Production and operation gradually restore the decline in the profit decline in the industrial enterprise in May

The latest industrial enterprises' profit data is fresh.

On June 27, the website of the National Bureau of Statistics released news that from January to May of this year, the total profit of industrial enterprises above designated size of the country was 344.10 billion yuan, an increase of 1.0%year -on -year. Among them, in May, the profits of industrial enterprises above designated size decreased by 6.5%year -on -year, and the decrease was narrowed by 2.0 percentage points from the previous month.

Source: Wind, Western Securities, Caixin Research Institute Yang Jing's picture Visual China Map

Zhu Hong, a senior statistician of the Department of Industry of the National Bureau of Statistics, explained the profit of the industrial enterprise that in May, various regions and departments efficiently coordinated the prevention and control of the epidemic and economic and social development. The domestic epidemic prevention and control situation gradually improved. Polygonum security promotes in an orderly manner, the production and operation of industrial enterprises has gradually recovered, and the decline in corporate profits has narrowed.

The decline in the profit decline in midstream and downstream companies is narrowing

"Daily Economic News" reporter noticed that affected by many factors such as epidemic sentiment, since the second quarter of this year, the profit data of industrial enterprises above designated size decreased significantly. The latest data show that the current profit performance of the industrial enterprise has improved to a certain extent. Data show that in May, the profits of industrial enterprises above designated size decreased by 6.5%year -on -year, and the decrease was narrowed by 2.0 percentage points from the previous month.

According to data analysis, Zhu Hong said that in terms of door category, the profit of mining industry increased by 92.2%year -on -year, continuing the rapid growth trend; manufacturing profit decreased by 18.5%, a decrease of 3.9 percentage points from the previous month; power, heat, gas and water The profit industry's profits decreased by 6.2%year -on -year, a significant decline narrowing.

From the perspective of the branch industry, among the 41 industrial industries, the profit of 20 industries has accelerated or narrowed from the previous month.

Yang Chang, chief economist of the Public Policy and Governance Research Institute of Shanghai University of Finance and Economics, analyzed in a written interview with the reporter of the Daily Economic News that the data released this time showed that the current midstream and downstream profits were narrowed. From the perspective of data, in May, the profit of mining industry increased by 92.2%year -on -year (the previous value increased by 142%), the profit of manufacturing decreased by 18.5%year -on -year %), Indicating that the decline in midstream and downstream profits generally narrowed.

Yin Yin, a macro analyst of Hongta Securities, said in a written interview with the reporter of "Daily Economic News" that it benefited from factors such as the gradual recovery of production and logistics and the gradual and smooth industrial chain supply chain. With the impact of the epidemic, the national economy began to enter the recovery period in May. Factors such as re -production and re -production, the supply chain industry chain, and slow restoration of residents' consumption were promoted to promote the sales of industrial enterprises in May. In May, industrial enterprises above the national scale Operating income increased by 6.8%year -on -year, and the growth rate increased from last month.

CITIC Securities Research Report pointed out that the profit of industrial enterprises in May was slightly recovered, which was relatively limited from April. The main factors behind them were still local epidemic disturbances. After entering June, the epidemic situation has improved sharply, and positive factors have increased significantly. With the continuous efforts of tax reduction and fees and relief assistance policies, the resumption of work and re -production has been promoted in an orderly manner, and the contradiction between the supply chain is significantly relieved. It is expected that the repair slope of the profit growth of industrial enterprises in June will have a significant rise.

The profit of basic consumer goods continues to recover

"Daily Economic News" reporter noticed that the profit data of the industrial enterprise released this time also showed a signal of many recovery.

According to data analysis, Zhu Hong said that in May, with the continued advancement of enterprises and re -production, although the profit of industrial enterprises in the Yangtze River Delta and the Northeast region decreased year -on -year, the decline was significantly narrowed from the previous month. Among them, Shanghai, Jiangsu, Jilin, and Liaoning have decreased by more than 20 percentage points from last month.

According to Zhu Hong, the data shows that the profit of the basic consumer goods industry has continued to recover. With the gradual recovery of market demand, the continuous release of domestic demand expansion and promotion of consumer policy, the profit of the basic consumer goods industry has continued to recover.

In May, among the 13 consumer goods industries, 8 industries have improved, accounting for 61.5%. Among them, the profits of the wine and beverage and food manufacturing industry increased by 21.1%and 7.7%year -on -year, respectively, and the growth rates increased compared with the previous month. Increase; the decline in the decline in papermaking, textiles, and printing industries has narrowed.

In addition, in May, the effect of tax reduction and fee reduction and helping enterprise relief policies continued to be released, and the burden on the cost of industrial enterprise continued to be reduced. The cost of industrial enterprises above the scale of the scale of the scale was 7.56 yuan. Reduce 0.07 yuan and 0.56 yuan. With the orderly advancement of enterprises in key areas of equipment manufacturing, the logistics block card is effective and smooth, and the efficiency of the equipment manufacturing industry has improved significantly. In May, the profit of equipment manufacturing fell by 9.0%year -on -year, and the decline was significantly narrowed by 23.2 percentage points from the previous month. Speed ​​up, narrowed, or increased from decrease.

For the profit trends of industrial enterprises in the future, Yin Yue analyzed that the impact of the epidemic in June will weaken further on all aspects of the economy. The production and transportation will continue to be repaired, and the contribution to profits will also be strengthened.At the same time, after the price of the upstream commodities falls, the cost pressure of the middle and lower reaches of manufacturing companies may be further relieved, and the industry profit distribution pattern will be further improved.Daily Economic News

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