China News Service, December 27. According to the National Bureau of Statistics on the 27th, from January to November, the total profit of industrial enterprises above designated size nationwide was 7,717.96 billion yuan, a year-on-year decrease of 3.6%.
From January to November, among the industrial enterprises above the designated size, state-owned holding companies realized a total profit of 2,404.97 billion yuan, a year-on-year increase of 0.5%; joint-stock enterprises realized a total profit of 5,641.20 billion yuan, a decrease of 2.8%; 100 million yuan, a decrease of 7.8%; the total profit of private enterprises was 2,263.69 billion yuan, a decrease of 7.9%.
Zhu Hong, senior statistician of the Industry Department of the National Bureau of Statistics, said that in November, due to factors such as the rebound of the epidemic and insufficient demand, industrial production slowed down and business pressure increased, but the profit structure continued to improve.
The profitability of industrial enterprises from January to November presents the following main features:
First, the revenue of industrial enterprises has maintained growth, while profits have declined.
From January to November, the operating income of industrial enterprises above designated size increased by 6.7% year-on-year, and the overall sales of enterprises maintained a stable growth.
Affected by factors such as the rebound of the epidemic and insufficient demand, the profits of industrial enterprises fell by 3.6% year-on-year, and the decline was 0.6 percentage points higher than that from January to October.
Individual industries and a few key enterprises have a greater impact on the profit drop of industrial enterprises.
Among them, the profits of the iron and steel and petroleum processing industries fell sharply year-on-year, and the profits of the two key vaccine companies decreased significantly year-on-year due to their high profit bases over the same period.
Excluding the above-mentioned industries and enterprises, the profits of other designated industrial enterprises increased by 6.6% year-on-year.
Second, the profits of the equipment manufacturing industry continued to recover, and the profit structure of industrial enterprises continued to improve.
The rapid development of key industries and the easing of cost pressures drove the continuous growth of equipment manufacturing profits.
From January to November, the profit of the equipment manufacturing industry increased by 3.3% year-on-year, and the growth rate was 0.1 percentage points faster than that from January to October; the profit of the equipment manufacturing industry accounted for 33.1% of the industry above the designated size, which was higher than that of January-October and the first half of the year. 0.9 and 5.5 percentage points, the industry structure of industrial enterprise profits continues to improve.
In terms of industries, driven by the new energy industry, the profit of the electrical machinery industry increased by 29.7% year-on-year, and the growth rate was 0.7 percentage points faster than that from January to October; the profit of the railway, ship, aerospace and transportation equipment industry increased by 8.2%, maintaining a rapid growth; Driven by semiconductor equipment, medical equipment and other products, the profit of the equipment industry increased by 3.2%, and the growth rate accelerated by 2.9 percentage points.
Third, the profits of the basic consumer goods industry maintained growth.
All aspects continue to increase the protection of people's livelihood, strengthen the production and supply of key products, and the profits of the basic consumer goods industry maintain a growth trend.
From January to November, the profits of the wine, beverage and tea industry increased by 21.5% year-on-year, maintaining a relatively high growth rate; the profits of the tobacco, food manufacturing, culture, education, art, and leather shoe industries increased by 5.9%-8.6% respectively.
Fourth, the profits of the mining industry and the electrical and water industries maintained a relatively high growth rate.
From January to November, the profits of the mining industry increased by 51.4% year-on-year, and the profits of the production and supply of electricity, heat, gas and water increased by 26.1% year-on-year.
Among them, the profit of the coal mining industry increased by 47.0% year-on-year, maintaining rapid growth; the oil and gas mining industry was driven by the year-on-year rise in oil prices, and the profit increased by 113.1%; the profit of the power industry increased by 47.2% year-on-year, and the growth rate was 19.1 percentage points faster than that from January to October .
Overall, the rebound of the domestic epidemic will restrict the recovery of industrial enterprises' profits in the short term, and the "triple pressure" still has a greater impact on the industrial economy.
In the next step, we must fully implement the spirit of the 20th National Congress of the Communist Party of China and the spirit of the Central Economic Work Conference, fully implement the decisions and deployments of the Party Central Committee and the State Council, better coordinate epidemic prevention and control and economic and social development, ensure the smooth flow of the industrial chain and supply chain, and focus on expanding Domestic demand stimulates the vitality of market entities and creates more favorable conditions for the stabilization and recovery of the industrial economy.
(China New Finance and Economics)
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