China News Service, July 16, Peng Huagang, member of the Party Committee, Secretary General and press spokesman of the State-owned Assets Supervision and Administration Commission of the State Council, said on the 16th that in the first half of the year, central enterprises completed 1 trillion yuan in fixed assets investment, an increase of 7.2% year-on-year, and a growth rate of 1-5 Monthly accelerated by 5.9 percentage points, 11.7 percentage points faster than the first quarter.
On the 16th, the State Council Office held a press conference on the economic operation of central enterprises in the first half of 2020. Peng Huagang made the above statement when answering questions from reporters.
Peng Huagang pointed out that judging from the economic operation of central enterprises in the first half of the year, most enterprises have encountered staged difficulties due to the impact of the new coronary pneumonia epidemic. As the prevention and control of China's epidemic situation is further consolidated, the order of social production and life has been accelerated. The production and operation of enterprises has accelerated and improved. There are three main characteristics of economic operation:
First, the recovery of production and operation in key industries accelerated and gradually improved. From the perspective of the changes in the actual volume of production and operation indicators in key industries, the central enterprise’s steel production, crude oil production, power generation, and electricity sales in the first half of the year have recovered to more than 98% of the same period last year; undertaking new ship orders increased by 21.2% year-on-year. Installed capacity increased by 5.1% year-on-year, and sales of commercial coal increased by 1.8% year-on-year. Indicators such as alumina production and new orders for power generation equipment all maintained positive growth. The sales volume of refined oil in the second quarter increased by nearly 40% compared with the first quarter, and also increased year-on-year.
The electricity sales of the two power grid companies gradually recovered and improved in the case of a sudden drop of 10.9% year-on-year in February, and the decline narrowed to -1.3% in April, which turned into a positive growth of 4.6% in May and 6.5% in June. . Marginal improvement in physical volume indicators of basic industries such as oil, electricity and coal reflects the continuous improvement of the national economy and also boosts confidence in economic operations in the second half of the year.
Second, business operations have stabilized, and most companies' monthly income and profits have recovered or exceeded the same period. In June, central enterprises achieved operating income of 2.9 trillion yuan, an increase of 0.6% year-on-year, and achieved a net profit of 166.48 billion yuan, an increase of 5% year-on-year. Revenue and profit achieved a simultaneous positive growth. Most companies’ monthly income and benefits recovered or exceeded the same period. . There were 57 central enterprises with a year-on-year revenue increase in June, and 33 enterprises with a revenue increase of more than 10% in the month; 58 central enterprises had a year-on-year net profit increase in June, and 46 companies had a net profit growth of more than 10% in the month.
Third, fixed asset investment took the lead in achieving positive growth, and the growth rate accelerated month by month. In the first half of the year, central enterprises completed 1 trillion yuan in fixed asset investment, a year-on-year increase of 7.2%, a growth rate of 5.9 percentage points faster than that in the first five months, and 11.7 percentage points faster than the first quarter. Since the full resumption of work in March, the monthly fixed asset investment of central enterprises has resumed positive growth, with monthly investment growth rates of 4.1%, 11.8%, 13%, and 21.2%, respectively, showing a trend of accelerating month by month. Yuan, an increase of 14.8% year-on-year. In view of different industries, the growth rate of fixed asset investment in the first half of the year in power generation, automobile, communications, metallurgy and other industries exceeded 15%.
Peng Huagang said that in the face of such an intricate environment this year, it will be very difficult for central enterprises to record new net profits in June. The excellent domestic anti-epidemic and anti-epidemic achievements have created favorable conditions for the recovery of the national economy. The main indicators of the macro economy have improved significantly in the second quarter, and the real economy has had a good recovery space. At the same time, as the pillar of the national economy, central enterprises face the difficulties and push forward, comprehensively deepen the work of improving quality and efficiency, and strive to expand the market, focus on production, control costs, and stabilize investment. A great effort has been made.