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    Home > Chemicals Industry > China Chemical > Positive factors support the expected recovery of industrial profits

    Positive factors support the expected recovery of industrial profits

    • Last Update: 2023-01-04
    • Source: Internet
    • Author: User
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    【Chemical Machinery and Equipment Network Market Analysis】In April, the epidemic spread frequently in some parts of the country, which caused a great impact on the production and operation of industrial enterprises, and the profits of industrial enterprises declined
    .
    In the face of the severe and complex situation, all regions and departments have earnestly implemented the decisions and deployments of the Party Central Committee and the State Council, and actively responded to the impact of
    the epidemic.
    As various measures such as energy supply, helping enterprises to bail out, and supporting the development of the real economy continue to be effective, they will effectively promote the accelerated recovery
    of the industrial economy.

     
    First, the profit growth of industrial enterprises has declined, and the profits of some industries have continued to grow
     
    From January to April, the profits of industrial enterprises above designated size in the country increased by 3.
    5% year-on-year, and the growth rate was 5.
    0 percentage points
    lower than that from January to March.
    In terms of categories, the profit of the mining industry increased by 1.
    46 times year-on-year, continuing to maintain rapid growth; the profit of the manufacturing industry fell by 8.
    3%, an increase of 6.
    2 percentage points from January to March; the profit of the electricity, heat, gas and water production and supply industry fell by 29.
    3%, and the decline was slightly narrowed
    .
    In April, industrial profits fell 8.
    5%
    year-on-year.
    In terms of categories, the profit of the mining industry increased by 1.
    42 times year-on-year, the profit of the manufacturing industry fell by 22.
    4%, and the profit of the electricity, heat, gas and water production and supply industry fell by 26.
    8%.


     
    Some regions and industries have been greatly affected by the epidemic, and the profit growth rate of industrial enterprises has been obvious
    .
    From January to April, the profits of industrial enterprises in the eastern region and the northeast region fell by 16.
    7% and 8.
    1% respectively year-on-year, which collectively affected the profit growth rate of industrial enterprises by 4.
    2 percentage points
    lower than that from January to March.
    Among the major industries, the automobile manufacturing industry was significantly affected, affecting the manufacturing industry's profit in April and fell by 6.
    7 percentage points
    .

     
    The profits of the mining industry and some raw material industries grew
    rapidly.
    Energy supply continued to be effective, the output of energy products such as coal grew rapidly, and commodity prices remained at a high level, driving the rapid
    growth of profits in some upstream industries.
    From January to April, the profits of the mining industry continued to grow at a high rate, of which the profits of the coal and oil and gas extraction industries increased by 1.
    99 times and 1.
    38 times
    respectively.
    The profits of non-ferrous metal smelting and chemical industry in the raw material industry increased by 40.
    3% and 14.
    8% respectively, both achieving rapid growth
    .

     
    Profits in the basic consumer goods sector maintained their growth momentum
    .
    Since the beginning of this year, the people's livelihood security policy has been effectively implemented, the supply of basic consumer goods is sufficient, and the market demand is stable, which has driven the steady growth
    of profits in the basic consumer goods industry.
    From January to April, the profits of alcoholic beverages and tea, food manufacturing and tobacco industries increased by 20.
    9%, 10.
    8% and 7.
    9% respectively year-on-year
    .
    Furniture, textiles and garments, leather shoes, textiles, culture, education, industry and art have maintained growth
    .

     
    Second, the accumulation of positive factors has increased, and the efficiency of industrial enterprises is expected to gradually improve
     
    First, there is still a basis
    for stable recovery of the efficiency of industrial enterprises.
    From January to April, the profits of industrial enterprises above designated size still maintained growth
    on a high base of 1.
    06 times in the same period of the previous year.
    In the central and western regions, which were less affected by the epidemic, profits maintained rapid growth, with growth rates of 18.
    2% and 47.
    5%
    respectively.
    From the perspective of assets and revenue, the total assets of industrial enterprises above designated size at the end of April increased by 10.
    4% year-on-year, and the total owner's equity increased by 10.
    5%, both at a high level in the past five years, and the scale of enterprises continued to develop
    .
    From January to April, the operating income of industrial enterprises increased by 9.
    7% year-on-year, close to double-digit growth, creating space for the improvement of corporate profits, and the resilience and potential of industrial enterprises to improve their efficiency are still strong
    .

     
    Second, the resumption of work and production of enterprises has accelerated
    .
    From January to April, the decline in profit growth of industrial enterprises was mainly affected by the impact of the epidemic in some regions, and from the perspective of Shanghai, Jilin, Liaoning and other regions that were more affected by the epidemic, the number of days of shutdown and production of enterprises in April was significantly more than in March, and the impact on the efficiency of industrial enterprises in April was more obvious
    .
    At present, the situation of epidemic prevention and control in the Yangtze River Delta region has improved, and the resumption of work and production of enterprises is steadily advancing, and the impact of the epidemic on industrial enterprises is expected to gradually weaken.


     
    Third, the relief policy helps enterprises reduce their burden and increase efficiency
    .
    With the continuous efforts of tax and fee reductions, relief and assistance policies, the cost burden of industrial enterprises has been eased
    .
    A recent rapid survey of industrial enterprises shows that after the implementation of the large-scale tax retention and refund policy, 95.
    4% of the industrial enterprises that received the VAT retention and refund policy expressed satisfaction with the policy, and 87.
    9% of the enterprises believed that the cash flow
    of the enterprise was improved.
    From January to April, the expenses per hundred yuan of operating income of industrial enterprises above designated size were 7.
    97 yuan, which was 0.
    12 yuan and 0.
    51 yuan
    less than that from January to March and the same period last year, respectively.

     
    Overall, industrial enterprises were affected by the short-term impact of the domestic epidemic and the more complex and severe international situation, and the short-term pressure on profits in April was obvious, but as the overall national epidemic situation stabilized, enterprises resumed work and production in an orderly manner, and the effects of various policies that further reduced the burden of market entities were continuously released, and the efficiency of industrial enterprises will gradually recover
    。 In the next stage, it is necessary to thoroughly implement the requirements of the Party Central Committee of "epidemic prevention, economic stability, and development security", efficiently coordinate epidemic prevention and control and economic and social development, effectively implement the decisions and deployments of the Party Central Committee and the State Council, actively dredge the blocking points of the industrial chain and supply chain, help enterprises relieve difficulties and create more favorable conditions
    for the continued recovery of industrial enterprises.

     
    Original: The short-term pressure on the profits of industrial enterprises is obvious, and positive factors support the recovery of profits
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