China News Service, December 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 November, all regions and departments continued to do a solid job of "six stability". Fully implement the "six guarantees" task, effectively stimulate market vitality, the supply and demand ends are steadily improving, the company's production and operation conditions continue to improve, showing a good trend of continuous and stable recovery.

　　Zhu Hong said that the cumulative profit growth rate of industrial enterprises has steadily picked up after turning from negative to positive in October. From January to November, industrial enterprises above designated size realized profits of 574.45.0 billion yuan, a year-on-year increase of 2.4%, and the growth rate was 1.7 faster than that from January to October. percentage point.

In general, industrial profit growth has the following characteristics:

　　First, production and sales have maintained rapid growth.

From January to November, the value added of the industrial enterprises above designated size increased by 2.3% year-on-year, and the growth rate was 0.5 percentage points faster than that from January to October. Among them, the growth rate in November was 7.0%, which was the highest point for each month since this year.

From January to November, the operating income of industrial enterprises above designated size increased by 0.1% year-on-year, and the growth rate changed from negative to positive for the first time during the year, with a decrease of 0.6% from January to October.

Improved market conditions have driven corporate profits to continue to rise.

　　Second, the profit growth of equipment and high-tech manufacturing has accelerated.

From January to November, the profit of the equipment manufacturing industry increased by 11.2% year-on-year, which was 1.6 percentage points faster than that from January to October, driving the profits of industries above designated size to increase by 3.8 percentage points year-on-year.

Among them, the electronics industry and electrical machinery industry increased market sales driven by the continuous recovery in demand, with profits increasing by 15.7% and 6.6% respectively, and the growth rate was 3.1 percentage points higher than that from January to October.

From January to November, the profit of the high-tech manufacturing industry increased by 15.0% year-on-year, and the growth rate was 3.1 percentage points higher than that from January to October.

Among them, the cumulative profit of the pharmaceutical manufacturing industry increased by 11.9%, and the growth rate accelerated by 3.2 percentage points; the profit for the month of November increased by 43.5%, the growth rate accelerated by 31.0 percentage points from the previous month.

　　Third, the profitability of some traditional industries has improved.

With the advent of the heating season, increasing demand for thermal coal and rising prices have led to accelerated recovery of profits in the coal industry. In November, profits increased by 9.1% year-on-year, and the growth rate achieved positive growth for the first time during the year; from January to November, profits in the coal industry fell by 24.5% year-on-year , The rate of decline narrowed by 3.2 percentage points from January to October.

Under the combined effect of the export substitution effect and the holidays and other factors, the profit decline of the textile and apparel, leather fur, furniture manufacturing, recreational products, chemical fiber and other industries from January to November narrowed by 0.5-3.7 percentage points from January to October.

Affected by factors such as price increases in crude oil and metal-related industries, from January to November, the decline in the profit of the petroleum processing industry narrowed by 8.8 percentage points from January to October, and the profit growth of the chemical and non-ferrous industries accelerated by 7.7 and 5.1 percentage points respectively.

　　Fourth, unit costs have dropped for the first time, and profitability has continued to rise.

From January to November, the cost per hundred yuan of operating income of industrial enterprises above designated size was 84.08 yuan, a decrease of 0.01 yuan year-on-year, and the cumulative unit cost fell for the first time this year.

From January to November, the operating income profit rate of industrial enterprises was 6.10%, an increase of 0.14 percentage points year-on-year; the operating income profit rate of the month in November was 7.06%, an increase of 0.63 percentage points year-on-year.

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

At the end of November, the loss of industrial enterprises above designated size dropped by 1.4 percentage points from the end of October and 17.2 percentage points from the end of February, and this year has shown a monthly decline.

In November, the loss of loss-making enterprises fell by 46.4% year-on-year, and the decline was more than 45% for two consecutive months.

　　In November, the profits of industrial enterprises above designated size increased by 15.5% year-on-year, the growth rate slowed down from October, but still maintained a rapid double-digit growth.

The decline in profit growth during the month was mainly due to the low base in October and the weakening of the low base effect in November.

　　Zhu Hong said that it is worth noting that corporate accounts receivable and finished goods inventories are still increasing.

At the end of November, the accounts receivable of industrial enterprises above designated size increased by 16.5% year-on-year, and the growth rate was 0.6 percentage points higher than that at the end of October. Since May, it has continued to double-digit growth and fluctuated upward. Increased by 0.4 percentage points at the end of October.

In the next step, we still need to tighten the supply-side structural reforms, focus on demand-side management, continue to stimulate market vitality, fully tap market potential, form a dynamic balance of demand-driven supply and supply-create demand, and continuously improve the quality of the real economy benefit.