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"The increase in costs caused a deceleration in profit growth"
Recommended reading Lehman's third-quarter loss of $ 3.9 billion stock price record of single-day drop record Xinhua News Agency: macro tone has achieved results The China Securities Regulatory Commission issued four market banned books 6 people were punished by the central government 10 categories 50 kinds of offending investment will be punished Zhongsheng Cereals and Oils Case: Wang Wei Appeared in Court and Appealed to Vanke: Has Reported Investigation of Songshan Lake's Speech Event [30 Years of Reform]: 1988 Price Failed to Frustrate with Disappointment Entrepreneur: Ni Runfeng 2000: 3 Representatives According to statistics, during the first half of the year, the whole country was state-owned The accumulated operating income of the company was 10.290569 trillion yuan, a year-on-year increase of 25.98%, and a profit of 740.935 billion yuan, an increase of only 1.71% year-on-year, an increase of 0.07 percentage points from January to May.
“The increase in cost is an important factor in the deceleration of profit growth.†The Ministry of Finance analyzed yesterday that the cost increase was higher than operating income. In the first half of the year, the operating costs of state-owned enterprises increased by 29.63%, and the financial expenses increased by 26.13%, which was higher than the increase in operating income. The staff of the Operations Department of the Ministry of Finance of the Ministry of Finance said yesterday that in fact, there was a gradual decline in profit growth in 2007, and the situation of not increasing profits this year has become even more apparent.
Gao Huiqing, director of the Development Strategy Division of the Economic Forecasting Department of the National Information Center, said yesterday that this drop in profitability is normal. State-owned enterprises’ profits are mainly attributed to state-owned monopoly industries. Current monopoly industries are facing changes in international energy prices. Domestic macro-control should say that losses in these industries are policy-related losses.
Significant decline in profit in the two major industries In the first half of the year, the cumulative profits of central enterprises totaled 517.154 billion yuan, a year-on-year decrease of 5.77%; and local state-owned enterprises accumulated profits of 223.421 billion yuan, a year-on-year increase of 24.65%. The staff of the Operations Department of the Ministry of Finance said yesterday that the difference in profit between the central SOEs and local state-owned enterprises was mainly due to the decline in profitability of oil, petrochemical, and electric power industries since the beginning of the year. These enterprises are also central enterprises. It is a structural issue.
According to the statistics of the Ministry of Finance, since the beginning of this year, the profits of the petrochemical, petroleum, and nonferrous metals industries have continued to decline. In the first half of the year, they decreased by 79.65%, 16.26% and 17.95% respectively. In addition, the losses of power generation companies continued to increase, and the total losses of the five largest power generation enterprises totaled 8.179 billion yuan, which was a loss of 2.404 billion yuan from January to May. Compared with the profit of 14.828 billion yuan in the same period of last year, the profit decreased by 23.007 billion yuan. In addition, the growth rate of profits for consumer goods in the automotive and building materials industries has also slowed.
In the first half of the year, the profitability of the pet
The oil power industry is facing severe winters, dragging down the overall profitability of state-owned enterprises. Yesterday, the Ministry of Finance announced that state-owned and state-controlled enterprises (hereinafter referred to as state-owned enterprises) have shown no increase in profits in the first half of the year, with a relative increase in operating income of 25.98% and a profit increase of only 1.71%. Li Rongrong, director of the SASAC, published an article at the end of August saying that from 2002 to 2007, the average annual increase in profits of state-owned enterprises reached 33.7%.