分经济类型看，5月份，国有控股企业增加值同比增长3.8%；股份制企业增长6.3%，外商及港澳台投资企业增长3.9%；私营企业增长5.9%。 分行业看，5月份，41个大类行业中有35个行业增加值保持同比增长。其中，煤炭开采和洗选业增长5.5%，石油和天然气开采业增长5.3%，农副食品加工业 增长7.6%，酒、饮料和精制茶制造业增长4.1%，纺织业增长0.6%，化学原料和化学制品制造业增长5.9%，非金属矿物制品业下降0.6%，黑色金属冶炼和压 延加工业增长4.8%，有色金属冶炼和压延加工业增长8.1%，通用设备制造业增长6.3%，专用设备制造业增长2.3%，汽车制造业增长11.6%，铁路、船舶、航 空航天和其他运输设备制造业增长14.6%，电气机械和器材制造业增长11.0%，计算机、通信和其他电子设备制造业增长10.2%，电力、热力生产和供应业增 长2.0%。 分产品看，5月份，规模以上工业623种产品中有326种产品产量同比增长。其中，钢材12743万吨，同比增长3.4%；水泥16500万吨，下降8.1%；十种有色金 属683万吨，增长2.9%；乙烯303万吨，增长14.4%；汽车264.2万辆，增长11.3 ...

Core Insights - The fixed asset investment (excluding rural households) in China for the first five months of 2025 reached 191,947 billion yuan, showing a year-on-year growth of 3.7% [5] - The investment growth varied across different industries, with the primary industry growing by 8.4%, the secondary industry by 11.4%, and the tertiary industry declining by 0.4% [2][5] Investment by Industry - In the secondary industry, industrial investment increased by 11.6%, with mining investment up by 5.8%, manufacturing investment up by 8.5%, and investment in electricity, heat, gas, and water production and supply rising by 25.4% [3][5] - The tertiary industry saw infrastructure investment (excluding electricity, heat, gas, and water production and supply) grow by 5.6%, with significant increases in water transport (27.2%), water management (26.6%), and air transport (4.7%) [3] Regional Investment Trends - Investment growth varied by region, with the eastern region growing by 0.5%, the central region by 4.5%, the western region by 4.9%, and the northeastern region by 2.1% [3] Investment by Ownership Type - Domestic enterprises saw a fixed asset investment growth of 3.7%, while investment from Hong Kong, Macau, and Taiwan enterprises grew by 6.5%. In contrast, foreign enterprises experienced a decline of 13.4% [4][6]

证券代码：000531 证券简称：穗恒运Ａ 广州恒运企业集团股份有限公司投资者关系活动记录表 | | √特定对象调研□分析师会议 | | --- | --- | | 投资者关系 | □媒体采访□业绩说明会 | | 活动类别 | □新闻发布会□路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及 | 天风证券股份有限公司杨嘉政 | | 人员姓名 | | | 时间 | 年 月 日 2025 6 9 (周一)下午 15：00~16：00 | | 地点 | 广州市黄埔区科学大道 251 号恒运中心 16 楼会议室 | | 形式 | 现场会议 | | 上市公司 接待人员姓名 | 董事会秘书 张晖先生 | | | 1、公司如何围绕"电、热、氢、储"进行战略布局？ | | | 近年来，国家提出"碳达峰"、"碳中和"战略目标，公司 | | | 顺应国家能源发展战略，从传统的小型燃煤机组向清洁新能源机 | | | 组转型升级，做强做优做大"电、热、氢、储"四大板块。 | | | 电力板块：一是大力发展光伏发电。公司拥有光伏控股装机 | | | 容量 105 万千瓦，在建的光伏控 ...

点 击 蓝 字 关 注 我 们 本文全文共 2461 字，阅读全文约 8 分钟 2025年1—4月份全国规模以上工业企业利润增长1.4% 2025年5月中国采购经理指数运行情况 2025年1—4月份全国规模以上工业企业利润增长1.4% 1—4月份，全国规模以上工业企业实现利润总额21170.2亿元，同比增长1.4%（按可比口径计算）。 1—4月份，规模以上工业企业中，国有控股企业实现利润总额7022.8亿元，同比下降4.4%；股份制企业实 现利润总额15596.4亿元，增长1.1%；外商及港澳台投资企业实现利润总额5429.2亿元，增长2.5%；私营企业 实现利润总额5706.8亿元，增长4.3%。 1—4月份，采矿业实现利润总额2875.0亿元，同比下降26.8%；制造业实现利润总额15549.3亿元，增长 8.6%；电力、热力、燃气及水生产和供应业实现利润总额2745.8亿元，增长4.4%。 1—4月份，主要行业利润情况如下：农副食品加工业利润同比增长45.6%，有色金属冶炼和压延加工业增 长24.5%，电气机械和器材制造业增长15.4%，专用设备制造业增长13.2%，通用设备制造业增长11.7%，计算 ...

Core Insights - The overall economic performance of Jiangmen in the first four months of 2025 is characterized as "generally stable, under pressure" with key indicators showing positive growth despite a decline in fixed asset investment [2] Industrial Performance - The industrial added value of Jiangmen increased by 2.7% year-on-year, although the growth rate slowed by 0.7 percentage points compared to the first quarter [3] - The manufacturing sector saw a 3.9% increase in added value, while the electricity, heat, gas, and water production and supply sector experienced a decline of 3.4% [3] - Among 21 major industrial products, 16 categories maintained positive growth, with notable increases in stainless steel daily products (52,400 tons), motorcycles (1.6179 million units), and aluminum materials (91,400 tons), all exceeding 20% growth [3] Fixed Asset Investment - Fixed asset investment in Jiangmen decreased by over 24% year-on-year, with the decline rate widening by 2.9 percentage points compared to the first quarter [4] - State-owned investment fell by 27.6%, while private investment decreased by 20.3% [4] - Investment in the real estate sector dropped by 25.6%, with a 10.6% decrease in the area under construction and a 20% decline in sales area [4] Foreign Trade - Jiangmen's foreign trade showed a positive trend with a total import and export value of over 63 billion yuan, reflecting a year-on-year growth of 7.1% [5] - Exports amounted to over 54.3 billion yuan, growing by 10.3%, while imports decreased by nearly 9% to 9.04 billion yuan [5] - Actual foreign investment reached 753 million yuan, marking a significant increase of 66.7% [5] Consumer Market - The total retail sales of social consumer goods in Jiangmen reached 40.995 billion yuan, with a year-on-year growth of 2.4%, accelerating by 0.6 percentage points compared to the first quarter [7] - Urban retail sales grew by 2.5%, while rural sales increased by 2.1% [7] - Local general public budget revenue for the first four months was 8.302 billion yuan, reflecting a year-on-year growth of 3.2% [7]

1 — 4 月份，全国规模以上工业企业实现利润总额 21170.2 亿元，同比增长 1.4% （按可 比口径计算，详见附注二）。 1 — 4 月份，规模以上工业企业中，国有控股企业实现利润总额 7022.8 亿元，同比下降 4.4% ；股份制企业实现利润总额 15596.4 亿元，增长 1.1% ；外商及港澳台投资企业实现利 润总额 5429.2 亿元，增长 2.5% ；私营企业实现利润总额 5706.8 亿元，增长 4.3% 。 1 — 4 月份，采矿业实现利润总额 2875.0 亿元，同比下降 26.8% ；制造业实现利润总额 15549.3 亿元，增长 8.6% ；电力、热力、燃气及水生产和供应业实现利润总额 2745.8 亿 元，增长 4.4% 。 4 月份，规模以上工业企业利润同比增长 3.0% 。 来源： 统计微讯 1 — 4 月份，主要行业利润情况如下：农副食品加工业利润同比增长 45.6% ，有色金属 冶炼和压延加工业增长 24.5% ，电气机械和器材制造业增长 15.4% ，专用设备制造业增长 13.2% ，通用设备制造业增长 11.7% ，计算机、通信和其他电子设备制造业增长 11.6% ...

Core Viewpoint - The overall profit of industrial enterprises above designated size in China showed a slight increase in the first four months of the year, indicating a mixed performance across different sectors and ownership types [1][7]. Group 1: Profit Performance - From January to April, the total profit of industrial enterprises above designated size reached 21,170.2 billion yuan, a year-on-year increase of 1.4% [1]. - State-owned enterprises reported a profit of 7,022.8 billion yuan, down 4.4% year-on-year, while joint-stock enterprises saw a profit of 15,596.4 billion yuan, up 1.1% [1]. - Foreign and Hong Kong, Macao, and Taiwan-invested enterprises achieved a profit of 5,429.2 billion yuan, an increase of 2.5%, and private enterprises reported a profit of 5,706.8 billion yuan, up 4.3% [1]. Group 2: Sector Performance - The mining industry experienced a significant profit decline of 26.8%, while the manufacturing sector saw an 8.6% profit increase [2]. - Notable profit growth was observed in the agricultural and sideline food processing industry at 45.6%, and non-ferrous metal smelting and rolling industry at 24.5% [2]. - The power, heat, gas, and water production and supply industry reported a profit increase of 4.4% [2]. Group 3: Revenue and Costs - The total operating revenue for industrial enterprises above designated size was 434,400 billion yuan, reflecting a year-on-year growth of 3.2%, with operating costs rising by 3.4% to 371,600 billion yuan [3]. - The operating profit margin was recorded at 4.87%, a decrease of 0.09 percentage points year-on-year [3]. Group 4: Financial Health - As of the end of April, total assets of industrial enterprises above designated size reached 181,350 billion yuan, a year-on-year increase of 5.3%, while total liabilities grew by 5.7% to 104,620 billion yuan [4]. - The equity of these enterprises totaled 76,720 billion yuan, up 4.7%, with an asset-liability ratio of 57.7%, an increase of 0.2 percentage points year-on-year [4]. Group 5: Accounts and Inventory - Accounts receivable amounted to 25,860 billion yuan, reflecting a year-on-year increase of 9.7%, while finished goods inventory was 6,610 billion yuan, up 3.9% [5]. - The average collection period for accounts receivable increased to 70.3 days, up by 4.0 days year-on-year [6].

1—4月份，全国规模以上工业企业实现利润总额21170.2亿元，同比增长1.4%（按可比口径计算，详见附注二）。 1—4月份，规模以上工业企业中，国有控股企业实现利润总额7022.8亿元，同比下降4.4%；股份制企业实现利润总额15596.4亿元，增长1.1%；外商及港澳 台投资企业实现利润总额5429.2亿元，增长2.5%；私营企业实现利润总额5706.8亿元，增长4.3%。 1—4月份，采矿业实现利润总额2875.0亿元，同比下降26.8%；制造业实现利润总额15549.3亿元，增长8.6%；电力、热力、燃气及水生产和供应业实现利润 总额2745.8亿元，增长4.4%。 1—4月份，主要行业利润情况如下：农副食品加工业利润同比增长45.6%，有色金属冶炼和压延加工业增长24.5%，电气机械和器材制造业增长15.4%，专用 设备制造业增长13.2%，通用设备制造业增长11.7%，计算机、通信和其他电子设备制造业增长11.6%，电力、热力生产和供应业增长5.6%，纺织业增长 3.7%，非金属矿物制品业下降1.6%，化学原料和化学制品制造业下降4.4%，汽车制造业下降5.1%，石油和天然气开采业下降6.9%，煤 ...

Core Viewpoint - The fixed asset investment in China for January to April 2025 shows a year-on-year growth of 4.0%, with private investment growing only 0.2%, indicating a mixed recovery in investment across different sectors and regions [1][2]. Investment Overview - Total fixed asset investment (excluding rural households) reached 14,702.4 billion yuan, with a year-on-year increase of 4.0% [1][2]. - The industrial investment grew by 11.7%, with mining investment increasing by 6.3% and manufacturing investment by 8.8% [1][2]. - The service sector experienced a decline of 0.2% in investment, highlighting challenges in this area [1][2]. Sector Analysis - First industry investment was 297.1 billion yuan, up 13.2% year-on-year [1][2]. - Second industry investment totaled 51,778 billion yuan, with notable growth in electricity, heat, gas, and water production and supply at 25.5% [1][2]. - Third industry infrastructure investment (excluding power, heat, gas, and water) grew by 5.8%, with water management investment surging by 30.7% [1][2]. Regional Investment Trends - Eastern region investment grew by 1.3%, while the central region saw a 4.8% increase, and the western region grew by 5.3% [1][2]. - The northeastern region had the highest growth at 7.6%, indicating a regional disparity in investment performance [1][2]. Investment by Registration Type - Domestic enterprises' fixed asset investment increased by 3.9%, while investment from Hong Kong, Macau, and Taiwan enterprises rose by 9.2% [1][2]. - Foreign enterprises, however, saw a significant decline in investment by 11.4%, reflecting potential challenges in attracting foreign capital [1][2].

Core Viewpoint - In April, the industrial added value of large-scale enterprises increased by 6.1% year-on-year, indicating a stable growth trend in the industrial sector [1] Group 1: Industrial Growth - In April, the industrial added value increased by 0.22% month-on-month, and from January to April, it grew by 6.4% year-on-year [1] - By sector, mining increased by 5.7%, manufacturing by 6.6%, and electricity, heat, gas, and water production and supply by 2.1% in April [1] - By ownership type, state-controlled enterprises grew by 2.9%, joint-stock enterprises by 6.6%, foreign and Hong Kong, Macau, and Taiwan-invested enterprises by 3.9%, and private enterprises by 6.7% [1] Group 2: Industry Performance - In April, 36 out of 41 major industries reported year-on-year growth in added value, with notable increases in coal mining (6.3%), petroleum and natural gas extraction (4.3%), and food processing (7.3%) [2] - The automotive manufacturing sector saw a growth of 9.2%, while the railway, shipbuilding, aerospace, and other transportation equipment manufacturing surged by 17.6% [2] - The production of 623 industrial products showed that 341 products had a year-on-year increase, including steel (12.509 million tons, +6.6%) and automobiles (2.604 million units, +8.5%) [2] Group 3: Sales and Exports - The product sales rate for large-scale industrial enterprises was 97.2%, a decrease of 0.2 percentage points year-on-year [3][5] - The export delivery value reached 1.2469 trillion yuan, reflecting a nominal growth of 0.9% year-on-year [3][5]