China News Service, November 27. 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, pointed out that in October, with the policy of maintaining supply and stabilizing prices and helping companies to relieve difficulties, when interpreting the profit data of industrial enterprises, With the vigorous advancement of the measures, the production and operation conditions of industrial enterprises have been continuously improved, and the profit growth rate has been steadily rising.

Data map: The robot in the auto parts factory is working.

Photo by China News Agency reporter Zhang Yun

　　Zhu Hong pointed out that the profit of industrial enterprises above designated size across the country increased by 24.6% year-on-year, an acceleration of 8.3 percentage points from the previous month, and rebounded for two consecutive months; the two-year average growth rate was 26.4% (using the same period in 2019 as the base period and using the geometric average method to calculate). Speed ​​up by 13.2 percentage points.

From January to October, the profits of industrial enterprises above designated size increased by 42.2% year-on-year, and the two-year average growth rate was 19.7%, continuing to maintain a rapid growth trend.

　　The benefits of industrial enterprises in October mainly showed the following characteristics:

　　First, the growth of corporate operating income has accelerated.

In October, industrial production rebounded slightly, the export of industrial products grew rapidly, and the prices of some industrial products continued to rise, which drove the acceleration of corporate income growth.

The operating income of industrial enterprises above designated size increased by 12.2% year-on-year, an acceleration of 2.1 percentage points from the previous month, laying a good foundation for the improvement of corporate profitability.

　　Second, the profit growth of the mining industry and the raw material manufacturing industry has accelerated significantly.

In October, driven by the high prices of production materials, the profits of the mining industry and the raw material manufacturing industry increased by 2.81 times and 56.1% year-on-year respectively, which were significantly higher than the industrial average, and the growth rate was 51.7 and 18.4 percentage points higher than the previous month.

In terms of different industries, with the implementation of energy supply policies and measures, coal production increased rapidly in October, driving the coal industry's profit to increase by 4.38 times year-on-year, and the growth rate was 69.6 percentage points higher than the previous month; non-ferrous metals and chemical industry profits increased by 1.68 times respectively , 63.9%, the growth rate was 71.3 and 21.7 percentage points faster than the previous month; the profit of the steel industry increased by 57.3%, maintaining rapid growth.

　　Third, the profit of the consumer goods manufacturing industry has turned from a decline to an increase.

In October, factors such as increased orders for stocking during Double Eleven and other holidays drove the demand for related consumer goods. The profit of the consumer goods manufacturing industry changed from a year-on-year decline in the previous month to an increase of 3.6%. Among them, more than 70% of the consumer goods manufacturing industry's profit rebounded.

In terms of different industries, the profit of the chemical fiber industry increased by 1.18 times year-on-year, and the growth rate was 40.9 percentage points higher than the previous month; the profit of the alcoholic beverage, tobacco, and textile industries increased by 19.5%, 11.1%, and 4.5% respectively, all from decline to increase; The profit decline of the footwear, textile and apparel industries decreased by 14.2 and 11.2 percentage points respectively from the previous month; the profits of the culture, education, industry and beauty industries increased by 12.7%, continuing to maintain a relatively rapid growth rate.

　　Fourth, the profit of the high-tech manufacturing industry maintained rapid growth.

In October, the profit of high-tech manufacturing industry increased by 17.4% year-on-year, continuing the double-digit growth trend. The contribution rate to the profit growth of industrial enterprises above designated size was 11.0%, and continued to help promote the optimization of the industrial economic structure and realize the transformation and upgrading.

In terms of different industries, the market demand for vaccines, computers and other products is good. Driven by factors such as increasing corporate orders, the profit of the pharmaceutical manufacturing industry has increased by 42.0% year-on-year, and the growth rate has accelerated by 12.6 percentage points from the previous month; computer and office equipment manufacturing, aerospace The profit of the appliance and equipment manufacturing industry increased by 14.4% and 10.2% respectively year-on-year, both achieving rapid growth.

　　Fifth, the profit growth of private enterprises has continued to accelerate.

With the further implementation of the relief policy for companies and the impact of a few companies confirming the impact of large investment income, the profit of private enterprises in October increased by 28.8% year-on-year, and the growth rate accelerated by 21.0 percentage points from the previous month. It rebounded for two consecutive months; The profit growth rate of 14 industries is above 20%, showing a good momentum of development.

The contribution rate of private enterprises to the profit growth of industrial enterprises above designated size was 42.7%, an increase of 27.6 percentage points from the previous month.

　　Sixth, the company's unit costs have fallen, and the level of profitability has improved.

In October, the effects of policies such as tax reduction and fee reduction, supply and price stability continued to show, and the pressure of rising costs of industrial enterprises was eased.

The cost per hundred yuan of operating income of industrial enterprises above designated size was 83.45 yuan, a year-on-year decrease of 0.39 yuan, a decrease of 0.58 yuan from the previous month; the cost per hundred yuan of operating income was 8.22 yuan, a year-on-year decrease of 0.51 yuan, a decrease of 0.29 from the previous month Yuan.

The cost pressure of enterprises has been eased, creating favorable conditions for expanding profitability.

The profit margin of corporate operating income rebounded to 7.44%, a year-on-year increase of 0.73 percentage points and an increase of 0.78 percentage points from the previous month.

　　Zhu Hong pointed out that the profits of industrial enterprises continued to rebound in October, but the profit differentiation between upstream and downstream industries has not improved significantly. The cost of some downstream industries is still under pressure, and the downward pressure on the profitability of industrial enterprises still exists.

In the next stage, it is necessary to thoroughly implement the decisions and deployments of the Party Central Committee and the State Council, strengthen the cross-cycle adjustment of macroeconomic policies, in-depth implementation of relevant policies and measures to ensure supply and price stability, promote market supply and demand balance, help enterprises to alleviate difficulties, and promote the sustained and stable development of the industrial economy.