The profit structure of industrial enterprises improves in 2022
Click:0    DateTime:Jan.28,2023

In 2022, in the face of the severe and complex international environment and the impact of multiple unexpected factors, the effective implementation of the economic stabilization package and follow-up measures, the overall stability of industrial production, and the improvement of enterprise profit structure, mainly showing the following characteristics:

First, the revenue of industrial enterprises kept growing and the profit decreased. In 2022, the industrial economy was generally stable, industrial production and sales continued to grow, and the operating income of industrial enterprises above designated size nationwide increased by 5.9% over the previous year. Affected by multiple factors that exceeded expectations, the profit of industrial enterprises above designated size decreased by 4.0% compared with the previous year due to the high base of the same period of the previous year. 

Second, the proportion of equipment manufacturing profits rose. In 2022, the profit of the equipment manufacturing industry increased 1.7% over the previous year, continuing the growth trend of the previous three quarters; The profit of equipment manufacturing industry accounted for 34.3% of the industry above the designated size, an increase of 2.0 percentage points over the previous year, and the industrial structure of industrial enterprises' profit improved. In terms of industries, the profit of railway, ship, aviation and aerospace transportation equipment industry increased by 44.5% over the previous year, achieving rapid growth.

Third, the profits of most consumer goods industries have improved. As the policy of promoting consumption and expanding domestic demand continues to take effect, market demand has rebounded and the vitality of the consumer goods industry has increased.  

Fourth, the profits of mining industry and electric water industry maintained a high growth rate. In 2022, the profit of mining industry increased by 48.6% over the previous year, and the profit of power, heat, gas and water production and supply industry increased by 41.8%. 

Fifth, the cost pressure of enterprises has been eased. In 2022, the cost per 100 yuan of operating revenue of industrial enterprises above designated size is 84.72 yuan, which is 0.08 yuan and 0.13 yuan lower than that of January to November and the first three quarters respectively. 

Sixth, the growth rate of enterprise inventory continued to decline. At the end of 2022, the inventory of finished products of industrial enterprises above designated size increased by 9.9% over the previous year, and the growth rate fell by 1.5 and 3.9 percentage points respectively from the end of November and the end of the third quarter; The turnover days of finished goods inventory were 17.6 days, 0.6 days and 0.4 days less than the end of November and the end of the third quarter respectively. 

On the whole, although the profits of industrial enterprises declined in 2022, the upstream and downstream structures of industrial enterprises' profits will continue to improve. It should also be noted that there are still many unstable and uncertain factors at home and abroad, the pressure of enterprise operation is still large, and the recovery of industrial enterprises' profits still faces many challenges.