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Dr. He Ping of CSB group explains the profit data of industrial enterprises in 1-2 2018.

The financial data of industrial enterprises issued by CSB Long Sheng plastic bearing in March 27th showed that in the month of 2018, the profits of Industrial Enterprises above the scale of the country increased by 16.1% year on year, 5.3 percentage points faster than that in December 2017, and the rapid growth momentum was maintained.


First, industrial income is going well and business profit growth is accelerating.


In the month of 1-2, the industrial added value above the scale increased by 7.2% in actual period, 1 percentage points faster than in December of last year; the main business income of industrial enterprises increased by 10%, and the increase speed was 1.2 percentage points faster than that of the previous year in December. The growth of industrial production and sales has accelerated, which has offset the reduction factor of industrial product price increase and accelerated the increase of industrial profit than in December of last year.


Profit growth accelerated the growth of industry: non-metallic mineral products industry profits increased by 56.8%, oil, coal and other fuel processing industry increased by 17.6%, oil and gas production increased by 1.38 times, electricity, thermal production and supply industry increased by 38.3%, the pharmaceutical manufacturing industry increased by 37.3%. The total profits of the five industries are increasing by 8.4 percentage points.


Two, the profitability of enterprises is enhanced, and the efficiency of asset utilization is improved.


While the profits of industrial enterprises keep increasing rapidly, the quality of operation continues to improve.


Profitability continues to increase. In the 1-2 month, the profit and profit ratio of Industrial Enterprises above designated size was 6.1%, up 0.33 percentage points over the same period last year.


The efficiency of capital continues to improve. At the end of 2, the inventory turnover of Industrial Enterprises above the scale was 17.4 days, 0.2 days decreased compared to the same period, and the average recovery period of accounts receivable was 47.4 days, and 0.2 days was reduced compared to the same period.


Three, supply side structural reform continues to push forward, and leverage and reduce costs continue to show.


The leverage rate continues to decline. At the end of 2, the asset liability ratio of Industrial Enterprises above designated size was 56.3%, down 0.8 percentage points compared with the same period last year. Among them, the asset liability ratio of state holding enterprises is 59.6%, which is 1.4 percentage points lower than that of the previous year.


The cost continues to decrease. In the month of 1-2, the cost of the business income per 100 yuan of the industrial enterprises above the scale was 92.4 yuan, which was 0.27 yuan down from the same period, and the cost of the main business income per 100 yuan was 83.98 yuan, and 0.33 yuan was reduced over the same period.


As a whole, with the deepening of the structural reform of the supply side, the operation of industrial economy has shown positive changes, and the industrial income keeps a good growth trend, and the business benefit starts well.



Zhejiang CSB Plastic Bearing Technology Co.,Ltd