Profits of industrial enterprises maintained a good growth trend in the third quarter (new data and new highlights) Profits of high-tech manufacturing increased by 33.6% year-on-year
In the third quarter, more than 70% of the industry’s profitability exceeded the level before the epidemic. Among the 41 major industrial sectors, 29 industries have increased their profits compared with the same period in 2019, accounting for 70.7%. The overall performance of most industries is better than before the epidemic. Among them, there are 18 industries with an average growth rate of 10% or more in two years. Beijing, October 29 (Reporter Lu Yanan) The National Bureau of Statistics recently released data showing that from January to September, the total profits of industrial enterprises above designated size nationwide reached 634.408 billion yuan, a year-on-year increase of 44.7%, and an average increase of 18.8% in two years. (Based on the same period in 2019, the geometric average method is used for calculation). In the third quarter, the profits of industrial enterprises increased by 14.3% year-on-year, continuing to maintain double-digit growth; the two-year average growth rate was 15.1%, maintaining a good growth overall. Among them, the profit in September increased by 16.3% year-on-year, and the growth rate was 6.2 percentage points higher than the previous month.
According to Zhu Hong, a senior statistician from the Department of Industry of the National Bureau of Statistics, the profit of high-tech manufacturing is growing rapidly. In the third quarter, the profit of high-tech manufacturing industry increased by 33.6% year-on-year, and the growth rate was 19.3 percentage points higher than the average level of the above-scale industries, and the leading role was significant.
The profitability of the mining industry and the raw material manufacturing industry has expanded significantly. In the third quarter, the profit of the mining industry increased by 2.04 times year-on-year, and the raw material manufacturing industry increased by 42.5%, continuing to maintain a rapid growth trend, providing important support for the improvement of industrial enterprise profitability.
The profit of the consumer goods manufacturing industry recovered steadily. In the third quarter, as market demand continued to recover, the profit of the consumer goods manufacturing industry increased by 9.7% year-on-year, with an average growth rate of 12.0% in two years, showing a steady recovery trend. Among them, the profit of the chemical fiber industry increased by 2.15 times year-on-year, showing rapid growth; the profit of the furniture manufacturing, culture, education, and arts industries increased by 10.6% and 8.3%, respectively, and the growth was relatively stable.
In the third quarter, as policy measures such as reducing taxes and fees and supporting 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 percentage points.
At the end of September, the accounts receivable and finished product inventories of industrial enterprises above designated size increased by 11.5% and 13.7% year-on-year, respectively, and the growth rate dropped by 0.6 and 0.5 percentage points respectively from the end of the previous month. The occupation of working capital has improved. The average payback period of corporate accounts receivable was shortened by 3.8 days year-on-year, and 0.4 days shorter than the end of the previous month. Finished goods inventory turnover days decreased by 1.5 days year-on-year, and 0.3 days shorter than the end of the previous month. The efficiency of the use of corporate funds has been improved, and the operating conditions have been further improved.
“People’s Daily” (Version 01, October 30, 2021)