From January to August, the profit of China's rubber and plastic products industry increased by 11.7% to RMB 123.72 billion.

In August, China's industrial enterprises above designated size achieved a total profit of 534.8 billion yuan, a year-on-year increase of 19.5%, and the growth rate was 8.5 percentage points faster than that in July.

Statistics show that from January to August, China's manufacturing industry achieved a main business income of 646,45.70 billion yuan, a year-on-year increase of 4.5%; total profit reached 365.41 billion yuan, an increase of 14.1%.

Industry situation

From January to August, among the 41 major industrial sectors, the total profit of 33 industries increased year-on-year and 8 decreased.

From January to August, the revenue from the business of rubber and plastic products was 206.22 billion yuan, a year-on-year increase of 5.2%; the profit was 123.72 billion yuan, a year-on-year increase of 11.7%.

From January to August, the main business income of chemical raw materials and chemical products manufacturing was 535.61 billion yuan, a year-on-year increase of 3.9%; the profit was 30.60 billion yuan, a year-on-year increase of 14.0%.

From January to August, the main business income of the automobile manufacturing industry was 4,880.88 billion yuan, a year-on-year increase of 12.3%; the profit was 40.132 billion yuan, a year-on-year increase of 11.0%.

From January to August, the main business income of computer, communication and other electronic equipment manufacturing industry was 595.041 billion yuan, up 7.2% year-on-year; the profit was 266.69 billion yuan, up 19.8% year-on-year.

From January to August, the main business income of the pharmaceutical manufacturing industry was 1,740.56 billion yuan, a year-on-year increase of 10.0%; the profit was 179.10 billion yuan, a year-on-year increase of 13.9%.

From January to August, the revenue from the comprehensive utilization of abandoned resources was 248.55 billion yuan, a year-on-year increase of 6.1%; the profit was 10.76 billion yuan, a year-on-year increase of 0.7%.

Expert interpretation

According to Dr. He Ping from the Industry Department of the National Bureau of Statistics, from January to August, the profits of industrial enterprises above designated size increased by 8.4% year-on-year, and the growth rate was 1.5 percentage points faster than that of January-July. Among them, August's profit increased by 19.5% year-on-year, and the growth rate accelerated by 8.5 percentage points from July, the highest monthly growth rate since this year. The main factors that accelerated the growth of industrial enterprises' profit in August were:

First, China's industrial production and sales growth has accelerated. In August, the added value of China's industrial enterprises above designated size increased by 6.3% year-on-year, and the growth rate was 0.3 percentage points higher than that in July. The income from the main business of industrial enterprises above designated size increased by 4.9% year-on-year, and the growth rate was 0.6 percentage points faster than that in July.

Second, prices continue to rise. In August, the industrial producers' ex-factory price index was 99.2%, which was 0.9 percentage points higher than that in July. The price basically recovered to the same level as last year.

Third, the profit was low during the same period last year. In August last year, the unfavorable factors such as sales slump, price bottoming, rising costs, stock market downturn and exchange loss caused the profits of industrial enterprises to fall by 8.8% year-on-year. The decline was 5.9 percentage points higher than that of July last year. The total profit per month became the bottom of the year. . In August of this year, corporate investment income increased by 0.7% year-on-year, while in July it fell by 33.4% year-on-year; financial expenses decreased by 23.6% year-on-year, a significant increase of 19.6 percentage points from July. If the base period is August 2014, the average growth rate of profits for two years is only 4.4%, which is still slower than the average annual growth rate of 6.2% in industrial production.

The fourth is driven by the automobile, steel and petroleum processing industries. In August, automobile production and sales were booming. In addition, last year's profit was low. The profit of automobile manufacturing industry increased by 43.9% year-on-year, and the growth rate was 24.9 percentage points faster than that in July. The automobile manufacturing industry, ferrous metal smelting and rolling processing industry, petroleum processing coking and nuclear fuel processing industry together boosted the profit growth rate of industrial enterprises above designated size by 3.6 points in July.

In August, the efficiency of China's industrial enterprises continued to show positive changes, and the effects of the policy continued to emerge. The profit growth rate of most industries accelerated or decreased, the profit rate accelerated, the unit cost decreased year-on-year, the loss of loss-making enterprises decreased year-on-year, the inventory of finished products continued to decline, and the asset-liability ratio continued to decrease.

Although the profit growth of Chinese industrial enterprises in August was relatively high, it was largely due to the low profit base in the same period last year. At present, the basis for supporting the rapid growth of corporate profits is still not solid. The internal and external demand is still insufficient. The payback period of enterprise accounts receivable is still long. The traditional industries, especially those with overcapacity, are still difficult to produce and operate. Need to work hard.