In May 27th, the financial data released by the National Bureau of statistics of industrial enterprises, in 2017 1-4 months, above scale industrial enterprises total profit grew 24.4%, the growth rate of more than 1-3 months slowed down 3.9 percentage points; the profit growth of 14% in April.

"Industrial profit growth slowed down, is a reasonable regression after the high growth." Overall, industrial profits are still in good shape, according to Dr He Ping, the industrial Secretary of the National Bureau of statistics.

Accumulated profits to maintain higher growth rate. 1-4 months of above scale industrial enterprises realized a total profit of 2 trillion and 278 billion 30 million yuan, the growth rate of 24.4%, the new profit of 447 billion 300 million yuan, is the highest since the same period in 2012.

The supporting role of consumer goods manufacturing and high-tech manufacturing industry in the growth of profits is increasing." He Ping pointed out that, in April, all the above scale industrial enterprises new profits, consumer goods manufacturing industry accounted for 21.6%, 9.8 percentage points higher than in March; high-tech manufacturing sector accounted for 23.2%, up 19 percentage points. The raw materials manufacturing sector accounted for 22.9%, down 15.2 percentage points over March.

Industrial profits not only to maintain a good momentum of growth, the benefit index of enterprises also continued to improve. First, profit margins rose year on year. April, industrial enterprises main business income, profit margin of 5.79%, an increase of 0.1 percentage points. Secondly, the collection situation continues to improve. By the end of 4, the average recovery period of accounts receivable of Industrial Enterprises above designated size was 38.4 days, a decrease of 1 days compared with the same period of last year, which has decreased since the beginning of this year. Third, the leverage rate continues to decline. By the end of 4, the assets and liabilities ratio of Industrial Enterprises above designated size was 56.2%, down 0.6 percentage points year-on-year. Fourth, product turnover continues to accelerate. By the end of 4, the turnover days of finished products of Industrial Enterprises above designated size were 14.4 days, a decrease of 0.7 days.

For the 1-4 months of this year, industrial profit growth slowed more than in 1-3 months, experts believe that the price factor is directly related to the decline in profit growth and other conditions.

Data show that in April, industrial producer prices rose 6.4%, or 1.2 percentage points lower than in March; industrial producer prices rose 9%, or 1 percentage points lower than in March. He Ping said, this is the product factory price and raw material purchase price to normal regression. Preliminary estimates, the price changes so that industrial enterprises above Designated Size profits increased by about 52 billion 100 million yuan, an increase of about 59 billion 500 million yuan less than in March.

Sub sectors, the steel, automotive and chemical industries such as profit growth slowed significantly. In April, the main production affected by falling prices and slowing sales growth, rising costs and other factors, ferrous metal smelting and rolling processing industry profits fell 7.8%, while in March, an increase of 1.3 times; the automotive industry profits fell 6.7%, while in March, an increase of 18.7%; chemical raw materials and chemical products manufacturing industry profit growth of 13%, an increase of 20.8 percentage points lower than in March; the oil and gas industry added profits 5 billion 450 million yuan, less than in March increased 9 billion 860 million yuan; electricity and heat production and supply industry profits fell 42%, a decline of 14.4 percentage points higher than in March. The total impact of the above five industries, all industrial enterprises above Designated Size profit growth slowed by 10.8 percentage points.

"Maintaining a steady growth in industrial profits requires close attention to two issues," he said." He Ping reminded that, first, the purchase of raw materials prices rose faster than the ex factory price, resulting in the entire industry, especially in the middle and lower reaches of the industry costs rise. In April, the cost of the main business income of the industrial enterprises above designated size was 86.22 yuan, an increase of 0.18 yuan. Two is the financial cost growth accelerated, the enterprise financing cost has the upward pressure. In April, the enterprise financial expenses grew by 4.2%, an increase of 1.2 percentage points higher than in March.