65438+1On October 23rd, the Ministry of Finance announced the economic operation of state-owned enterprises in 20 17 years. In 20 17, the total profit of state-owned enterprises was 2,898.59 billion yuan, a year-on-year increase of 23.5%. From the perspective of industries, industries that lost money in the same period last year, such as steel and nonferrous metals, continued to maintain profits, while the profits of industries such as coal, transportation, petroleum and petrochemical increased substantially year-on-year. On the other hand, the profits of industries such as electric power have fallen sharply year-on-year.
Last year, China's state-owned enterprises realized a total profit of about 2.9 trillion yuan.
In 20 17, the economic operation of state-owned enterprises stabilized and improved. According to the data released by the Ministry of Finance, in 20 17, the total operating income of state-owned enterprises was 5220 149 billion yuan, a year-on-year increase of 13.6%. Among them, the total operating income of central enterprises was 30.81786 million yuan, a year-on-year increase of 12.5%, and the total operating income of local state-owned enterprises was 21383.63 billion yuan, a year-on-year increase of 15.2%.
In February of 20 17, the total profit of state-owned enterprises nationwide was 2,898.59 billion yuan, up by 23.5% year-on-year, the largest increase since 20 1 1 year. According to the reporter's data, from 20 10 to 20 16, the total profits of China's state-owned enterprises increased by 37.9%, 12.8%, -5.8%, 5.9%, 3.4%, -6.7% and1.
"With the continuous advancement of state-owned enterprise reform, the reform dividend began to be released." Li Jin, chief researcher of China Enterprise Research Institute, told the Beijing News reporter that the reform of state-owned enterprises not only strengthened the efforts to slim down and keep fit, but also promoted the merger and reorganization of state-owned enterprises. The former saves costs, while the latter improves operational efficiency, thus further boosting the profits of central enterprises and local state-owned enterprises.
From the perspective of industry profitability, during the period of 20 17 and1-kloc-0/2, industries that lost money in the same period last year, such as steel and nonferrous metals, continued to make profits, while the profits of industries such as coal, transportation, petroleum and petrochemical increased substantially year-on-year.
Some experts have analyzed that the coal, petroleum and petrochemical industries are one of the key industries in the reform of state-owned enterprises, the elimination of excess capacity and the elimination of zombie enterprises. With China's continuous reduction of coal production capacity, China's coal production capacity and output have fallen sharply since 20 17. Some enterprises have a shortage of coal stocks, and the market is in short supply, resulting in soaring coal prices, while the proportion of inferior production capacity of coal central enterprises is not high.
Analysis: Does the rising coal price push up the cost of power enterprises? Profit margins are compressed.
While the profits of the coal industry improved, the profits of the power industry and other industries dropped significantly last year. Li Jin analyzed that because most power companies still rely on coal to generate electricity, the rising coal price has pushed up the cost of power companies, but the price of power companies cannot rise sharply, and the profit margin of power companies is compressed.
In addition to the rising cost of coal-fired power generation, the serious overcapacity of electricity makes it difficult to raise electricity prices, which is also one of the reasons for the year-on-year decline in profits of power companies. Han Xiaoping, chief information officer of China Energy Network, pointed out that in recent two years, China's thermal power investment has grown rapidly, and a number of projects under construction have been put into production one after another, resulting in too many new thermal power installations, while the growth rate of electricity consumption in the whole society can't keep up with the growth of installed capacity, resulting in a serious overcapacity.
In the monthly economic operation of state-owned enterprises, the Ministry of Finance has repeatedly pointed out that the profits of coal and other industries have increased substantially year-on-year, while the profits of electric power and other industries have dropped significantly year-on-year. Some experts said that although the 20 17 financial report of power central enterprises has not yet been published, the operation of power central enterprises may not be optimistic in the context of rising coal prices.
Li Jin believes that in terms of cost reduction, more central enterprises in the future can explore the establishment of a long-term mechanism to reduce costs and increase efficiency, implement refined management, and further control costs. In addition, technological innovation can continuously make up for the technical shortcomings of central enterprises, improve the profitability of enterprises, and give play to the supporting role of central enterprises in the stable growth of the national economy.