China News Service, October 27. According to the website of the National Bureau of Statistics, the National Bureau of Statistics released the profit data of industrial enterprises on the 27th. Zhu Hong, a senior statistician from the Department of Industry of the National Bureau of Statistics, interpreted the data.

Zhu Hong said that since the beginning of this year, in the face of the huge impact of the new crown pneumonia epidemic and the complex and severe domestic and foreign environments, the overall promotion of epidemic prevention and control and economic and social development has achieved remarkable results. Production demand has gradually recovered, the industrial cycle has continued to improve, and the profits of industrial enterprises have been steady. Pick up.

  From January to September, the profits of industrial enterprises above designated size reached 4366.50 billion yuan, a year-on-year decrease of 2.4%, and the rate of decline narrowed by 2.0 percentage points from January to August.

Among them, profit in the third quarter increased by 15.9%, an increase of 11.1 percentage points faster than in the second quarter.

Corporate profitability improves quarter by quarter

  Production and sales recovered quickly, and profits improved quarter by quarter.

Benefiting from the overall advancement of epidemic prevention and control and economic and social development, the production and sales of industrial enterprises have rapidly recovered and grown steadily, and the relationship between supply and demand has continued to improve.

In the third quarter, the added value of the industrial enterprises above designated size increased by 5.8% year-on-year, and operating income increased by 4.8%, both showing a trend of rising quarter by quarter.

Driven by the steady recovery of income, the profit growth rate of industrial enterprises dropped by 36.7% from the first quarter, increased by 4.8% in the second quarter, and then accelerated to 15.9% in the third quarter, showing a trend of "turning from falling to rising and accelerating growth".

  The number of industries with profit growth has increased, and key industries have clearly contributed.

In the third quarter, among the 41 major industrial sectors, 31 industries increased their profits year-on-year, an increase of 6 from the second quarter; of these, 24 industries saw profits increase by more than double digits.

The industries with the most new profits were mainly: automobile manufacturing increased by 53.8%, non-ferrous metal smelting and rolling processing industry increased by 52.0%, ferrous metal smelting and rolling processing industry increased by 39.1%, general equipment manufacturing industry increased by 32.4%, electric power and heat production And the supply industry increased by 22.4%, and the electrical machinery and equipment manufacturing industry increased by 16.8%. These six industries together drove the profit of industrial enterprises above designated size in the third quarter to a year-on-year increase of 10.0%.

  Unit costs have fallen and profitability has increased.

In the third quarter, the cost per hundred yuan of operating income of industrial enterprises above designated size dropped by 0.71 yuan from the second quarter and 0.53 yuan from the same period last year, effectively alleviating the pressure on the production and operation of the enterprises caused by the sharp increase in costs in the first half of the year.

The profitability of enterprises has been significantly enhanced. In the third quarter, the operating income profit margin of industrial enterprises above designated size increased by 0.64 percentage points year-on-year, and the increase was further increased on the basis of a year-on-year rise in the second quarter.

  The amount of corporate losses has dropped significantly and the scope of losses has shrunk.

In the third quarter, the loss of industrial enterprises above designated size fell by 21.4% year-on-year, and in the second quarter, it increased by 13.1%.

At the end of September, the company’s loss was 3.9 percentage points lower than at the end of June.

The balance of profit growth has improved significantly

  Profits of major industrial sectors maintained double-digit growth.

In the third quarter, the profit of the equipment manufacturing industry increased by 22.5% year-on-year, driving the profit of industrial enterprises above designated size to increase by 7.8%.

Among them, benefiting from various policy support such as the switch of environmental protection standards, the accelerated advancement of infrastructure projects, and the promotion of consumption, the profits of the automobile, general equipment, special equipment and other industries took the lead to recover in the second quarter, increasing by 26.0%, 28.2% and 63.5% respectively in the quarter. In the three quarters, it continued to maintain a relatively rapid growth of over 20%.

The profit growth of the raw material manufacturing industry turned from negative to positive, with a year-on-year growth of 23.0% in the third quarter and a decrease of 17.9% in the second quarter.

Among them, due to the recovery of market demand and the rebound of product prices, the profits of petroleum processing, steel, non-ferrous metals and other industries have changed from a double-digit decline in the second quarter to a growth of more than 30% in the third quarter.

The profit of the consumer goods manufacturing industry recovered steadily, increasing by 14.3% in the third quarter, 4.2 percentage points faster than in the second quarter.

Among them, the profit growth rate of food manufacturing, tobacco, textile, paper and other industries are all above 20%.

  The profits of enterprises of different sizes recovered in concert.

With the gradual recovery of investment and consumer demand, the profits of the petroleum, steel, automobile and other industries quickly recovered, and the profits of large enterprises have rebounded significantly.

In the third quarter, the profits of large and medium-sized enterprises increased by 16.0% year-on-year, an acceleration of 14.7 percentage points from the second quarter; among them, the profits of large enterprises increased from a 4.0% decline in the second quarter to an increase of 13.8%.

Benefiting from a number of policy support, the profits of small enterprises above designated size in the third quarter increased by 15.8% year-on-year, which was 1.7% faster than the second quarter.

  In September, the profits of industrial enterprises above designated size increased by 10.1% year-on-year, still maintaining double-digit growth, and the growth rate dropped by 9.0 percentage points from August, which was mainly affected by three factors.

First, changes in industrial product prices squeeze profit margins.

In September, the ex-factory prices and purchase prices of industrial products had a significantly weaker effect on profit growth than in August.

Second, rising expenses and substantial asset impairment losses for certain industries and companies have had a certain impact on profit growth.

Third, major industries such as electronics and automobiles were affected by multiple factors such as rising raw material costs, increased sales and R&D expenses, and a relatively high base in the same period. The profit growth rate in September fell.

  Although the profits of industrial enterprises continued to recover steadily in the first three quarters, the current cumulative operating income and profit growth of industrial enterprises have not yet turned positive, the growth rate of accounts receivable and finished goods inventory is still high, and the foundation for continued improvement in corporate profits still needs to be consolidated.

In the next stage, in accordance with the requirements of promoting high-quality development and building a new development pattern, we must further stimulate the vitality of market players, focus on solving the difficulties of enterprise production and operation, and promote the sustained and stable development of the industrial economy.