From January to February, the revenue from main business of large-scale industrial enterprises in Zhejiang reached 500.57 billion yuan, up 19.5% over the same period of last year; the profits and taxes were respectively 30.7 billion yuan and 19.08 billion yuan, up by 10.3% and 6.7% respectively, Down 18.5 and 30.1 percentage points. Among them, the losses in the whole industry of petroleum processing, coking and nuclear fuel processing amounted to 1.26 billion yuan, furniture manufacturing (-37.0%), non-metallic mineral products industry (-36.2%), cultural and educational sporting goods manufacturing industry (-24.6% , Negative profit growth in industries such as leather, fur, feather products (-22.6%), chemical fiber manufacturing (-8.5%), electricity thermal production and supply (-6.3%).
The main reason for the sharp drop in profits is:
1. International crude oil prices rose sharply. As crude oil prices rose, January-February Zhenhai Refinery and Hangzhou Refinery lost 1.27 billion yuan and 98.26 million yuan respectively. Excluding the impact of these two enterprises, the province's total industrial profits increased by 22.9%. Due to the high price of crude oil, the prices of its downstream products are also affected. The prices of raw materials such as chemical fiber industry have risen sharply, which brings greater cost pressure to the corresponding industries.
2. The impact of natural disasters. As a result of the snowstorms at the beginning of the year, part of the transmission lines were damaged and coal transportation was sluggish, prices rose, which brought some impact on the power production and supply enterprises' production and operation. From January to February, the province's total industrial output value of electricity and heat production and supply increased by 14.6%, down 9.9 percentage points over the same period of last year, and profit dropped. Such as Datang Usha Power Generation, Jiaxing Power Generation, Qinshan Nuclear Power and other large losses. In the meantime, the snowstorm impeded the migrant workers' spring break travel, resulting in the shortage of employment and the slowdown in production after the holiday, which is reflected in some labor-intensive industries. From January to February, the industrial output value of the textile, textile, clothing, shoes and hats manufacturing industry increased by 13.5% and 15.1% respectively as compared with the same period last year, down by 7.3 and 8.3 percentage points over the same period of last year respectively; the profits respectively decreased by 5.3% and 9.1% 12.0 and 9.7 percentage points.
3. Export tax rebates, RMB appreciation, bank loan interest rates and other factors, so that some enterprises increased financial costs. With the national implementation of energy-saving emission reduction policies to increase the intensity of some industries such as cement by the environmental pressure, the production and benefits are subject to some impact.
Except petrochemical, chemical fiber and electric power industries, negative profit growth occurred. Other industries maintained good profitability: chemical raw materials and chemicals (profit: 1.66 billion yuan, up 46.3%), transportation equipment manufacturing (1.610 billion yuan, 43.1%), electrical machinery and equipment manufacturing (1.49 billion yuan and 28.3%), telecommunications equipment, computers and other electronic equipment (1.45 billion yuan and 109.3%), tobacco products (1.14 billion yuan and 20.6%), pharmaceuticals (830 million yuan, 56.4%), plastic products industry (690 million yuan, 20.9%) and non-ferrous metal smelting and rolling industry (510 million yuan, 150.7%).
The profit growth of 11 cities is quite different. Zhoushan (155.8%), Quzhou (55.3%), Jinhua (44.5%), Lishui (43.9%), Shaoxing (25.2%), Jiaxing (21.8%), Huzhou (20.2%) and Hangzhou At the provincial average, the profits of Wenzhou and Taizhou all increased by 5.9% over the same period of last year, while that of Ningbo dropped by 33.4%.
The main reason for the sharp drop in profits is:
1. International crude oil prices rose sharply. As crude oil prices rose, January-February Zhenhai Refinery and Hangzhou Refinery lost 1.27 billion yuan and 98.26 million yuan respectively. Excluding the impact of these two enterprises, the province's total industrial profits increased by 22.9%. Due to the high price of crude oil, the prices of its downstream products are also affected. The prices of raw materials such as chemical fiber industry have risen sharply, which brings greater cost pressure to the corresponding industries.
2. The impact of natural disasters. As a result of the snowstorms at the beginning of the year, part of the transmission lines were damaged and coal transportation was sluggish, prices rose, which brought some impact on the power production and supply enterprises' production and operation. From January to February, the province's total industrial output value of electricity and heat production and supply increased by 14.6%, down 9.9 percentage points over the same period of last year, and profit dropped. Such as Datang Usha Power Generation, Jiaxing Power Generation, Qinshan Nuclear Power and other large losses. In the meantime, the snowstorm impeded the migrant workers' spring break travel, resulting in the shortage of employment and the slowdown in production after the holiday, which is reflected in some labor-intensive industries. From January to February, the industrial output value of the textile, textile, clothing, shoes and hats manufacturing industry increased by 13.5% and 15.1% respectively as compared with the same period last year, down by 7.3 and 8.3 percentage points over the same period of last year respectively; the profits respectively decreased by 5.3% and 9.1% 12.0 and 9.7 percentage points.
3. Export tax rebates, RMB appreciation, bank loan interest rates and other factors, so that some enterprises increased financial costs. With the national implementation of energy-saving emission reduction policies to increase the intensity of some industries such as cement by the environmental pressure, the production and benefits are subject to some impact.
Except petrochemical, chemical fiber and electric power industries, negative profit growth occurred. Other industries maintained good profitability: chemical raw materials and chemicals (profit: 1.66 billion yuan, up 46.3%), transportation equipment manufacturing (1.610 billion yuan, 43.1%), electrical machinery and equipment manufacturing (1.49 billion yuan and 28.3%), telecommunications equipment, computers and other electronic equipment (1.45 billion yuan and 109.3%), tobacco products (1.14 billion yuan and 20.6%), pharmaceuticals (830 million yuan, 56.4%), plastic products industry (690 million yuan, 20.9%) and non-ferrous metal smelting and rolling industry (510 million yuan, 150.7%).
The profit growth of 11 cities is quite different. Zhoushan (155.8%), Quzhou (55.3%), Jinhua (44.5%), Lishui (43.9%), Shaoxing (25.2%), Jiaxing (21.8%), Huzhou (20.2%) and Hangzhou At the provincial average, the profits of Wenzhou and Taizhou all increased by 5.9% over the same period of last year, while that of Ningbo dropped by 33.4%.
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