the profit situation is still not optimistic. (Finish)