A few days ago, the National Bureau of Statistics released data. In September, China’s industrial enterprises above designated size achieved a total profit of 738.74 billion yuan, a year-on-year increase of 16.3%; from January to September, the national industrial enterprises above designated size achieved a total profit of 634.408 billion yuan, a year-on-year increase of 44.7%. In the same period of 2019, it increased by 41.2%, and the two-year average growth rate was 18.8%.
From January to September, among 41 major industrial sectors, the total profits of 35 industries increased year-on-year, one industry turned losses into profits, and five industries declined. The total profit of the manufacturing industry was 5298.64 billion yuan, a year-on-year increase of 42.9%; of which, the total profit of the automobile manufacturing industry was 379.97 billion yuan, an increase of 1.2%, and the growth rate continued to fall.
From January to September, industrial enterprises above designated size achieved operating income of 91.16 trillion yuan, a year-on-year increase of 22.2%; incurred operating costs of 76.33 trillion yuan, an increase of 21.3%; operating income margin was 6.96%, a year-on-year increase of 1.09%. Among them, the operating income of the automobile manufacturing industry was 616.79 billion yuan, a year-on-year increase of 11.3%, and the incurred operating costs were 527.14 billion yuan, a year-on-year increase of 12.4%.
Zhu Hong, a senior statistician from the Department of Industry of the National Bureau of Statistics, said that in the third quarter of 2021, China’s industrial production continued to recover, profits maintained a good growth trend, corporate performance continued to improve, and profitability, asset-liability ratio and capital turnover continued to improve year-on-year .
In the third quarter, as policy measures such as tax cuts and fee reductions and support for the development of the real economy continued to take effect, the cost per hundred yuan of operating income of industrial enterprises above designated size decreased by 0.39 yuan year-on-year, a significant drop. The profit margin of corporate operating income was 6.70%, a year-on-year increase of 0.13%. The improvement in profitability drove the company’s debt-to-asset ratio to continue to fall. At the end of September, the company’s debt-to-asset ratio was 56.3%, down 0.5% year-on-year and 0.1% month-on-month.
Zhu Hong reminded that in the third quarter, the profits of industrial enterprises above designated size maintained a good growth momentum, but factors such as high commodity prices and insufficient supply chain industry chains affected the continued recovery of corporate profits. At the same time, the problem of profit imbalance between upstream and downstream industries was more prominent. The foundation for the restoration of corporate benefits still needs to be further consolidated. In the next step, we must do a good job of normalizing the epidemic prevention and control, maintain the continuity and stability of macroeconomic policies, do a good job in economic cross-cycle adjustment, stabilize the prices of bulk commodities, continue to expand domestic demand, promote transformation and upgrading, stimulate the vitality of market entities, and ensure that the industrial economy operates Reasonable interval.Return to Sohu to see more
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