宏微观数据透视我国实体企业存“五大困境”

Macro and Micro Data Show "Five Predicaments" in Chinese Entity Enterprises

受新冠疫情持续冲击和内外部复杂因素叠加影响,我国实体企业经营形势总体不容乐观,经营信心严重受挫。本文针对宏观数据和上市公司财务数据进行深入分析后发现:当前我国实体企业生产经营活动普遍面临冲击;实体企业存在整体亏损面扩大,部分行业市值大跌、收入下降、成本增加、现金流恶化的困境。为此建议:一方面,政策要针对企业供需两端,打出新的组合拳,精准发力;另一方面,企业要练好内功,增强抗风险能力。

Affected by the continuous impact of the COVID-19 and the superposition of internal and external complex factors, the overall business situation of Chinese entity enterprises is not optimistic, and business confidence has been severely frustrated. After in-depth analysis of the recent macro data and the financial data of listed companies, this paper finds that, the current production and operation activities of entity enterprises in China are generally facing a huge impact. The overall "loss coverage" of entity enterprises is expanding, and some industries are facing the dilemma of "a sharp drop in market value, a decline in revenue, an increase in costs, and a deterioration in cash flow". To this end, this paper puts forward suggestions. On one hand, policies should target both ends of the supply and demand side of enterprises, and make a new combination of policies to make precise efforts. On the other hand, enterprises should cultivate their internal skills and enhance their ability to resist risks.