China News Service, July 27. According to the website of the National Bureau of Statistics, Zhu Hong, a senior statistician from the Department of Industry of the National Bureau of Statistics, interprets the profit data of industrial enterprises and pointed out that in the first half of this year, with the overall promotion of epidemic prevention and control and economic and social development. Policies and measures are gradually implemented, the resumption of work and production has been further promoted, the order of production and operation has been steadily restored, and the profit situation of industrial enterprises has continued to improve. The profit growth of industrial enterprises continued to accelerate in June, and the profit growth of industrial enterprises in the second quarter changed from a decline to an increase.
Zhu Hong said that in June, the national industrial enterprises above designated size achieved a total profit of 666.55 billion yuan, an increase of 11.5% year-on-year, and the growth rate was 5.5% faster than that in May. The main reasons are:
One is the acceleration of industrial production and sales growth. In June, the added value of industrial enterprises above designated size increased by 4.8% year-on-year in real terms, and the growth rate was 0.4 percentage points faster than that in May; the operating income of industrial enterprises increased by 4.2% year-on-year, and the growth rate accelerated by 2.8 percentage points. The expansion of the scale of the company has brought about increased profits.
Second, the decline in industrial product prices has narrowed. In June, the drop rates of the factory price index and purchase price index of industrial producers narrowed by 0.7 and 0.6 percentage points respectively compared with May, both of which reversed the trend of continuous expansion since the beginning of this year. Preliminary calculations indicate that changes in industrial product prices in June affected the profit growth of all industrial enterprises above designated size, which rebounded by 5.3 percentage points from May.
The third is the decline in unit costs. In June, the cost per hundred yuan of operating income of industrial enterprises above designated size decreased by 0.22 yuan year-on-year, which was the first decline this year and eased the pressure on business operations caused by the sharp increase in the previous cost. Among them, affected by the fluctuation of crude oil prices, the cost per hundred yuan of operating income in the petroleum processing industry dropped significantly by 7.13 yuan year-on-year.
Fourth, the profits of key industries such as iron and steel, oil and gas exploration, petroleum processing, and nonferrous metals have improved significantly. Affected by multiple favorable factors such as improvement in market demand, recovery of industrial product prices, easing of cost pressures, and the effects of relevant support policies, the profits of key industries such as steel, oil and gas exploration, oil processing, and non-ferrous metals have improved significantly. In June, the profit of the steel and non-ferrous industries increased by 35.3% and 24.1% year-on-year respectively, and fell by 50.5% and 49.3% respectively in May; the profit of the oil and gas extraction industry fell by 55.0%, and the decline was 83.1 percentage points smaller than that in May; the profit of the petroleum processing industry An increase of 1.86 times, an increase of 8.9% in May.
In the first half of this year, the profit growth rate of industrial enterprises showed a trend of "low in the beginning and high in the latter, from falling to rising". In quarterly terms, the profit of industrial enterprises in the second quarter increased by 4.8% year-on-year, and in the first quarter was a decrease of 36.7%. Especially in May and June, profits increased by 6.0% and 11.5% respectively, and the growth rate accelerated month by month.
Profit growth in most industries picked up. In the second quarter, among the 41 major industrial sectors, 37 industries' profit growth accelerated compared to the first quarter (or the decline narrowed, from negative to positive), of which 25 industries achieved profit growth.
The profit of equipment manufacturing industry and high-tech manufacturing industry improved significantly. In the second quarter, the profit of the equipment manufacturing industry increased by 31.8% year-on-year, and fell by 46.7% in the first quarter, making it the industry sector with the largest rebound. Among them, the switching of environmental protection standards and the accelerated advancement of infrastructure projects have led to a significant rebound in the automotive and special equipment industries. In the second quarter, the profits of the automotive and special equipment industries increased by 26.0% and 63.5%, while the first quarter fell by 80.2% and 34.7%. In the second quarter, the profit of the high-tech manufacturing industry increased by 34.6%, which was the industry sector with the highest growth rate. In the first quarter, it fell by 17.1%. Among them, due to the transfer of orders to the country and the increase in domestic demand, the profits of the electronics industry in the second quarter increased by 47.6%, while the first quarter was down 12.0%.
The profit growth rate of consumer goods manufacturing has recovered. In the second quarter, the profit of the consumer goods manufacturing industry increased by 10.1% year-on-year, and fell by 13.6% in the first quarter. Among them, the food manufacturing and textile industries have rebounded more obviously. Profits in the second quarter increased by 36.8% and 19.0% respectively, while in the first quarter they fell by 27.4% and 38.8% respectively.
The profit decline of the raw material manufacturing industry has significantly narrowed. In the second quarter, affected by factors such as the acceleration of infrastructure projects and the rebound in prices of major bulk raw materials products, the profit of the raw material manufacturing industry fell by 17.9% year-on-year, and the decline was significantly narrower than the first quarter by 45.0 percentage points. Among them, the oil processing industry achieved a profit of 10.45 billion yuan in the second quarter and a loss of 24.70 billion yuan for the entire industry in the first quarter. In addition, the profit of the building materials industry increased by 6.5% in the second quarter, and fell by 34.0% in the first quarter; the profit of the chemical and steel industries in the second quarter fell by 13.5% and 34.1%, respectively, and the decline was 43.0 and 21.6 percentage points lower than the first quarter.
Zhu Hong said that although the profit situation of industrial enterprises in the second quarter has clearly recovered to improve, overall, due to the impact of the new crown pneumonia epidemic, market demand is still weak, and enterprises still face many difficulties in production and operation. A decline of 12.8%, and the profit growth structure needs to be further optimized. At present, the global epidemic is still spreading, the international economic and trade situation is complex and severe, and the sustainability of industrial profit growth is still uncertain. In the next stage, it is necessary to continue to thoroughly implement the decisions and deployments of the Party Central Committee and the State Council, scientifically coordinate the normalization of the epidemic prevention and control and economic and social development, do a solid job of the "six stability", fully implement the "six guarantees" task, and actively implement various aids. The policy of helping enterprises stabilized the economic fundamentals and continued to consolidate the upward momentum of the industrial economy.