China News Service, April 27, according to the website of the National Bureau of Statistics, the profit data of industrial enterprises in March was announced on the 27th. Zhang Weihua, deputy director of the Department of Industry of the National Bureau of Statistics, said that the decline in profits of industrial enterprises narrowed in March.
Zhang Weihua pointed out that with the gradual implementation of the overall planning for the prevention and control of epidemic situation and economic and social development, the resumption of production and production of enterprises continued to accelerate, industrial product sales began to pick up, and corporate profits showed some positive changes. In March, the total profit of industrial enterprises above designated size fell by 34.9% year-on-year, a decrease of 3.4 percentage points from January-February; the cumulative profit from January-March decreased by 36.7%, a decrease of 1.6 percentage points from January-February.
The profits of industrial enterprises showed the following positive changes in March:
First, profits in most industries have improved. In March, among 41 major industries, 28 industries had a faster or slower profit growth rate than in January-February. Among them, 8 industries realized profit growth, an increase of 4 compared with January-February. Among the major industries, the profit growth rate of the electronics, wine, beverage, and tea manufacturing industries changed from negative to positive, from 87.0% and 21.9% in January-February, respectively, to 19.5% and 7.5%, respectively; profits in coal mining, electrical machinery, and chemical industries They were down by 7.6%, 28.6% and 45.3% respectively, and the decline was narrower than that in January-February by 38.0, 39.6 and 21.1 percentage points respectively.
Second, the profit of advanced manufacturing has 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.
Thirdly, the profits of the necessities industry have 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 in January-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 consumer goods manufacturing fell by 8.7% in March, narrowing the decline by 7.8 percentage points
Fourth, 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%, 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 Narrowed by 14.7 percentage points.
Zhang Weihua said that at the same time, it should be noted 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 risen more, industrial product prices have continued to fall, and cost pressures remain large, etc. As a result, the profits of industrial enterprises have still fallen significantly, and the profit situation is still not optimistic. In the next stage, we must continue to thoroughly implement the decision-making and deployment of the Party Central Committee and the State Council. While grasping the normalization of epidemic prevention and control, we must carefully implement various policies and measures to promote economic and social development, and actively help enterprises to alleviate difficulties and stabilize. Economic fundamentals promote the stable operation of the industrial economy.