In October, the profit of Industrial Enterprises above designated size decreased

From January to October, the total profits of Industrial Enterprises above Designated Size in China reached 5015.1 billion yuan, a year-on-year decrease of 2.9% (calculated on a comparable basis, taking into account the adjustment of the statistical system, the enhancement of statistical law enforcement, the elimination of duplicate data, the enterprise reform and divestiture, the inventory of four economic and general units and other factors, see note IV for details), with a decrease rate of 0.8 percentage points higher than that from January to September. From January to October, among the industrial enterprises above Designated Size, the total profits of state-owned holding enterprises reached 1471.55 billion yuan, down 12.1% year-on-year; the total profits of joint-stock enterprises reached 3662.33 billion yuan, down 2.4%; the total profits of foreign-funded and Hong Kong, Macao and Taiwan invested enterprises reached 1258.5 billion yuan, down 4.0%; the total profits of private enterprises reached 1391.5 billion yuan, up 5.3%.

From January to October, the total profit of mining industry was 472.13 billion yuan, up 2.4% year on year; the total profit of manufacturing industry was 4129.14 billion yuan, down 4.9%; the total profit of power, heat, gas and water production and supply industry was 413.84 billion yuan, up 14.4%. From January to October, 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 16.2% year on year, electrical machinery and equipment manufacturing by 15.0%, special equipment manufacturing by 12.0%, non-metallic mineral products by 10.9%, computer, communication and other electronic equipment manufacturing by 6.0%, non-ferrous metal smelting and rolling processing by 5.4%, and agricultural and sideline food processing by 5.4% 5.1% growth, 3.4% growth in oil and gas extraction, 2.8% growth in general equipment manufacturing, 51.2% decline in oil, coal and other fuel processing, 44.2% decline in ferrous metal smelting and rolling processing, 25.3% decline in chemical raw materials and chemicals manufacturing, 14.7% decline in automobile manufacturing, 6.4% decline in textile industry, and 2.1% decline in coal mining and washing industry.

From January to October, the operating revenue of Industrial Enterprises above Designated Size reached 85.66 trillion yuan, a year-on-year increase of 4.2%; the operating cost was 72.19 trillion yuan, a year-on-year increase of 4.5%; the profit margin of operating revenue was 5.85%, a year-on-year decrease of 0.44 percentage points. By the end of October, assets of Industrial Enterprises above Designated Size totaled 117.49 trillion yuan, up 5.8% year on year; liabilities totaled 66.74 trillion yuan, up 4.9%; owner's equity totaled 50.75 trillion yuan, up 7.0%; asset liability ratio was 56.8%, down 0.5% year on year. At the end of October, notes receivable and accounts receivable of Industrial Enterprises above Designated Size reached 17.46 trillion yuan, an increase of 3.5% year on year; finished goods inventory reached 4317.01 billion yuan, an increase of 0.4%. From January to October, the cost per hundred yuan of business income of Industrial Enterprises above designated size was 84.28 yuan, an increase of 0.21 yuan on a year-on-year basis; the cost per hundred yuan of business income was 8.71 yuan, an increase of 0.22 yuan on a year-on-year basis. By the end of October, the operating revenue of Industrial Enterprises above designated size per hundred yuan of assets was 90.5 yuan, a year-on-year decrease of 1.6 yuan; the per capita operating revenue was 1.375 million yuan, a year-on-year increase of 103000 yuan; the turnover days of finished goods inventory was 17.3 days, a year-on-year decrease of 0.2 days; the average recovery period of notes receivable and accounts receivable was 55.4 days, a year-on-year increase of 1.6 days. In October, industrial enterprises above Designated Size realized a total profit of 427.56 billion yuan, down 9.9% year on year, with a decrease rate of 4.6 percentage points higher than that in September.