China News Service, October 27. According to the website of the National Bureau of Statistics, Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics, today interprets the profit data of industrial enterprises and pointed out that in the third quarter of 2021, industrial production continued to recover and profits maintained a good growth trend. , The company's profitability continued to improve, and the profitability, asset-liability ratio and capital turnover continued to improve year-on-year.

Data map: Workers on the production line are working.

Photo by China News Agency reporter Chen Chao

Industrial enterprise profits maintain rapid growth

  Zhu Hong pointed out that from January to September, the profits of industrial enterprises above designated size across the country increased by 44.7% year-on-year, and the two-year average growth rate was 18.8% (based on the same period in 2019, calculated by the geometric average method).

In the third quarter, the profits of industrial enterprises increased by 14.3% year-on-year, continuing to maintain double-digit growth; the two-year average growth rate was 15.1%, the growth rate slightly slowed down from the second quarter, and overall maintained a good growth trend.

Among them, the profit in September increased by 16.3% year-on-year, and the growth rate was 6.2 percentage points higher than the previous month.

  More than 70% of the industry's profitability exceeded the level before the epidemic.

In the third quarter, among 41 major industrial sectors, 29 industries increased their profits compared to the same period in 2019, accounting for 70.7%. The overall performance of most industries was better than before the epidemic.

Among them, there are 18 industries with an average growth rate of 10% or more in the two-year profit.

  The profit of high-tech manufacturing industry has grown rapidly.

In the third quarter, the profit of high-tech manufacturing industry increased by 33.6% year-on-year, and the growth rate was 19.3 percentage points higher than the average level of industrial enterprises above the designated size, showing a significant leading role.

Among them, the pharmaceutical manufacturing industry was driven by the large domestic and foreign vaccine demand and the booming production and sales of enterprises. The profit in the third quarter increased by 66.8% year-on-year, continuing the rapid growth trend since the beginning of the year. Investment income was driven by factors such as decline to increase. Profits increased by 33.4% year-on-year, and the growth rate was 14.6% faster than the second quarter; the profit of the aerospace vehicle and equipment manufacturing industry increased by 25.4% year-on-year, maintaining rapid growth.

  The profitability of the mining industry and the raw material manufacturing industry has expanded significantly.

In the third quarter, the profit of the mining industry increased by 2.04 times year-on-year, and the raw material manufacturing industry increased by 42.5%, continuing to maintain a rapid growth trend, providing important support for the improvement of industrial enterprise profitability.

Among them, driven by factors such as the continuous rise in product prices, in the third quarter, the profit of the coal industry increased by 2.72 times year-on-year, and the growth rate was much faster than in the second quarter; the profit of oil and gas exploration, non-ferrous metals, petroleum processing, chemical, and steel industries increased by 2.97 times and 77.6% respectively. , 70.8%, 69.3%, 42.6%, all achieved rapid growth.

  The profit of the consumer goods manufacturing industry recovered steadily.

In the third quarter, as market demand continued to recover, the profit of the consumer goods manufacturing industry increased by 9.7% year-on-year, with an average growth rate of 12.0% in two years, showing a steady recovery trend.

Among them, the profit of the chemical fiber industry increased by 2.15 times year-on-year, showing rapid growth; the profit of the furniture manufacturing, culture, education, and arts industries increased by 10.6% and 8.3%, respectively, and the growth was relatively stable.

Significant improvement in business operations

  Zhu Hong emphasized that unit expenses have fallen and profitability has increased.

In the third quarter, as policy measures such as tax cuts and fee reductions and support for the development of the real economy continued to take effect, the cost per hundred yuan of operating income of industrial enterprises above designated size decreased by 0.39 yuan year-on-year, a significant drop.

The profit margin of corporate operating income was 6.70%, a year-on-year increase of 0.13 percentage points.

The improvement in profitability led to a continued decline in the corporate asset-liability ratio. At the end of September, the corporate asset-liability ratio was 56.3%, a decrease of 0.5 percentage points year-on-year and a decrease of 0.1 percentage points from the end of the previous month.

  Accelerated capital turnover and improved operational efficiency.

At the end of September, the accounts receivable and finished goods inventories of industrial enterprises above designated size increased by 11.5% and 13.7% year-on-year, respectively, and the growth rate dropped by 0.6 and 0.5 percentage points from the end of the previous month. The occupation of working capital improved.

The average payback period of corporate accounts receivable was shortened by 3.8 days year-on-year, and 0.4 days shorter than the end of the previous month.

Finished goods inventory turnover days decreased by 1.5 days year-on-year, and 0.3 days shorter than the end of the previous month.

The efficiency of the use of corporate funds has been improved, and the operating conditions have been further improved.

  Zhu Hong said that in the third quarter, the profits of industrial enterprises above designated size maintained a good growth momentum, but factors such as high commodity prices and insufficient supply chain industry chains affected the continued recovery of corporate profits. At the same time, the problem of profit imbalance between upstream and downstream industries was more prominent. The foundation for the restoration of corporate benefits still needs to be further consolidated.

In the next step, in accordance with the decisions and deployments of the Party Central Committee and the State Council, we must do a good job in normalizing epidemic prevention and control, maintain the continuity and stability of macroeconomic policies, do a good job in economic cross-cycle adjustment, stabilize commodity prices, continue to expand domestic demand, promote transformation and upgrading, and stimulate the market The vitality of the main body ensures that the industrial economy operates within a reasonable range.

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