According to figures released by the statistics department, the economic and industrial profits of the major energy provinces showed rapid growth in the first three quarters. Among them, Shanxi's industrial profits above designated size in the first three quarters of the year were 70.4 billion yuan, a growth rate of 540 times or more. The year-on-year growth rates of industrial enterprises above designated size in Heilongjiang, Gansu, Xinjiang and Inner Mongolia were 216%, 170%, 160.2% and 78.2%, respectively. The growth rate of industrial profits in non-energy provinces is relatively stable. For example, Zhejiang is 17.2% and Jiangsu is 16%. The difference is due to the rising prices of coal and crude oil, which has boosted the profit growth of the coal and oil exploration industries. The Research Center for Industrial Organizations and Enterprise Organizations of Dongbei University of Finance and Economics left that the prices of global resources and energy, such as oil, coal and natural gas, are rising recently, leading to a rapid increase in industrial profits in provinces with energy resources, but in the energy field. The surge in profits is not sustainable, and local governments still need to accelerate their transformation. The industrial profits of the major energy provinces soared. The 21st Century Business Herald learned that the industrial energy profits in the first three quarters of this year were more than the energy provinces. For example, Shanxi, the fastest growth rate, reached 5,4069.2%. In the first three quarters of Heilongjiang, Gansu, Xinjiang and Qinghai, the growth rate of industrial profits above designated size was 216%, 170%, 160.2% and 112.2% respectively. The growth rate of industrial profits above designated size in Inner Mongolia, Shaanxi, Liaoning, Ningxia and Yunnan was 78.2%, 76.1%, 69.6%, 69.2% and 67.3% respectively. Industrial profits in these regions have grown rapidly and are closely related to the energy industry. Taking Shanxi as an example, the industrial profits above designated size in the first three quarters were 70.42 billion yuan, an increase of 70.29 billion yuan year-on-year. Among them, the energy industry realized a profit of 52.21 billion yuan, accounting for about 70%, an increase of 55.24 billion yuan year-on-year; the material and chemical industry realized profits. 10.97 billion yuan, an increase of 13.41 billion yuan. This means that Shanxi's industrial profits have increased rapidly, mainly driven by energy. The situation in Shaanxi is similar. For example, from January to August, the total profits of industrial enterprises above designated size in Shaanxi Province reached 128.05 billion yuan, a year-on-year increase of 81.2%, of which the energy industry profit increased by 2.8 times, down 61.3 percentage points from the first half. According to statistics, from January to August, Shaanxi's coal mining and washing industry achieved a 3.5-fold increase in profits, driving the province's industrial profits to grow by 55 percentage points; the oil and gas exploration industry grew nearly five-fold, driving growth of 11.4 percentage points. The oil processing, coking and nuclear fuel processing industries turned from a loss of 570 million yuan to a profit of 3.46 billion yuan, driving profit growth by 5.7 percentage points. This means that industrial profits in Shaanxi increased by 81.2% in the first eight months, and the coal, oil extraction and processing industries together boosted 72.1%. In this regard, Xing Lei, a professor at the China Coal Economic Research Institute of the Central University of Finance and Economics, believes that the industrial profits of these energy-rich provinces such as Shanxi and Inner Mongolia have increased greatly, which has a lot to do with coal. Because the foundation is good and it is a coal base, the price of coal has risen greatly. The extent of the industrial profits in these areas. "But it should be noted that the country's current consumption control of coal is very strict, and coal production will be greatly adjusted," he said. According to the understanding, in the first nine months of this year, coal production in Shanxi, Inner Mongolia, Shaanxi, Xinjiang, and Ningxia grew at a rate of 7.5%, 12.8%, 12.2%, 0.6%, and 7.7%, respectively. The year-on-year growth rates in January-October were 6%, 10.6%, 12.6%, 1.9%, and 7.8%, respectively, and the growth rate was far lower than the growth rate of industrial profits above the entire scale. On the other side of the industrial growth rate, the 21st Century Economic Report reporter learned that despite the rapid growth of industrial profits in the major energy provinces, the growth rate of industrial enterprises above designated size is not necessarily fast. For example, from January to October, the growth rate of industrial enterprises above designated size in Heilongjiang is only 2.4%, that of Gansu is -1.4%, that of Inner Mongolia is 3.6%, that of Liaoning is 0.7%, and that of Xinjiang is 6.5%. Why is industrial profit growth fast, but industrial growth is not fast? This is because the increase in industrial profits is mainly caused by prices, but industrial production has not increased, that is, the rapid rise in prices does not contribute much to the economy. For example, Shaanxi's energy industry added value increased by 5.9% from January to September, down 2.1 percentage points from the first half of the year, continuing the downward trend since June. The growth rate of industrial enterprises above designated size was 2.4 percentage points, down from 0.8 percentage points in the first half of the year. Therefore, the major energy provinces still need to cultivate new kinetic energy. At present, Shaanxi, Heilongjiang, Shanxi and other places are accelerating the development of non-energy industries. For example, from January to September, Shaanxi's non-energy industry added value increased by 9%, an increase of 1.2 percentage points over the first half. The growth rate of industrial enterprises above designated size was 5.3 percentage points higher than the first half of the year. The same is true in Shanxi. From January to September, the province’s consumer goods industry realized a profit of 4.39 billion yuan, an increase of 660 million yuan year-on-year; the equipment manufacturing industry realized a profit of 3.52 billion yuan, an increase of 1.25 billion yuan. However, the total profit of these industries is relatively small compared with coal. Zhang Baotong, president of the Shaanxi Provincial Economic and Cultural Research Association, believes that economic development is now a new kinetic energy to drive the development of old kinetic energy. Local development of new industries must be combined with reality. For example, coal is an old industry, but the level of clean utilization technology can be improved. Good development. “All localities should proceed from reality and focus on technology research and development in new industries, rather than simply increasing the number of emerging industries.†According to the understanding, one characteristic of the energy industry is that price fluctuations are obvious with market changes, which leads to rapid changes in benefits. It is not easy to develop vigorously instead of the energy industry. For example, the profit growth rate of the coal mining and washing industry in the country from January to September was 723.6%, but the profit growth rate of the pharmaceutical, furniture, culture, education and clothing industries was only 18.4%, 11.2%, 11.8%, and 11.4%, respectively. From the point of view of profit margin (profit as a percentage of operating income), the coal mining and washing industry in January-September was 10.38%, which was only lower than that of alcohol, tobacco and pharmaceutical manufacturing. The profit rate of automobile manufacturing was 7.85%. The manufacturing sector was 5.96%, and the railway, shipbuilding, aerospace and other transportation equipment manufacturing industries were only 5.69%. In this regard, Yu Zuo believes that for resource-rich provinces, it is necessary to focus on innovation based on traditional industries. For example, some equipment manufacturing and artificial intelligence will lead the upgrade. At the same time, Yu Zuo said that the traditional energy provinces must also recognize the impact of new energy. As the unit cost of photovoltaics decreases, the cost of solar and wind power generation will decrease, and its market prospects will become wider and wider.
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