Cctv newsRecently, Yu Weining, statistician of the Industry Department of the National Bureau of Statistics, interpreted the profit data of industrial enterprises.
In August, with that effect of a series of policy to promote the recovery of macro economy, industrial production rose steadily, and the profit recovery of enterprises was obviously accelerated. the benefit of industrial enterprises showed the follow main characteristics:
The revenue of industrial enterprises improved, and the revenue of the month resumed growth. With the steady recovery of industrial production, the convergence of production and marketing has improved, and the revenue of industrial enterprises has gradually improved. 1— In August, the operating income of industrial enterprises above designated size decreased by 0.3% year-on-year, a decrease of 1-mdash; It narrowed by 0.2 percentage points in July. Among them, in August, after three consecutive months of decline, the operating income of enterprises increased for the first time, from a year-on-year decrease of 1.4% in July to an increase of 0.8%, which created favorable conditions for the profit to increase from decline.
The profits of industrial enterprises accelerated to recover, and the profits of the month turned from decline to increase. Since the beginning of this year, the decline in profits of industrial enterprises has narrowed month by month. 1— In August, the profits of industrial enterprises fell by 11.7% year-on-year, a decrease of 1-mdash; In July, it narrowed by 3.8 percentage points, and the rebound was obviously accelerated. Among them, the profits of industrial enterprises in August increased by 17.2% year-on-year. Since the second half of last year, the profits of industrial enterprises in that month have achieved positive growth for the first time. The decline in the price of industrial products has obviously narrowed for two consecutive months, and the revenue of enterprises has increased for the first time after three consecutive months of decline, which has driven the profits of industrial enterprises to increase from decline, and the benefits have recovered obviously.
Profits in all three categories have improved, and profits in more than 70% industries have rebounded. 1— In August, the profit of mining industry decreased by 20.5% year-on-year, a decrease of 1-mdash; It narrowed by 0.5 percentage points in July; Manufacturing profits decreased by 13.7%, and the decline narrowed by 4.7 percentage points; The profits of electricity, heat, gas and water production and supply industries increased by 40.4%, and the growth rate accelerated by 2.4 percentage points. In terms of industries, among the 41 industrial categories, 30 industries have accelerated their profit growth, or the decline has narrowed, and the industry has improved by over 70%.
The profit growth of equipment manufacturing industry has accelerated. The new industrial kinetic energy continues to grow, the production of new energy vehicles, lithium-ion batteries, photovoltaic equipment, EMUs and other products grows rapidly, and the development momentum of the equipment manufacturing industry continues to increase. 1— In August, the profit of equipment manufacturing industry increased by 3.6% year-on-year, the growth rate was 1-mdash; It accelerated by 1.9 percentage points in July. The profit growth rate of the equipment manufacturing industry is 15.3 percentage points higher than the industrial average, which continues to lead the steady recovery of the profits of industrial enterprises. In terms of industries, the profits of electrical machinery, railway, ship, aerospace transportation equipment industries increased by 33.0% and 32.5% respectively, maintaining a relatively high growth rate; The profit of the automobile industry increased by 2.4%, and the growth rate accelerated by 1.4 percentage points; The electronics industry was driven by factors such as the rebound in production and sales, and the profit decline narrowed by 5.8 percentage points.
The profit decline of raw material manufacturing industry has narrowed significantly. With the gradual recovery of downstream demand, the prices of some commodities continued to rise, and the profits of the raw material industry improved significantly. 1— In August, the profit of raw material manufacturing industry decreased by 42.9% year-on-year, a decrease of 1-mdash; In July, it narrowed by 8.0 percentage points, which led to a 2.5 percentage point decline in industrial profits, which greatly improved the profits of industrial enterprises. In terms of industries, driven by the changes in refined oil prices and low profit base in the same period, the profit of petroleum processing industry decreased by 1-mdash; It narrowed by 18.1 percentage points in July; Driven by the rebound of steel and nonferrous metals prices and the improvement of production and sales of enterprises, the profit decline of steel and nonferrous smelting industries narrowed by 33.4 and 9.7 percentage points respectively. Judging from the situation in the month of August, the oil processing and steel industries all turned into profits from the net loss of the whole industry in the same period of last year.
The profitability of the consumer goods manufacturing industry continued to improve. The effect of the policy of expanding domestic demand and promoting consumption continued to appear, and the consumer goods market accelerated its recovery, driving the profit of consumer goods manufacturing industry to continue to improve. 1— In August, the profit of consumer goods manufacturing industry decreased by 12.0% year-on-year, a decrease of 1-mdash; It narrowed by 1.6 percentage points in July. Among them, the profits of leather shoemaking and food manufacturing industries increased by 16.0% and 0.4% respectively, and the profits were all from 1-mdash; The year-on-year decline in July turned into growth; The profit decline of agricultural and sideline food processing, paper making and textile industries narrowed by 6.6, 6.3 and 5.3 percentage points respectively.
The profits of different types of enterprises have rebounded. With the in-depth implementation of a series of policies and measures to boost confidence and promote development, the benefits of various business entities have continued to improve and their vitality has been continuously enhanced. 1— In August, among the regulated industrial enterprises, the profits of state-controlled, foreign-invested and Hong Kong, Macao and Taiwan-invested enterprises decreased by 1-mdash year-on-year; In July, it narrowed by 3.8 and 1.3 percentage points respectively; The decline in profits of private enterprises narrowed by 6.1 percentage points, and the recovery rate was faster. The profit decline of large, medium and small enterprises narrowed by 4.1, 3.4 and 3.4 percentage points respectively.
The unit cost of enterprises has decreased, and the profit rate of operating income has increased. Recently, the ex-factory prices of some industrial products continued to rise, which led to the improvement of enterprise revenue, while the raw materials were purchased in the early stage, and the prices were relatively low, which promoted the decline of enterprise unit costs and the expansion of profit space. In August, the cost per 100 yuan of operating income of industrial enterprises was 84.86 yuan, a year-on-year decrease of 0.87 yuan and a quarter-on-quarter decrease of 0.29 yuan. The profit rate of operating income increased for the first time this year, reaching 6.41%, up 0.90 percentage points year-on-year and 1.15 percentage points quarter-on-quarter, and the profitability of enterprises improved significantly.
Generally speaking, the profit recovery of industrial enterprises has obviously accelerated, but the cumulative profit has still dropped significantly. In the next stage, we should resolutely implement the decision-making arrangements of the CPC Central Committee and the State Council, promote the implementation of various policies and measures, continue to promote new industrialization, continuously improve the quality of supply, focus on expanding effective demand, continuously boost market confidence, stimulate the vitality of business entities, and continuously promote the industrial economy to achieve effective improvement in quality and reasonable growth in quantity.
Related links:
National Bureau of Statistics: 1-mdash in 2023; In August, the profits of industrial enterprises above designated size decreased by 11.7%.
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