The cumulative growth rate of total profit in the hardware industry has dropped

Abstract Recently, China Light Industry Information Center revealed that in the first eight months of this year, the total profit of China's hardware industry has increased by 13% year-on-year, which is nearly 1 percentage point lower than the cumulative growth rate of the previous seven months. In August, the total profit of China's hardware industry increased by nearly 8% year-on-year, although...
Recently, China Light Industry Information Center revealed that in the first eight months of this year, the total profit of China's hardware industry has increased by 13% year-on-year, which is nearly 1 percentage point lower than the cumulative growth rate of the previous seven months. In August, the total profit of China's hardware industry increased by nearly 8% year-on-year. Although the total profit increased from last month, the growth rate dropped significantly.
In February 2014, China's hardware industry profit sentiment index continued its downward trend from the fourth quarter of 2013. The value of the prosperity index is close to the boundary line of the “gradually cold” region. In March, the value of the profit boom index rebounded significantly. The highest value since 2014. In the following months, the prosperity index gradually fell back in the volatility, and fell again in August, once again approaching the boundary line of the “gradually cold” region.
In the first 8 months, from the perspective of the type of business registration, the main profit of the Chinese hardware industry comes from domestic-funded enterprises, and its profit growth rate is relatively high, exceeding the average of the industry growth rate. The total accumulated profits of domestic-funded enterprises increased by 16% year-on-year; the total accumulated profits of foreign-invested enterprises increased by -1.46% year-on-year; the total accumulated profits of Hong Kong, Macao and Taiwanese investment enterprises increased by 13% year-on-year.
In terms of industries, the total profit of China's enamel products manufacturing is still the fastest growing year-on-year, and the growth rate is much higher than other industries. In the first eight months of 2014, the total accumulated profits of construction and safety metal products manufacturing increased by 11% year-on-year; the total accumulated profit of metal daily-use manufacturing increased by 17%; the cumulative total profit of hand tools, agricultural gardens and daily-use metal tools increased year-on-year. 16%; total accumulated profit of enamel products manufacturing increased by 52% year-on-year.
In addition, in the first 8 months, the production areas with higher profits in the hardware industry in the country are mainly Guangdong, Shandong, Zhejiang, Jiangsu, Hebei, Henan, Shanghai, Fujian, Hubei, and Liaoning. The total profit of the districts accounted for about 84% of the country's total, and the proportion was basically the same as last month.

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