1762-IF4 Beijing, Oct. 28 (Xinhua) (Reporter Wei Xia Yi Ban Juanjuan) The National Bureau of Statistics 27 released January to September national industrial enterprises above designated size profit data. The data show that China’s production demand has gradually recovered, the industrial cycle has continued to improve, and the profits of industrial enterprises have risen steadily. Among them, the third quarter profit growth of 15.9%, 11.1 percentage points faster than the second quarter. The number of industries with profit growth increased significantly, and the profit growth rate of 24 industries exceeded double digits, and the key industries such as automobiles and construction machinery in the field of equipment manufacturing pulled significantly.

Industry profits improved quarter by quarter and profitability further improved

Overall, thanks to the coordinated progress of 1762-IF4 epidemic prevention and control and economic and social development, production and sales of industrial enterprises are recovering rapidly. Zhu Hong, senior statistician of the industrial department of the National Bureau of Statistics, said that in the third quarter, the value added of industrial enterprises above designated size increased by 5.8% year on year, and the operating income increased by 4.8%, which showed a rebound trend from quarter to quarter. Driven by the steady recovery of income, the profit growth rate of industrial enterprises fell by 36.7% in the first quarter, increased by 4.8% in the second quarter, and then accelerated to 15.9% in the third quarter, showing a trend of “from decline to rise, and growth accelerated”.

1762-IF4

Since the third quarter, the prosperity of many industries has rebounded significantly, and the profitability has been further improved. On the other hand, the loss of enterprises also fell sharply, and the loss of 1762-IF4 industrial loss-making enterprises above designated size fell by 21.4% year-on-year, compared with an increase of 13.1% in the second quarter. At the end of September, the loss of enterprises was 3.9 percentage points lower than that at the end of June.

Zhu Jianfang, chief economist at CITIC Securities, expects the profits of industrial enterprises above designated size to achieve a small positive growth for the whole year. The number of booming industries continued to increase, especially the equipment manufacturing industry and raw material manufacturing industry in the third quarter, driving the cumulative profit of the overall manufacturing industry to turn positive as scheduled.

Specifically, in the third quarter of 31 industries with a year-on-year increase 1762-IF4 in profits, 24 industries have a double-digit profit growth rate. Among them, the industries with the most new profits are mainly: The automobile manufacturing industry grew by 53.8%, the non-ferrous metal smelting and rolling processing industry by 52.0%, the ferrous metal smelting and rolling processing industry by 39.1%, the general equipment manufacturing industry by 32.4%, the electricity and heat production and supply industry by 22.4%, and the electrical machinery and equipment manufacturing industry by 16.8%. These six industries together drove the profits of industrial enterprises above designated size up by 10.0 percentage points year-on-year in the third quarter.