A few days ago, the spokesperson of the National Bureau of Statistics answered reporters' questions about the operation of the national economy in the first half of 2023.
Among them, a reporter asked: In the first half of the year, the profits of my country's designated industrial enterprises continued to decline by double digits. When will the pressure on designated industrial enterprises improve? What kind of expectations does the National Bureau of Statistics have for the trend in the second half of the year? Thanks.
Fu Linghui:
Thank you for your question. The overall industrial operation is recovering steadily this year, and the development of industry is closely related to the profitability of enterprises. Judging from this year, with the gradual recovery of market demand, various measures to optimize and strengthen the real economy and promote industrial transformation and upgrading have taken effect. The overall industrial production has maintained steady growth, the structure is being optimized, new kinetic energy is gradually growing, and the quality of development is steadily improving. .
First, industrial production is gradually recovering. In the first half of the year, the added value of industrial enterprises above designated size increased by 3.8% year-on-year, 0.8 percentage points faster than that in the first quarter. In the first half of the year, among the 41 major industrial sectors, 26 industries achieved growth, with a growth rate of 63.4%. Among the 620 major industrial products counted, the output of 331 products has increased, with an increase of more than 50%.
Second, the industrial upgrading is steadily advancing. The technology intensity of industrial production continued to increase. In the first half of the year, the added value of the equipment manufacturing industry increased by 6.5% year-on-year, 2.7 percentage points higher than the growth rate of industries above designated size, and contributed 53.9% to the growth of all industries above designated size, which strongly supported industrial production. The added value of the electrical machinery and equipment manufacturing industry and the automobile manufacturing industry increased by 15.7% and 13.1% respectively year-on-year.
Third, the high-end manufacturing industry is growing rapidly. With the improvement of aerospace development, domestically produced large aircraft realize commercial navigation, and the leading role is gradually increasing. In the first half of the year, the added value of the aerospace vehicle and equipment manufacturing industry increased by 22.9% year-on-year. All aspects have strengthened the technological breakthroughs in key areas and key links such as semiconductors, and related production has grown rapidly. In the first half of the year, the manufacturing of special equipment for semiconductor devices, the manufacturing of electronic components and electromechanical assembly equipment increased by 30.9% and 46.5% respectively year-on-year.
Fourth, the green transformation has shown results. The development of the new energy automobile industry is improving, driving the rapid growth of related products. In the first half of the year, the output of new energy vehicles increased by 35% year-on-year, and the output of lithium-ion power batteries, charging piles and other products increased by 46.4% and 53.1% year-on-year respectively. Products related to the clean energy industry grew rapidly. In the first half of the year, the output of photovoltaic cells, wind turbines, and hydroelectric generators increased by 54.5%, 48.1%, and 32.3% year-on-year respectively.
Fifth, the production of new products such as intelligent models and new materials is improving. The production of smart consumer products grew rapidly. In the first half of the year, the manufacturing of smart consumer equipment increased by 12%, of which the manufacturing of smart vehicle equipment and smart unmanned aerial vehicles increased by 36.3% and 12.5% respectively. Increased supply of new materials. In the first half of the year, the output of ultra-clear glass, polysilicon and monocrystalline silicon used in the solar industry was 89.1%, 86.4% and 54.1% respectively.
As for your concern about the profit of industrial enterprises, the continuous recovery of industrial production has laid the foundation for the improvement of corporate profits. From January to May, the profit decline rate of industrial enterprises above designated size narrowed by 1.8 percentage points compared with that from January to April, improving for three consecutive months. Specifically, first, the profits of manufacturing industries such as equipment continued to recover. From January to May, various policies and measures to promote the development of the manufacturing industry took effect. The decline in manufacturing profits narrowed by 3.3 percentage points compared with that in the first four months, which led to a reduction in the decline in profits of industrial enterprises above designated size by 2.5 percentage points, which improved the profits of industrial enterprises. It played an important role. Among them, the profit of the equipment manufacturing industry in May increased by 15.2% year-on-year, maintaining double-digit growth for two consecutive months. Second, the profits of the electrical and water industries have grown rapidly. From January to May, the profits of the production and supply industries of electricity, heat, gas and water increased by 34.8% year-on-year, 0.7 percentage points faster than that from January to April, which continued to drive the growth of industrial enterprises' profits.
The current industrial production is recovering steadily, and the quality of development continues to improve, but the level of industrial production and marketing needs to be further improved. Although there will be certain difficulties in the next stage, as the economic recovery improves, market demand expands, the impetus for innovation and development increases, new kinetic energy grows stronger, and policies and measures to promote industrial development take effect, the foundation for industrial economic recovery will continue to be consolidated, and the growth of industrial enterprises will continue to strengthen. Profitability is expected to continue to improve. Thanks.
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