According to the latest statistics from National Bureau of Statistics of China, in 2017, the revenue from main business of large-scale industrial enterprises in China reached 116.5 trillion yuan, up 11.1% over the same period of last year; total profit amounted to 7,518.71 billion yuan, up 21% over the same period of last year, accelerating 12.5% A percentage point occurred main business costs 98.9 trillion yuan, an increase of 10.8%.
In December, China's industrial enterprises above designated size realized a total profit of 824.16 billion yuan, up 10.8% over the same period of last year, a deceleration of 4.1 percentage points from November.
Industry situation
In 2017, of 41 industries, the total profits of 37 industries increased year-on-year while that of one industry decreased by 90%.
In 2017, the revenue from main operations of rubber and plastic products was 3,165.69 billion yuan, an increase of 7.3% over the same period of last year; the profit was 185.2 billion yuan, an increase of 3.7% over the same period of last year.
In 2017, the revenue from principal operations of chemical raw materials and chemical products manufacturing was RMB8,710.93 billion, an increase of 13.9% over the same period of last year; and the profit was RMB604.56 billion, up by 40.9% over the same period of last year.
In 2017, the revenue from principal operations of automobile manufacturing industry was RMB8,533.33 billion, an increase of 10.8% over the same period of last year; the profit was RMB683.29 billion, an increase of 5.8% over the same period of last year.
In 2017, revenue from main operations of computer, communications and other electronic equipment manufacturing industry was RMB10,552.5 billion, an increase of 13.2% over the same period of last year; profit of 544 billion yuan was realized, an increase of 22.9% over the same period of last year.
In 2017, the revenue from principal operations of pharmaceutical manufacturing industry was 2.818550 trillion yuan, an increase of 12.5% over the same period of last year; the profit was 331.41 trillion yuan, up 17.8% from the same period of last year.
Interpretation of experts
According to Dr. He Ping, Industry Division, National Bureau of Statistics, interpretation shows that in 2017, China's industrial enterprises above designated size realized a profit of 7,518.71 billion yuan, an increase of 21% over the previous year, an acceleration of 12.5 percentage points from 2016 and the highest growth rate since 2012 One year
First, the operating efficiency of industrial enterprises has obviously improved and the operation quality has been further improved
In terms of industry, profits in most industries increased. Among 41 industries, 37 sectors recorded a year-on-year increase in industry profits over the previous year, up 8 sectors over the previous year, while the profit growth in manufacturing industries accelerated. In 2017, manufacturing Profit rose 18.2%, up 5.9 percentage points from 2016. The new economy enjoyed a rapid profit growth, with high-tech manufacturing gaining 20.3% in 2017, outpacing other manufacturing industries.
In terms of profitability, in 2017, the profit margin of main business revenue of industrial enterprises above designated size in China was 6.46%, up 0.54 percentage points from the previous year, and the profitability of industrial enterprises increased significantly.
Second, to the industrial sector to capacity, leverage, reduce costs and achieved positive results
In 2017, the supply-side structural reform has been further promoted. The key reform tasks in the industrial sector have achieved remarkable results, mainly reflected in:
First, positive progress was made in capacity-building. In 2017, the de-ori- entation of steel and coal improved the quality of supply and the prices of products, and the profitability of enterprises rose sharply. The profits of ferrous metal smelting and rolling processing industries increased 1.8 times over the previous year, Election growth 2.9 times.
Second, the leverage ratio has decreased by the end of 2017. The asset-liability ratio of industrial enterprises above designated size was 55.5%, down 0.6 percentage points from the previous year, of which the assets-liability ratio of state-controlled enterprises was 60.4%, down 0.9 percentage points from the previous year.
Thirdly, the cost of enterprises continued to decrease: in 2017, the cost of every 100 yuan of main business income of industrial enterprises above designated size was 84.92 yuan, a decrease of 0.25 yuan over the previous year; the cost of every hundred yuan of main business income was 7.77 yuan A decrease of 0.2 yuan in the previous year.
Overall, the rapid growth of industrial profits in 2017 is mainly due to the further promotion of supply-side structural reforms, the effective implementation of policies and measures such as de-capacity and cost reduction, the acceleration of growth and structural adjustment of new momentum, the acceleration of transformation and upgrading, In the next stage, we will continue to unswervingly deepen the supply-side structural reforms, unswervingly accelerate the growth of the new economy in the industrial field, and steadily achieve the transformation of the industrial economy from rapid development to high-quality development.