China News Service, July 27th. The website of the National Bureau of Statistics released an article on the interpretation of the profit data of industrial enterprises by Zhu Hong, a senior statistician of the Industrial Department of the National Bureau of Statistics.

　　Among them, in June, various regions and departments conscientiously implemented the decisions and arrangements of the Party Central Committee and the State Council, efficiently coordinated epidemic prevention and control and economic and social development, and thoroughly implemented a series of policies and measures to stabilize the economy. , the profit of the month turned from decline to increase, and the industry structure improved.

　　1. The profit recovery of industrial enterprises accelerates

　　Production and sales continued to rebound, and operating income achieved rapid growth.

In June, with the obvious repair of the industrial chain and supply chain, the added value of industrial enterprises above designated size increased by 3.9% year-on-year, and the operating income of enterprises increased by 8.6%, both rebounding for two consecutive months, 6.8 and 7.2 percentage points higher than the low point in April, respectively. The growth rate of revenue has been close to the average level in recent years, production and sales continued to improve marginally, and corporate profits gradually recovered.

In the first half of the year, the operating income of industrial enterprises above designated size increased by 9.1% year-on-year.

　　The profits of industrial enterprises in the month turned from decline to increase, and the profits in the first half of the year maintained a slight increase.

Since the second quarter, affected by the frequent spread of the epidemic in some areas, the benefits of industrial enterprises have been under obvious pressure.

With the effective control of the epidemic, the decline in profits of industrial enterprises narrowed slightly in May. In June, the supply chain of the industrial chain further recovered, and the efficiency of industrial enterprises improved significantly. The profits of industrial enterprises above designated size nationwide increased by 0.8% year-on-year, from two consecutive months. The decline turned into positive growth, and the profit growth rate rebounded by 7.3 percentage points from the previous month, showing a trend of accelerated recovery.

In the first half of the year, the profits of industrial enterprises above designated size increased by 1.0% year-on-year.

　　Profits of most industries rebounded, and profits of some industries grew rapidly.

In June, among the 41 major industrial sectors, 23 industries saw their profit growth speed up or the decline narrowed compared to the previous month, from decline to increase, accounting for 56.1%.

There were 21 industries with year-on-year profit growth, with an industry growth rate of 51.2%, of which 15 industries achieved double-digit profit growth.

　　The profits of enterprises in the eastern and northeastern regions continued to recover, and the central and western regions maintained rapid growth.

In June, the eastern and northeastern regions accelerated the resumption of work and production. Although corporate profits fell by 13.5% and 2.7% year-on-year, respectively, the decline was 6.0 and 27.1 percentage points lower than the previous month, continuing to maintain the momentum of recovery and driving the profits of industrial enterprises across the country. improve.

Among them, the profits of the Yangtze River Delta region changed from a decrease of 17.8% in the previous month to an increase of 4.6%; the profits of Shanghai, Jiangsu, Liaoning and Jilin all changed from a decrease to an increase or a narrower decline.

Profits in the central and western regions increased by 14.9% and 23.1% respectively, continuing to maintain rapid growth.

　　2. The profit industry structure of industrial enterprises has improved

　　The proportion of manufacturing profits has increased, and the profit differentiation between upstream and downstream has eased.

In June, with the continuous improvement of the efficiency of the mid-stream and downstream industries, the gap in the profit growth rate of the three major industrial categories narrowed.

The profits of the mining industry increased by 77.9% year-on-year, and the growth rate was lower than that of the previous month; the profits of the manufacturing industry decreased by 9.0% year-on-year, and the decline narrowed by 9.5 percentage points compared with the previous month; the profits of the electricity, heat, gas and water production and supply industries increased by 13.1% , the profit has changed from decreasing to increasing.

Manufacturing profits accounted for 76.2% of industries above designated size, an increase of 2.6 percentage points from the previous month, and the industry structure of industrial enterprises' profits further improved.

　　The profit of the equipment manufacturing industry has changed from decline to increase, and the profit of the automobile industry has increased significantly.

In June, benefiting from the continuous recovery of the industrial chain and supply chain, the profit of the equipment manufacturing industry turned from a year-on-year decrease of 9.0% in May to an increase of 4.1%, rebounding for two consecutive months, driving the profit growth rate of industrial enterprises above designated size to rebound by 4.0 percentage points from the previous month. .

Among them, the automobile manufacturing industry has accelerated the resumption of work and production in major automobile producing areas such as Shanghai and Jilin, and its profits have changed from a decline to a substantial increase of 47.7%. The profit increased by 20.0%, 5.0% and 2.8%, and the profits all changed from decreasing to increasing; the profit of the electrical machinery industry increased by 27.7%, maintaining rapid growth.

　　The decline in profits in consumer goods manufacturing narrowed.

In June, as the consumer market continued to recover, the efficiency of the consumer goods manufacturing industry improved. Although profits fell by 11.7% year-on-year, the decline narrowed by 6.7 percentage points from the previous month.

Among them, the profits of textile and clothing, furniture, printing, and agricultural and sideline food processing industries increased by 44.7%, 20.6%, 3.8%, and 1.9% respectively, all of which turned from decline to increase; the decline in profits of chemical fiber and papermaking industries narrowed significantly compared with the previous month; wine The profits of beverage tea and cultural, educational, industrial and aesthetic industries increased by 21.0% and 15.4% respectively, continuing to maintain rapid growth.

　　On the whole, the profit recovery of industrial enterprises has accelerated, and the profit industry structure has undergone positive changes.

However, it should also be noted that the external environment has become more complex and severe, the profit growth rate of industrial enterprises is still at a low level, the cost of enterprises continues to rise, the loss of enterprises is still relatively large, and some enterprises are still facing difficulties in production and operation.

In the next stage, we must resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, continue to promote the implementation of a package of policies and measures to stabilize the industrial economy, continue to expand effective investment, boost consumer demand, increase tax cuts and fee reductions, and help enterprises in bailouts. Continued and stable recovery will create more favorable conditions.

(Zhongxin Finance)

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