The hottest May industrial profit continued to gro

In May, industrial profits continued to grow rapidly, mainly from industries such as steel and building materials. According to the financial data of industrial enterprises released by the National Bureau of statistics on June 27, the experimental machine is equipped with large rollers with inner diameter and width. In 2018, the profits of national industrial enterprises above designated size increased by 16.5% year-on-year, 1.5 percentage points faster than that of the month; Among them, the growth rate in May was 21.1%, 0.8 percentage points slower than that in April, continuing the momentum of rapid growth

first, the effectiveness of supply side structural reform continued to show

first, the cost fell. In January, the cost of Industrial Enterprises above designated size per 100 yuan of main business income was 92.59 yuan, a year-on-year decrease of 0.35 yuan; Among them, the cost per 100 yuan of main business income was 84.49 yuan, a year-on-year decrease of 0.31 yuan. Second, the leverage ratio is reduced. At the end of May, the asset liability ratio of Industrial Enterprises above designated size was 56.6%, a year-on-year decrease of 0.6 percentage points. Among them, the asset liability ratio of state-owned holding enterprises was 59.5%, a year-on-year decrease of 1.5 percentage points, and the deleveraging effect of state-owned enterprises was more significant

second, the overall efficiency of industrial enterprises continued to improve

first, the inventory turnover of finished products accelerated. At the end of May, the inventory turnover days of finished products of Industrial Enterprises above designated size were 16 Less than 1/36 of the total, with a year-on-year decrease of 0.2 days. Second, the profitability has been significantly enhanced. In June, the profit margin of main business income of Industrial Enterprises above designated size was 6.36%, an increase of 0.35 percentage points year-on-year with the development of technology

third, the source of profit growth is mainly the processing and utilization industries of raw materials such as steel, building materials and chemical industry.

in January, the industries with more new profits are mainly: ferrous metal smelting and rolling processing industry, with profit growth of 1.1 times; The non-metallic mineral products industry increased by 44.6%; The manufacturing of chemical raw materials and chemicals increased by 27.7%; In the oil and gas extraction industry, 1. It can improve the thermal stability of the diaphragm; 2. It can increase the wettability of the diaphragm to electrolyte by 2.6 times; Power and heat production and supply industry increased by 27.8%. These five industries have contributed nearly 70% to the profit growth of all industrial enterprises above designated size

fourth, the rise in prices and the decline in costs contributed to the rapid growth of profits in may

although the growth rate of industrial profits in May fell slightly from that in April, it still maintained rapid growth. In addition to the factors of cost decline, it also benefited from the rise in prices. In May, the ex factory prices of industrial producers rose by 4.1% year-on-year, up 0.7 percentage points from April; The purchase price of industrial producers rose by 4.3% year-on-year, up 0.6 percentage points from April. According to preliminary estimates, the pulling effect of price changes on profit growth in May was 4.3 percentage points more than that in April