abstract
On December 28, 2021, the first financial China high frequency economic activity index (yhei) was 0.90, down 0.01 from a week ago. "Coastal coal freight rate index" continued the downward trend since the beginning of December, decreased by 0.33 in the week ending December 28, and decreased by 1.27 this month. The "30 city commercial housing sales index" rose to 0.94, the highest in the last month.
Recent fluctuations in steel prices, Tangshan billet prices fell by 2.94% in the week ending December 28, fell by 0.69% in the past month and rose by 13.19% this year. Cement and thermal coal prices continued to decline, falling by 1.55% in the week ended December 28, 8.01% in the past month and 20.65% this year. The price of thermal coal has fallen by 3.77% in the past month and has risen by 26.50% this year.
As of the week of December 28, the central bank had invested 260 billion yuan in the open market. The inter-bank overnight interest rate fell 25 basis points in the week ended December 28, 10 basis points in the past month and 13 basis points so far this year. The seven day repo rate rose 90 basis points in the past week, 55 basis points in the past month and 40 basis points in the year.
According to the data recently released by the National Bureau of statistics, from January to November, the total profits of Industrial Enterprises above Designated Size in China were 7975.01 billion yuan, a year-on-year increase of 38.0% and an average increase of 18.9% over the two years. Compared with January to October, the year-on-year growth slowed down by 4.2 percentage points; Compared with January November 2019, the year-on-year growth rate accelerated by 40.1 percentage points. Although the growth rate has slowed down recently, the overall growth rate is still fast. From the perspective of economic benefit indicators, from January to November, the operating revenue profit margin of Industrial Enterprises above designated size was 6.98%, a month on month decrease of 0.03 percentage points and a year-on-year increase of 0.88 percentage points, showing high profitability. At the end of November, the turnover days of finished product inventory was 17.4 days, a year-on-year decrease of 1.1 days; The average recovery period of accounts receivable was 51.7 days, which was 2.7 days shorter than that in the same period last year, and the liquidity of Industrial Enterprises above designated size was strengthened.
From January to November, the difference in cumulative profit growth of Industrial Enterprises above Designated Size in different industries became larger. The total profit of the mining industry was 992.07 billion yuan, a year-on-year increase of 185.7%, 7.5 percentage points faster than that from January to October. The total profit of the manufacturing industry from January to November was 6612.89 billion yuan, a year-on-year increase of 39.0%, which was 4.5 percentage points lower than that from January to October. The profits of power, heat, gas and water production and supply industries are still declining, with a year-on-year decline rate of 28.2% from January to November, 8.5 percentage points faster than that from January to October.
