On July 27, according to data released by the National Bureau of Statistics, the national industrial enterprises above designated size achieved a total profit of 2511.49 billion yuan in the first half of the year, a year-on-year decrease of 12.8%, and the rate of decline narrowed by 6.5 percentage points from January to May. Among them, the total profit of the chemical raw materials and chemical products manufacturing industry was 136.46 billion yuan, a decrease of 32.2%; the oil, coal and other fuel processing industries turned from profits to losses in the same period.
From January to June, the mining industry achieved a total profit of 164.70 billion yuan, down 41.7% year-on-year; the manufacturing industry achieved a total profit of 212.23 billion yuan, a decrease of 9.8%; the electricity, heat, gas and water production and supply industries achieved a total profit of 224.50 billion yuan. A decrease of 8.7%.
In the first half of the year, among the 41 major industrial sectors, the total profit of 9 industries increased year-on-year, 1 industry remained flat, and 31 industries decreased. The main industry profits are as follows:
The total profit of the computer, communication and other electronic equipment manufacturing industry increased by 27.2% year-on-year, the special equipment manufacturing industry increased by 20.7%, the agricultural and sideline food processing industry increased by 14.8%, the oil and natural gas extraction industry decreased by 72.6%, and the ferrous metal smelting and rolling processing industry decreased. 40.3%, chemical raw materials and chemical products manufacturing industry decreased by 32.2%, coal mining and washing industry decreased by 31.2%, non-ferrous metal smelting and rolling processing industry decreased by 29.4%, automobile manufacturing industry decreased by 20.7%, electric power, heat production and supply industry decreased 9.5%, the non-metallic mineral products industry fell 8.7%, the electrical machinery and equipment manufacturing industry fell 6.4%, the textile industry fell 5.6%, the general equipment manufacturing industry fell 1.1%, and the petroleum, coal and other fuel processing industries turned from profit to loss during the same period .
The profit growth rate of industrial enterprises in the second quarter changed from falling to rising
According to the National Bureau of Statistics, in the first half of this year, the profit growth rate of industrial enterprises showed a trend of "low in the beginning and high in the latter, from falling to rising". In quarterly terms, the profit of industrial enterprises in the second quarter increased by 4.8% year-on-year, and in the first quarter was a decrease of 36.7%. Especially in May and June, profits increased by 6.0% and 11.5% respectively, and the growth rate accelerated month by month.
Profit growth in most industries picked up. In the second quarter, among the 41 major industrial sectors, 37 industries' profit growth accelerated compared to the first quarter (or the decline narrowed, from negative to positive), of which 25 industries achieved profit growth.
The profit decline of the raw material manufacturing industry has significantly narrowed. In the second quarter, due to the accelerated advancement of infrastructure projects and the rebound in prices of major bulk raw materials products, the profit of the raw material manufacturing industry fell by 17.9% year-on-year, and the rate of decline was significantly narrower than the first quarter by 45.0 percentage points. Among them, the oil processing industry achieved a profit of 10.45 billion yuan in the second quarter and a loss of 24.70 billion yuan for the entire industry in the first quarter. In addition, the profit of the building materials industry increased by 6.5% in the second quarter and decreased by 34.0% in the first quarter; the profit of the chemical and steel industries in the second quarter fell by 13.5% and 34.1%, respectively, and the rate of decline was 43.0 and 21.6 percentage points lower than the first quarter.
According to the National Bureau of Statistics, although the profit situation of industrial enterprises in the second quarter has clearly recovered to improve, overall, due to the impact of the new crown pneumonia epidemic, market demand is still weak, and enterprises still face many difficulties in production and operation. It is still down 12.8%, and the profit growth structure needs to be further optimized.
Profit growth of industrial enterprises continued to accelerate in June
In June, the national industrial enterprises above designated size achieved a total profit of 666.55 billion yuan, a year-on-year increase of 11.5%, and the growth rate was 5.5% faster than that in May. The main reasons are:
One is the acceleration of industrial production and sales growth. In June, the value added of the industrial enterprises above designated size increased by 4.8% year-on-year in real terms, and the growth rate was 0.4 percentage points faster than that in May; the operating income of industrial enterprises increased by 4.2% year-on-year, and the growth rate accelerated by 2.8 percentage points. The expansion of the scale of the company has brought about increased profits.
Second, the decline in industrial product prices has narrowed. In June, the drop rates of the factory price index and purchase price index of industrial producers narrowed by 0.7 and 0.6 percentage points respectively compared with May, both of which reversed the trend of continuous expansion since the beginning of this year. Preliminary calculations indicate that changes in industrial product prices in June affected the profit growth of all industrial enterprises above designated size, which rebounded by 5.3 percentage points from May.
The third is the decline in unit costs. In June, the cost per hundred yuan of operating income of industrial enterprises above designated size decreased by 0.22 yuan year-on-year, which was the first decline this year and eased the pressure on business operations caused by the sharp increase in the previous cost. Among them, affected by the fluctuation of crude oil prices, the cost per hundred yuan of operating income in the petroleum processing industry dropped significantly by 7.13 yuan year-on-year.
Fourth, the profits of key industries such as iron and steel, oil and gas exploration, petroleum processing, and nonferrous metals have improved significantly. Affected by multiple favorable factors such as improvement in market demand, recovery of industrial product prices, easing of cost pressures, and the effects of relevant support policies, the profits of key industries such as steel, oil and gas exploration, oil processing, and non-ferrous metals have improved significantly. In June, the profit of the steel and non-ferrous industries increased by 35.3% and 24.1% year-on-year, respectively, and fell by 50.5% and 49.3% respectively in May; the profit of the oil and gas extraction industry fell by 55.0%, and the rate of decline was 83.1 percentage points smaller than that in May; the profit of the petroleum processing industry An increase of 1.86 times, an increase of 8.9% in May.
