Profits of Industrial Enterprises above designated size decreased by 2.1%

According to the National Bureau of statistics on October 27, from January to September, China's Industrial Enterprises above Designated Size realized a total profit of 4593.35 billion yuan, down 2.1% year-on-year, 0.4 percentage points higher than that from January to August. From January to September, among the industrial enterprises above Designated Size, the total profits of state-owned holding enterprises reached 1389.27 billion yuan, down 9.6% year-on-year; the total profits of joint-stock enterprises reached 3372.14 billion yuan, down 1.2%; the total profits of foreign and Hong Kong, Macao and Taiwan invested enterprises reached 1134.19 billion yuan, down 4.2%; the total profits of private enterprises reached 1263.16 billion yuan, up 5.4%. From January to September, the total profit of mining industry was 427.94 billion yuan, up 3.1% year on year; the total profit of manufacturing industry was 3790.42 billion yuan, down 3.9%; the total profit of power, heat, gas and water production and supply industry was 374.99 billion yuan, up 12.3%. From January to September, the total profit of 30 industries increased year-on-year, while 11 industries decreased.

The profits of the main industries are as follows: the total profits of power, thermal production and supply industries increased by 13.7% year on year, that of electrical machinery and equipment manufacturing by 13.5%, that of special equipment manufacturing by 12.9%, that of non-metallic mineral products by 11.8%, that of non-ferrous metal smelting and rolling processing by 8.1%, that of oil and natural gas exploitation by 7.9%, and that of computer, communication and other electronic equipment manufacturing. The industry grew by 3.6%, agricultural and sideline food processing industry by 3.5%, general equipment manufacturing industry by 3.0%, petroleum, coal and other fuel processing industry by 53.5%, ferrous metal smelting and rolling processing industry by 41.8%, automobile manufacturing industry by 16.6%, chemical raw materials and chemical products manufacturing industry by 13.0%, textile industry by 4.3%, coal mining and washing industry by 3.2%. From January to September, the operating revenue of Industrial Enterprises above Designated Size reached 77.67 trillion yuan, a year-on-year increase of 4.5%; the operating cost was 65.51 trillion yuan, a year-on-year increase of 4.8%; the profit margin of operating revenue was 5.91%, a year-on-year decrease of 0.41 percentage points. By the end of September, the total assets of Industrial Enterprises above designated size were 116.93 trillion yuan, up 6.0% year on year; the total liabilities were 66.49 trillion yuan, up 5.4%; the total owner's equity was 50.44 trillion yuan, up 6.8%; the asset liability ratio was 56.9%, down 0.3 percentage points year on year. At the end of September, notes receivable and accounts receivable of Industrial Enterprises above Designated Size reached 17.23 trillion yuan, an increase of 4.6% year on year; finished goods inventory reached 4238.33 billion yuan, an increase of 1.0%.

From January to September, the cost per hundred yuan of business income of Industrial Enterprises above designated size was 84.34 yuan, an increase of 0.24 yuan on a year-on-year basis; the cost per hundred yuan of business income was 8.65 yuan, an increase of 0.19 yuan on a year-on-year basis. By the end of September, the operating revenue of Industrial Enterprises above designated size per hundred yuan of assets was 91.4 yuan, a year-on-year decrease of 1.5 yuan; the per capita operating revenue was 1.378 million yuan, a year-on-year increase of 108000 yuan; the turnover days of finished goods inventory was 17.0 days, a year-on-year decrease of 0.2 days; the average recovery period of notes receivable and accounts receivable was 54.6 days, a year-on-year increase of 1.7 days. In September, the total profit of Industrial Enterprises above Designated Size reached 575.58 billion yuan, down 5.3% year on year, 3.3 percentage points higher than that in August.