The profits of the chemical manufacturing industry in the first two months fell year-on-year

Recently, it was learned from the National Bureau of Statistics that from January to February, my country's industrial enterprises above designated size achieved a total profit of 887.21 billion yuan, a year-on-year decrease of 22.9%. Among them, the profits of the oil and natural gas extraction industry increased by 8.6%, and the profits of the chemical raw materials and chemical products manufacturing industry decreased by 56.6%.

Sun Xiao, a statistician from the Industrial Statistics Department of the National Bureau of Statistics, believes that the reasons for the decline in the profits of industrial enterprises are caused by various factors. First, the operating income of the enterprise fell by 1.3%, which was 1 percentage point higher than that in December of the previous year; second, the decline in revenue was greater than the decline in costs, resulting in a decline in corporate gross profit, which pulled down industrial profits by 18.6 percentage points; third, the ex-factory price index of industrial producers ( Affected by the high base in the same period, PPI) fell by 1.1% from January to February, and the rate of decline has expanded compared with December of the previous year, putting greater pressure on corporate profits.

Statistics show that from January to February, among the 41 major industrial sectors, the total profit of 10 industries increased, 1 industry reduced losses, 28 industries declined, and 2 industries turned from profit to loss. Among them, the oil and natural gas mining industry increased by 8.6%, the coal mining and washing industry decreased by 2.3%, the chemical raw material and chemical product manufacturing industry decreased by 56.6%, and the petroleum, coal and other fuel processing industry, ferrous metal smelting and rolling processing industry were all profitable. turned into a loss.

Sun Xiao said that with the gradual recovery of market demand and the improvement of the level of connection between production and sales, the influence of the base effect will weaken, and the profits of industrial enterprises will gradually recover.