Yesterday, according to the latest report from the Industrial Economic Promotion Bureau of Shijiazhuang City, industrial performance during January and February showed mixed results. While thermoelectric companies experienced a decline in efficiency and profitability, the pharmaceutical and chemical sectors saw significant growth. Overall, the city's industrial production growth remained relatively low, raising concerns about the sustainability of current economic trends.
According to official statistics, industrial enterprises above the designated size in Shijiazhuang generated a total revenue of 42.182 billion yuan during the first two months of the year, reflecting a strong 32.95% year-on-year increase. However, tax collection dropped slightly by 0.11%, reaching 3.505 billion yuan, while profits fell by 10.19%, totaling 1.808 billion yuan. This decline was largely driven by challenges faced by the thermal power sector.
Thermal power companies were hit hard due to rising coal prices and reduced electricity generation hours, which significantly impacted their financial performance. Major players such as Dongfang Thermal Power, Huaneng Shang'an Power Plant, Hebei Thermal Power Plant, and Xibaipo Power Plant (including the Second Company) all reported substantial losses, with combined profits declining by 282 million yuan compared to the same period last year.
In contrast, the pharmaceutical and chemical industries performed exceptionally well, with profits surging by more than 80% year-on-year. This growth is likely attributed to increased demand for medical supplies and favorable market conditions in the sector. Analysts suggest that this trend may continue if current conditions remain stable.
The overall picture indicates a challenging environment for traditional energy sectors, while high-tech and health-related industries are showing resilience and potential for future expansion. Local authorities are expected to closely monitor these trends and consider policy adjustments to support balanced industrial development.
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