China News Service, September 27. According to data released by the National Bureau of Statistics on the 27th, from January to August, the total profit of industrial enterprises above designated size in the country was 5,525.40 billion yuan, a year-on-year decrease of 2.1%.
Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, interpreted the profit data of industrial enterprises.
The changes in the profits of industrial enterprises from January to August show the following main characteristics:
First, the revenue of industrial enterprises maintained growth and the profit structure improved
.
From January to August, the operating income of industrial enterprises above designated size increased by 8.4% year-on-year, continuing the trend of rapid growth; corporate profits fell by 2.1% year-on-year.
With the decline in the price increase of some bulk commodities, the upstream and downstream profit structure of industrial enterprises has improved significantly, the decline in the profit of equipment manufacturing industry has narrowed for 4 consecutive months, and the profit of the power industry has continued to rebound.
From August, among the 41 major industrial sectors, 27 industries saw faster or narrower profit growth compared with the previous month, from a decline to an increase, accounting for over 60% of the total, most of which were mid- and downstream industries.
Second, the decline in profits of equipment manufacturing industry narrowed significantly, and the proportion of profits increased
.
With the further smoothness of the industrial chain and supply chain, the profit growth of the equipment manufacturing industry has recovered significantly.
From January to August, the profit of equipment manufacturing industry decreased by 2.0% year-on-year, 3.7 percentage points lower than that from January to July.
From August, driven by factors such as policies to support automobile consumption, the production and sales of the automobile manufacturing industry further accelerated, and the profit increased by 1.02 times year-on-year, the highest growth rate in a year; driven by lithium-ion batteries, photovoltaic equipment, air-conditioning manufacturing and other industries, electrical The profits of the machinery industry increased by 36.7%, and the growth rate was 11.1 percentage points higher than that of the previous month; the profits of the electronics and instrumentation industries increased by 22.9% and 21.3% respectively, and the growth rates changed from negative to positive.
Third, the profit of the power industry has improved significantly
.
The continuous recovery of industrial production and the impact of high temperature weather have led to strong demand for electricity, and the growth rate of power generation has accelerated month by month and reached the highest level in recent years, driving the rapid recovery of profits in the power industry.
From January to August, the profit of the power industry decreased by 2.0% year-on-year, 10.0 percentage points lower than that from January to July.
In August, the profit of the power industry increased by 1.58 times year-on-year, and the growth rate was 111.8 percentage points higher than that of the previous month.
Fourth, the profitability of consumer goods manufacturing industry has improved
.
With the continuous release of the effects of consumption-promoting policies, market demand has rebounded, and profits of most consumer goods industries have improved.
In August, the year-on-year decline in the profits of the consumer goods manufacturing industry narrowed significantly compared with the previous month, and the profitability situation improved.
Of the 13 consumer goods manufacturing industries, 8 saw an improvement in profits from the previous month, and 4 saw double-digit gains.
Among them, the profits of the wine, beverage, tea, culture, education, industry and beauty industries increased by 59.8% and 29.1% respectively, and the growth rate was significantly faster than that of the previous month; the profits of the tobacco and food manufacturing industries increased by 33.8% and 19.0% respectively, both maintaining rapid growth.
Fifth, the monthly profits of foreign-funded enterprises have changed from falling to rising, and the decline in profits of small and micro enterprises has narrowed
.
In August, among the industrial enterprises above designated size, the revenue growth of foreign and Hong Kong, Macao and Taiwan-invested enterprises accelerated, and the profit changed from a year-on-year decrease in the previous month to an increase of 6.0%; the profit of small and micro enterprises fell by 4.1% year-on-year, a decrease compared with the previous month narrow, profit recovery is better than that of all industries.
On the whole, the benefits of industrial enterprises showed a recovery trend. The decline in profits for the month narrowed compared with the previous month, the industry structure improved, and the profits of the mid- and downstream industries continued to recover
.
However, it should also be noted that the profits of industrial enterprises are still declining, the production and operation costs of enterprises are still high, and the external environment is unstable and uncertain.
In the next stage, we must resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, step up efforts to promote the release of the package of policies to stabilize the economy and the release of continuous policies, focus on expanding effective demand, intensify efforts to help enterprises, and promote the sustained and stable recovery of the industrial economy.
(Zhongxin Finance)