Growth trend of China's paper and packaging industry from January to August 2022

From January to August 2022, the total profit of China's papermaking and paper product packaging industry was 3.285 billion yuan, a year-on-year decrease of 31.3%

Recently, the website of the National Bureau of Statistics of China released the profits of industrial enterprises above designated size from January to August 2022. During the same period, Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, interpreted the data.

Data show that from January to August, the total profits of industrial enterprises above designated size nationwide were US$1.53 trillion, a year-on-year decrease of 2.1%.

From January to August, among the 41 major industrial sectors, the total profit of 16 industries increased year-on-year, and 25 industries declined.

At the end of August, the assets of industrial enterprises above designated size totaled 150.99 trillion yuan, a year-on-year increase of 9.6%; the total liabilities were 85.76 trillion yuan, an increase of 10.0%; the total owner's equity was 65.23 trillion yuan, an increase of 9.2%; the asset-liability ratio was 56.8%. A year-on-year increase of 0.2 percentage points.

From January to August, the cost per 100 yuan of operating income of industrial enterprises above designated size was 8.63 yuan, a year-on-year increase of 0.6 US dollars; the cost per 100 yuan of operating income was 7.91 US dollars, a year-on-year decrease of 0.51 US dollars.

At the end of August, the operating income per 100 US dollars of assets of industrial enterprises above designated size was US$89.9, a year-on-year decrease of US$1.4; the per capita operating income was US$1.762 million, an increase of US$153,000 year-on-year; the inventory turnover days of finished products was 18.3 days, an increase of 0.8 year-on-year. days; the average collection period of accounts receivable was 54.4 days, an increase of 2.9 days year-on-year.

The changes in profits of Chinese industrial enterprises from January to August show the following main characteristics:

First, the revenue of industrial enterprises maintained growth and the profit structure improved. With the decline in the price increase of some bulk commodities, the upstream and downstream profit structure of industrial enterprises has improved significantly, the decline in the profit of equipment manufacturing industry has narrowed for 4 consecutive months, and the profit of the power industry has continued to rebound. From August, among the 41 major industrial sectors, 27 industries saw faster or narrower profit growth compared with the previous month, from a decline to an increase, accounting for over 60% of the total, most of which were mid- and downstream industries.

Second, the decline in profits of equipment manufacturing industry narrowed significantly, and the proportion of profits increased. With the further smoothness of the industrial chain and supply chain, the profit growth of the equipment manufacturing industry has recovered significantly. From January to August, the profit of equipment manufacturing industry decreased by 2.0% year-on-year, 3.7 percentage points lower than that from January to July.

Third, the profit of the power industry has improved significantly. The continuous recovery of industrial production and the impact of high temperature weather have led to strong demand for electricity, and the growth rate of power generation has accelerated month by month and reached the highest level in recent years, driving the rapid recovery of profits in the power industry. In August, the profit of the power industry increased by 1.58 times year-on-year, and the growth rate was 111.8 percentage points higher than that of the previous month.

Fourth, the profitability of consumer goods manufacturing industry has improved. With the continuous release of the effects of consumption-promoting policies, market demand has rebounded, and profits of most consumer goods industries have improved. In August, the year-on-year decline in the profits of the consumer goods manufacturing industry narrowed significantly compared with the previous month, and the profitability situation improved.

Fifth, the monthly profits of foreign-funded enterprises have changed from falling to rising, and the decline in profits of small and micro enterprises has narrowed. In August, among the industrial enterprises above designated size, the revenue growth of foreign-invested enterprises accelerated, and their profits turned from a year-on-year decline in the previous month to an increase of 6.0%; the profits of small and micro enterprises fell by 4.1% year-on-year, the decline narrowed compared with the previous month, and profits recovered. better than all industries.