The National Bureau of Statistics: 2016 Industrial Enterprises Above Designated Size Efficiency Improved Significantly

The national bureau of statistics released by the industrial enterprise financial data show that in December 2016 industrial enterprises above designated size profit year-on-year growth of 2.3% in our country, the growth rate than fell 12.2% in November. However, from the full year 2016, rules on industrial enterprises profits up by 8.5% over the previous year, the enterprise benefit is improved obviously.

"Local and short-term factors interweave, led to the industrial enterprise profit growth fell back in December." National bureau of statistics, industry analysis, said Dr SiHePing from local factors, in December, a few big companies for product structure adjustment, provision for impairment loss of assets restructuring, investment income volatility, etc., markedly reduced profits.

In December, according to data, computer communications, and other electronic equipment manufacturing industry profits fell 10.5% year-on-year, while in November increase of 45.4%. Chemical raw materials and chemical products manufacturing industry profits fell by 13.9%, and rose 17.3% in November. Special equipment manufacturing fell by 6.3%, and 17.9% in November. All these three industries influence industrial enterprises above designated size profit growth fell by 7.1%.

From the short-term factors affected by the price fluctuation of crude oil and refined products, oil processing and coking and nuclear fuel processing industry profits in December year-on-year growth of 18.1%, 144.6% growth rate dropped sharply in November, pulled down industrial enterprises above designated size profit growth of 1.9%.

The author understands, compared with 2015, 2016 industrial enterprises efficiency is obviously improved. Among them, 2016, speeding up industrial enterprises above designated size sales growth, main business revenue growth of 4.9% over the previous year, the growth speed up by 4.1% over the previous year; Corporate profit growth, reversing a profit decline in 2015 (2.3%); Enterprise main business profit margin of 5.97%, an increase of 0.19% over the previous year.

Divisions, the mining industry profits decline narrowed, the equipment manufacturing industry, high technology manufacturing profit growth. In 2016, the mining industry profits fell by 27.5% over the previous year, decline narrowed by 30.7% over the previous year; The equipment manufacturing industry profit growth of 8.4%, growth 8.4%; High technology manufacturing industry profit growth of 14.8%, 5.9% growth.

In addition, as the structural reforms to boost the supply side, positive progress was made in key areas of industrial reform tasks. At the end of 2016, the industrial enterprises above designated size of finished goods inventory growth of 3.2% over the previous year, growth is down 0.1% from the previous year; Finished goods inventory turnover days was 13.8 days, 0.4 days less than last year; Enterprise asset ratio was 55.8%, down by 0.4% over the previous year. In 2016, the industrial enterprises above designated size per one hundred yuan of cost of main business income is 85.52 yuan, 0.1 yuan lower than last year.

"Although the 2016 industrial enterprises efficiency improved, but the profits with the previous year decline in formation of the lower base has a certain relationship, average profit growth of less than two years production growth." He Pingshui, at present the international and domestic economic environment is complex, the industrial economy to the good foundation is not solid, unreasonable demand structure, the high cost of collection, is still a drag on corporate earnings. So, to continue to deepen the reform of the supply side structural, promote industrial structure upgrade, speed up the economic growth of savings into the new kinetic energy, to further consolidate the profitability of good posture.