According to the latest statistics of the National Bureau of Statistics show that the first half of 2017 China’s industrial enterprises above designated size to achieve the main business income of 59.5 trillion yuan (the same below), an increase of 13.6%; total profit of 363.375 billion yuan, an increase of 22% Speed ratio of 1 – May slowed 0.7 percentage points. The main business costs 51 trillion yuan, an increase of 13.6%.
In June, China’s industrial enterprises above designated size total profit of 727.78 billion yuan, an increase of 19.1%, faster than in May to speed up 2.4 percentage points.
In the first half of the rubber and plastics products industry main business income 1.65 trillion yuan
Industry situation
In the first half of the year, in the 41 industrial sectors, the total profit of 38 industries increased year on year, and the three decrease.
The first half of the rubber and plastic products industry, the main business income of 1,650.88 billion yuan, an increase of 10.4%; profits of 95.47 billion yuan, an increase of 5.5%. The cost of the main business occurred 14,351.8 billion yuan, an increase of 11.1%.
In the first half of the year, the income from sales of chemical raw materials and chemical products was 468.15 billion yuan, up by 16.3% over the same period of last year. The profit was 298.45 billion yuan, up by 33.1% year on year. The main business cost of 4024.23 billion yuan, an increase of 16.4%.
In the first half of the automobile manufacturing industry, the main business income of 41283.1 billion yuan, an increase of 12.0%; profits of 345.02 billion yuan, an increase of 11.7%. The main business costs of 347.18 billion yuan, an increase of 12.4%.
In the first half of the year, the main business income of computer, communications and other electronic equipment manufacturing industry was RMB50,042 million, an increase of 14.4% and profit of 236.94 billion yuan, up 17.1% year on year. The cost of the main business 4412.96 billion yuan, an increase of 13.8%.
Since the beginning of 2016, China’s industrial enterprises above designated size have accumulated their main business income and profit growth
Expert interpretation
According to Dr. He Ping, Department of Industry, National Bureau of Statistics, in June 2017, China’s industrial enterprises above designated size increased by 19.1% year on year, and the growth rate was 2.4 percentage points higher than that in May. In the first half of the year, profits increased 22% – May slowed 0.7 percentage points.
Polyglutamic acid fertiliser grade |
First, by the accelerated growth of production and sales, purchase prices rose and so on, profit growth accelerated
China’s industrial profit growth in June than in May to speed up the main reason is:
From the production and sales perspective, industrial production and sales growth accelerated. In June, the industrial added value above designated size actually increased by 7.6% year on year, the growth rate was 1.1 percentage points higher than that in May; the main business income of industrial enterprises increased by 13.7% year on year, and the growth rate was 0.6 percentage points higher than that in May.
From the price, the product prices rose flat, raw material purchase prices rose down. In June, China’s industrial producer prices rose 5.5%, or unchanged in May, while industrial producer purchase prices rose 7.3%, or 0.7 percentage points lower than in May. June profit increased by about 80.9 billion yuan, more than in May increased by 50.1 billion yuan.
From the industry, steel, automotive, electronics and other industries increased significantly faster profit. Due to automobile production and sales generally better, the same period last year, part of the car to mention a large amount of security caused by the sales expenses in June this year, such as rising from the reasons for the decline in automobile manufacturing profits increased by 19.6%, faster than in May to accelerate 15.6 percentage points ; Computer, communications and other electronic equipment manufacturing industry profits 69.6 billion yuan, an increase of 22.9%, faster than in May to accelerate 0.5 percentage points. The total impact of all three industries above the scale of industrial enterprises to accelerate the growth rate of 4.1 percentage points.
Gamma Polyglutamic Acid |
Second, the supply side of the structural reform effect is obvious, business efficiency continued to improve
First, the profit growth structure improved significantly. In June, all the industrial enterprises above designated size increased profits, equipment manufacturing industry accounted for 40.7%, than in May increased by 11.3 percentage points; high-tech manufacturing industry accounted for 19.3%, an increase of 0.6 percentage points. The contribution rate of equipment manufacturing industry to industrial profit growth exceeds that of mining industry.
Second, profit margins rose year on year. In June, the profitability of the main business income of Chinese industrial enterprises was 6.35%, up 0.29 percentage points year on year, continuing the upward trend year on year.
Third, unit cost costs decline. In June, China’s industrial enterprises per hundred yuan in the main business income in the cost of 93.11 yuan, down 0.18 yuan.
Gamma Poly glutamic acid 30% |
Fourth, the accounts receivable payback period continues to be shortened. At the end of June, the average payback period for industrial enterprises above designated size was 37 days, down by 1.1 days compared to the same period of last year.
Fifth, finished product turnover continues to accelerate. At the end of June, the turnover of finished products for industrial enterprises above designated size was 13.7 days, down by 0.8 days from the same period of last year.
Six is the debt ratio continues to decline. At the end of June, the asset-liability ratio of industrial enterprises above designated size was 55.9%, down by 0.8 percentage points year on year.
The data also show that in June, China’s industrial enterprises above designated size financial costs increased by 9.7%, an increase of 4.6 percentage points higher than in May, to some extent reflects the rising costs of financing costs, the need for further attention
http://www.sulfamic-acid.com |