National Bureau Of Statistics: Profits Of Industrial Enterprises Above Designated Size Increased By 1.0% From January To May

According to the website of the National Bureau of statistics, from January to may, the total profits of Industrial Enterprises above Designated Size nationwide reached 3441.0 billion yuan, an increase of 1.0% over the same period of last year (calculated according to comparable caliber).

From January to may, the state-owned holding enterprises achieved a total profit of 1158.37 billion yuan, a year-on-year increase of 9.8%; The total profit of joint-stock enterprises reached 2580.25 billion yuan, an increase of 7.8%; The total profits of foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 784.53 billion yuan, down 16.1%; The total profit of private enterprises decreased by 100.29 billion yuan.

From January to may, the total profit of the mining industry was 708.27 billion yuan, an increase of 1.31 times over the same period last year; The total profit of the manufacturing industry was 2557.95 billion yuan, down 10.8%; The total profits of power, heat, gas and water production and supply industries reached 174.79 billion yuan, down 24.7%.

From January to may, the total profits of 16 industries increased year-on-year, 24 industries decreased, and 1 industry changed from deficit to profit. The profits of the main industries are as follows: the total profits of coal mining and washing industry increased by 1.75 times over the same period of last year, oil and natural gas exploitation industry increased by 1.35 times, nonferrous metal smelting and rolling processing industry increased by 26.6%, electrical machinery and equipment manufacturing industry increased by 14.6%, chemical raw materials and chemical products manufacturing industry increased by 13.8%, computer, communication and other electronic equipment manufacturing industry increased by 0.2%, Textile industry decreased by 2.5%, non-metallic mineral products industry by 3.3%, special equipment manufacturing industry by 4.6%, agricultural and sideline food processing industry by 8.3%, general equipment manufacturing industry by 21.3%, power and heat production and supply industry by 26.9%, oil, coal and other fuel processing industry by 29.6%, automobile manufacturing industry by 37.5%, and ferrous metal smelting and rolling processing industry by 64.2%.

From January to may, the operating revenue of Industrial Enterprises above Designated Size reached 53.16 trillion yuan, an increase of 9.1% year on year; The operating costs incurred were 44.88 trillion yuan, an increase of 10.2%; The profit margin of operating revenue was 6.47%, down 0.52% year on year.

At the end of May, the assets of Industrial Enterprises above Designated Size totaled 147.62 trillion yuan, up 10.4% year on year; Liabilities totaled 83.57 trillion yuan, up 10.5 percent; Owners' equity totaled 64.05 trillion yuan, up 10.2 percent; The asset liability ratio was 56.6%, unchanged on a year-on-year basis.

At the end of May, accounts receivable of Industrial Enterprises above Designated Size reached 19.75 trillion yuan, up 11.8% year on year; Finished goods inventory was 5.96 trillion yuan, up 19.7%.

From January to may, the cost of Industrial Enterprises above designated size per 100 yuan of operating income was 84.42 yuan, an increase of 0.83 yuan year-on-year; The expenses per 100 yuan of operating income was 7.88 yuan, a year-on-year decrease of 0.52 yuan.

At the end of May, the operating income of Industrial Enterprises above designated size per 100 yuan of assets was 88.0 yuan, a year-on-year decrease of 1.1 yuan; The per capita operating income was 1.704 million yuan, an increase of 143000 yuan on a year-on-year basis; The turnover days of finished goods inventory was 19.0 days, an increase of 1.3 days; The average payback period of accounts receivable was 54.4 days, an increase of 2.0 days over the same period of last year.

(source: National Bureau of Statistics)