In the first quarter, industrial enterprises above designated size realized profits of more than 150 billion yuan (new data and new insights)

2024-05-21 09:38 Author: Liu Zhiqiang People's Daily Editor in charge: Chen Wei

Summary: (Reporter Liu Zhiqiang) The National Bureau of Statistics recently released data: in the first quarter, the total profits of industrial enterprises above designated size nationwide reached 1505.53 billion yuan, up 4.3% year on year. In the first quarter, the profits of the consumer goods manufacturing industry increased by 10.9% year on year, and the profits in the current quarter maintained double-digit growth for three consecutive quarters, which strongly supported the recovery of industrial profits above designated size.

Beijing, May 20 (Reporter Liu Zhiqiang) The National Bureau of Statistics recently released data: in the first quarter, the total profit of industrial enterprises above designated size nationwide was 1505.53 billion yuan, up 4.3% year on year. Quarterly, the profits of industrial enterprises above designated size increased for three consecutive quarters, continuing the recovery trend.

The revenue of industrial enterprises continued to recover. The market demand has gradually improved, the new driving force has accelerated its growth, and the enterprise revenue has continued to recover. In the first quarter, the operating revenue of industrial enterprises above designated size increased by 2.3% year on year, 1.2 percentage points faster than that of the whole year of the previous year. The revenue of the current quarter increased for three consecutive quarters, creating favorable conditions for the continuous recovery of corporate profits.

Nearly 70% of industry profits increased. In the first quarter, 28 of the 41 major industrial sectors saw year-on-year growth in profits, accounting for 68.3%, 2.4 percentage points higher than the previous year. In terms of categories, the profit of manufacturing industry increased by 7.9% year on year; The profit of electricity, heat, gas and water production and supply industry increased by 40.0% year on year, maintaining a rapid growth trend.

High tech manufacturing led industrial profit growth. In the first quarter, the profit of high-tech manufacturing industry increased by 29.1% year on year, 24.8 percentage points higher than the average industrial level above designated size. By industry, the profit of the communication terminal equipment industry increased 3.47 times year-on-year; The profits of integrated circuit, display device and computer manufacturing industry increased by 10.83 billion yuan, 7.61 billion yuan and 4.8 billion yuan respectively year on year.

The equipment manufacturing industry plays the role of "ballast" for profit growth. In the first quarter, the profit of equipment manufacturing industry increased by 18.0% year on year, driving the industrial profit above designated size up by 4.9 percentage points, making it the industry sector with the largest contribution. In terms of industries, the profits of the electronics and automobile industries increased by 82.5% and 32.0% respectively year on year, making them the manufacturing industry with the largest profit growth in industries above designated size; The profits of the industries of railway, ship, aerospace transportation equipment, general equipment and metal products increased by 45.8%, 7.9% and 6.7% year on year respectively.

The profit of consumer goods manufacturing industry has maintained rapid growth. With the in-depth implementation of the policy of expanding domestic demand and promoting consumption, consumer demand is constantly released. In the first quarter, the profits of the consumer goods manufacturing industry increased by 10.9% year on year, and the profits in the current quarter maintained double-digit growth for three consecutive quarters, which strongly supported the recovery of industrial profits above designated size.

key word: Industrial enterprises, year-on-year growth, realized profits, manufacturing profits, profit growth

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