2023-12-29 01:29:00
In the first 11 months, the national industrial enterprises above designated size achieved a total profit of 6.98228 billion yuan——
Profits of industrial companies accelerate recovery
Shengzhou City, Shaoxing, Zhejiang Province focuses on promoting high-quality industrial economic development, vigorously develops the digital economy with “industrial brain + future factory” as the core, encourages enterprises to innovate and strive to be the first, and promotes high-quality economic development. From January to November, Shengzhou City achieved an industrial output value of 63.12 billion yuan, a year-on-year increase of 9.3%. The picture shows workers working in the winding workshop of Shengzhou Jiuhe Mechanical and Electrical Co., Ltd. on December 27.
Photo by Xinhua News Agency reporter Huang Zongzhi
Data released by the National Bureau of Statistics on December 27 showed that from January to November, the total profit of industrial enterprises above designated size nationwide was 6.98228 billion yuan, a year-on-year decrease of 4.4%, and the decline was 3.4 percentage points narrower than that from January to October. Yu Weining, a statistician at the Industrial Department of the National Bureau of Statistics, analyzed that overall, the profits of industrial enterprises showed an accelerated recovery trend from January to November. In the next stage, we must focus on expanding domestic demand, stimulating the vitality of various business entities, vigorously promote new industrialization, continuously enhance endogenous power, continue to consolidate the foundation for industrial economic recovery, and further promote the recovery of the industrial economy.
Corporate profit margins increased significantly
“In November, as the effects of macro policies continued to emerge, domestic demand gradually recovered, industrial production accelerated, and the efficiency of industrial enterprises continued to improve.” Yu Weining said.
The profit growth of industrial enterprises has accelerated significantly. From January to November, the profits of industrial enterprises above designated size nationwide fell by 4.4% year-on-year, 3.4 percentage points narrower than the decline from January to October, continuing the monthly narrowing trend since March, and the profit decline narrowed to less than 5% for the first time this year. In November, the profits of industrial enterprises accelerated their recovery. In addition, investment income was relatively concentrated in the accounts. In November, the profits of industrial enterprises above designated size increased by 29.5% year-on-year. The growth rate was significantly faster than that in October. Profits have achieved positive growth for 4 consecutive months.
The revenue of industrial enterprises has rebounded for five consecutive months, driving the recovery of profits to accelerate. Industrial production has accelerated its recovery, and the level of connection between production and sales has improved year-on-year, driving continued improvement in corporate revenue. From January to November, the operating income of industrial enterprises above designated size increased by 1% year-on-year, and the growth rate accelerated by 0.7 percentage points from January to October.
The profits of different types of enterprises have improved, and the profits of private enterprises have turned from falling to increasing. The policies to assist and warm enterprises continue to be effective, and the overall efficiency of business entities has improved. From January to November, among industrial enterprises above designated size, the year-on-year decline in profits of state-controlled, foreign-invested and Hong Kong, Macao and Taiwan-invested enterprises narrowed by 3.7 and 1.5 percentage points respectively compared with January to October; the profits of private enterprises increased by 1.6%, declining for the first time this year. Transfer to increase.
The unit cost of enterprises continues to decline, and profit margins increase significantly. Enterprise production and sales are accelerating, and economies of scale continue to increase, helping enterprises to reduce unit costs and increase profit margins. In November, the cost per 100 yuan of operating income of industrial enterprises above designated size was 83.92 yuan, a year-on-year decrease of 0.62 yuan, and a year-on-year decrease for 5 consecutive months; the operating income profit margin was 7.15%, a year-on-year increase of 1.29 percentage points, and a year-on-year decrease for 4 consecutive months. improve.
Eighty percent of industries’ profit growth rebounded
Data shows that from January to November, nearly 60% of industries across the country saw profit growth, and 80% of industries saw profit growth rebound. Among the 41 major industrial sectors, 24 industries saw a year-on-year profit growth, with a profit growth rate of 58.5%, an expansion of 14.6 percentage points from January to October; 33 industries had a profit growth rate that accelerated or declined from January to October. Narrow, from decline to increase, the profit recovery rate was 80.5%, an expansion of 7.3 percentage points from January to October.
Looking at specific industries, the profit growth of the equipment manufacturing industry has accelerated and its pulling effect has strengthened. Yu Weining analyzed that with the in-depth advancement of industrial chain upgrading, the development momentum of the equipment manufacturing industry has accumulated and grown, and profits have continued to grow. From January to November, the profits of the equipment manufacturing industry increased by 2.8% year-on-year, and the growth rate was 1.7 percentage points faster than that from January to October, driving the profit of industrial enterprises above designated size to increase by 0.9 percentage points, which was 0.6 percentage points higher than that from January to October. Among them, the profits of the equipment manufacturing industry in November turned from falling to increasing, with a growth rate of 16.2%. Looking at different industries, from January to November, driven by factors such as accelerated production and sales and rapid export growth, the automobile industry’s profits increased by 2.9%, and the growth rate was 2.4 percentage points faster than that from January to October.
The profit decline in the raw material industry narrowed significantly, making a greater contribution to the improvement of industrial profits above designated size. From January to November, the year-on-year decline in profits of the raw material manufacturing industry narrowed by 8.5 percentage points from January to October, driving the decline in industrial profits above designated size to narrow by 1.8 percentage points, making it the industry sector that contributed the most.
High-quality industrial development is solidly promoted
In November, with the implementation of a series of policies and measures to promote continued economic recovery, industrial production accelerated its recovery. Sun Xiao, a statistician at the Industrial Department of the National Bureau of Statistics, said that in November, the added value of industries above designated size nationwide increased by 6.6% year-on-year, and the growth rate accelerated by 2 percentage points from the previous month. The three major categories all rebounded from the previous month. Among them, the added value of the mining industry increased by 3.9% year-on-year, an acceleration of 1 percentage point from the previous month; the manufacturing industry increased by 6.7%, an acceleration of 1.6 percentage points; the electricity, heat, gas and water production and supply industry An increase of 9.9%, an acceleration of 8.4 percentage points.
In terms of industries, in November, the equipment manufacturing industry achieved rapid growth, the high-tech manufacturing industry accelerated significantly, new driving forces continued to grow and develop, and high-quality industrial development was solidly advanced.
“As China’s industrial transformation continues to advance, the competitiveness of emerging industries continues to increase, and the production of new kinetic energy products maintains rapid growth.” Sun Xiao said that in November, the “three new items” including new energy vehicles, solar cells, and lithium-ion power batteries for automobiles “The output of related products increased by 35.6%, 44.5%, and 38.7% respectively year-on-year, which strongly supported the rapid year-on-year growth of the country’s “three new” product exports.
“Overall, in November, industrial production rebounded significantly, and high-quality industrial development was solidly advanced. In the next stage, the requirements for high-quality development must be integrated throughout the entire process of new industrialization, accelerate the cultivation of new momentum and new advantages for industrial economic development, and solidly promote manufacturing The industry will become high-end, intelligent and green.” Sun Xiao said. (Liao Ruiling)
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