Chemical raw materials and chemical products manufacturing profits fell 6.9% in the January-November period

The total profits of industrial enterprises above designated size in the January-November period were 7.717.96 billion yuan, down 3.6 percent year on year, according to data released by the National Bureau of Statistics on Dec 27. The total profit of the oil and natural gas mining industry increased by 1.13 times year-on-year, the manufacturing of chemical raw materials and chemical products decreased by 6.9 percent, and the processing of petroleum, coal and other fuels decreased by 74.9 percent.

From January to November, among industrial enterprises above designated size, the total profit of state-owned holding enterprises reached 240.4997 billion yuan, up 0.5% year on year; The profits of joint-stock enterprises totaled 5.641.20 billion yuan, down 2.8%; The total profit of enterprises invested by foreign investors and those from Hong Kong, Macao and Taiwan was 1.837.85 billion yuan, down 7.8%; The profits of private enterprises totaled 2,263.69 billion yuan, down 7.9 percent.

Data show that from January to November, the total profit of the mining industry reached 1,513.23 billion yuan, up 51.4% year on year; The total profit of the manufacturing industry was 5,771.42 billion yuan, down 13.4 percent; The total profit of the production and supply of electricity, heat, gas and water reached 433.31 billion yuan, up by 26.1%.

From January to November, among 41 industrial categories, total profits of 20 industries increased year on year, while 21 industries saw declines. In particular, the total profit of oil and natural gas mining was 386.78 billion yuan, up by 1.13 times year-on-year; The total profit of coal mining and washing industry was 959.45 billion yuan, up by 47% year on year; The total profit of the chemical raw materials and chemical products manufacturing industry was 693.68 billion yuan, down by 6.9%; The total profit of the processing industry of petroleum, coal and other fuels was 71.13 billion yuan, down 74.9%.

Data show that from January to November, the operating revenue of industrial enterprises above designated size reached 123.96 trillion yuan, up 6.7% year on year; The incurred operating cost was 105.12 trillion yuan, up by 8.0%; Operating income margin was 6.23%, down 0.66 percentage points year-on-year.

By the end of November, the assets of industrial enterprises above designated size totaled 156.07 trillion yuan, up 8.6 percent year on year; Total liabilities were 88.78 trillion yuan, up 9.0%; The owners' equity totaled 67.28 trillion yuan, up by 8.0%; The asset-liability ratio was 56.9 percent, up 0.2 percentage points year on year.