(Reporter Zhao Wei) In the first quarter of 2005, the National Development and Reform Commission held a press conference on the economic operation of the industrial and trading industry in April 2005. In the first quarter of this year, China's industrial enterprises realized profits of 276.4 billion yuan, an increase of 17.2%. Among them, the petrochemical industry achieved a profit of 81.9 billion yuan, accounting for 30% of the profits of all industrial companies, and the newly added profits accounted for 62.3% of all new profits. It is the industry with the most new profits.
Zhu Hongren, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, said that in the past two years, the continuous increase in the efficiency of various industrial sectors has changed this year. The profits of the building materials and power industries have dropped significantly, while the profits of the coal, petrochemical, and metallurgical industries have increased by 111. .4%, 44.7% and 23.1%. In the first quarter, the ex-factory price of industrial products rose by 5.6% year-on-year, and the ex-factory price of means of production rose by 7.5%, of which, oil products, coal, and chemical products rose a lot. In addition, at the end of March, the inventory of finished products of industrial enterprises above designated size was 105.6 billion yuan, an increase of 20.3%, an increase of 2.5 percentage points year-on-year. Among them, the coal, metallurgy and petrochemical industries witnessed the largest increase. The absolute value of finished product inventories in these three industries accounted for 20.9% of the total finished product funds of all industrial enterprises.
According to Cao Yushu, deputy secretary-general of the National Development and Reform Commission and spokesman of the press, there are also some problems in the hot industry. For example, the economic operation of the chemical fiber industry is grim this year. Affected by the sharp rise in international oil prices, the chemical fiber industry's output rose by only 3.4% in the first quarter, a year-on-year decline of 25.2%, a 112% drop in profits, and an increase in inventory pressure. He said that the chemical fiber industry should do a good job of overall planning to promote the coordinated development of upstream and downstream enterprises, in particular, accelerate the construction of polyester raw materials and other projects that meet market demands, further increase the production technology level of the chemical fiber industry, and increase market competitiveness.
Zhu Hongren, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, said that in the past two years, the continuous increase in the efficiency of various industrial sectors has changed this year. The profits of the building materials and power industries have dropped significantly, while the profits of the coal, petrochemical, and metallurgical industries have increased by 111. .4%, 44.7% and 23.1%. In the first quarter, the ex-factory price of industrial products rose by 5.6% year-on-year, and the ex-factory price of means of production rose by 7.5%, of which, oil products, coal, and chemical products rose a lot. In addition, at the end of March, the inventory of finished products of industrial enterprises above designated size was 105.6 billion yuan, an increase of 20.3%, an increase of 2.5 percentage points year-on-year. Among them, the coal, metallurgy and petrochemical industries witnessed the largest increase. The absolute value of finished product inventories in these three industries accounted for 20.9% of the total finished product funds of all industrial enterprises.
According to Cao Yushu, deputy secretary-general of the National Development and Reform Commission and spokesman of the press, there are also some problems in the hot industry. For example, the economic operation of the chemical fiber industry is grim this year. Affected by the sharp rise in international oil prices, the chemical fiber industry's output rose by only 3.4% in the first quarter, a year-on-year decline of 25.2%, a 112% drop in profits, and an increase in inventory pressure. He said that the chemical fiber industry should do a good job of overall planning to promote the coordinated development of upstream and downstream enterprises, in particular, accelerate the construction of polyester raw materials and other projects that meet market demands, further increase the production technology level of the chemical fiber industry, and increase market competitiveness.
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