Original title: Measures such as ensuring supply and price stability are effective. In October, the profits of industrial enterprises have risen steadily
According to data from the National Bureau of Statistics, in October, the profits of industrial enterprises above designated size nationwide increased by 24.6% year-on-year, an increase of 8.3 percentage points from the previous month, and rebounded for two consecutive months; the two-year average growth rate was 26.4%, an acceleration of 13.2 percentage points. From January to October, the profits of industrial enterprises above designated size increased by 42.2% year-on-year, and the two-year average growth rate was 19.7%, continuing to maintain a rapid growth trend.
“In October, with the vigorous advancement of policy measures such as ensuring supply and stabilizing prices and helping companies to relieve difficulties, the production and operation conditions of industrial enterprises continued to improve, and the profit growth rate rose steadily.” said Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics. In October, industrial production rebounded slightly, exports of industrial products grew rapidly, and prices of some industrial products continued to rise, which led to an acceleration in the growth of corporate income.
Specifically, the profit growth of the mining industry and the raw material manufacturing industry has accelerated significantly. In October, driven by the high prices of production materials, the profits of the mining industry and the raw material manufacturing industry increased by 2.81 times and 56.1% year-on-year respectively, which were significantly higher than the industrial average, and the growth rate was 51.7 and 18.4 percentage points higher than the previous month. Zhu Hong said that with the implementation of energy supply policy measures, coal production increased rapidly in October, driving the coal industry’s profit to increase by 4.38 times year-on-year, and the growth rate was 69.6 percentage points higher than the previous month; non-ferrous metals and chemical industry profits increased by 1.68 times respectively , 63.9%, the growth rate was 71.3 and 21.7 percentage points faster than the previous month; the profit of the steel industry increased by 57.3%, maintaining rapid growth.
In addition, the profit of the consumer goods manufacturing industry has turned from a decline to an increase. In October, factors such as increased orders for stocking during Double Eleven and other holidays drove the demand for related consumer goods. The profit of the consumer goods manufacturing industry changed from a year-on-year decline in the previous month to an increase of 3.6%. Among them, more than 70% of the consumer goods manufacturing industry’s profit rebounded.
Profits of high-tech manufacturing industry maintained rapid growth. In October, the profit of high-tech manufacturing industry increased by 17.4% year-on-year, continuing a double-digit growth trend, contributing 11.0% to the profit growth of industrial enterprises above designated size. In terms of different industries, the market demand for vaccines, computers and other products is good. Driven by factors such as increasing corporate orders, the profit of the pharmaceutical manufacturing industry has increased by 42.0% year-on-year, and the growth rate has accelerated by 12.6 percentage points from the previous month; computer and office equipment manufacturing, aerospace The profit of the appliance and equipment manufacturing industry increased by 14.4% and 10.2% respectively year-on-year, both achieving rapid growth.
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