China ’s total profit for industrial enterprises above designated size from January to NovemberEssenceThis is the fifth consecutive month of the cumulative indicator, and the decline has expanded compared to the previous value.
Economists interviewed by the interviewed that the profit of industrial enterprises continued to decline was not surprising. Core issues were still insufficient domestic demand and weak demand.There are both reasons for the impact of this round of epidemic, as well as the factors of China's overall economic downturn for several years, including the impact of the income of residents during the epidemic.
China National Bureau of Statistics also announced on Tuesday (December 27) that operating income from January to November increased by 6.7%year -on -year, and the growth rate also slowed down from 7.6%from January to October.Among them, the profit of the steel and petroleum processing industry has decreased significantly year -on -year. Due to the high profit of the same period of profit, the two key enterprises of vaccine companies have decreased significantly year -on -year.
Wang Jun, chief economist of Huatai Assets Wang Jun, said in an interview with Lianhe Morning Post that after the number of producers (PPI), which reflects the highest correlation of industrial enterprises, will be foreseeable after declined continuously.
He said that when the cost of corporate unchanged, if the factory price falls, the profit will definitely decrease accordingly, and the trend of the price index foreshadow the changing trend of corporate profits.
China National Bureau of Statistics announced on December 9th that PPIs in November this year decreased by 1.3%year -on -year, and the decrease was the same as in October. In October, PPI was the first year -on -year decline in December 2020.
The profit of industrial enterprises above designated size decreased by 3.0%year -on -year from January to October this year.From January to July this year, the indicator decreased by 1.1%year -on -year, the first decline since October 2020, and then from January to August, January to September, respectively 2.1%and 2.3%, respectively.
Wang Jun said, especially in the past one or two months, the large -scale infection of the crown disease has limited the consumption power of residents, and at the same time, it has also had a great impact on the production side.It was affected by the epidemic, and the 'triple pressure' is superimposed. In the end, the profit growth of (industrial enterprises) has a negative growth rate, which is not surprising. "
At the Central Economic Work Conference held in December last year, the Chinese economy first mentioned the "triple pressure", including demand contraction, insufficient supply and expected weakness.
Wang Jun said that with the liberalization of the epidemic control, subsequent consumption will gradually recover.According to the law, he may usher in the change of supply and demand in the second quarter of next year, that is, demand will gradually become strong, and the profit of enterprises will gradually improve.
