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Home > News > ECHEMI Focus > 2020 chemical raw material and product manufacturing profit growth by 20.9%

2020 chemical raw material and product manufacturing profit growth by 20.9%

ECHEMI 2021-01-28

On January 27, data released by the National Bureau of Statistics showed that the total profit of industrial enterprises above designated size nationwide in 2020 was 645.161 billion yuan, an increase of 4.1% over the previous year. Among them, the total profit of the chemical raw materials and chemical products manufacturing industry was 425.76 billion yuan, a year-on-year increase of 20.9%.

 

Data show that in 2020, the mining industry will achieve a total profit of 355.32 billion yuan, a decrease of 31.5% from the previous year; the manufacturing industry will achieve a total profit of 5579.51 billion yuan, an increase of 7.6%; the electricity, heat, gas and water production and supply industries will achieve a total profit of 5167.8 Billion yuan, an increase of 4.9%.

 

The profit growth is over 60%, and the manufacturing industry has an obvious pulling effect. In terms of industries, in 2020, among 41 major industrial sectors, 26 industries have increased their profits over the previous year. Among them, 15 industries have achieved double-digit profit growth, and the profit growth of the industry is 63.4%.

 

The profit of the main industries is as follows: the total profit of the special equipment manufacturing industry increased by 24.4% over the previous year, the chemical raw material and chemical product manufacturing industry increased by 20.9%, the non-ferrous metal smelting and rolling processing industry increased by 20.3%, and the computer, communication and other electronic equipment manufacturing industry Increased by 17.2%, general equipment manufacturing by 13.0%, textile industry by 7.9%, electrical machinery and equipment manufacturing by 6.0%, agricultural and sideline food processing industry by 5.9%, automobile manufacturing by 4.0%, electricity and heat production and supply The industry increased by 3.4%, the non-metallic mineral products industry increased by 2.7%; the oil and natural gas extraction industry decreased by 83.2%, the petroleum, coal and other fuel processing industry decreased by 26.5%, the coal mining and washing industry decreased by 21.1%, and the ferrous metal smelting and rolling The processing industry fell by 7.5%.

 

Unit costs have continued to decline and profitability has increased. In 2020, the cost per hundred yuan of operating income of industrial enterprises above designated size was 83.89 yuan, a decrease of 0.11 yuan from the previous year. In 2020, the operating income profit rate of industrial enterprises above designated size was 6.08%, an increase of 0.2 percentage points from the previous year; the monthly operating income profit rate has increased year-on-year for eight consecutive months since May.

 

The loss of enterprises has been shrinking quarter by quarter, and the extent of losses has continued to decrease. At the end of 2020, the loss of industrial enterprises above designated size was 17.3%. On a quarterly basis, the amount of loss has shown a trend of "turning from rising to falling, and the rate of decline expanding." The losses of loss-making enterprises in the first and second quarters increased by 42.9% and 13.1% respectively. In the third quarter, the losses fell by 21.4%, and the losses in the fourth quarter further dropped by 33.0%.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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