Zhongxin Finance, April 27. According to the website of the National Bureau of Statistics, from January to March 2022, the total profits of industrial enterprises above designated size in the country were 1,955.57 billion yuan, an increase of 8.5% year-on-year.

Figure from the website of the National Bureau of Statistics

  From January to March, among the industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 706.85 billion yuan, a year-on-year increase of 19.5%; joint-stock enterprises realized a total profit of 1,439.63 billion yuan, an increase of 14.4%; foreign and Hong Kong, Macao and Taiwan-invested enterprises realized a total profit of 470.75 billion yuan. 100 million yuan, a decrease of 7.6%; private enterprises realized a total profit of 533.15 billion yuan, an increase of 3.2%.

  From January to March, the mining industry realized a total profit of 383.50 billion yuan, a year-on-year increase of 1.48 times; the manufacturing industry realized a total profit of 1,473.81 billion yuan, down 2.1%; the electricity, heat, gas and water production and supply industry realized a total profit of 98.25 billion yuan, down 30.3%.

  From January to March, among the 41 major industrial sectors, the total profit of 24 industries increased year-on-year, 15 industries decreased, 1 industry reduced losses, and 1 industry remained unchanged.

The profits of major industries are as follows: the total profit of coal mining and washing industry increased by 1.89 times year-on-year, oil and natural gas mining industry increased by 1.51 times, non-ferrous metal smelting and rolling processing industry increased by 52.9%, chemical raw materials and chemical products manufacturing industry increased by 18.4%, The textile industry increased by 14.0%, the non-metallic mineral products industry increased by 11.0%, the electrical machinery and equipment manufacturing industry increased by 10.4%, the special equipment manufacturing industry increased by 4.8%, the computer, communication and other electronic equipment manufacturing industry increased by 2.8%, and the automobile manufacturing industry decreased 11.9%, general equipment manufacturing industry fell 17.0%, agricultural and sideline food processing industry fell 22.9%, petroleum, coal and other fuel processing industry fell 29.8%, electricity, heat production and supply industry fell 35.2%, ferrous metal smelting and rolling processing industry A drop of 49.7%.

  From January to March, the operating income of industrial enterprises above designated size was 31.27 trillion yuan, a year-on-year increase of 12.7%; the operating cost was 26.29 trillion yuan, an increase of 13.5%; the operating income profit margin was 6.25%, a year-on-year decrease of 0.24 percentage points.

  At the end of March, the assets of industrial enterprises above designated size totaled 144.61 trillion yuan, a year-on-year increase of 10.6%; the total liabilities were 81.68 trillion yuan, an increase of 10.5%; the total owner's equity was 62.93 trillion yuan, an increase of 10.8%; the asset-liability ratio was 56.5%, Flat year-on-year.

  At the end of March, the accounts receivable of industrial enterprises above designated size was 19.16 trillion yuan, a year-on-year increase of 14.4%; the inventory of finished products was 5.61 trillion yuan, an increase of 18.1%.

  From January to March, the cost per 100 yuan of operating income of industrial enterprises above designated size was 84.07 yuan, a year-on-year increase of 0.56 yuan; the cost per 100 yuan of operating income was 8.09 yuan, a year-on-year decrease of 0.54 yuan.

  At the end of March, the operating income per 100 yuan of assets of industrial enterprises above designated size was 87.2 yuan, an increase of 1.7 yuan year-on-year; the per capita operating income was 1.683 million yuan, an increase of 181,000 yuan year-on-year; the inventory turnover days of finished products was 18.8 days, an increase of 0.6 year-on-year. days; the average collection period of accounts receivable was 54.7 days, an increase of 0.9 days year-on-year.

  Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, explained that the performance of industrial enterprises in the first quarter mainly showed the following characteristics:

  First, the profits of industrial enterprises achieved steady growth.

In the first quarter, the profits of industrial enterprises above designated size increased by 8.5% year-on-year, maintaining a steady growth trend.

From the perspective of the three categories, the profits of the mining industry increased by 1.48 times, the manufacturing industry decreased by 2.1%, and the production and supply of electricity, heat, gas and water decreased by 30.3%.

  Second, the mining industry strongly drives the profit growth of industrial enterprises.

The measures to ensure energy supply have been effectively advanced, the production of coal and other energy products has grown rapidly, and factors such as international geopolitical conflicts have led to a sharp rise in commodity prices, which together have led to a rapid increase in the profits of related industries.

In the first quarter, the profit of the mining industry increased by 1.48 times year-on-year, continuing the high growth trend since last year, and the growth rate was 15.8 percentage points higher than that in January-February.

Among them, the PPI of the coal mining and selection industry and the oil and natural gas mining industry increased by 53.9% and 47.4% year-on-year respectively in March, driving the industry profits in the first quarter to increase by 1.89 times and 1.51 times respectively. The two industries together drove the profits of industrial enterprises above designated size in the first quarter. An increase of 12.1 percentage points.

  Third, the high-tech manufacturing industry promotes the profit growth of industrial enterprises.

In the first quarter, the profit of high-tech manufacturing industry increased by 3.8% year-on-year, which was an improvement from January-February.

Among them, the profits of the electronics and communication equipment manufacturing industry changed from a decline in January to February to an increase of 11.1%; the profits of the pharmaceutical manufacturing industry fell by 8.9% year-on-year due to a high base, but the decline narrowed by 8.7 percentage points compared with the first two months. Profit increased by 12.0% year-on-year.

The two industries together boosted the growth rate of profits of industrial enterprises above designated size in the first quarter and March by 1.6 and 4.2 percentage points respectively compared with the first two months.

  Fourth, the profits of some equipment and consumer goods manufacturing industries have improved.

In the first quarter, some equipment manufacturing industries were driven by factors such as the release of production capacity in new energy vehicle-related industries and the increase in demand for medical equipment, and their profit growth accelerated.

The profit of the electrical machinery industry increased by 10.4%, and the growth rate was 4.7 percentage points higher than that of the first two months; the profit of the special equipment industry increased by 4.8%, and the growth rate was 0.8 percentage points higher.

Profit growth in some consumer goods industries improved.

The profits of the textile, food manufacturing and tobacco industries increased by 14.0%, 13.3% and 9.4% respectively, continuing to maintain rapid growth; the decline in the profits of the agricultural and sideline food processing industry was 6.5 percentage points lower than that in January-February.

  Fifth, the unit cost decreased.

As the tax cuts and fee reductions and the bailout policies for enterprises continued to exert their effect, the expenses per 100 yuan of operating income of industrial enterprises above designated size in the first quarter decreased by 0.54 yuan year-on-year, and 0.18 yuan less than that from January to February.

The profit rate of enterprise operating income was 6.25%, an increase of 0.28 percentage points from January to February.

  Generally speaking, in the first quarter, various measures were taken to reduce taxes and fees, and help enterprises to bail out, and the profits of industrial enterprises maintained steady growth.

However, it should also be noted that the increasing pressure of external imported inflation and the spread of the new crown pneumonia epidemic have brought many challenges to the stable development of the industrial economy and increased difficulties in production and operation of enterprises.

In the first quarter, the profit growth rate of industrial enterprises above designated size dropped by 3.8 percentage points compared with the fourth quarter of the previous year, and the profits of different industries and different types of enterprises were significantly differentiated; the growth of operating income of industrial enterprises slowed down, the level of industrial production and sales connection declined, and corporate inventories were running at a high level. , the cost pressure of SMEs is still relatively large.

  Zhu Hong said that in the next stage, it is necessary to thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council, adhere to the principle of stability, coordinate epidemic prevention and control and economic and social development, implement various policies and measures to support the stable development of the real economy, and continue to ensure supply. Stabilize prices, ensure smooth logistics, focus on stabilizing the industrial chain and supply chain, stimulate the vitality of market players, and create more favorable conditions for the sustainable and healthy operation of the industrial economy.

(Finish)

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