Manufacturing is the foundation of the real economy and the key to the high-quality development of China's economy. In the face of the impact of the current epidemic and the increasing downward pressure on the economy, Guangdong manufacturing listed companies have shown strong resilience, sustained growth in business performance and played the role of "ballast stone". According to the statistics of Guangdong securities regulatory bureau, in the first quarter of 2022, the listed manufacturing companies in the province achieved a total operating income of 1.02 trillion yuan and a net profit of 67.2 billion yuan, an increase of 18.85% and 6.75% respectively year-on-year. Among them, the pharmaceutical, automobile manufacturing and other sub sectors continued the growth momentum in 2021 and achieved new breakthroughs. The manufacturing industry rose against the trend, and the R & D expenses continued to increase For Kodak manufacturing, a listed manufacturing enterprise headquartered in Foshan, the good news in 2022 is one after another: in China, the successful ignition of the intelligent rock plate project has become the benchmark of the ceramic industry in Sichuan Province; Overseas, the whole line project in Indonesia has been successfully put into operation, and the whole overseas intelligent plant is the next city. On April 29, the first quarter report disclosed by the company achieved the best performance in history: the net profit attributable to the parent company was 901million yuan, a year-on-year increase of 372.6%, achieving a "good start" in 2022. The performance of this manufacturing enterprise, which is mainly engaged in building materials, machinery and building ceramics, is a microcosm of the rise of Guangdong manufacturing listed companies against the trend. According to the data of Guangdong securities regulatory bureau, in the first quarter of 2022, listed companies in the pharmaceutical manufacturing industry grew the fastest, achieving a net profit of 8.402 billion yuan, an increase of 69.98% year-on-year; The second is the automobile manufacturing industry, which continued the growth momentum. The operating revenue and net profit reached 103billion yuan and 4.4 billion yuan respectively, with a year-on-year increase of nearly 47% and 35.91% respectively. Among them, the net profit of GAC group in the first quarter reached 3billion yuan, with a year-on-year increase of 27.17%. The manufacturing industry not only continued to play the role of "ballast stone", but also maintained a healthy positive cash flow. According to the annual performance data of 2021, Guangdong manufacturing listed companies achieved an operating revenue of 4.12 trillion yuan and a net profit of 264billion yuan, with year-on-year growth of 23.35% and 29.6% respectively, both higher than the growth rate of Industrial Enterprises above Designated Size in the province. The net cash flow from operating activities of profit-making enterprises was 505.2 billion yuan, an increase of 5.27% and 22.35% respectively compared with 2020 and 2019, and the performance growth was more satisfactory. "Benefiting from Guangdong's continuous acceleration of industrial transformation and upgrading, actively filling the gap, and vigorously developing a number of new industries with broad prospects and higher technology content, the strategic industries such as new energy vehicles and biomedicine, represented by Guangdong, have maintained rapid growth and made outstanding achievements in promoting high-quality economic development." Xufei, chief strategist of Wanlian Securities Research Institute, said. In the unmanned factory of Midea Group, rows of robot arms are waved neatly and operated efficiently; AI technology replaces manual quality inspection. Workers only need remote and easy control. Intelligence and digitalization have become the endogenous driving force of innovation. The 2021 performance report disclosed by the company shows that the annual operating revenue reached 341.233 billion yuan, an increase of 20.2% year-on-year; The net profit reached 28.574 billion yuan, and the R & D investment reached 12.015 billion yuan, accounting for 42% of the net profit. R & D investment drives the improvement of "scientific content" of enterprises. According to the data, in 2021, the five listed companies in Guangdong with the highest R & D expenditure were ZTE, Midea Group, industrial Fulian, BYD and TCL technology, all of which were manufacturing enterprises. According to the data of Guangdong securities regulatory bureau, in 2021, 740 listed companies in Guangdong disclosed that they incurred R & D expenses, with a total R & D expenditure of 210.9 billion yuan, a year-on-year increase of 13.05% and a R & D intensity of 3.07%. Among them, 333 and 123 listed companies with R & D intensity exceeding 5% and 10% respectively, accounting for 45% and 16.62% respectively. According to renzhihong, director of Hong Kong, Macao and Taiwan Research Center of Guangdong Academy of Social Sciences, the good development of Guangdong listed manufacturing companies benefited from the continuous increase of R & D investment and the continuous efforts in basic and cutting-edge fields. "Guangdong wakes up early and gets up early to seize the historical opportunities brought by the digital economy, drive the overall leap of relevant industrial chains, and effectively improve the development quality of the manufacturing industry." Segmentation of industries, significant effect of financial profit giving entities In April this year, Mr. Mou, a small and micro enterprise owner who has been engaged in clothing business in Yuexiu District of Guangzhou for many years, was at a loss. Because his customers were affected by the epidemic and delayed payment, he was unable to transfer funds to accept orders. Until Ping An Bank Guangzhou branch not only applied for 500000 credit loans for small and micro enterprises, but also reduced the interest of more than 6000 yuan, which was a solution to the urgent need. Mr. Mou is just a beneficiary of Guangdong financial listed companies' giving profits to the real economy. It is understood that since this year, Guangdong financial listed companies have implemented measures such as deferred payment, interest reduction and handling charges for specific customer groups affected by the epidemic, so as to reduce the financing costs of epidemic customers. According to the data of Guangzhou Branch of the people's Bank of China, in April, the weighted average interest rate of new small and micro enterprise loans issued by commercial banks within their jurisdiction was 4.02%, a year-on-year decrease of 53 basis points. The profits of listed financial companies in Guangdong also decreased synchronously. According to the data of Guangdong securities regulatory bureau, in the first quarter of 2022, the operating revenue of listed financial companies was 475.9 billion yuan and the net profit was 78.6 billion yuan, down 6.09% and 4.44% respectively year-on-year. "The growth rate of overall revenue and net profit of the 12 listed companies in the financial industry has declined, but the industry has increased its support for the real economy, and the funds have been tilted to small and medium-sized enterprises, agriculture related, epidemic related, green development and other fields, reflecting that the financial industry is accelerating the implementation of the real economy." Xu Fei pointed out in this analysis. Renzhihong also believes that "listed companies in the financial industry have effectively enhanced the supply of financial services to the real economy, while improving the efficiency and quality of financial supply. A number of financial measures have supported the rescue and stable economic growth plans of enterprises affected by the epidemic, especially in reducing the financing costs of small and medium-sized enterprises." In the face of the "late spring cold" of the epidemic, some service industries were directly impacted, and the four listed air transport companies in Guangdong lost 4.8 billion yuan in the first quarter of 2022; The net profit of 25 listed companies in tourism, hotel, film and television, commercial services and other industries was 1.461 billion yuan, a year-on-year decrease of 24.6%. Listed companies are the "barometer" of the economy, while many sub sectors reveal bursts of "warmth". The wholesale and retail businesses affected by the epidemic recovered momentum. In the first quarter of 2022, 23 listed wholesale and retail companies in Guangdong achieved an operating revenue of 110.4 billion yuan and a net profit of 2.5 billion yuan, with a year-on-year increase of 10.14% and 12.34% respectively. The upstream raw material industry is full of "warmth". In the first quarter of 2022, 68 companies in upstream raw materials related industries in the province achieved an operating revenue of 87.2 billion yuan and a net profit of 5.6 billion yuan, with a year-on-year increase of 65% and 426.32% respectively. Taking Zhongjin Lingnan, a leading enterprise in the non-ferrous lead zinc industry, as an example, its operating income in the first quarter of 2022 was 14.731 billion yuan, an increase of 61.77% year-on-year; The net profit reached 333million yuan, a year-on-year increase of 29.58%, a record high. Looking at the listed Guangdong enterprises as a whole, renzhihong pointed out that although the listed companies in transportation, tourism, hotels, film and television business and other services affected by the epidemic have suffered more impact than in the past, the new kinetic energy industries such as new generation communication technology, new energy vehicles, biomedicine and robots have grown rapidly, effectively making up for and offsetting the impact of the decline of the old kinetic energy industries. He believed that with the gradual easing of the epidemic, the joint efforts of strategic emerging industries and traditional pillar industries will effectively ensure the stabilization and recovery of Guangdong's economy. Give play to the role of the main force of "six stabilities" and "six guarantees" Recently, dongmingzhu, the chairman of Gree Electric, a listed company in Guangdong, has aroused widespread concern about his "no layoffs" speech. In fact, under the influence of the epidemic, stabilizing employment is not only a difficult problem for people's livelihood, but also a necessary problem for people's livelihood. In the face of pressure and challenges, listed Guangdong enterprises handed over a bright report card. According to the statistics of Guangdong securities regulatory bureau, in 2021, listed companies in the province had a net increase of 476700 employees, an increase of 295200 over 2020, accounting for 33.97% of the total number of new urban jobs in the province. By the end of the year, Guangdong listed companies had a total of 5559100 employees. Among them, the total number of employees in state-owned enterprises was 1.241 million, a year-on-year increase of 5.84%; The total number of employees in private and other enterprises was 4318100, an increase of 10.44% year-on-year. It is understood that in 2021, there were 9 listed Guangdong enterprises with more than 100000 employees, and the top three were China Ping An, BYD and Tencent precision. In 2022, a large number of enterprises are still expanding their recruitment scale, especially the "excellent students" with strong performance. In terms of the index of giving back to investors - the amount of cash dividends, Guangdong listed companies hit a record high. According to the data of Guangdong securities regulatory bureau, by the end of April 2022, 532 listed companies in the province had implemented or disclosed the cash dividend plan for 2021. The total amount of dividends is expected to be 274.3 billion yuan. The number of dividend companies and the total amount of dividends increased by 4.11% and 7.21% respectively compared with the previous year, both reaching a new record; The average net profit dividend ratio reached 40.53%, of which 21 companies are expected to have a dividend ratio of more than 50%. Renzhihong pointed out that the number of Listed Companies in Guangdong ranks first in China, and most of the listed companies are industry leaders or core enterprises, which has a stronger multiplier effect on the "six stabilities" and "six guarantees". Next, Guangdong should take promoting the stable and efficient operation of the capital market as its own responsibility, give full play to the supporting role of the capital market to the real economy, and realize the stable operation of the industrial chain and supply chain through the leading and core enterprises. (Xinhua News Agency)