Profits of industrial enterprises maintain steady growth
—— Zhu Hong, a senior statistician from the Department of Industry of the National Bureau of Statistics, interprets the profit data of industrial enterprises
2021year8In May, industrial production made steady progress, business operations continued to improve, and profits maintained a steady growth trend.8In June, the profits of industrial enterprises above designated size increased year-on-year10.1%,Compare2019Year-on-year growth31.1%, Two-year average growth14.5%(by2019The year-on-year number is the base, calculated by the geometric average method).From1—8Cumulative month, the profits of industrial enterprises above designated size increased year-on-year49.5%,Compare2019Year-on-year growth42.9%, Two-year average growth19.5%。
8The profit status of industrial enterprises in January mainly showed the following characteristics:
First, the profit of high-tech manufacturing has continued to grow rapidly.8In January, the profit of high-tech manufacturing industry increased year-on-year17.5%, Higher than the average level of industries above designated size7.4Percentage points, continuing the good development momentum.Among them, driven by the continued strong demand for the new crown vaccine, the profit of the pharmaceutical manufacturing industry has increased70.5%, Continue to maintain rapid growth; the profits of the aerospace vehicle and information chemical manufacturing industries have increased respectively1.77Times,86.8%, The growth rate was significantly faster than last month.
Second, the profits of the mining industry and the raw material manufacturing industry maintained a relatively high growth rate.8In January, the profits of the mining industry and the raw material manufacturing industry increased year-on-year respectively1.84Times,39.6%, Are significantly higher than the average level of industries above designated size; the two-year average increase58.1%、36.0%, The growth rate was faster than last month24.0with4.4Percentage points.Among them, driven by the overall high price of bulk commodities, the profit of the coal industry increased year-on-year2.41Times, the growth rate is faster than last month30.0Percentage points; profit of oil and gas extraction industry increased year-on-year2.57Times; non-ferrous and chemical industry profits increased respectively98.9%、66.5%。
Third, the profit of the consumer goods manufacturing industry has recovered steadily.8In January, the profit of the consumer goods manufacturing industry increased year-on-year14.4%, Higher than the average level of industries above designated size4.3Percentage points; the contribution rate to the growth of industrial profits above designated size29.5%, Higher than last month4.8Percentage points, the supporting role of the recovery of industrial enterprises’ benefits has been strengthened.Among them, driven by factors such as the rebound in market demand, rising product prices, and the receipt of investment income, the profits of the chemical fiber, leather and footwear, textile and apparel industries increased year-on-year respectively2.70Times,67.5%、8.1%。
Fourth, unit expenses continued to decline, and the scope of corporate losses continued to shrink.8In January, the cost per hundred yuan of operating income of industrial enterprises above designated size was8.29Yuan, decrease year-on-year0.31Yuan, continuing the trend of continuous year-on-year decline since the beginning of the year, helping to maintain steady growth in corporate profits and shrinking losses.8At the end of the month, the losses of industrial enterprises above designated size were20.8%, Both shrinking year-on-year0.6Percentage points.
Fifth, the efficiency of the use of corporate funds has been improved, and the operating conditions have continued to improve. The pressure on enterprises to collect funds has been reduced, and the rate of capital turnover has accelerated year-on-year.8At the end of the month, the average payback period of accounts receivable of industrial enterprises above designated size and the inventory turnover days of finished products were respectively51.6sky,17.6Days, respectively decreased year-on-year4.4sky,1.8sky.The asset-liability ratio continues to maintain a downward trend, and the corporate asset-liability ratio56.4%,Down0.4Percentage points.Among them, the asset-liability ratio of state-owned holding companies57.1%,Down0.7Percentage points.
Generally speaking, despite the impact of the spread of epidemics and floods and the high base during the same period,8The profits of industrial enterprises above designated size continued to grow steadily in the month, and business conditions continued to improve. What needs attention is that the epidemic is still spreading in some areas, and the overall high commodity prices, high international logistics costs, and chip shortages are still pushing up corporate costs. The continuous and stable recovery of corporate profits is facing more challenges. In the next stage, in accordance with the decisions and deployments of the Party Central Committee and the State Council, we will do a good job in normalizing the epidemic prevention and control work, deepen the supply-side structural reforms, and implement a series of products such as ensuring the supply and stabilization of commodity prices, reducing taxes and fees, and financial services to the real economy. Policies and measures, vigorously promote scientific and technological innovation, accelerate the construction of a new development pattern, unblock economic and social cycles, and maintain the stable operation of the industrial economy.