National Bureau of Statistics: from January to October, the profits of industries above designated s
According to the latest financial data of industrial enterprises released by the National Bureau of statistics, from January to October, the total profits of Industrial Enterprises above Designated Size nationwide reached 5015.1 billion yuan, down 2.9% year on year Nevertheless, the profit growth of high-tech industry and strategic emerging industry is still rapid, and the structural adjustment continues to advance.
From January to October, the benefits of Industrial Enterprises above Designated Size showed the main characteristics of accelerated structural adjustment, stable growth of profits of private enterprises and small enterprises, and decrease of asset liability ratio of enterprises. Specifically, from January to October, the year-on-year growth rate of profits of high-tech manufacturing industry, strategic emerging industry and equipment manufacturing industry is faster than that from January to September. (profits of high-tech manufacturing industry, strategic emerging industry and equipment manufacturing industry increased by 7.5%, 5.3% and 2.0% respectively year on year, and the growth rate accelerated by 1.2, 0.7 and 1.1 percentage points respectively from January to September.)
It is worth mentioning that although the profit of automobile manufacturing industry dropped by 14.7% year-on-year, the decrease was 1.9 percentage points lower than that from January to September. In addition, from January to October, the profits of private enterprises and small enterprises increased by 5.3% and 8.8% respectively year on year, and continued to maintain stable growth.
Industry insiders said that the decline in profits of Industrial Enterprises above designated size was mainly caused by the expansion of the drop in factory prices of industrial products and the slowdown in production and sales, which was also closely related to the global economic downturn. At present, the state has issued a series of policies to increase investment and expand domestic demand. In the context of the general decline in the price of raw materials, the cost pressure of middle and lower reaches enterprises has been reduced.
Zhang Liqun, researcher of Macroeconomic Research Institute of China Research Center: for example, we are now strengthening water conservancy construction, and we are doing some (some) long-term major projects. It is true that the cost of this project is significantly reduced. Now, the cost of purchasing various materials, including other costs, is decreasing at present. So now it is also a favorable window period.
