Data release of industrial enterprises above designated size in 2018 improves business performance
The National Bureau of Statistics released yesterday that the financial data operations of industrial enterprises above designated size continued to improve profits and profit growth in 2018.
3% Intern reporter Liu Weijie of this newspaper On January 28, the National Bureau of Statistics released the financial data of industrial enterprises, which showed that the total profit of industrial enterprises above designated size in 2018 was 66,351.
400 million, an increase of 10 over the previous year.
According to Dr. He Ping, Department of Industry, National Bureau of Statistics, in the past five years, the profits of industrial enterprises above designated size increased in 20143.
3%, down 2 in 2015.
3%, an increase of 8 in 2016.
5%, an increase of 21% in 2017.
In 2018, the profits of industrial enterprises above designated size continued to grow rapidly on the basis 上海夜网论坛 of the rapid growth achieved in the previous year.
In this regard, Pan Yuzhang, a macro analyst at the Xiangcai Securities Research Institute, said in an interview with the Securities Daily yesterday that although the profit growth rate of industrial enterprises above designated size in 2018 was not as fast as 2017, they still maintained two-digit growth rates.The high base effect made the profit growth of industrial enterprises in 2018 significantly earlier than in 2017.
Zheng Houcheng, chief economist of China-owned Guoxin Asset Management Co., Ltd., said in an interview with the Securities Daily that the profits of industrial enterprises were converted to ten in 2018.
3%, in line with market expectations.
Due to the deterioration of the international trade environment and weak domestic demand, the value added of industry has gradually decreased from the previous value.
4 digits; cumulative, the cumulative PPI in 2018 exceeded 3.
5%, down 2 from the previous value.
From the perspective of all systems, Pan Yuzhang pointed out that the average profit growth rate of domestic and private enterprises is more than 10%, indicating that the profit growth of state-owned and private enterprises has tended to diverge and the pace of economic structural adjustment has accelerated.
He Ping said that in 2018, of the 41 industrial sectors, 32 industries increased their profits over the previous year.
Pan Yuzhang believes that automobile, computer communications, non-ferrous metal smelting, and paper industry profits have increased significantly.
Among them, the profit growth rate of the automobile manufacturing industry is down from last year4.
At 7%, the industry has a large volume and a high proportion of absolute profits, which is the primary factor dragging down the rapid growth of industrial enterprises’ profits.
He Ping also pointed out that at the end of 2018, assets and liabilities of industrial enterprises above designated size replaced 56.
5%, 0 lower than the previous year.
Among them, the assets of conventional holding companies are mortgaged 58.
7%, a decrease of 1 from the previous year.
Zheng Houcheng believes that through the supply-side structural reforms, the key reform tasks in the industrial sector have made significant progress.
The asset-liability ratio of industrial enterprises in 2018 decreased compared with 2017, but in general it is in a substitute position, indicating that deleveraging has achieved breakthrough returns.
“In general, the benefits of industrial enterprises continued to improve in 2018, but the decline in the growth rate of manufacturing profits may lead to faster manufacturing investment growth in 2019,” Pan Yuzhang pointed out, which increasingly highlights infrastructure underpinnings and fiscal counter-cyclicalThe nature of regulation.
In addition, in 2019, the profit growth of industrial enterprises accelerated and stabilized, and a new round of inventory cycle was officially opened. It is expected to enter the phase of active inventory replenishment in the second quarter.