First-quarter profits increase 75.8% state-owned enterprises face cost increase pressure

The Ministry of Finance 19th released data show that the first quarter, the national state-owned and state-controlled enterprises accumulated profits of 408.82 billion yuan, an increase of 75.8%.　　Analysts pointed out that the first quarter of the rapid growth of state-owned enterprises mainly due to the low base and macro-economic development last year, and the current enterprise is facing the pressure of rising costs, corporate profit margins will be squeezed.　　Data show that in January-March, the state-owned enterprises accumulated total operating income of 6,510,110,000,000 yuan, an increase of 43.2%, compared with the four quarter of last year, the chain fell 6.4%; Affected by the financial crisis, the first quarter of last year, the state-owned enterprise benefit indicators fell sharply, operating income and profit decline reached 7.6% and 36.8% respectively. "The first quarter of the state-owned enterprises significantly increased performance indicators, mainly in the last year, low base and macroeconomic to good reasons."　　"The Galaxy Securities macro analyst Zhang Xin said to reporters. Although the efficiency of state-owned enterprises is improving from year to year, it is worth noting that the total operating income and profits of the first quarter have declined in varying degrees compared with the four quarter last.　　Zhang that the reason for the fall of the season is mainly two, one is a quarterly holiday more, the enterprise production time is relatively short, the other is that the cost of increase on the enterprise benefit has an impact.　　A brokerage analyst who declined to be named said that as commodity prices rose, corporate cost pressures would emerge and margins would be squeezed. From the industry, in the January-March, oil, petrochemical, automotive and other industries profits continued to increase significantly, coal, transport industry growth has increased, steel, non-ferrous industries and power grid enterprises continue to improve the profitability of power generation enterprises.