Home Business Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, interprets the profit data of industrial enterprises

Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, interprets the profit data of industrial enterprises

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5Industrial profits improve in month

——Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, interprets the profit data of industrial enterprises

  5In this month, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at the core, various regions and departments efficiently coordinated epidemic prevention and control and economic and social development. The domestic epidemic prevention and control situation has gradually improved, enterprises have resumed work and production, and logistics have been maintained. The production and operation of industrial enterprises have gradually resumed, and the decline in corporate profits has narrowed. The main features are as follows:

First, the revenue of industrial enterprises has rebounded. Driven by the gradual recovery of production and logistics and the gradual smooth flow of industrial and supply chains, the sales of industrial enterprises have improved.5In March, the operating income of industrial enterprises above designated size increased year-on-year6.8%the growth rate has rebounded from the previous month, creating favorable conditions for the improvement of corporate profits.

Second, the unit cost of enterprises decreased.5In this month, the effects of tax cuts and fee reductions, and corporate relief policies continued to be released, and the cost burden of industrial enterprises continued to be reduced. The cost per 100 yuan of operating income of industrial enterprises above designated size was7.56Yuan, a decrease from the previous month and the same period of the previous year respectively0.07Yuan,0.56Yuan.

Third, the decline in profits of industrial enterprises narrowed.5In March, the profits of industrial enterprises above designated size fell year-on-year6.5%the decline narrowed from the previous month2.0percent.In terms of categories, the profits of the mining industry increased year-on-year92.2%continued rapid growth; manufacturing profits declined18.5%the decline narrowed from the previous month3.9%; profit of electricity, heat, gas and water production and supply industry decreased year-on-year6.2%, the decline narrowed significantly.By industry, in41Among the industrial categories, there are20The profit growth of each industry has accelerated or the decline has narrowed compared with the previous month.5The profit of each industry has changed from decline to increase, accounting for more than 60% of the total.15In March, the profits of industrial enterprises above designated size increased year-on-year1.0%

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Fourth, the decline in profits of industrial enterprises in the Yangtze River Delta and Northeast regions has narrowed significantly.5In March, as the resumption of work and production continued to advance, although the profits of industrial enterprises in the Yangtze River Delta and Northeast regions declined year-on-year, the decline was significantly narrower than that of the previous month.Among them, the profits of Shanghai, Jiangsu, Jilin and Liaoning all narrowed from the previous month.20more than a percentage point.

Fifth, the profits of coal, petroleum and other energy industries still maintain doubled growth.5In March, the energy supply guarantee policy was implemented in depth, and the output of energy products maintained rapid growth, coupled with the high prices, driving the profits of the coal, oil and natural gas mining industries to increase year-on-year respectively.1.16Double,1.26times.These two industries together drive the profit growth of industrial enterprises above designated size9.5percent.

Sixth, the profit margin of equipment manufacturing industry has improved significantly. With the orderly progress of the resumption of work and production of enterprises in key areas of equipment manufacturing, the logistics blocking points have been effectively smoothed, and the efficiency of equipment manufacturing has improved significantly.5In March, the profit of equipment manufacturing industry fell year-on-year9.0%the decline narrowed sharply from the previous month23.2percentage points, is the industry sector that has the greatest impact on the improvement of the profit margin of industrial enterprises above designated size.8In the equipment industry, there are7The profit growth of each industry has accelerated, the decline has narrowed, or the decline has turned into an increase.

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Seventh, the profitability of the basic consumer goods industry continued to recover. With the gradual recovery of market demand and the continuous release of the policy effects of expanding domestic demand and promoting consumption, the profitability of the basic consumer goods industry continued to recover.5month, in13In the consumer goods industry, there are8industry profits improved, accounting for61.5%.Among them, the profits of the wine and beverage and food manufacturing industries increased year-on-year respectively21.1%7.7%the growth rate has accelerated compared with the previous month; the profits of cultural, educational, industrial, and leather footwear industries have increased respectively.16.5%8.7%profits have changed from decline to increase; the decline in profits of the paper, textile and printing industries has narrowed.

Overall, although there have been some positive changes in the efficiency of industrial enterprises, it should be noted that5The profits of industrial enterprises continued to decline year-on-year in the month, the pressure of rising costs of enterprises was still great, production and operation still faced many difficulties, and the foundation for the recovery of profits of industrial enterprises was not yet solid. The current international situation is becoming more complex and severe, and there are still many uncertainties in the recovery of industrial enterprises’ efficiency. In the next stage, we must resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, efficiently coordinate epidemic prevention and control and economic and social development, implement a package of policies and measures to stabilize the industrial economy, help enterprises solve difficulties, and promote the sustained and stable recovery of the industrial economy.

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