China News Service, June 27. According to the website of the National Bureau of Statistics, on the 27th, Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics, interpreted the profit data of industrial enterprises and said that with the overall planning of epidemic prevention and control and the continuous consolidation of economic and social development results, the market Demand has recovered steadily, the operating conditions of industrial enterprises have continued to improve, and corporate profits have continued to grow steadily.

Data map: On June 3, the 17th China (Tianjin) International Equipment Manufacturing Expo opened in Tianjin Meijiang Convention and Exhibition Center.

Photo by China News Agency reporter Tong Yu

　　From January to May, the profits of industrial enterprises above designated size across the country increased by 83.4% year-on-year, 48.0% year-on-year, and a two-year average increase of 21.7% (based on the same period in 2019 and calculated using the geometric average method).

Looking at the month of May, the profits of industrial enterprises above designated size increased by 36.4% year-on-year, 44.6% year-on-year, and an average growth rate of 20.2% over the two years.

　　Zhu Hong said that the benefits of industrial enterprises in May showed the following characteristics:

　　First, nearly 70% of the industry's profits have increased year-on-year, and 80% of the industry's profits have exceeded the same period in 2019.

In May, among 41 major industrial sectors, 28 industries achieved year-on-year profit growth (or turned losses into profits), accounting for 68.3%.

Among them, 8 industries have a profit growth rate of more than 100%, and 6 industries have a profit growth rate of 30%-100%.

Compared with the same period in 2019, 33 industries achieved profit growth, accounting for 80.5%.

　　Second, the profit of the raw material manufacturing industry maintained rapid growth.

In May, the profit of the raw material manufacturing industry increased by 1.11 times year-on-year, with an average growth rate of 32.0% in two years. The growth rate was 74.8 and 11.8 percentage points higher than those of the industrial enterprises above designated size, respectively, driving the rapid growth of the profit of industrial enterprises.

Among them, benefiting from the recovery of market demand and rising prices of bulk commodities, ferrous metals, non-ferrous metal smelting and rolling processing industries, chemical raw materials and chemical products manufacturing, petroleum and coal and other fuel processing industries have increased their profits rapidly, with an average increase in the two years. The average speed is between 31% and 68%, and the above four industries together have driven the profits of industrial enterprises above designated size to increase by 8.3 percentage points on average in two years.

　　Third, the profit growth of the consumer goods manufacturing industry such as pharmaceuticals has accelerated significantly.

In May, the profit of the consumer goods manufacturing industry increased by 30.6% year-on-year, and the two-year average growth rate was 21.3%. The growth rate was 6.4 and 3.7% faster than that in April, respectively.

Among them, driven by the strong demand for epidemic prevention and anti-epidemic materials such as the new crown vaccine and testing reagents, the profit of the pharmaceutical manufacturing industry maintained rapid growth. Profits in May increased by 85.7% year-on-year, and the two-year average growth was 50.9%, which was an increase of 23.6 and 12.5 percentage points respectively from April. ; The profit of chemical fiber and food manufacturing industry increased by 1.50 times and 10.4% respectively in two years, 58.0 and 4.7 percentage points higher than that in April respectively; the profit of wood processing and wood, bamboo, rattan and palm grass products industry increased by 9.0% on average in two years, compared with April For a decrease of 1.0%.

　　Fourth, unit costs have fallen, and profitability has continued to rise.

In May, the cost per hundred yuan of operating income of industrial enterprises above designated size decreased by 0.75 yuan year-on-year, and slightly decreased by 0.29 yuan from the previous month.

Among them, the cost per hundred yuan of operating income in the mining industry decreased by 12.76 yuan year-on-year, and the raw material manufacturing industry decreased by 1.99 yuan year-on-year.

The cost per hundred yuan of operating income of industrial enterprises above designated size decreased by 0.35 yuan year-on-year.

The operating income margin was 8.02%, a year-on-year increase of 0.95 percentage points.

　　Fifth, the scope of corporate losses continued to shrink, and the amount of losses fell sharply.

At the end of May, the loss of industrial enterprises above designated size was 22.6%, a year-on-year decrease of 3.2 percentage points and a decrease of 1.2 percentage points from the end of April.

From January to May, the loss of loss-making enterprises decreased by 29.6% year-on-year.

　　Sixth, the growth rate of accounts receivable continued to fall.

At the end of May, the accounts receivable of industrial enterprises above designated size increased by 14.1% year-on-year, a decrease of 1.9 percentage points from the end of April, and it fell for two consecutive months.

The average payback period for accounts receivable was 52.5 days, a year-on-year decrease of 7.0 days and a decrease of 0.2 days from the end of April.

　　Seventh, the asset-liability ratio continued to decline.

At the end of May, the asset-liability ratio of industrial enterprises above designated size was 56.3%, a year-on-year decrease of 0.6 percentage points. Since November 2020, the asset-liability ratio of state-owned holding enterprises was 56.8%, a year-on-year decrease of 0.7 percentage points.

　　Zhu Hong pointed out that on the whole, the profitability of industrial enterprises continued to recover in a stable manner in May, but the imbalance of corporate profitability was more prominent, and the foundation for recovery was not yet solid.

First, due to factors such as rising prices of bulk commodities, the new profits of industrial enterprises are mainly concentrated in the upstream mining and raw material manufacturing industries, and the cost pressure of downstream industries is increasing.

Second, the profit growth rate of small and micro enterprises is lower than that of large and medium-sized enterprises, and the profit growth rate of private enterprises is lower than the average level of industrial enterprises above designated size.

　　In the next stage, it is necessary to thoroughly implement the Party Central Committee’s decision and deployment, scientifically and accurately implement macro policies, continue to promote reforms and innovations, stimulate the vitality of market entities, help companies relieve difficulties, focus on guiding the return of commodity prices to the fundamentals of supply and demand, and promote the sustained and stable recovery of the industrial economy .