China News Service, October 27. According to data released by the National Bureau of Statistics on the 27th, from January to September, the total profit of industrial enterprises above designated size in the country was 6,244.18 billion yuan, a year-on-year decrease of 2.3%.
In this regard, Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, made an interpretation.
From January to September, the benefits of industrial enterprises above designated size showed the following main characteristics:
First, the revenue of industrial enterprises grew rapidly, and the decline in profits for the month continued to narrow.
From January to September, the operating income of industrial enterprises above designated size increased by 8.2% year-on-year, continuing the trend of rapid growth, and corporate profits fell by 2.3% year-on-year.
From the perspective of the month, as the economic stabilization package and succession policies were effective, the recovery of the industrial economy accelerated, and the efficiency of enterprises gradually improved. In September, the decline in profits of industrial enterprises narrowed by 6.0 percentage points compared with the previous month. , there are 23 industries with year-on-year profit growth or loss reduction, of which 14 industries have achieved double-digit or above growth; 25 industries have increased profit growth or narrowed the rate of decline compared with the previous month, from decline to increase, accounting for more than 60%.
Second, the profit of equipment manufacturing industry has changed from decreasing to increasing, and the industry structure of industrial enterprises' profit has been continuously improved.
From January to September, the profit of equipment manufacturing industry increased by 0.6% year-on-year, the first time this year, from a decline to an increase, driving the profit growth rate of industrial enterprises above designated size to rebound by 0.8 percentage points from January to August.
The profit of equipment manufacturing industry accounted for 31.5% of the industry above designated size, an increase of about 6.4 percentage points from the beginning of the year.
Among them, the electrical machinery industry was driven by the production growth of photovoltaic equipment and energy storage equipment, and its profits increased by 25.3% year-on-year, which was 4.4 percentage points faster than that from January to August; the profits of railway and ship transportation equipment and instrumentation industries increased by 9.5% and 9.5% respectively. 2.3%, both improved to varying degrees from January to August; although the profit of the automobile manufacturing industry fell by 1.9% year-on-year, but driven by factors such as the restoration of the industrial chain and supply chain and the growth of new energy vehicle production, the decline narrowed by 5.4 percentage points, of which 9 Profit for the month rose 47.4%.
Third, the profits of electricity, heat, gas and water production and supply industries rebounded significantly.
From January to September, the profits of the electricity, heat, gas and water production and supply industries increased by 4.9% year-on-year, the first time this year, from a decline to an increase, driving the profit growth rate of industrial enterprises above designated size to rebound by 0.6 percentage points from January to August.
Among them, the power industry was driven by factors such as the increase in electricity demand and the decline in coal prices, and its profit increased by 11.4% year-on-year, reversing the decline that lasted for more than a year.
Fourth, the profits of the mining industry maintained a relatively high growth rate.
Affected by factors such as high commodity prices, the mining industry has achieved more profits since the beginning of the year, and the profit growth rate has maintained a high level.
From January to September, the profits of the mining industry increased by 76.0% year-on-year.
Among them, the profit of coal mining and dressing industry increased by 88.8%; the profit of oil and gas mining industry increased by 1.12 times, continuing to maintain rapid growth.
Fifth, the decline in the profits of private and foreign-funded enterprises narrowed, and the profit growth of small and medium-sized enterprises accelerated.
From January to September, among the industrial enterprises above designated size, the profits of state-owned holding enterprises continued to grow, with a growth rate of 3.8%; the decline in profits of private enterprises, foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan narrowed by 0.2 and 2.7 percentage points respectively from January to August. The profit of small and medium-sized enterprises increased by 1.5% year-on-year, and the growth rate accelerated by 0.6 percentage points.
Overall, the benefits of industrial enterprises continue to recover, but it should also be noted that the profits of industrial enterprises are still declining year-on-year, the cost level of enterprises is still high, and there are still certain difficulties in the production and operation of some industries and enterprises. It is severe and complex, and the continuous recovery of industrial enterprises' benefits faces risks and challenges.
In the next step, we must fully implement the spirit of the 20th National Congress of the Communist Party of China, implement the decisions and deployments of the Party Central Committee and the State Council, focus on the real economy, effectively coordinate epidemic prevention and control and economic and social development, and focus on promoting economic stability. Policies and measures continued to be effective, consolidating the positive momentum of industrial economic recovery.
(Zhongxin Finance)