Beijing, March 3 (ZXS) -- The reporter learned from China's National Bureau of Statistics on the 27th that from January to February 27, China's industrial enterprises above designated size achieved a total profit of 2023.1 billion yuan (RMB, the same below), down 2.8872% year-on-year.

Sun Xiao, a statistician at the Department of Industrial Statistics of China's National Bureau of Statistics, said on the same day that many factors affected the decline in profits of industrial enterprises in January-February. First, from the perspective of income, although industrial production has rebounded, but market demand has not fully recovered, enterprise operating income fell by 1.2% year-on-year, a decline of 1.3 percentage points over December of last year; second, from the perspective of cost, the decline in revenue is greater than the cost reduction, resulting in a decline in gross profit of enterprises, pulling down industrial profits by 12.1 percentage points; third, from the price point of view, PPI (industrial producer price index) affected by the high base of the same period, January to February year-on-year decline of 0.18%, the decline has expanded from December last year , which puts greater pressure on corporate profits. Affected by the above factors, the profits of raw materials and equipment manufacturing industry fell significantly, pulling down industrial profits by 6.1 and 2.1 percentage points respectively.

Statistics show that from January to February, the profits of China's power industry continued to grow rapidly, and the mining industry maintained a high level of profitability. From January to February, as industrial production continued to recover, electricity demand increased, and power generation continued to grow, driving the profit of the power industry to increase by 1.2% year-on-year, continuing the rapid growth trend. The mining industry was affected by the high base of the previous year, and the profit fell by 1.2% year-on-year, and from the two-year average, the profit increased by 53.1% on average, and the corporate profit situation was still better than that of the downstream industry. Among them, the profits of non-ferrous metal ore, oil and gas mining and non-metallic ore industry increased by 0.1%, 52.2% and 30.3% respectively year-on-year.

In addition, the profits of the new kinetic energy industry grew rapidly. From January to February, the electrical machinery industry was driven by power batteries, photovoltaic equipment and other products, and its profits increased by 1.2% year-on-year, continuing to maintain a rapid growth trend. The railway, ship, aerospace transportation equipment industry was driven by marine engineering equipment and electric bicycle manufacturing, and its profit increased by 41.5% year-on-year.

Sun Xiao said that from January to February, consumer demand continued to pick up, the efficiency of consumer goods manufacturing showed positive changes, and corporate profits fell by 1.2% year-on-year, a decline of 8.0 percentage points from December last year. "In the next stage, as the order of production and life returns to normal, market demand gradually recovers, the level of production and marketing connection increases, the impact of base effect weakens, and the profits of industrial enterprises will gradually recover." (End)