China News Service, January 27. The National Bureau of Statistics announced on the 27th that in 2020, industrial enterprises above designated size nationwide will realize a total profit of 645.161 billion yuan, an increase of 4.1% over the previous year.
In this regard, Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics, explained that industrial profits will grow in 2020 and quality and efficiency will be steadily improved.
Data map: Workers work in the workshop.
Photo by China News Agency reporter Zhang Bin
Zhu Hong said that the benefits of industrial enterprises continue to improve, which is reflected in:
Corporate profits rebounded quarter by quarter, with rapid growth for 7 consecutive months in a single month.
In 2020, the added value of industrial enterprises above designated size nationwide will increase by 2.8% over the previous year, and the operating income of industrial enterprises above designated size will increase by 0.8%.
The steady recovery of production and sales provided strong support for profit growth.
In 2020, industrial enterprises above designated size will realize a profit of 645.161 billion yuan, an increase of 4.1% over the previous year.
On a quarterly basis, this year's profit has shown a trend of "turning from negative to positive, accelerating quarter by quarter".
Affected by the severe impact of the epidemic, the profit in the first quarter fell sharply by 36.7% year-on-year. With the continuous implementation of the "six stability" and "six guarantees" tasks, the level of resumption of production and production of enterprises rose steadily. Profits in the second quarter increased by 4.8%, and the growth rate was reduced by From negative to positive, the growth rate rebounded to 15.9% in the third quarter and further accelerated to 20.8% in the fourth quarter.
In December, the profit of industrial enterprises above designated size increased by 20.1% year-on-year, and the growth rate was 4.6 percentage points faster than that in November. After the monthly growth rate in May turned from negative to positive, it maintained double-digit growth for seven consecutive months.
The profit growth is over 60%, and the manufacturing industry has an obvious pulling effect.
In terms of different industries, in 2020, among 41 major industrial sectors, 26 industries have increased profits over the previous year, and 5 more than the previous three quarters. Among them, 15 industries have achieved double-digit profit growth and profit growth industries. The surface is 63.4%.
In terms of categories, in 2020, manufacturing profits will increase by 7.6% over the previous year, and the growth rate will be 6.5 percentage points higher than the previous three quarters, and 3.5 percentage points higher than the growth rate of industrial enterprises above designated size. This will drive the annual profit growth of industrial enterprises above designated size by 6.4 The profit of the mining industry fell by 31.5%, which was 5.7 percentage points lower than the previous three quarters; the profit of the power, heat, gas and water production and supply industry increased by 4.9%, and the growth rate accelerated by 2.3 percentage points.
Unit costs have continued to decline and profitability has increased.
A series of policies to help companies continue to work hard, and the business environment is continuously optimized. The annual tax cuts and fees are expected to exceed 2.5 trillion yuan, effectively alleviating the pressure on business operations.
In 2020, the cost per hundred yuan of operating income of industrial enterprises above designated size is 83.89 yuan, a decrease of 0.11 yuan from the previous year and a decrease of 0.35 yuan from the previous three quarters.
Among them, the cost per hundred yuan of operating income in the fourth quarter decreased by 0.52 yuan year-on-year and 0.65 yuan from the third quarter, and both declined year-on-year and month-on-month for two consecutive quarters.
The profitability of enterprises has been significantly improved.
In 2020, the operating income profit rate of industrial enterprises above designated size was 6.08%, an increase of 0.2 percentage points from the previous year; the monthly operating income profit rate has increased year-on-year for eight consecutive months since May.
The loss of enterprises has been shrinking quarter by quarter, and the extent of losses has continued to decrease.
At the end of 2020, the loss of industrial enterprises above designated size was 17.3%, a sharp decrease of 17.5 percentage points from 34.8% at the end of March, and a decrease of 8.7 and 4.7 percentage points from the end of June and September respectively.
Although the loss of loss-making enterprises increased by 2.8% over the previous year, the increase in loss was 15.3 percentage points lower than the previous three quarters.
On a quarterly basis, the amount of loss has shown a trend of "turning from rising to falling, and the rate of decline expanding."
The losses of loss-making enterprises in the first and second quarters increased by 42.9% and 13.1% respectively, and the losses in the third quarter fell by 21.4%, and the losses in the fourth quarter further fell by 33.0%.
Zhu Hong introduced that the profits of major industrial sectors have achieved positive growth:
The profit of the equipment manufacturing industry recovered first and grew steadily.
Benefiting from the switch of environmental protection standards, the advancement of infrastructure projects and the driving force of the housing economy, the equipment manufacturing industry took the lead to recover profitability. Profit growth in the second quarter turned from negative to positive, and double-digit growth was maintained in the third and fourth quarters.
In 2020, the profit of the equipment manufacturing industry will increase by 10.8% over the previous year, driving the profit of industrial enterprises above designated size to increase by 3.7%, which will have a significant effect on the overall manufacturing industry.
Among them, the general equipment, special equipment, electronics and other industries grew rapidly, with annual profits increasing by 13.0%, 24.4% and 17.2% respectively; the profits of the automobile and electrical machinery industries continued to grow steadily, and the positive trend was further enhanced compared with the previous three quarters .
The profit of high-tech manufacturing industry maintained rapid growth.
In 2020, the profit of high-tech manufacturing industry will increase by 16.4% compared with the previous year, and the growth rate will be 3.5 percentage points higher than that in the first three quarters. It is the industrial sector with the fastest profit growth, and has maintained double-digit growth since the growth rate in the second quarter.
The profit achieved by high-tech manufacturing in the whole year accounted for 17.8% of industrial enterprises above designated size, an increase of 1.9 percentage points from 2019, which strongly promoted the continuous optimization of industrial profit structure.
The cumulative profit growth of the raw material manufacturing industry has turned from negative to positive.
With the gradual unblocking of the upstream and downstream industrial chains, the recovery of domestic market demand and the rebound of international commodity prices such as petrochemicals and non-ferrous metals have resulted in rapid recovery and quarterly improvement in raw material manufacturing profits after a sharp decline at the beginning of the year.
Especially since the second half of the year, the profit of the raw material manufacturing industry has increased rapidly for two consecutive quarters, which has played an important role in the positive growth of the annual profit.
In 2020, the profit of the raw material manufacturing industry will increase by 4.5% over the previous year, and it will fall by 1.7% from January to November. The profit growth for the whole year will turn from negative to positive.
Among them, the cumulative profit decline of the petroleum processing and steel industries narrowed significantly, with a decline of 26.5% and 7.5% for the year, respectively, which was 39.7 and 11.2 percentage points lower than the previous three quarters; the cumulative profit of the chemical industry increased by 20.9%, which was a decline in the first three quarters. 17.7%; non-ferrous industry profits increased by 20.3%, and the growth rate further accelerated.
The profit recovery of the consumer goods manufacturing industry continued to consolidate.
In 2020, the profit of the consumer goods manufacturing industry will increase by 5.1% over the previous year, and the growth rate will be 0.7 percentage points higher than the previous three quarters.
Among them, the profits of epidemic-related industries such as papermaking and medicine increased by 21.2% and 12.8%, respectively, and the growth rate was 7.9 and 4.6% faster than the previous three quarters; the profits of agricultural and sideline food processing, food manufacturing, wine, beverages and tea, textiles and other essential consumer goods industries Continued steady growth, with a growth rate of between 5% and 10%; the profit decline of non-essential consumer goods industries such as clothing, leather, chemical fiber, entertainment products, and furniture manufacturing further narrowed compared with the previous three quarters.
Zhu Hong pointed out that the profit improvement of various market entities is manifested in:
As a series of policies and measures to help enterprises to relieve their difficulties, such as large-scale tax cuts and fee reductions, rent and interest reductions, have continued to take effect, the vitality of various market entities has increased, and the profits of industrial enterprises of various ownerships have comprehensively increased.
The profit decline of state-owned holding companies has significantly narrowed.
In 2020, the profits of state-owned holding industrial enterprises above designated size fell by 2.9% compared with the previous year, but the rate of decline narrowed by 11.4 percentage points compared with the previous three quarters, of which both quarters and quarters maintained double-digit growth.
The profit growth of private enterprises turned from decline to rise.
The annual profit of private enterprises increased by 3.1% over the previous year, and fell by 0.5% in the first three quarters.
Profit growth of foreign-funded enterprises accelerated.
Profits of foreign-invested companies, Hong Kong, Macao and Taiwan-invested enterprises increased by 7.0%, a growth rate of 4.4 percentage points higher than the previous three quarters. Since the second quarter growth rate became positive, it has maintained double-digit growth for three consecutive quarters.
In 2020, the production and operation of industrial enterprises will continue to recover steadily, and corporate profits have achieved rapid stabilization and continued improvement.
At the same time, it must be noted that industrial enterprises are still facing problems such as rapid growth of accounts receivable, increased inventory and greater pressure on cash flow.
In 2021, it is necessary to accelerate the construction of a new development pattern, focus on smoothing the economic cycle, maintain the continuity, stability and sustainability of macro policies, grasp the timeliness and effectiveness of policies, and continue to consolidate the stable recovery of the industrial economy, and realize the "14th Five-Year Plan" The development started well.