Beijing, May 27 (Xinhua) — The National Bureau of Statistics released industrial enterprise profit data for April today. In this regard, Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, carried out an understanding.

With the gradual implementation of various policies and measures to coordinate epidemic prevention and control and economic and social development, economic and social order has been further restored, REU615E_D production and sales of industrial enterprises have accelerated, and profits have improved significantly. In April, the decline in profits of industrial enterprises has narrowed significantly. However, from January to April, the decline in industrial profits is still obvious, and the corporate profit situation is still not optimistic.

In April, the total profits of industrial enterprises above designated size reached 478.14 billion yuan, down 4.3 percent year on year and 30.6 percentage points narrower than that in March. The main situations are as follows:

First, the growth rate of production and sales has changed from negative to positive. In April, the value-added of industrial enterprises above designated size increased by 3.9 per cent year-on-year in real terms, compared with a 1.1 per cent decline in March. Operating income of industrial enterprises rose 5.1 per cent from a year earlier, after falling 11.1 per cent in March. The benefits of scale expansion have shown.

Second, 80% of the industry profits improved, and more than half of the industry profits increased. In April, among the 41 industrial categories, the profit growth rate of 33 industries accelerated or narrowed than that of March, and the profit growth of 23 industries increased, 15 more than that of March. For example, instrumentation, general equipment, food manufacturing, and metal products industries, profits in April increased by 60.4%, 39.4%, 30.6% and 17.8%, respectively, and profits in March fell by 15.1%, 22.1%, 16.4% and 25.1%, respectively.

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Third, key industries such as automobiles, special equipment, electrical machinery, and electronics have improved significantly. In April, the resumption of work and production continued to promote, the effect of relevant support policies continued to appear, the market demand for automobiles, special equipment, electrical machinery, electronics and other industries significantly improved, the order volume gradually increased, and profits significantly recovered. In April, auto industry profits rose 29.5 per cent from a year earlier, after falling 80.4 per cent in March. Special equipment industry profits up 87.5%, in March fell 20.5%; Electrical machinery profits rose 33.9 per cent, compared with a 28.6 per cent decline in March. The profit of the electronics industry increased by 85.1%, the growth rate was 65.6 percentage points faster than that of March. The above four industries together affected the profit growth of all industrial enterprises above designated size by 19.7 percentage points compared with March.

REU615E_D Fourth, profits in high-tech manufacturing and new industrial warfare industries rebounded sharply. In April, the profits of high-tech manufacturing industry increased by 55.7% year on year, a significant increase of 55.2 percentage points over March. The profit of industrial strategic emerging industries increased by 38.8% in April from a decline of 9.1% in March.

In addition, the apparent improvement in profits in April was partly related to the sharp increase in investment income in the month and the low base for the same period.

It should be noted that although the profit situation of industrial enterprises above scale has improved significantly in April, affected by multiple factors such as market demand has not yet fully recovered, industrial product prices continue to fall, and cost pressure is still large, the cumulative profit of industrial enterprises is still a large decline, and the profit situation is not optimistic. In the next stage, we must continue to thoroughly implement the decisions and deployments of the Party Central Committee and The State Council, actively implement various policies to assist enterprises while grasping the normal epidemic prevention and control, stabilize the basic economic index, and promote the recovery of the industrial economy.