Interpretation: From January to August

China Economic Net, Beijing, September 27th. Today, the National Bureau of Statistics released the profit data of industrial enterprises from January to August. In this regard, Zhu Hong, a senior statistician of the Department of Industry of the National Bureau of Statistics, interpreted.

From January to August, the profit changes of industrial enterprises present the following main characteristics:

First, the revenue of industrial enterprises has maintained growth and the profit structure has improved. From January to August, the operating income of industrial enterprises above designated size increased by 8.4%year -on -year, continued to grow rapidly; corporate profits decreased by 2.1%year -on -year. With the increase in the price of some commodities, the upstream and downstream structure of industrial enterprises has improved significantly, the decline in the profit of equipment manufacturing has narrowed for 4 consecutive months, and the profit industry's profits continue to rise. From the perspective of August, in the 41 industrial industries, the profit growth rate of 27 industries has accelerated or reduced from the previous month, and the decline has increased, accounting for more than 60 %, most of which are middle and lower reaches industries.

The second is that the decline in the profit of equipment manufacturing has narrowed significantly, and the proportion of profits has increased. As the industrial chain supply chain has further opened, the profit growth of equipment manufacturing has recovered significantly. From January to August, the profit of equipment manufacturing fell by 2.0%year -on -year, a narrowing of 3.7 percentage points from January -July, and the proportion of profits accounted for about 5.0 percentage points from the beginning of the scale. From August, it was promoted by factors such as supporting automobile consumption policies. The production and sales of the automobile manufacturing industry further accelerated, and the profit increased by 1.02 times year -on -year, which was the highest growth rate in the past year. The profit industry's profits increased by 36.7%, and the growth rate increased by 11.1 percentage points from last month. The profit of the electronics and instrument industry increased by 22.9%and 21.3%, respectively, and the growth rate was negatively transferred.

Third, the profits of the power industry have improved significantly. The continuous recovery of industrial production and the impact of high temperature weather has caused strong power consumption demand, and the growth rate of power generation has accelerated and rose to high positions in recent years, driving the rapid recovery of profit industry profits. The profit industry's profits decreased by 2.0%year -on -year, a narrowing of 10.0 percentage points from January -July. In August, the profit industry's profit increased by 1.58 times year -on -year, an increase of 111.8 percentage points from last month.

Fourth, the profitability of the consumer goods manufacturing industry has improved. With the continuous release of consumer policy effects, market demand has risen, and most of the consumer goods industry's profits have improved. In August, the decline in the profit of consumer goods manufacturing was significantly narrowed year -on -year compared with the previous month, and the profitability improved. Among the 13 consumer goods manufacturing industries, 8 industries have improved their profits compared with last month, and the profit of 4 industries has achieved double -digit growth. Among them, the profits of wine and beverage tea, cultural and educational and artistic and American industries increased by 59.8%and 29.1%, respectively, respectively, and the growth rates increased significantly compared with the previous month. The profits of the tobacco and food manufacturing industries increased by 33.8%and 19.0%, respectively, which maintained rapid growth.

Fifth, the monthly profits of foreign -funded enterprises have increased from decline, and the decline in profit decline in small and micro enterprises has narrowed. In August, among industrial enterprises above designated size, foreign companies, Hong Kong, Macao and Taiwan business investment enterprises increased their revenue increased, and profits decreased from a year -on -year to 6.0%year -on -year; small and micro enterprises' profits decreased by 4.1%year -on -year, and the decline was incorporated from last month. Narrow, profit recovery is better than all industries.

Generally speaking, the benefits of industrial enterprises have resumed. The decline in profit decline in the month was narrowed from the previous month. However, we must also see that the profit of industrial enterprises is still declining, the production and operation costs of enterprises are still high, and there are many factors for unstable and uncertainty in the external environment, and the foundation of industrial enterprises' profit recovery is not firm. In the next stage, we must resolutely implement the decision -making and deployment of the Party Central Committee and the State Council, promote the release of a policy of stable economy and the release of the efficiency of continuous policy, focus on expanding effective demand, increase the rescue efforts to help enterprises, and promote the continuous and stable recovery of the industrial economy.

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