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China's industrial profits continue to see steady growth as economy firms up

2020-9-28 18:53

 

A worker operates a robot at a passenger car workshop of Ningde base of SAIC Motor Corporation Ltd. in Ningde, southeast China's Fujian Province, Sept. 15, 2020. (Xinhua/Song Weiwei)

Profits of China's major industrial firms totaled 612.81 billion yuan (about 90 billion U.S. dollars) last month, increasing by 19.1 percent year-on-year.

BEIJING, Sept. 27 (Xinhua) -- Profits of China's major industrial firms maintained steady recovery in August as the production and operations of enterprises further improved, official data showed on Sunday.

Profits of China's major industrial firms totaled 612.81 billion yuan (about 90 billion U.S. dollars) last month, increasing by 19.1 percent year-on-year, data from the National Bureau of Statistics (NBS) showed.

The growth narrowed 0.5 percentage points from July.

The recovery momentum of industrial profits was further consolidated last month as supply and demand gradually improved, said senior NBS statistician Zhu Hong.

In August, profits of the equipment manufacturing sector reported relatively fast growth, up 23.1 percent year on year, while those of the auto manufacturing industry went up 55.8 percent.

Profits of the mining sector were also apparently restored, while those of the raw materials manufacturing industry saw faster expansion due to improving demand as well as increasing prices of global commodities including crude oil and iron ore.

The profitability of industrial firms improved as operating costs were further reduced, thanks to the implementation of tax and fee cut polices, according to Zhu.

The Chinese economy has withstood the test of the COVID-19 epidemic, with recovery since the second quarter better than expected, said Wang Yiming, national political advisor and former deputy director of the Development Research Center of the State Council.

Without huge impacts from uncertain external factors, the growth of the Chinese economy in the third and fourth quarters will outpace growth in the second quarter, according to Wang.

In the first eight months of the year, the profits of major industrial firms declined 4.4 percent to 3.72 trillion yuan, narrowing 3.7 percentage points from the January-July period.

Profits of state-controlled industrial firms dropped 17 percent from one year earlier to 950.94 billion yuan, while those of private industrial firms shrank 3.3 percent year-on-year to 1.07 trillion yuan.

During the January-August period, profits of the mining industry slumped 38.1 percent, and manufacturing industry profits decreased by 1 percent.

Profits in 16 of the 41 surveyed industrial sectors rose compared with the same period last year, while 25 sectors saw their profits fall, according to the NBS.

However, industrial enterprises still face pressure in maintaining profit growth as January-August revenues and profit growth remained in the negative territory amid a complicated internal and external environment, Zhu said.

Next, China will further tap into the potential of domestic demand, stimulate the vitality of market entities and continuously consolidate the outcomes of economic recovery, according to Zhu.

Major industrial companies are those with an annual business turnover of at least 20 million yuan.

 

2020年9月15日,在中国东南部福建省宁德,一名工人在上汽集团宁德基地的乘用车车间操作机器人。(新华社/宋伟伟)


上个月,中国主要工业企业的利润总额为6128.1亿元(约900亿美元),同比增长19.1%。


北京,9月27日(新华社)——周日,官方数据显示,随着企业生产经营状况进一步改善,中国主要工业企业利润在8月份继续稳步回升。


国家统计局数据显示,上月,我国主要工业企业利润总额达6128.1亿元(约900亿美元),同比增长19.1%。


与7月份相比,增幅收窄了0.5个百分点。


国家统计局高级统计师朱红表示,随着供给和需求的逐步改善,上月工业利润的复苏势头进一步巩固。


8月份,装备制造业利润增长较快,同比增长23.1%,而汽车制造业利润增长55.8%。


矿业部门的利润也明显恢复,而原材料制造业由于需求的改善和原油、铁矿石等全球大宗商品价格的上涨,也出现了较快的增长。


朱表示,由于减税降费政策的实施,运营成本进一步降低,工业企业的盈利能力有所提高。


国家政协委员、国务院发展研究中心原副主任王一鸣表示,中国经济经受住了新冠肺炎疫情的考验,第二季度以来经济复苏情况好于预期。


王表示,如果没有外部不确定因素的巨大影响,中国经济在第三和第四季度的增长速度将超过第二季度。


今年1 - 8月,主要工业企业利润下降4.4%,至3.72万亿元,比1 - 7月下降3.7个百分点。


国有控股工业企业利润为950.94亿元,同比下降17%,而民营工业企业利润为1.07万亿元,同比下降3.3%。


在1 - 8月期间,矿业利润下降38.1%,制造业利润下降1%。


根据国家统计局的数据,在被调查的41个行业中,有16个行业利润同比增长,25个行业利润下降。


然而,在复杂的内外部环境下,1 - 8月的收入和利润增长仍然处于负值,工业企业仍然面临保持利润增长的压力,朱说。


下一步,中国将进一步挖掘内需潜力,激发市场主体活力,不断巩固经济复苏成果。


主要工业企业为年营业额2000万元以上的企业。

 

来自: xinhua