China News Agency reported that China's National Bureau of Statistics data released yesterday, 2017 1 to 9 months, above-scale industrial enterprises profits rose 22.8%, a record high of nearly 5 months, the growth rate of 1 to 8 months to speed up 1.2 percentage points The
Among them, by the power, wine and electronics industries, coupled with the efficiency of the supply system continues to improve, steady improvement in supply and demand, business efficiency improved significantly in September single-month industrial enterprises above designated size increased by 27.7% The new high, faster than in August to accelerate 3.7 percentage points, for two consecutive months to maintain a significantly faster situation.
In this regard, the National Bureau of Statistics, Dr. He Ping, the first three quarters of this year, the mainland industrial enterprises significantly improve the efficiency of the operation to improve the quality of the first is the cost reduction, profitability .1 to 9 months, above-scale industrial enterprises per hundred Costs in the main business income of 92.9 yuan (the same below), down 0.5 yuan.
Followed by loss-making enterprises to reduce the loss of decline in .1 to September above-scale industrial enterprises, loss-making enterprises decreased by 3.4% for several years, the total loss of loss-making enterprises by 18.1% .3 is the cash flow to speed up the operating efficiency. The average payback period for industrial enterprises above designated size was 37.3 days, a decrease of 1 day over the same period of last year, and the turnover of finished goods was 13.7 days, down 0.6 days from the same period last year.
The end of September, above-scale industrial enterprises asset-liability ratio was 55.7%, 0.6 percentage points lower, and finally is the high-tech manufacturing industry, industrial strategic emerging industries grew faster.
Hai Tong Securities chief economist Jiang Chao analysis, in September the mainland industrial production and sales have improved, indicating that the industrial boom profits rebounded in short-term, especially the price increase brought about by the profit of up to 136.2 billion yuan, accounting for 20% of total profits in September, Confirming the September manufacturing PMI rebound mainly due to the sharp rise in the price index, which means that the main reason for the rise in industrial profits is still price increases.
But he also pointed out that it is worth noting that the current inventory cycle has come to an end, the equipment investment cycle is difficult to start, real estate sales growth momentum; with the demand side continued to turn cold, then rely on price increases to achieve high profit growth situation , Will be difficult to sustain.