Source: Network
The National Bureau of Statistics announced on January 28 that the total profit of industrial enterprises above designated size increased by 10.3% in 2018 compared with the previous year. The growth rate slowed by 1.5 percentage points from January to November, and the overall growth rate was relatively fast.
From 2014 to 2017, the profit growth rate of industrial enterprises above designated size was 3.3%, -2.3%, 8.5% and 21% respectively. "In 2018, the profits of industrial enterprises above designated size continued to maintain rapid growth on the basis of rapid growth in the previous year," said Dr. He Ping from the Industry Department of the National Bureau of Statistics.
In 2018, among the 41 industrial categories, the profits of 32 industries increased compared with the previous year. The industries with the most profit added were: oil and natural gas extraction, profits increased by 4.4 times compared with the previous year; non-metallic mineral products industry increased by 43%; ferrous metal smelting and rolling processing industry increased by 37.8%; chemical raw materials and chemicals Manufacturing, an increase of 15.9%; wine, beverage and refined tea manufacturing, an increase of 20.8%. The contribution of the five industries to the profit growth of industrial enterprises above designated size was 77.1%.
It is particularly worth mentioning that last year, the profit rate of the main business income of industrial enterprises above designated size was 6.49%, an increase of 0.11 percentage points over the previous year.
He Ping analyzed that the company's operating efficiency has been improved, reflecting the positive results of de-leveraging and cost reduction. In 2018, the supply-side structural reform continued to advance in depth, and the leverage ratio continued to decline. At the end of 2018, the asset-liability ratio of industrial enterprises above designated size was 56.5%, a decrease of 0.5 percentage points from the previous year. Among them, the asset-liability ratio of state-owned holding companies was 58.7%, down 1.6 percentage points from the previous year. Corporate costs continue to fall. In 2018, the total cost and expenses per 100 main business income of industrial enterprises above designated size was 92.58, a decrease of 0.18 over the previous year; among them, the cost per 100 main business income was 83.88, a decrease of 0.2.
Editor in charge: Zheng Shengfang
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