The third quarterly report of industrial economy was released recently, and “new” has become the key word. A new atmosphere. In the third quarter, the profits of industrial enterprises in the national regulation increased by 7.7% year-on-year, which turned from a decline to an increase for the first time after five consecutive quarters of year-on-year decline, showing a trend of accelerating recovery. New momentum. In the first three quarters, new energy vehicles, photovoltaic products, aerospace and spacecraft and equipment witnessed rapid growth, and investment in high-tech manufacturing increased by 11.3% year-on-year, maintaining double-digit growth for 36 consecutive months. New life. Nearly 10,000 digital workshops and smart factories have been built across the country, and new generation information technologies such as large models have made industrial manufacturing vibrant.

During the interview, the reporter learned that although the current industrial economy is facing difficulties such as lack of demand, the positive factors of China’s industrial economy are still gathering, and the supporting force for sustained recovery is still continuing to strengthen. Zhao Zhiguo, chief engineer of the Ministry of Industry and Information Technology, said that in the next step, the Ministry of Industry and Information Technology will seize the current critical period of economic recovery and the window period of industrial transformation, make greater efforts in “expanding demand, enhancing momentum, and holding the bottom line”, go all out to grasp the steady growth of the industry, and provide strong support for promoting the overall improvement of economic operation.

Recovery: Profits of manufacturing enterprises picked up

Recently, listed companies have disclosed three quarterly reports. The reporter found that the industry prosperity of multiple subdivisions of the industrial manufacturing industry has improved, and enterprises have achieved profit.

Taking Shanghai enterprises as an example, in the advanced manufacturing sector, a number of domestic semiconductor equipment companies bucked the trend in the first three quarters, with a total net profit increase of 41% year-on-year; Many leading enterprises in the photovoltaic industry give full play to the advantages of upstream and downstream integration and globalization, and net profit in the first three quarters achieved triple-digit growth year-on-year; The high-end equipment industry, represented by Marine equipment and aviation equipment, released new momentum, and net profit increased by 260% and 30% respectively in the first three quarters. The net profit of the basic chemical and steel industries reversed the trend of year-on-year decline in the first half of the year, narrowing by 7 percentage points and 53 percentage points, and the steel industry achieved a quarterly turnaround……

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As an important index to measure the operating efficiency and development quality of enterprises, enterprise profit is an important reference to judge the current economic operation. Looking at the national regulation of industrial enterprise profits, the National Bureau of Statistics data show that in the third quarter of this year, the national regulation of industrial enterprise profits increased by 7.7%, after five consecutive quarters of year-on-year decline, for the first time from a decline to an increase, showing a faster recovery trend. In September, the profits of industrial enterprises above designated size increased by 11.9 percent year-on-year, which has achieved double-digit growth for two consecutive months.

The rebound in corporate profits indicates that China’s economic repair speed is rapidly improving. “Since this year, thanks to the concerted efforts of macro policies, the gradual recovery of market demand, and the improvement of the connection between production and sales, the revenue of industrial enterprises has gradually improved.” The ex-factory prices of some industrial products continued to rise, and raw materials were purchased at relatively low prices in the early stage, which promoted the decline of enterprise unit costs, helped industrial enterprises to expand profit space, and the efficiency accelerated the recovery trend.” Qiu Ling, a researcher at the Industrial Research Institute of the Chinese Academy of Macroeconomic Research, told reporters.

“In the first half of this year, the company’s main product pre-baked anode and raw material petroleum coke prices fell continuously, accounting for inventory price losses and other factors, affecting the company’s profit indicators. Since entering the third quarter, the unfavorable factors in the industry are gradually eliminated, and the price of pre-baked anode and petroleum coke has stabilized, so that the company’s profitability has recovered significantly.” Chemical materials enterprises Suotong development Co., LTD., the relevant person in charge explained.

The relevant person in charge of the United States Group told reporters that under the digitalization drive, the efficiency has been further improved, and the cash cycle has improved significantly. From the beginning of this year to the end of the reporting period, the company’s operating activities generated cash flow of 44.8 billion yuan, an increase of 51.96% year-on-year.