On January 28, 2019, the National Bureau of Statistics released the profit growth of industrial enterprises above designated size in 2018. In 2018, the total profits of industrial enterprises above designated size reached 6,635.14 billion yuan, an increase of 10.3% over the previous year. Among them, the instrument and meter manufacturing industry realized a total profit of 78.05 billion yuan, a year-on-year increase of 6.9%.

In 2018, among the industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 1,858.31 billion yuan, an increase of 12.6% over the previous year; collective enterprises realized a total profit of 10.22 billion yuan, down 1%; joint-stock enterprises realized a total profit of 460.751 billion yuan, an increase of 14.4. %; foreign and Hong Kong, Macao and Taiwanese investment enterprises realized a total profit of 1,677.55 billion yuan, an increase of 1.9%; private enterprises realized a total profit of 1,713.7 billion yuan, an increase of 11.9%.

In 2018, the mining industry realized a total profit of 524.64 billion yuan, an increase of 40.1% over the previous year; the manufacturing industry realized a total profit of 576.645 billion yuan, an increase of 8.7%; the electricity, heat, gas and water production and supply industries realized a total profit of 414.05 billion yuan. Growth of 4.3%.

On January 28, 2019, Dr. He Ping from the Industry Department of the National Bureau of Statistics interpreted the profit data of industrial enterprises in 2018. According to the financial data of industrial enterprises released by the National Bureau of Statistics, the total profit of industrial enterprises above designated size increased by 10.3% in 2018 compared with the previous year. The growth rate slowed by 1.5 percentage points from January to November, and the overall growth rate was relatively fast. Profit for the month of December decreased by 1.9% year-on-year.

First, industrial profits have maintained rapid growth

In the past five years, in 2014, the profits of industrial enterprises above designated size increased by 3.3%, by 2.3% in 2015, by 8.5% in 2016 and by 21% in 2017. In 2018, the profits of industrial enterprises above designated size continued to grow rapidly on the basis of rapid growth in the previous year.

Second, most industry profits increased compared with the previous year

In 2018, among the 41 industrial categories, the profits of 32 industries increased compared with the previous year. The industries with more profit* are mainly oil and gas exploration, the profit increased by 4.4 times compared with the previous year; the non-metallic mineral products industry increased by 43%; the ferrous metal smelting and rolling processing industry increased by 37.8%; chemical raw materials and chemistry Product manufacturing, an increase of 15.9%; wine, beverage and refined tea manufacturing, an increase of 20.8%. The contribution of the five industries to the profit growth of industrial enterprises above designated size was 77.1%.

Third, the company's operating efficiency has been improved

In 2018, the profit rate of the main business of industrial enterprises above designated size was 6.49%, an increase of 0.11 percentage points over the previous year.

Fourth, de-leverage, reduce costs and achieve positive results

In 2018, the structural reform of the supply side continued to advance in depth, and the key reform tasks in the industrial sector achieved remarkable results. Leverage continues to decline. At the end of 2018, the asset-liability ratio of industrial enterprises above designated size was 56.5%, a decrease of 0.5 percentage points from the previous year. Among them, the asset-liability ratio of state-owned holding companies was 58.7%, down 1.6 percentage points from the previous year. Corporate costs continue to fall. In 2018, the total cost and expenses per 100 yuan of main business income of industrial enterprises above designated size was 92.58 yuan, a decrease of 0.18 yuan over the previous year; among them, the cost per 100 yuan of main business income was 83.88 yuan, a decrease of 0.2 yuan. .

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