Industrial profit decline continued to narrow in January-July 2009

Abstract From January to July, 22 regions across the country [Note 1] The profits of industries above designated size reached 1.1107 billion yuan, down 17.3% year-on-year. The decline was 3.9 percentage points lower than that of the first half of the year; among them, the profit in July was 216.5 billion yuan, up 3.3. %. near...

From January to July, 22 regions across the country [Note 1] The profits of industries above designated size reached 1.1107 billion yuan, down 17.3% year-on-year. The decline was 3.9 percentage points lower than that of the first half of the year; among them, the profit in July was 216.5 billion yuan, up 3.3% year-on-year. .
Nearly 70% of the industrial sector's profitability has further improved. From January to July, among the 39 major industrial sectors, the profit growth of 27 industries rebounded or decreased compared with the first half of the year. In July, except for the cultural and educational sporting goods manufacturing industry, all other 38 industries achieved profitability.
The decline in profit of major raw materials industry narrowed. From January to July, the profits of ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry, chemical raw materials and chemical products manufacturing decreased by 77.3%, 63.9% and 17.5%, respectively. The decline was narrower than the first half of 7.7, 2.9 and 1.6 percentage points. Profits from the petroleum processing, coking and nuclear fuel processing industries and the rubber products industry increased by 183.9% and 34.3%.
The efficiency of the equipment manufacturing industry has further improved. From January to July, the profit of instrumentation machinery manufacturing, general equipment manufacturing, special equipment manufacturing, electrical machinery and equipment manufacturing, and transportation equipment manufacturing increased by 2.7%-5.9% year-on-year, except for the increase in profit of special equipment manufacturing industry. In the first half of the year, the growth rate of other industries has accelerated.
The profit of the consumer goods industry maintained a rapid growth. From January to July, the profit growth rate of 10 industries including furniture manufacturing, textile and garment, plastic products, chemical fiber, food manufacturing, and pharmaceutical manufacturing exceeded 10%. Among them, the profits of cultural and sports goods manufacturing and furniture manufacturing grew rapidly. It reached 37.8% and 33.1%. The profit of the tobacco products industry decreased by 8% year-on-year, a decrease of 3.9 percentage points over the first half of the year; the profit of the paper and paper products industry decreased by 11.3%, and the decline narrowed by 4.1 percentage points.
The profitability of most areas has improved. From January to July, profits in 4 of the 22 regions increased year-on-year, and profit growth in 18 regions accelerated or decreased compared with the first half of the year. Among the major industrial provinces, profits in Shandong, Jiangsu, Henan and Zhejiang decreased by 3.7%, 0.9%, 8% and 1.8% respectively. The decline was narrowed to a different extent than in the first half of the year. The profit growth rate in Liaoning decreased by 0.2% from the first half of the year. Turned to a rise of 0.9%.
The increase in accounts receivable increased, and the increase in the proportion of funds occupied by finished products fell. At the end of July, accounts receivable increased by 9.6% year-on-year, 0.5 percentage points higher than the end of June. The capital occupied by finished products increased by 0.4%, down 2.4 percentage points from the end of June.
The loss of the company narrowed and the loss of the loss-making enterprise declined. At the end of July, the loss of industrial enterprises above designated size was 19.2%, which was 0.8 percentage points lower than that at the end of June; the loss of loss-making enterprises changed from a year-on-year increase of 0.4% at the end of June to a decrease of 11.5%.

[Note 1] Refers to 22 regions except Beijing, Inner Mongolia, Hunan, Guangdong, Anhui, Hainan, Chongqing, Yunnan, and Tibet. The data comes from the National Bureau of Statistics or the data processing calculation according to the Statistics Bureau.

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