The profit of the chemical raw materials and chemical products manufacturing industry increased by 13% in April

According to the financial data of industrial enterprises released by the National Bureau of Statistics on May 27, 2017, the total profits of industrial enterprises above designated size increased by 24.
4% year-on-year from January to April 2017, and the growth rate slowed by 3.
9 percentage points from January to March
.
Profits in April increased by 14%.
Among them, the profit of chemical raw materials and chemical products manufacturing industry increased by 13%, which was 20.
8 percentage points lower than that in March
.
??? 1.
Industrial profits continue to maintain a good growth trend?? The slowdown in industrial profit growth is a reasonable return after the previous high growth
.
On the whole, industrial profits still maintain a good growth momentum
.
?? First, the profit growth rate of the month was higher than the level of recent years
.
From 2012 to 2016, the profits of industrial enterprises above designated size increased by 5.
3%, 12.
2%, 3.
3%, -2.
3%, and 8.
5%, respectively.
The annual growth rate was lower than the growth level in April this year
.
?? ?? The second is to maintain a relatively high growth rate of accumulated profits
.
From January to April, industrial enterprises above designated size achieved a total profit of 227.
83 billion yuan, a growth rate of 24.
4%, and an additional profit of 447.
3 billion yuan, the highest value in the same period since 2012
.
?? ?? Second, the supporting role of consumer goods and high-tech manufacturing has increased, and the profitability of enterprises continues to improve?? ?? Industrial profits not only maintain a good growth momentum, but also the various performance indicators of the company continue to improve
.
?? ?? First, the supporting role of consumer goods manufacturing and high-tech manufacturing to profit growth has increased
.
In April, among all newly-increased profits of industrial enterprises above designated size, consumer goods manufacturing accounted for 21.
6%, an increase of 9.
8 percentage points from March; high-tech manufacturing accounted for 23.
2%, an increase of 19 percentage points
.
The raw material manufacturing industry accounted for 22.
9%, down 15.
2 percentage points from March
.
?? ?? Second, the profit margin increased year-on-year
.
In April, the profit margin of industrial enterprises' main business income was 5.
79%, an increase of 0.
1 percentage point year-on-year
.
?? ?? Third, the collection situation continues to improve
.
At the end of April, the average payback period for accounts receivable of industrial enterprises above designated size was 38.
4 days, a decrease of one day year-on-year, continuing the trend of year-on-year decrease since the beginning of the year
.
?? ?? Fourth, the leverage ratio continues to decline
.
At the end of April, the asset-liability ratio of industrial enterprises above designated size was 56.
2%, a year-on-year decrease of 0.
6 percentage point
.
?? ?? Fifth, product turnover continues to accelerate
.
At the end of April, the turnover days of finished products of industrial enterprises above designated size were 14.
4 days, a decrease of 0.
7 days compared with the same period last year
.
?? ?? Third, the contribution of price factors to profit growth has decreased?? ?? First, the ex-factory prices of products and the purchase prices of raw materials have returned to normal
.
In April, factory prices for industrial producers rose 6.
4% year-on-year, 1.
2 percentage points lower than that in March; purchasing prices for industrial producers rose 9% year-on-year, 1 percentage point lower than March, and price levels tended to be normal
.
Preliminary calculations show that price changes have increased the profits of industrial enterprises above designated size by about 52.
1 billion yuan year-on-year, which is about 59.
5 billion yuan less than in March
.
?? ?? Secondly, in terms of different industries, the profit growth of the steel, automobile and chemical industries has slowed down significantly
.
In April, mainly affected by various factors such as the decline in price growth, the slowdown in production and sales growth, and rising costs, the profit of the ferrous metal smelting and rolling processing industry fell by 7.
8% year-on-year, while it increased by 1.
3 times in March; the profit of the automobile manufacturing industry fell by 6.
7 %, compared with an increase of 18.
7% in March; the profit of the chemical raw materials and chemical products manufacturing industry increased by 13%, an increase of 20.
8 percentage points lower than that in March; the newly increased profit of the oil and natural gas extraction industry was 5.
45 billion yuan, an increase of 9.
86 billion yuan less than that in March Yuan; The profit of the power and heating power production and supply industry fell by 42% year-on-year, and the decline was 14.
4 percentage points larger than that in March
.
The five industries mentioned above affect the profit growth of all industrial enterprises above designated size to slow down by 10.
8 percentage points
.
?? ?? At present, in order to maintain the steady growth of industrial profits, it is necessary to pay close attention to the following issues: First, the purchase price of raw materials has risen faster than the ex-factory price of products, which has led to an increase in the cost of the entire industry, especially the middle and downstream industries.

.
In April, the cost per hundred yuan of main business income of industrial enterprises above designated size was 86.
22 yuan, a year-on-year increase of 0.
18 yuan
.
Second, the growth of financial expenses is accelerating, and there is upward pressure on corporate financing costs
.
In April, corporate financial expenses increased by 4.
2% year-on-year, an increase of 1.
2 percentage points faster than in March
.