In the third quarter, the added value of industries above designated size increased by 4.8% year on year -- industrial transformation and upgrading accelerated
2022-11-07
In the third quarter of this year, China's industrial economy recovered significantly. The added value of industries above designated size increased by 4.8% year on year, 4.1 percentage points higher than that in the second quarter, accelerating the recovery, which is the main driving force for the rapid development of the overall economy in the third quarter. From the breakdown data, the growth of high-tech manufacturing industry is good, indicating that the leading role of new drivers is prominent, high-quality development continues to advance, and industrial transformation and upgrading are accelerated. Many experts said that in the fourth quarter, with the continuous release of the effect of the stable growth policy and the accelerated recovery of industries in key regions, the foundation for a better industrial economic recovery will continue to be consolidated and strengthened, and the industrial transformation will continue to be further promoted. The profit structure of the enterprise has been continuously improved. Recently, Weichai Industrial Park in Weifang, Shandong, has been busy. Weichai Power Plant 2 is rushing to make orders for products of high thermal efficiency technology platforms such as WP13H, WP14T and WP15T. Since this year, Weichai has flexibly adjusted its market strategy and made every effort to introduce more competitive high-end new products. In the third quarter, Weichai has achieved steady growth in many subdivided areas. In the first three quarters, the operating income of national industrial enterprises above designated size increased by 8.2% year on year, continuing the trend of rapid growth. In September, the industrial economy accelerated its recovery, and the corporate benefits gradually improved. The decline of industrial enterprise profits narrowed by 6 percentage points compared with the previous month. "The profit decline of industrial enterprises has narrowed for three consecutive months, and the overall situation is gradually improving." Guan Bing, director of the Industrial Economics Research Institute of CCID Research Institute, believes that there are three main reasons: first, industrial production has been gradually repaired, and the industrial added value above designated size increased by 6.3% in September, 2.1 percentage points higher than that in August; Second, the price of upstream raw materials continued to fall, easing the cost pressure of midstream and downstream enterprises; Third, the effect of the stable growth policy continued to release, the output of photovoltaic cells, robots and other products increased rapidly, and the production and sales of new energy vehicles remained high, driving the profits of related enterprises to continue to improve. Among them, the profit of the equipment manufacturing industry has increased from a decline, indicating that the profit structure of industrial enterprises has been constantly improved. In the first three quarters, the profit of the equipment manufacturing industry increased by 0.6% year on year. For the first time since this year, the profit growth of industrial enterprises above designated size has risen 0.8 percentage points compared with the previous eight months. "The rapid recovery of the benefits of the midstream and downstream equipment manufacturing industry is mainly due to the rising demand for photovoltaic equipment, energy storage equipment, ships and other industries, which has driven the growth of income. At the same time, due to the falling price of some bulk commodities such as upstream raw materials and coal, the cost has declined." Zhao Gang, president of Saizhi Industrial Research Institute, said. The improvement of the profit structure of industrial enterprises is also reflected in the accelerated profit growth of SMEs. In the first three quarters, among industrial enterprises above designated size, the profits of private enterprises, foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan were 0.2 and 2.7 percentage points lower than those in the previous August, respectively, while the profits of small and medium-sized enterprises increased by 1.5% year on year, 0.6 percentage points faster. In the factory building where the new kinetic energy is accelerated to cultivate without lights on, the conveyor belt is constantly delivering parts in the air, and one mobile phone is off the line one after another, almost no workers can be seen coming and going. "This factory can produce millions of high-end smartphones a year." Zhou Yi, director of Xiaomi Intelligent Factory, said that thanks to the continuous improvement of intelligent and automatic production lines, Xiaomi Beijing Yizhuang Intelligent Factory was born this year
Edit：Yi Bing Responsible editor：Wei Li Bin
Source：ccdi.gov.cn
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