China News Service, November 27th. According to the National Bureau of Statistics on the 27th, Zhu Hong, a senior statistician of the Industry Department of the National Bureau of Statistics, said when interpreting the profit data of industrial enterprises, the profitability of industrial enterprises above designated size from January to October showed the following main characteristics:
First, the revenue of industrial enterprises maintained rapid growth, while their profits declined year-on-year.
From January to October, the operating income of industrial enterprises above designated size increased by 7.6% year-on-year, and continued to maintain rapid growth.
Affected by factors such as the spread of domestic epidemics and the fact that the ex-factory prices of industrial producers have changed from rising to falling year-on-year, the growth rate of corporate revenue has slowed down compared with the first nine months. 0.7 percentage points.
Second, the profits of the equipment manufacturing industry rebounded significantly.
From January to October, the profit of the equipment manufacturing industry increased by 3.2% year-on-year, and the growth rate was 2.6 percentage points faster than that from January to September, and it rebounded for six consecutive months; the profit in October increased by 25.9%, achieving rapid growth.
The profit structure of industrial enterprises has been continuously optimized. From January to October, the profit of equipment manufacturing industry accounted for 32.2% of the designated industries, an increase of 7.1 percentage points from January to February.
The profits of all eight major industries in the equipment manufacturing industry improved compared with those in January-September.
Driven by the new energy industry, the electrical machinery industry saw a substantial increase in profits of 29.0%, and the growth rate accelerated by 3.7 percentage points; the profit of the railway, ship, aerospace and transportation equipment industry increased by 13.7%, and the growth rate accelerated by 4.2 percentage points; as the policy of promoting automobile consumption continued to be effective, Automobile sales maintained rapid growth, leading to a 0.8% increase in industry profits, and the cumulative profit turned from a decline to an increase for the first time this year.
Third, the profit growth of electric heating, gas and water industry accelerated.
From January to October, the profits of the electricity, heat, gas and water production and supply industry increased by 15.5% year-on-year, and the growth rate further accelerated by 10.6 percentage points on the basis of turning from negative to positive in January-September.
Among them, as the work of ensuring coal supply and stabilizing prices continues to advance, the cost pressure of the power industry has eased, and profits have increased by 28.1% year-on-year, which is 16.7 percentage points faster than that from January to September, driving industrial profits to increase by 1.0 percentage points, compared with 1 —In September, it increased by 0.5 percentage points, which is the industry that stimulates the largest increase in the profit growth rate of industrial enterprises.
Fourth, the profits of foreign capital and SMEs have improved.
From January to October, as the policy of stabilizing foreign investment continued to strengthen, the year-on-year decline in the profits of foreign and Hong Kong, Macao and Taiwan-invested enterprises narrowed by 1.7 percentage points compared with the first nine months, improving for three consecutive months.
From the perspective of the current month, in October, the profits of foreign and Hong Kong, Macao and Taiwan-invested enterprises increased by 9.4% year-on-year.
Since the beginning of this year, relevant policies to help small and medium-sized enterprises have been effective. From January to October, the profits of small and medium-sized enterprises increased by 1.4% year-on-year, and continued to grow.
Zhu Hong said that overall, the profits of industrial enterprises have declined, the structure has continued to improve, and the profits of some mid- and downstream industries have rebounded significantly.
However, we must also be aware that the recent outbreaks of domestic epidemics have frequently occurred, the risk of global economic recession has intensified, and industrial enterprises are facing greater pressure to recover their profits.
In the next step, it is necessary to thoroughly implement the spirit of the 20th National Congress of the Communist Party of China, fully implement the decisions and deployments of the Party Central Committee and the State Council, efficiently coordinate epidemic prevention and control and economic and social development, promote the full implementation of a package of policies and subsequent measures to stabilize the economy, and ensure the stability of the industrial chain and supply chain. Unimpeded, speed up the release of consumer demand, implement the bailout policy that benefits enterprises, and promote the sustained and stable recovery of the industrial economy.
(China New Finance and Economics)