Summary:For enterprises, on the one hand, the prices of raw materials and energy in the upstream are rising. On the other hand, due to weak consumption, the p......
For enterprises, on the one hand, the prices of raw materials and energy in the upstream are rising. On the other hand, due to weak consumption, the price transmission to the downstream is not smooth. In this case, manufacturing enterprises, especially small and medium-sized manufacturing enterprises, are facing greater cost pressure. According to the profit data of industrial enterprises in August, the operating revenue profit margin of manufacturing industry, especially the middle and downstream manufacturing industry, declined. It is expected that the cost side pressure of the manufacturing industry is still large in the short term.
比如，为缓解发电厂面临的成本压力，政策开始推动电力市场化改革，扩大市场交易电价上下浮动范围。随着电价上涨，企业特别是高耗能企业的用电成本也会开始上行。对于能源相关企业而言，能源等大宗商品价格的上行则能够推动相关企业利润走高。
For example, in order to alleviate the cost pressure faced by power plants, the policy began to promote the reform of power marketization and expand the floating range of market transaction price. With the rise of electricity price, the power cost of enterprises, especially high energy consuming enterprises, will also begin to rise. For energy related enterprises, the rise of energy and other commodity prices can promote the profits of related enterprises.
对股市来说，虽然能源产品持续上涨，但是相关行业股票价格涨幅有限，这一定程度上也体现出市场对能源产品价格上涨的可持续性还是比较谨慎的。另外，近期国内利率有所上行，利率上行对于股票特别是高估值股票具有一定的冲击。
For the stock market, although energy products continue to rise, the increase in stock prices of relevant industries is limited, which also reflects that the market is more cautious about the sustainability of the rise in energy product prices to a certain extent. In addition, the domestic interest rate has risen recently, which has a certain impact on stocks, especially high valuation stocks
English
简体中文
France
España
العربية
