Source: People's Daily Overseas Edition
The picture shows workers carrying out production operations in the workshop of Harbin Electric Machinery Factory Co., Ltd. of Harbin Electric Group on June 27. Photo by Xinhua News Agency reporter Wang Jianwei
Data released by the National Bureau of Statistics on June 27 showed that in May this year, the operating income of industrial enterprises above designated size nationwide increased by 6.8% year-on-year, and the growth rate rebounded from the previous month, creating an opportunity for improvement in corporate profits. favorable conditions. Expert analysis believes that the sales situation of industrial enterprises has improved due to the gradual recovery of production logistics and the gradual smoothing of industrial and supply chains.
The production and operation of industrial enterprises have gradually resumed
Statistics show that the profit decline of industrial enterprises has narrowed. In May, the profits of industrial enterprises above designated size nationwide fell by 6.5% year-on-year, and the decline narrowed by 2 percentage points from the previous month. In the first five months, industrial enterprises above designated size achieved a total profit of 3.441 billion yuan, a year-on-year increase of 1%.
Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, said that in May, various regions and departments effectively coordinated epidemic prevention and control and economic and social development. The overall situation of domestic epidemic prevention and control is gradually improving, with companies resuming work and production, and logistics ensuring smooth flow. In an orderly manner, production and operations of industrial enterprises have gradually resumed. In terms of
revenue, as the effects of tax cuts and fee reductions and corporate bailout policies continue to be released, the cost burden of industrial enterprises continues to decrease. In May, the expenses per 100 yuan of operating income of industrial enterprises above designated size were 7.56 yuan, a decrease of 0.07 yuan and 0.56 yuan respectively from the previous month and the same period last year.
In terms of profits, by category, the profits of the mining industry increased by 92.2% year-on-year in May, continuing the rapid growth trend; the profits of the manufacturing industry fell by 18.5%, and the decline narrowed by 3.9 percentage points from the previous month; the production and supply of electricity, heat, gas and water The year-on-year decline in industry profits narrowed significantly. In terms of regions, as enterprises continue to resume work and production, although the profits of industrial enterprises in the Yangtze River Delta and Northeast China fell year-on-year in May, the decline was significantly narrower than the previous month. Among them, the profit declines in Shanghai, Jiangsu, Jilin, and Liaoning all narrowed by more than 20 percentage points compared with the previous month.
Over 60% of industry profits have grown or recovered
Data show that in May, among 41 major industrial industries, 20 industries’ profits increased faster or narrowed their decline compared with the previous month, and 5 industries’ profits turned from decline to increase. , accounting for over 60% in total.
Specifically, the profits of energy industries such as coal and oil have continued to grow exponentially. In May, the energy supply guarantee policy was implemented in depth, and the output of energy products maintained rapid growth. Coupled with high prices, the profits of the coal, oil and natural gas mining industries increased by 1.16 times and 1.26 times respectively year-on-year. "These two industries together drove the profits of industrial enterprises above designated size to grow by 9.5 percentage points." Zhu Hong said.
The profit margin of the equipment manufacturing industry has improved significantly. As enterprises in key equipment manufacturing areas resume work and production in an orderly manner, logistics congestion points are effectively smoothed, and the efficiency of the equipment manufacturing industry has improved significantly. In May, the profits of the equipment manufacturing industry fell by 9% year-on-year, and the decline was significantly narrowed by 23.2 percentage points from the previous month. It was the industry sector that had the greatest impact on the profit margin improvement of industrial enterprises above designated size. Among the eight equipment industries, 7 industries saw profits increase. The rate is accelerating, the decline is narrowing, or the decline is turning to increase.
At the same time, profits in the basic consumer goods industry continue to recover. "With the gradual recovery of market demand, and the continued release of the effects of policies to expand domestic demand and promote consumption, the profits of the basic consumer goods industry continue to recover." Zhu Hong said. In May, among the 13 consumer goods industries, 8 industries improved their profits, accounting for 61.5%. Among them, the profits of the wine and beverage and food manufacturing industries increased by 21.1% and 7.7% respectively year-on-year, and the growth rate accelerated compared with the previous month; the profits of the culture, education, industry, and beauty, and leather and shoemaking industries increased by 16.5% and 8.7% respectively, and the profits all turned from declines. increased; profits in the papermaking, textile and printing industries narrowed.
Promote the sustained and stable development of the industrial economy
Zhu Hong believes that overall, there have been some positive changes in the efficiency of industrial enterprises, but it should also be noted that the profits of industrial enterprises continued to decline year-on-year in May, and the pressure for rising corporate costs is still great, and production and operations We still face many difficulties, and the foundation for the recovery of industrial enterprises' profits is not yet solid.How can
further stabilize the industrial economy? At a symposium on industrial economic operations in key regions and a symposium on key enterprises held by the Ministry of Industry and Information Technology recently, the relevant person in charge of the Ministry of Industry and Information Technology said that all regions should put a more prominent position on boosting the industrial economy and make overall plans to prevent the epidemic, promote smooth traffic, and ensure Main body, expand demand, stabilize expectations, accelerate the implementation of policies and measures to stabilize growth, focus on opening up "blocking points" and "stuck points" in the supply and demand cycle, continue to use the "combination punch" to help enterprises bail out, and promote the accelerated recovery of the industrial economy .
In order to maintain the stability of the industrial chain and supply chain, a series of policy measures are being implemented at an accelerated pace. Recently, 11 departments including the Ministry of Industry and Information Technology jointly issued the "Notice on Carrying out "Joined Actions" to Promote Integration and Innovation of Large, Small and Medium-sized Enterprises (2022-2025)", proposing to promote the formation of synergy, efficiency, and integration through policy guidance, mechanism construction, and platform creation. , Smooth integration of large and medium-sized enterprises in the innovation ecosystem, effectively supporting the industrial chain, supply chain, strengthening the chain, and strengthening the chain.
At a press conference held by the State Council Information Office on June 27, Zhao Chongjiu, Vice Minister of the Ministry of Transport, said that currently, the service support capabilities of the logistics and freight industry chain supply chain are steadily improving. "Focus closely on ensuring supply and stable chains, focus on the full resumption of work and production of key industrial and supply chain 'whitelist' enterprises, foreign trade enterprises and their upstream and downstream affiliated enterprises, provide forward-looking services, proactively connect, 'one chain, one policy' and one enterprise" "One policy" and multiple measures to solve the actual difficulties in the production and operation of enterprises, provide strong logistics service guarantee for enterprises to resume work and reach production, and make every effort to maintain the stability of the industrial chain and supply chain," Zhao Chongjiu said. (Reporter Liao Ruiling)
"People's Daily Overseas Edition" (Page 03, June 28, 2022)
