1-2月份工业企业税前利润率自去年11月的6.5%下降至5.6%,这里有一定季节性因素,但这次是近5年以来的最大幅度收缩,这可能反映了出口需求放缓使得效率提高难以持续,同时前期利率水平上升增加了财务成本,因此净利润率已无法持续改善,企业利润或将迎来拐点。 The pre-tax profit margin for industrial enterprises in January-February dropped to 5.6% from 6.5% in November last year. There is a certain seasonal factor here, but this time the most drastic contraction in the past five years may reflect a slowdown in export demand Making it difficult to improve efficiency, while rising interest rates earlier increased financial costs, so the net profit margin has not been able to continue to improve, corporate profits or will usher in the inflection point.