In the past two months, the National Bureau of statistics showed that the economic growth of various entities and regions continued to maintain stable year-on-year growth in the face of the grim economic situation since March 27.
From January to February, industrial enterprises above Designated Size achieved a total profit of 1157.56 billion yuan, an increase of 5.0% year-on-year, with a growth rate of 0.8 percentage points higher than that in December last year. What is particularly rare is that the profit growth of industrial enterprises was realized on the basis of a higher base in the same period last year. Among the 41 major industrial industries, 22 industries achieved year-on-year profit growth or loss reduction, of which 15 industries had a profit growth rate of more than 10%. Driven by factors such as the boost of consumption during the Spring Festival, the profits of some enterprises in the consumer goods industry increased rapidly.
From January to February, the profits of enterprises in textile, food manufacturing, culture, education, industry and beauty industries increased by 13.1%, 12.3% and 10.5% respectively year-on-year. In addition, the profits of enterprises in electrical machinery and equipment manufacturing and special equipment manufacturing increased significantly. Driven by the rising prices of international raw materials and energy, the profits of enterprises in oil and gas exploitation, coal mining and beneficiation, non-ferrous metal smelting, chemical industry and other industries increased rapidly.
On the whole, the efficiency of industrial enterprises has continued the recovery trend since last year. In particular, while the assets of enterprises are growing rapidly, the asset liability ratio has decreased. At the end of February, the asset liability ratio of Industrial Enterprises above designated size was 56.3%, which continued to decline.
