According to data released by the National Bureau of Statistics, GDP in the first half of this year was 45.6614 billion yuan, a year-on-year decrease of 1.6%. In terms of quarters, the first quarter fell by 6.8% year-on-year, and the second quarter turned from negative to positive, with a year-on-year increase of 3.2%.
In terms of provinces, among the 31 provinces in the first half of the year, the GDP growth rate rebounded significantly compared with the first quarter. Among them, the GDP of 16 provinces achieved positive growth, and the GDP of 15 provinces still declined year-on-year, but the decline narrowed.
In the first half of the year, the operating income of industrial enterprises above designated size was 46.31 trillion yuan, a year-on-year decrease of 5.2%; the total profit was 2,511.49 billion yuan, a year-on-year decrease of 12.8%, and the decline rate was 6.5 percentage points narrower than that from January to May; operating income profit The rate was 5.42%, a year-on-year decrease of 0.48 percentage points.
Among the 41 major industrial categories, the total profit of 9 industries increased year-on-year, 1 industry was flat, and 31 industries decreased.
In the first half of this year, the profit growth rate of industrial enterprises showed a trend of “lower first and higher later, and from falling to rising”. In terms of quarters, the profits of industrial enterprises increased by 4.8% year-on-year in the second quarter, and fell by 36.7% in the first quarter. Especially in May and June, profits increased by 6.0% and 11.5% respectively, and the growth rate accelerated month by month.
Among them, the total profit of the chemical raw material and chemical product manufacturing industry was 136.46 billion yuan, a decrease of 32.2%; the petroleum, coal and other fuel processing industries turned from profit to loss in the same period.
Shandong Province announced in late July that with the clearance of backward production capacity and the improvement of traditional kinetic energy, Shandong has passed the most difficult period of the epidemic and entered a normal development track. The province’s industrial added value has been growing for four consecutive months since March, and the chemical output value has also ended the sharp decline since last year. In the first half of this year, the added value of chemical raw materials and chemical products manufacturing in the province increased by 1.5% year-on-year. In the first half of the year, the prices of industrial products in Shandong Province rebounded significantly. Among the 27 chemical products under key monitoring, the prices of 21 rose month-on-month, accounting for 78%. The refining and chemical industry has basically completed the digestion of high-priced crude oil in the early stage, and the industry’s profits have generally recovered. The operating rate of refining and chemical enterprises in the province and the primary processing and production load of crude oil are both around 90%.
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