Chinanews.com, September 28. 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, interpreted the profit data of industrial enterprises in August on the 28th, and said that in August 2021, industrial production will increase steadily. , The company’s operating conditions continued to improve, and profits maintained a steady growth trend.
Zhu Hong pointed out that in August, the profits of industrial enterprises above designated size across the country increased by 10.1% year-on-year, 31.1% year-on-year, and a two-year average increase of 14.5% (based on the same period in 2019 and calculated using the geometric average method).
From January to August, the profits of industrial enterprises above designated size increased by 49.5% year-on-year, 42.9% year-on-year, and an average increase of 19.5% over the two years.
Zhu Hong said that the benefits of industrial enterprises in August mainly showed the following characteristics:
First, the profit of high-tech manufacturing has continued to grow rapidly.
In August, the profit of high-tech manufacturing industry increased by 17.5% year-on-year, which was 7.4 percentage points higher than the average level of industrial enterprises above designated size, continuing the good development momentum.
Among them, driven by the continued strong demand for the new crown vaccine, the profit of the pharmaceutical manufacturing industry increased by 70.5%, continuing to maintain rapid growth; the profit of the aerospace vehicle and information chemical manufacturing industry increased by 1.77 times and 86.8%, respectively, and the growth rate was significantly faster than the previous month.
Second, the profits of the mining industry and the raw material manufacturing industry maintained a relatively high growth rate.
In August, the profits of the mining industry and the raw material manufacturing industry increased by 1.84 times and 39.6% year-on-year respectively, which were significantly higher than the average level of the above-scale industries; the two-year average growth rate was 58.1% and 36.0% respectively, and the growth rate was 24.0 and 4.4 respectively higher than the previous month. Percentage points.
Among them, driven by the overall high commodity prices, the profit of the coal industry increased by 2.41 times year-on-year, and the growth rate was 30.0 percentage points higher than the previous month; the profit of the oil and gas extraction industry increased by 2.57 times year-on-year; the profit of the non-ferrous and chemical industries increased by 98.9% and 66.5%, respectively .
Third, the profit of the consumer goods manufacturing industry has recovered steadily.
In August, the profit of consumer goods manufacturing industry increased by 14.4% year-on-year, 4.3 percentage points higher than the average level of industrial enterprises above designated size; the contribution rate to the profit growth of industrial enterprises above designated size was 29.5%, an increase of 4.8 percentage points from the previous month, which was a significant contribution to the recovery of industrial enterprises’ benefits. The supporting role has been enhanced.
Among them, driven by factors such as the rebound in market demand, rising product prices, and the receipt of investment income, the profits of the chemical fiber, leather footwear, textile and apparel industries increased by 2.70 times, 67.5%, and 8.1% respectively year-on-year.
Fourth, unit expenses continued to decline, and the scope of corporate losses continued to shrink.
In August, the cost per hundred yuan of operating income of industrial enterprises above designated size was 8.29 yuan, a year-on-year decrease of 0.31 yuan, continuing the trend of continuous year-on-year decline since the beginning of the year, helping companies maintain stable growth in profits and shrinking losses.
At the end of August, the loss of industrial enterprises above designated size was 20.8%, a year-on-year decrease of 0.6 percentage points.
Fifth, the efficiency of the use of corporate funds has been improved, and the operating conditions have continued to improve.
The pressure on enterprises to pay back has been reduced, and the speed of capital turnover has accelerated year-on-year.
At the end of August, the average payback period for accounts receivable of industrial enterprises above designated size and the inventory turnover days for finished products were 51.6 days and 17.6 days, respectively, a year-on-year decrease of 4.4 days and 1.8 days respectively.
The debt-to-asset ratio continued to maintain a downward trend, and the company's debt-to-asset ratio was 56.4%, a year-on-year decrease of 0.4%.
Among them, the asset-liability ratio of state-controlled enterprises was 57.1%, a year-on-year decrease of 0.7 percentage points.
Zhu Hong said that overall, despite the spread of epidemics and floods and the high base during the same period, the profits of industrial enterprises above designated size continued to grow steadily in August, and business conditions continued to improve.
What needs attention is that the epidemic is still spreading in some areas, the overall high prices of bulk commodities, the high cost of international logistics, and the shortage of chips are still pushing up corporate costs, and the sustained and stable recovery of corporate profits is facing more challenges.
In the next stage, in accordance with the decisions and deployments of the Party Central Committee and the State Council, we will do a good job in normalizing the epidemic prevention and control work, deepen the supply-side structural reform, and implement a series of products such as ensuring the supply and stabilization of prices, reducing taxes and fees, and financial services to the real economy. Policies and measures, vigorously promote scientific and technological innovation, accelerate the construction of a new development pattern, unblock economic and social cycles, and maintain the stable operation of the industrial economy.