Statistics Bureau: profit growth rate of industrial enterprises in the second quarter turned from decline to increase

category:Finance
 Statistics Bureau: profit growth rate of industrial enterprises in the second quarter turned from decline to increase


1u3001 The profit growth of industrial enterprises continued to accelerate in June

In June, the total profits of Industrial Enterprises above Designated Size nationwide reached 666.55 billion yuan, an increase of 11.5% year-on-year, 5.5% faster than that in May

First, the growth of industrial production and sales accelerated. In June, the added value of industries above designated size increased by 4.8% year-on-year, 0.4% faster than that in May; the operating income of industrial enterprises increased by 4.2% year-on-year, and the growth rate was accelerated by 2.8%. The expansion of enterprise scale brings profit increase.

Second, the decline in the price of industrial products has narrowed. In June, the decline rates of the ex factory price index and the purchase price index of industrial producers were 0.7 and 0.6 percentage points lower than those in May, respectively, reversing the trend of continuous expansion of the decline since this year. According to the preliminary calculation, the price change of industrial products in June affected the profit growth of all industrial enterprises above Designated Size, up 5.3 percentage points compared with May.

Third, the unit cost has decreased. In June, the cost per 100 yuan operating income of Industrial Enterprises above designated size decreased by 0.22 yuan year-on-year, which was the first drop since this year, which eased the pressure brought by the sharp rise in costs in the early stage. Among them, affected by the fluctuation of crude oil price, the cost of every 100 yuan of operating income in the oil processing industry decreased by 7.13 yuan year-on-year.

Fourth, the profits of key industries such as steel, oil and gas exploitation, oil processing and nonferrous metals have improved significantly. Under the influence of multiple favorable factors, such as the improvement of market demand, the recovery of industrial product prices, the slowing down of cost pressure and the effect of relevant supporting policies, the profits of key industries such as steel, oil and gas exploitation, oil processing and nonferrous metals have improved significantly. In June, the profits of iron and steel and nonferrous metals industries increased by 35.3% and 24.1% respectively year-on-year, while those in May decreased by 50.5% and 49.3%; the profits of oil and gas exploitation industry decreased by 55.0%, and the decline rate was 83.1% lower than that in May; the profit of petroleum processing industry increased by 1.86 times, up 8.9% in May.

2u3001 In the second quarter, the profit growth of industrial enterprises turned from decline to increase

In the first half of this year, the profit growth rate of industrial enterprises showed a trend of low in the first half of this year, then high, from decline to rise. In terms of quarters, the profits of industrial enterprises increased by 4.8% in the second quarter and decreased by 36.7% in the first quarter. Especially in May and June, profits increased by 6.0% and 11.5% respectively, and the growth rate accelerated month by month.

The growth rate of profits in most industries has recovered. In the second quarter, among the 41 major industrial sectors, 37 industries profit growth accelerated (or narrowed down, from negative to positive), and 25 of them achieved profit growth.

Profit growth of consumer goods manufacturing industry has recovered. In the second quarter, the profit of consumer goods manufacturing industry increased by 10.1% year-on-year, and decreased by 13.6% in the first quarter. Among them, the food manufacturing and textile industries rebounded significantly, with profits in the second quarter increasing by 36.8% and 19.0% respectively, while those in the first quarter decreased by 27.4% and 38.8%.

The profit decline of raw material manufacturing industry was significantly narrowed. In the second quarter, the profit of raw material manufacturing industry decreased by 17.9% year-on-year due to the accelerated promotion of infrastructure projects and the price rise of major raw materials and fuel products, which was significantly narrowed by 45.0 percentage points compared with the first quarter. Among them, the oil processing industry realized a profit of 10.45 billion yuan in the second quarter and a loss of 24.7 billion yuan in the first quarter due to the two-way impact of the recovery of refined oil prices and the low-cost inventory of crude oil as raw materials. In addition, the profit of building materials industry increased by 6.5% in the second quarter, and decreased by 34.0% in the first quarter; the profits of chemical industry and steel industry decreased by 13.5% and 34.1% respectively in the second quarter, and the decline rates were 43.0% and 21.6% lower than those in the first quarter.

Novel coronavirus pneumonia is still in the face of the two quarters industrial recovery, but overall, the market demand is still weak. The production and operation of enterprises still face many difficulties. The profit of industrial enterprises in the first half of this year still dropped by 12.8%, and the profit growth structure needs further optimization. At present, the global epidemic is still spreading, the international economic and trade situation is complex and grim, and the sustainability of industrial profit growth is still uncertain. In the next stage, we should continue to implement the decisions and arrangements of the CPC Central Committee and the State Council, scientifically coordinate the normalization of epidemic prevention and control and economic and social development, do a solid job in the six stability work, comprehensively implement the six guarantees task, actively implement various policies to assist enterprises, stabilize the basic economic situation, and constantly consolidate the upward trend of the industrial economy. Source: Wang Xiaowu, editor in charge of National Bureau of statistics_ NF

Novel coronavirus pneumonia is still in the face of the two quarters industrial recovery, but overall, the market demand is still weak. The production and operation of enterprises still face many difficulties. The profit of industrial enterprises in the first half of this year still dropped by 12.8%, and the profit growth structure needs further optimization. At present, the global epidemic is still spreading, the international economic and trade situation is complex and grim, and the sustainability of industrial profit growth is still uncertain. In the next stage, we should continue to implement the decisions and arrangements of the CPC Central Committee and the State Council, scientifically coordinate the normalization of epidemic prevention and control and economic and social development, do a solid job in the six stability work, comprehensively implement the six guarantees task, actively implement various policies to assist enterprises, stabilize the basic economic situation, and constantly consolidate the upward trend of the industrial economy.