From January to April, the total profit of paper and paper products industry fell by 51.6% year-on-year
On May 27th，the National Bureau of Statistics released the profits of industrial enterprises above designated size in 2023 from January to April. Data showed that industrial enterprises above designated size in the country achieved a total profit of 2,032.88 billion from January to April, down 20.6 percent year on year.
In April, industrial production continued to recover, enterprise revenue growth accelerated, profit decline continued to narrow, industrial enterprise benefits presented the following main characteristics:
First, the revenue growth of industrial enterprises accelerated in the month. As normal economic and social operations resumed across the board, industrial production continued to recover, production and marketing improved, and corporate revenue growth accelerated. In April, the operating revenue of industrial enterprises above designated size rose 3.7 percent year on year, 3.1 percentage points faster than that in March. In the month of revenue improvement led by industrial enterprises from a decline to an increase in cumulative revenue. From January to April, the operating revenue of regular industrial enterprises increased by 0.5% year on year, compared with a 0.5% decline in the first quarter.
Second, the decline in corporate profits continued to narrow. In April, the profits of industrial enterprises above designated size fell 18.2 per cent year on year, 1.0 percentage points narrower than that in March and two consecutive months of decline. Earnings improved in most sectors. Among the 41 industrial categories, the profit growth rate of 23 industries accelerated or decreased from March to increase, accounting for 56.1%. A few industries drop down industrial profit growth is obvious. In April, the profits of the chemical and coal mining industries fell by 63.1 percent and 35.7 percent respectively, dragging down the growth rate of industrial profits by 14.3 percentage points, due to the sharp drop in product prices and other factors.
On the whole, the performance of industrial enterprises continues to recover. However, it must be noted that the international environment is grim and complex, and the lack of demand is obviously restricted. Industrial enterprises face more difficulties in sustained profit recovery. Going forward, we will work hard to restore and expand demand, further improve the linkage between production and sales, continue to boost the confidence of business entities, and combine the effectiveness of policies with the vitality of business entities to promote a sustained recovery of the industrial economy.
Post time: Jun-07-2023