From January to April, the total profits of industrial enterprises above designated size reached 2,127.17 billion yuan, a year-on-year increase of 15%, and the growth rate was 3.4 percentage points faster than that in January-March.

From January to April, among the industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 627.03 billion yuan, a year-on-year increase of 26.2%; collective enterprises realized a total profit of 7.53 billion yuan, an increase of 9.6%; joint-stock enterprises realized a total profit of 149.19 billion yuan, an increase of 19.1. %; foreign and Hong Kong, Macao and Taiwanese investment enterprises realized a total profit of 520.57 billion yuan, an increase of 4.4%; private enterprises realized a total profit of 590.29 billion yuan, an increase of 11.5%.

From January to April, the mining industry realized a total profit of 184.84 billion yuan, a year-on-year increase of 39%; the manufacturing industry realized a total profit of 1796.37 billion yuan, an increase of 12%; the electricity, heat, gas and water production and supply industries realized a total profit of 145.96 billion yuan. The increase was 28.7%.

In the first four months of the year, in the 41 major industrial sectors, the total profit of 29 industries increased year-on-year, one industry was flat, and 11 industries were reduced. The profit of major industries is as follows: total profit of coal mining and washing industry increased by 15.5% year-on-year, oil and natural gas mining industry increased by 2.1 times, agricultural and sideline food processing industry increased by 2.1%, textile industry increased by 1%, oil, coal and other fuels Industrial growth of 19.6%, chemical raw materials and chemical products manufacturing increased by 23%, non-metallic mineral products industry increased by 45.2%, ferrous metal smelting and rolling processing industry increased by 95.4%, general equipment manufacturing industry increased by 9.8%, special equipment manufacturing industry increased by 23.9% %, electrical machinery and equipment manufacturing grew by 2.7%, power, heat production and supply increased by 30.3%, non-ferrous metal smelting and rolling processing fell by 15.8%, automotive manufacturing fell by 0.6%, and computers, communications and other electronic equipment manufacturing Decreased by 5.3%.

From January to April, the industrial enterprises above designated size achieved a revenue of 34.1 trillion yuan, a year-on-year increase of 10.5%; the cost of the main business was 28.8 trillion yuan, an increase of 10.2%; the profit rate of the main business income was 6.24%, a year-on-year increase. 0.24 percentage points.

At the end of April, the assets of industrial enterprises above designated size totaled 107.9 trillion yuan, a year-on-year increase of 7.3%; the total liabilities were 61 trillion yuan, an increase of 6.1%; the total owner's equity was 46.9 trillion yuan, an increase of 8.8%; the asset-liability ratio was 56.5%. It was down 0.7 percentage points year-on-year.

At the end of April, the accounts receivable of industrial enterprises above designated size were 13.3 trillion yuan, a year-on-year increase of 10.8%; the inventory of finished products was 4018.89 billion yuan, an increase of 5.5%.

From January to April, the cost per 100 yuan of main business income of industrial enterprises above designated size was 84.52 yuan, a decrease of 0.21 yuan year-on-year; the cost per 100 yuan of main business income was 8.13 yuan, a decrease of 0.04 yuan per year; The main business income realized by the assets was 95.7 yuan, an increase of 2.7 yuan year-on-year; the per capita main business income was 1.251 million yuan, an increase of 140,000 yuan year-on-year; the finished goods inventory turnover days was 16.4 days, a decrease of 0.5 days compared with the same period of last year; accounts receivable The average payback period was 45.5 days, a decrease of 0.1 days from the same period last year.

In April, industrial enterprises above designated size achieved a total profit of 576.03 billion yuan, a year-on-year increase of 21.9%, and the growth rate was 18.8 percentage points faster than that in March.

In this regard, Dr. He Ping from the Industry Department of the National Bureau of Statistics interpreted the profit data of industrial enterprises from January to April 2018.

According to the financial data of industrial enterprises released by the National Bureau of Statistics on May 27, in the first four months of 2018, the profits of industrial enterprises above designated size increased by 15% year-on-year, and the growth rate was 3.4 percentage points faster than that in January-March; among them, the growth in April 21.9%, 18.8 percentage points faster than in March.

First, the production is accelerating, the price is rising, the base is low, and so on, the profit growth is obviously accelerated.

The growth rate of industrial profits in April showed a significant rebound in the lower level in March, mainly for the following reasons:

First, production and sales growth has accelerated. In April, the added value of industrial enterprises above designated size increased by 7% year-on-year, and the growth rate was 1 percentage point higher than that in March. The income of main business of enterprises increased by 10.4%, and the growth rate was 3 points higher than that in March.

Second, the PPI rebounded. In April, the ex-factory price of industrial producers rose by 3.4% year-on-year, which was 0.3 percentage points higher than that in March. It was a rebound after the price increase slowed for five consecutive months. The purchase price of industrial producers rose by 3.7% year-on-year. Same as in March. One liter and one level has expanded the profit margin of the company. According to preliminary estimates, due to price changes, profits increased by approximately 84.97 billion yuan year-on-year, and the effect on profit growth was 7.1 percentage points higher than that in March.

Third, the iron, steel, chemical, automotive and other industries have obvious driving effects. In April, due to the rebound in product price increases, lower profit base last year, faster production, lower costs, etc., ferrous metal smelting and rolling processing industry profits increased by 2.6 times year-on-year, and in March increased by 20.8%; chemical raw materials and chemical products manufacturing Profits increased by 46.2% year-on-year, and the growth rate was 41.5 percentage points higher than that in March. The profit of automobile manufacturing industry increased by 12.5% year-on-year, and it decreased by 9.6% year-on-year in March. In addition, profit growth in the oil and gas exploration industry and non-metallic mineral products industry has also accelerated significantly. The above five industries collectively boosted the profit growth rate of all industrial enterprises above designated size by 13.2 percentage points.

Fourth, the increase in financial expenses has slowed significantly. In April, due to factors such as the previous exchange loss and other factors, the financial expenses of industrial enterprises above designated size increased by only 1.8% year-on-year, and the growth rate slowed down by 13.3 percentage points from March.

Fifth, the profit base is relatively low. In April last year, due to various factors such as falling prices, slowing production and sales growth, and rising costs, profits increased by 14% year-on-year. The growth rate dropped by 9.8 points from March last year, the second lowest growth rate in each month last year. point.

Second, the effect of structural reform on the supply side continues to emerge, and the quality and efficiency of industrial entity economic operations continue to improve.

First, the cost has dropped. From January to April, the cost per 100 yuan of main business income of industrial enterprises above designated size was 92.65 yuan, down 0.25 yuan year-on-year; among them, the cost per 100 yuan of main business income was 84.52 yuan, down 0.21 yuan year-on-year.

Second, the leverage ratio is reduced. At the end of April, the asset-liability ratio of industrial enterprises above designated size was 56.5%, down 0.7 percentage points year-on-year. Among them, the asset-liability ratio of state-owned holding companies was 59.5%, down 1.5 percentage points year-on-year, and the de-leveraging effect of state-owned enterprises was more significant.

The third is the improvement of capital efficiency. At the end of April, the inventory turnover days of finished products of industrial enterprises above designated size were 16.4 days, a decrease of 0.5 days compared with the same period of last year; the average payback period of accounts receivable was 45.5 days, a decrease of 0.1 days compared with the same period of last year.

Fourth, profitability has increased. From January to April, the profit rate of main business income of industrial enterprises above designated size was 6.24%, an increase of 0.24 percentage points year-on-year.