The benefits of the hottest coal and steel industr

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The efficiency of the coal and steel industry improved, and the profit growth rate of state-owned holding enterprises soared to 34.2%

data released by the National Bureau of statistics showed that there was a significant differentiation between state-owned enterprises and non-state-owned enterprises. In June, the profit of state-owned enterprises increased by 44.2%, including 34.2% in July, 13.5 percentage points higher than that in June, forming a clear contrast with the industry as a whole and non-state-owned enterprises. Among them, the profit of central enterprises increased by 8.5% year-on-year, reversing the 6.5% year-on-year decline in June.

the profit of non-state-owned enterprises increased by 14.3% compared with the loss of steel enterprises above the national level, down 3.3 percentage points from the previous value

from 2014 to 2015, the profit growth rate of state-owned enterprises was significantly lower than that of non-state-owned enterprises; Since the middle of 2016, with the boost of capacity reduction and environmental protection pressure, bulk prices have rebounded rapidly, and the profits of state-owned enterprises have also remained relatively high

Niu Bokun, a macro analyst at Huachuang securities, said that considering that the profit margin of state-owned enterprises was significantly lower than that of non-state-owned enterprises from 2014 to 2015, the rapid recovery of state-owned enterprises' profits from the middle of 2016 to now can be understood as a reasonable repair of the profit pattern. But now, firmly focusing on the major needs of national economic and social development, from the perspectives of profit margin, enterprise replenishment and price transmission, the profit distribution pattern has returned to a reasonable range, It is difficult for the backbone of bulk prices to rise significantly. State owned enterprises and non-state-owned enterprises lisolway will first show leading solutions for the fields of seals, bearings and oil pumps, and the growth rate should converge

release from the trend; The samples rejected by the near-infrared model were taken back to the laboratory to see that the profit growth rate of state-owned enterprises in the current month began to fluctuate and fall after climbing to a high of 48.9% in September 2016. The profit growth gap between state-owned enterprises and non-state-owned enterprises has tended to converge. Until recently, bulk prices have resumed rising, making the trend of the two deviate again

lihuiyong, chief Macro Analyst of Shenwan Hongyuan, said that the profit growth rate of state-owned enterprises rose sharply in July, mainly due to the obvious improvement in the benefits of industries such as oil processing, coal and steel. In the process of supply side reform, resources are increasingly concentrated in the leading state-owned enterprises

he believes that attention should be paid to the improvement of market concentration brought about by the supply side reform and the repair of profits and balance sheets of advantageous enterprises. In addition to coal and steel, attention should also be paid to non-ferrous metals, chemical industry, shipping and other fields that may replicate the results of the supply side reform

data display,. At the end of July, the asset liability ratio of Industrial Enterprises above designated size was 55.8%, a year-on-year decrease of 0.7 percentage points. Among them, the asset liability ratio of state-owned holding enterprises was 61.1%, a year-on-year decrease of 0.5 percentage points

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