On July 27, data released by the National Bureau of Statistics showed that the profits of industrial enterprises above designated size fell by 16.8% from January to June, and the decline continued to narrow. Among them, the profit of chemical raw materials and chemical products manufacturing industry fell by 52.2% year-on-year.
From January to June, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 1,2002.0 billion yuan, down by 21.0% year-on-year; The total profits of joint-stock enterprises reached 2,487.20 billion yuan, down 18.1 percent; The total profit of enterprises invested by foreign investors and those from Hong Kong, Macao and Taiwan was 796.68 billion yuan, down 12.8%; The total profit of private enterprises was 868.92 billion yuan, down 13.5%.
The total profit of the mining industry in the first half of the year was 681.68 billion yuan, down 19.9% year on year; The total profit of the manufacturing industry was 2,387.47 billion yuan, down by 20.0 percent; The total profit of the production and supply of electricity, heat, gas and water reached 319.31 billion yuan, an increase of 34.1%.
Data show that in the first half of the 41 industrial categories, the total profit of 12 industries increased year-on-year, and 29 industries fell. The profits of the main industries are as follows: The total profit of the electricity and heat production and supply industry increased by 46.5% year on year, the electrical machinery and equipment manufacturing industry increased by 29.1%, the general equipment manufacturing industry increased by 17.9%, the automobile manufacturing industry increased by 10.1%, the special equipment manufacturing industry increased by 3.9%, the oil and gas mining industry decreased by 12.2%, and the coal mining and washing industry decreased by 23.3%. The textile industry fell by 23.8 per cent; the manufacturing of computers, communications and other electronic equipment by 25.2 per cent; the non-metallic mineral products industry by 26.6 per cent; the agricultural and sideline food processing industry by 33.2 per cent; the non-ferrous metal smelting and rolling processing industry by 44.0 per cent; and the manufacturing of chemical raw materials and chemical products by 52.2 per cent. The oil, coal and other fuel processing industry fell by 92.3 percent, and the ferrous metal smelting and rolling processing industry fell by 97.6 percent.
From January to June, the operating income of industrial enterprises above designated size reached 62.62 trillion yuan, down 0.4 percent year on year. Incurred operating costs were 53.37 trillion yuan, up 0.5%; The operating income margin was 5.41%, down 1.07 percentage points year-on-year.
By the end of June, the assets of industrial enterprises above designated size totaled 160.31 trillion yuan, up 6.6% year on year; Total debt was 92.28 trillion yuan, up 6.7%; The owners’ equity totaled 68.04 trillion yuan, an increase of 6.3%; The asset-liability ratio was 57.6%, up 0.1 percentage points year-on-year.
By the end of June, the accounts receivable of industrial enterprises above designated size were 22.72 trillion yuan, up 10.6% year on year; Finished goods inventories were 6.05 trillion yuan, up 2.2%.
From January to June, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.23 yuan, an increase of 0.81 yuan year-on-year; The expense per 100 yuan of operating revenue was 8.34 yuan, an increase of 0.25 yuan year-on-year.
At the end of June, the operating income of industrial enterprises above designated size was 79.1 yuan per 100 yuan of assets, a decrease of 6.2 yuan year-on-year; The per capita operating income was 1.736 million yuan, an increase of 51,000 yuan year-on-year; The turnover days of finished goods inventory was 20.3 days, an increase of 1.1 days. The average collection period of accounts receivable was 63.2 days, an increase of 6.4 days year-on-year.
In June, the total profits of industrial enterprises above designated size reached 719.76 billion yuan, down 8.3 percent year on year.
