Profits of Industrial Enterprises Above Designated Size in China Fell by 9.0% in the First Nine Months

According to the National Bureau of Statistics, from January to September, the total profit of China’s industrial enterprises above designated size nationwide was 5,411.99 billion yuan, a year-on-year decrease of 9.0%, and the decline rate was 2.7 percentage points narrower than that from January to August (on a comparable basis).

From January to September, among industrial enterprises above designated size, state-controlled enterprises achieved a total profit of 1847.7 billion yuan, a year-on-year decrease of 11.5%; joint-stock enterprises achieved a total profit of 3962.37 billion yuan, a decrease of 8.7%; foreign, Hong Kong, Macao and Taiwan-invested enterprises achieved a total profit of 1287.81 billion yuan, a decrease of 10.5%; the total profit of private enterprises was 1438.5 billion yuan, a decrease of 3.2%.

From January to September, the mining industry realized a total profit of 992.81 billion yuan, a year-on-year decrease of 19.9%; the manufacturing industry realized a total profit of 3891.07 billion yuan, a decrease of 10.1%; the electricity, heat, gas and water production and supply industry realized a total profit of 528.11 billion yuan, An increase of 38.7%.

From January to September, the profit situation of the main industries is as follows: the total profit of the electric power and heat production and supply industry increased by 50.0% year-on-year, the electrical machinery and equipment manufacturing industry increased by 24.9%, the general equipment manufacturing industry increased by 11.0%, and the special equipment manufacturing industry increased by 2.4% , the automobile manufacturing industry increased by 0.1%, the ferrous metal smelting and rolling processing industry decreased by 1.8%, the oil and natural gas mining industry decreased by 9.4%, the textile industry decreased by 10.2%, the agricultural and sideline food processing industry decreased by 15.1%, and the non-ferrous metal smelting and rolling processing industry decreased by 15.1%, the computer, communications and other electronic equipment manufacturing industry fell by 18.6%, the coal mining and washing industry fell by 26.5%, the non-metallic mineral products industry fell by 26.7%, the petroleum, coal and other fuel processing industry fell by 40.4%, and the manufacturing of chemical raw materials and chemical products The industry fell by 46.5%.

From January to September, industrial enterprises above designated size achieved operating income of 96.35 trillion yuan, the same as the same period last year; operating costs incurred were 81.96 trillion yuan, an increase of 0.3%; the operating income profit margin was 5.62%, a year-on-year decrease of 0.55 percentage points.

At the end of September, the total assets of industrial enterprises above designated size were 164.40 trillion yuan, a year-on-year increase of 6.4%; the total liabilities were 94.63 trillion yuan, an increase of 6.7%; the total owners' equity was 69.77 trillion yuan, an increase of 6.0%; the asset-liability ratio was 57.6%, a year-on-year increase of 0.2 percentage points.

At the end of September, the accounts receivable of industrial enterprises above designated size were 23.75 trillion yuan, a year-on-year increase of 9.7%; the inventory of finished products was 6.13 trillion yuan, an increase of 3.1%.

From January to September, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.07 yuan, a year-on-year increase of 0.30 yuan; the expense per 100 yuan of operating income was 8.34 yuan, a year-on-year increase of 0.28 yuan.

At the end of September, the operating income of industrial enterprises above designated size per 100 yuan of assets was 80.1 yuan, a year-on-year decrease of 5.8 yuan; the per capita operating income was 1.774 million yuan, a year-on-year increase of 60,000 yuan; the inventory turnover days of finished products was 20.0 days, a year-on-year increase of 1.2 days; the average recovery period of accounts receivable was 63.0 days, an increase of 5.9 days year-on-year.

In September, profits of industrial enterprises above designated size increased by 11.9% year-on-year.