The profit in April shifted from a decrease to an increase, and the industrial economy continued to consolidate its positive trend of recovery
According to data released by the National Bureau of Statistics on the 27th, in April, as the effects of macroeconomic policies continued to show, market demand continued to rebound, and profits of industrial enterprises above designated size shifted from decline to increase, resulting in sustained recovery of enterprise efficiency.
According to statistical data, in April, the profits of industrial enterprises above designated size in China increased by 4% from a year-on-year decrease of 3.5% in March, and the growth rate rebounded by 7.5 percentage points. The profits of enterprises in that month have significantly improved.
From the perspective of enterprise operations, as market demand continues to recover, industrial production growth accelerates, the decrease in ex factory prices of products narrows, and the level of production and sales linkage improves, jointly promoting the improvement of enterprise revenue. In the first four months, the operating revenue of industrial enterprises above designated size increased by 2.6% year-on-year, with a growth rate 0.3 percentage points faster than from January to March. From the perspective of the current month, the operating income of industrial enterprises above designated size in April increased by 3.3% from a year-on-year decrease of 1.2% in March, with a growth rate of 4.5 percentage points, which is a significant rebound and effectively drives the improvement of enterprise profits.
It is worth noting that,The equipment manufacturing industry continues to play a supportive role.Yu Weining, a statistician from the Industrial Department of the National Bureau of Statistics, stated that,The high-end, intelligent, and green development of the manufacturing industry is being deeply promoted, and the cultivation and growth of new quality productivity is being strengthened. With the gradual emergence of large-scale equipment renewal policies, the profits of the equipment manufacturing industry are jointly promoted to maintain rapid growth.
According to statistical data, from January to April, the profit of the equipment manufacturing industry increased by 16.3% year-on-year, with a growth rate 12 percentage points higher than that of all industries above designated size, driving the profit growth of industries above designated size by 4.7 percentage points, making it the industry sector with the largest contribution.
From the perspective of segmented industries, in the first four months, the electronics industry saw a significant increase in profits by 75.8%, driven by the release of demand for products such as smartphones, integrated circuits, and LCD panels, as well as rapid growth in production; The railway, shipbuilding, aerospace transportation equipment industry saw a profit growth of 40.7% due to factors such as rapid growth in shipbuilding orders and increased product added value; The production and sales of the automotive industry have maintained a relatively fast growth level, with profits increasing by 29%.
Benefiting from favorable factors such as improved market demand and significantly accelerated industrial exports, the profit growth of the consumer goods manufacturing industry is also accelerating. In the first four months, the profit of the consumer goods manufacturing industry increased by 12% year-on-year, with a growth rate 1.1 percentage points faster than that from January to March. Among them, the profit in April increased by 15.9%, showing a clear upward trend.
From the production side, the industrial economy is also showing a trend of recovery and improvement. The data previously released by the National Bureau of Statistics showed that in April, the added value of industrial enterprises above designated size in China increased by 6.7% year-on-year, with a growth rate 2.2 percentage points faster than the previous month.
Looking at the detailed data, the high-quality development of the industrial economy is more abundant. In April, the added value of high-tech manufacturing increased by 11.3% year-on-year, which was 4.6 percentage points higher than that of all industries above designated size; The growth rate has accelerated by 3.7 percentage points compared to the previous month, marking the sixth consecutive month of acceleration. The development of intelligent manufacturing is accelerating, with the added value of industries such as intelligent unmanned aerial vehicle manufacturing and intelligent vehicle mounted equipment manufacturing increasing by 39.9% and 39.7% respectively. The production of service robots, industrial robots and other products increased by 27.3% and 25.9% year-on-year, respectively.
With the coordinated efforts of various macro policy measures, the consumer market continues to recover, driving the confidence of business entities to continue to rise. In April, the Purchasing Managers' Index (PMI) of China's manufacturing industry remained in the expansion range for two consecutive months, with the expected index of production and operation activities continuing to be in the high prosperity range of over 55%.
Recently, the company's unmanned mining truck business has continued to maintain stable growth, "said Lin Qiao, Vice President of Strategy at Beijing Yikong Intelligent Driving Technology Co., Ltd. It is expected that by the end of this year, the number of unmanned mining trucks operating with the company's technology will reach around 1000.
Wang Xin, Chief Statistician of the Industry Department of the National Bureau of Statistics, stated that industrial production achieved rapid growth in April and the trend continued to improve. However, it should also be noted that the external environment has become more severe and complex, and problems such as insufficient effective demand and significant pressure on enterprise profitability still need to be effectively addressed.
The Ministry of Commerce and other departments have successively issued the "Action Plan for Promoting Consumer Goods Trade in" and the "Implementation Rules for Automobile Trade in Subsidies"; The Ministry of Industry and Information Technology and five other departments jointly launched the 2024 New Energy Vehicles Going to the Countryside campaign... Recently, policies and measures to boost the industrial economy have continued to be implemented.
Liu Aihua, spokesman of the National Bureau of Statistics, said that in the next stage, the large-scale equipment renewal in the industrial field and the trade in policy for consumer goods will release more market space. Information technology, digital technology, intelligent technology and green technology will flourish, which will further help to accelerate the cultivation and growth of new drivers and enhance the power of industrial development.
Information source: Xinhua News Agency
