China News Service, August 27. According to the website of the National Bureau of Statistics, the National Bureau of Statistics announced the profit data of industrial enterprises on the 27th. Zhu Hong, a senior statistician from the Department of Industry of the Bureau of Statistics, explained that with the implementation of a series of policies and measures for the overall promotion of epidemic prevention and control and economic and social development, the industrial economy continued to improve, and corporate profits continued to grow rapidly and resumed in July. The profit growth of industrial enterprises continued to accelerate. From January to July, the profits of industrial enterprises fell 8.1% year-on-year, and the rate of decline was further narrowed by 4.7 percentage points from January to June.
Profit growth continued to accelerate in July
In July, the national industrial enterprises above designated size achieved a total profit of 589.51 billion yuan, a year-on-year increase of 19.6%. The growth rate was 8.1 percentage points higher than that in June. It has been increasing year-on-year for three consecutive months, and the growth rate has accelerated month by month.
The number of profitable industries has increased. In July, among the 41 major industrial sectors, 32 industries achieved profit growth, and the number increased by 9 compared with the previous month; the profit growth rate of 24 industries accelerated (or the decline narrowed, from negative to positive) than in June. An increase of 9 from the previous month reflects that the pace of profit improvement has accelerated compared with June.
The profit growth of the equipment manufacturing industry is accelerating, and the driving effect of key industries such as automobiles and electronics is particularly prominent. Under the influence of multiple factors such as the switch of environmental protection standards, the drive of infrastructure investment, and the increase in home appliance exports, the production and sales of equipment manufacturing industries such as automobiles and electronics have accelerated simultaneously, and the profit growth rate continued to accelerate on the basis of the rapid growth in June. In July, the profit of the equipment manufacturing industry increased by 44.3% year-on-year, and the growth rate was 30.0 percentage points higher than that in June. Among them, the automotive industry benefited from sales rebound and increased investment income. The profit growth rate rose sharply from 16.9% in June to 125.5%; the rising demand for upgraded electronic products promoted a 38.6% increase in the profit of the electronics industry, which was 27.6 faster than in June. Percentage points; profits in the general-purpose and special-purpose equipment industries continue to maintain double-digit growth, and the growth rate accelerates between 6-9 percentage points. Preliminary calculations indicate that the equipment manufacturing industry drives the profit growth of all industrial enterprises above designated size by 13.8 percentage points.
Profits of high-tech manufacturing have increased substantially. In July, the profit of high-tech manufacturing industry increased by 36.5% year-on-year, and the growth rate was 27.5 percentage points faster than that in June, driving the profit of all industries above designated size to increase by 5.2 percentage points.
In addition, the substantial increase in investment income also contributed to the acceleration of profit growth in July.
The company's profitability has improved significantly
Unit cost expenses decreased. Since the beginning of this year, in order to alleviate the pressure on business operations, "cost reduction" has become the main focus of the policy. Large-scale tax cuts and fee reductions, reduction of corporate electricity, land and rental costs have been implemented successively, effectively reducing corporate costs. In July, the cost per hundred yuan of operating income of industrial enterprises above designated size decreased by 0.67 yuan year-on-year, which has been a year-on-year decline for two consecutive months, and the rate of decline has further increased; the cost per hundred yuan of operating income fell by 0.02 yuan year-on-year, and business pressure Obviously relieved. Among them, affected by fluctuations in oil prices, the cost per hundred yuan of operating income in the petroleum processing industry dropped significantly by 5.17 yuan year-on-year.
The growth rate of industrial finished products inventory continued to slow down. At the end of July, the inventory of finished products of industrial enterprises above designated size increased by 7.4% year-on-year, and the growth rate was 0.9 percentage points lower than that at the end of June. It has fallen for 4 consecutive months, indicating that the market demand situation has continued to improve.
The face of corporate losses has shrunk month by month. In July, the loss of industrial enterprises above designated size decreased by 4.0% year-on-year. At the end of July, the loss of industrial enterprises above designated size dropped by 2.1 percentage points from the end of June, continuing the monthly decline since this year.
Although the profit growth of industrial enterprises further accelerated in July, the cumulative profit decline of the upstream mining and raw materials industries was still relatively large. The growth rate of accounts receivable increased compared with June, resulting in greater pressure on corporate cash flow, coupled with complex domestic and foreign environments Serious, there is still a certain degree of uncertainty in future profit growth. In the next stage, in accordance with the decision and deployment of the Party Central Committee, we should make every effort to promote consumption, expand investment and stabilize foreign trade, accelerate the release of demand potential, give full play to the domestic super-large-scale market advantage, stabilize the industrial chain supply chain, and promote the continuous improvement of industrial economic benefits.