Economic Daily-China Economic Net Beijing, August 27 (Reporter Xiong Li) In July, as the national economy continued to recover steadily, industrial production was generally stable, business conditions continued to improve, and profits maintained steady growth.
According to data released by the National Bureau of Statistics on the 27th, in July, the profits of industrial enterprises above designated size across the country increased by 16.4% year-on-year, an increase of 39.2% over the same period in 2019, and an average increase of 18.0% over the two years.
In July, 60% of the industry profits increased year-on-year, and over 70% of the industry profits exceeded the level before the epidemic.
Among the 41 major industrial sectors, 25 industries achieved year-on-year profit growth (or turned losses into profits), of which 18 industries achieved double-digit profit growth or above.
Compared with the same period in 2019, 31 industries have achieved profit growth, of which 22 industries have achieved a two-year average growth rate of profit faster than in June (or from negative to positive).
"In July, the profit of the mining industry and the raw material manufacturing industry increased by 2.03 times and 50.9% year-on-year, respectively, and the growth rate was higher than that in June. The driving effect of profit growth has increased." Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics, said that from an industry perspective, market demand continues to improve, commodity prices are generally operating at a high level, corporate sales are growing rapidly, and the base of the same period is low. Together, the profits of the oil and gas extraction, oil processing, coal, and chemical industries increased by 3.84 times, 2.16 times, 2.11 times, and 1.07 times respectively year-on-year, all of which accelerated from June.
Profits of high-tech manufacturing industry maintained rapid growth.
In July, the profit of the high-tech manufacturing industry increased by 37.9% year-on-year.
Among them, the profit of the pharmaceutical manufacturing industry increased by 1.10 times year-on-year, maintaining a rapid growth momentum.
The profitability of the consumer goods manufacturing industry continued to recover.
In July, the profit of the consumer goods manufacturing industry increased by 18.6% year-on-year, continuing a steady recovery trend.
Among them, the profit of the chemical fiber industry increased by 3.71 times year-on-year; the profit of the furniture, textile, and wine and beverage industries increased by 41.9%, 13.0%, and 11.2% respectively.
"Overall, the profits of industrial enterprises above designated size maintained a steady growth trend in July, but it must be noted that the imbalance and uncertainty of the improvement of industrial enterprise benefits still exist." Zhu Hong said that in the next stage, it is necessary to do a good job in the protection of bulk commodities. Provide stable price work, help enterprises to alleviate difficulties, improve the resilience of the industrial chain and supply chain, and continuously promote the high-quality development of the industrial economy.