According to the National Bureau of Statistics, the profits of industrial enterprises exceeded 8.7 trillion yuan last year

2022-06-01 0 By

Beijing, February 7 (Xinhua) — Data released by the National Bureau of Statistics shows that in 2021, the total profits of industrial enterprises above designated size in China will reach 8.709.21 billion yuan, up 34.3% over the previous year, with an average growth of 18.2% over the past two years.Zhu Hong, senior statistician of the Industry Department of the National Bureau of Statistics, said that in 2021, in the face of complex and severe international environment and various domestic risks and challenges, all regions and departments strongly support industrial development, industrial economy sustained and stable recovery, corporate profits achieved rapid growth and profitability steadily improved.Nearly 80 percent of industries saw profit growth.In 2021, 32 out of 41 industrial categories, or 78 percent, saw their profits increase from the previous year, an increase of 14.6 percentage points from the previous year.Some industries saw rapid profit growth, with six industries seeing profits more than double and 18 registering double-digit growth.Compared with 2019, 31 industries saw profit growth, accounting for 75.6 percent;Among them, 21 industries saw their profits grow by more than 10 percent on average over the past two years.High-tech manufacturing plays a leading role.In 2021, the profit of high-tech manufacturing increased by 48.4 percent from the previous year and by 31.4 percent on average in the two years, 14.1 and 13.2 percentage points higher than the average level of industrial enterprises above designated size, and its share in the profit of industrial enterprises above designated size increased by 2.1 and 4.2 percentage points compared with that in 2020 and 2019, showing strong vitality.By sector, pharmaceutical, electronic and communication equipment manufacturing saw strong profit growth, up 77.9% and 44% respectively from the previous year, making a greater contribution to the profit growth of high-tech manufacturing.The profits of aerospace, spacecraft and equipment and information chemicals manufacturing grew faster, up 76.2% and 52.6% respectively.Mining and raw material industries are strong drivers of profit growth.In 2021, driven by the rise in commodity prices, the profits of upstream mining and raw material manufacturing increased 190.7% and 70.8% from the previous year respectively, with an average growth of 41.1% and 33.6% in the past two years, both of which were significantly higher than the average level of industries above scale.Among them, coal and crude oil prices increased significantly in the year and stayed high for a long time, driving profits of coal and oil and gas mining industries to increase by 212.7% and 584.7%, respectively, compared with the previous year.In the petrochemical industry chain, profits of petroleum processing and chemical industries increased by 224.2 percent and 87.8 percent respectively, and those of iron and steel industries increased by 75.5 percent, both of which achieved rapid growth.Equipment and consumer goods manufacturing profits grew faster.In 2021, the profits of equipment manufacturing and consumer goods manufacturing in the middle and lower reaches increased by 16.3% and 24.6% respectively from the previous year, with an average growth rate of 13.5% and 14.4% respectively in the two years, both achieving double-digit growth.By industry, nearly 90% of equipment manufacturing industries saw a year-on-year increase in profits, among which the electronics industry with the largest profit scale saw a 38.9% increase.The metal products industry, driven by strong demand for containers, saw its profit increase by 28.7%, the fastest growth in recent years.Profits of electrical machinery and special equipment increased by 12.2% and 10.2% respectively.As consumer demand continues to recover, more than 70% of consumer goods industries saw their profits increase from the previous year. Among them, the profit of chemical fiber industry increased by 149.2%, significantly higher than the average level in recent years.Profits of liquor and beverage, culture, education, industry and art, and textile and garment industries increased by 24.1 percent, 19.2 percent and 14.4 percent respectively.With regard to the situation this year, Zhu said there is pressure on industrial enterprises to continue to improve their performance, and there are still many challenges for the sustained and stable development of the industrial economy in 2022.Going forward, we need to strengthen the core competitiveness of the manufacturing sector, strengthen and improve the real economy, implement policies to cut taxes and fees and ensure supply and price stability, vigorously help enterprises overcome difficulties, more invigorate market entities, and ensure the smooth operation of the industrial economy, improve its quality and efficiency.Source: Overseas edition of People’s Daily