In 1-3, The Profits Of Industrial Enterprises Above Designated Size Dropped By 3.3% Over The Same Period Last Year.

In the 1-3 month, the total profit of Industrial Enterprises above Designated Size reached 1 trillion and 297 billion 200 million yuan, down 3.3% compared with the same period last year. According to the calculation of comparable caliber, the factors such as caliber adjustment, enhancement of statistical enforcement, elimination of duplicated data, stripping of enterprise reform, and four checking of general units were taken into account. The detailed reduction was four. The decline was narrowed by 10.7 percentage points over 1-2 months.

In 1-3 months, the total profits of state holding enterprises in the industrial enterprises above Designated Size reached 414 billion 620 million yuan, down 13.4% compared with the same period last year; the total profit of the joint-stock enterprises reached 917 billion 90 million yuan, a decrease of 1%; the total profits of foreign invested enterprises and Hong Kong, Macao and Taiwan invested enterprises reached 318 billion 220 million yuan, a decrease of 7.9%; private enterprises realized a total profit of 325 billion 980 million yuan, 7% growth.

In the 1-3 month, the total profit of mining and mining industry was 122 billion 880 million yuan, down 3.4% from the same period last year. The total profit of manufacturing industry was 1 trillion and 57 billion 790 million yuan, a decrease of 4.2%, and the total profit of electricity, heat, gas and water production and supply reached 116 billion 540 million yuan, an increase of 5.7%.

In 1-3 industries in 41 industries, the total profit of 28 industries increased year by year, and 13 industries decreased.

The profit of the main industries is as follows: the total profit of the special equipment manufacturing industry increased by 32.8% year-on-year, the electrical machinery and equipment manufacturing industry increased by 21.2%, the general equipment manufacturing industry increased by 18.4%, the non-metallic mineral products industry increased by 13.6%, the electricity and heat production and supply industry increased by 11.4%, the growth of the oil and natural gas extraction industry increased by 10.3%, the textile industry increased by 3.6%, the petroleum, coal and other fuel processing industries decreased by 54.5%, the ferrous metal smelting and calendering processing industry decreased by 44.5%, the automobile manufacturing industry dropped by 25%, the coal mining and washing industry dropped by 18%, the chemical raw materials and chemical products manufacturing industry dropped to 25%, the non-ferrous metal smelting and calendering processing industry declined, and the computer, telecommunications and other electronic equipment manufacturing industry declined, and the processing industry of agricultural and sideline products dropped.

In the 1-3 month, industrial enterprises above Designated Size realized business income of 24 trillion and 400 billion yuan, an increase of 7.2% over the same period last year, operating costs of 20 trillion and 600 billion yuan, an increase of 7.7%, and operating income margin of 5.31%, down 0.58 percentage points from the same period last year.

At the end of 3, assets of Industrial Enterprises above Designated Size totaled 111 trillion and 400 billion yuan, up 6.9% over the same period last year; liabilities totaled 63 trillion and 600 billion yuan, an increase of 6.5%; owners' equity totaled 47 trillion and 800 billion yuan, an increase of 7.4%; asset liability ratio was 57%, a decrease of 0.2 percentage points over the same period last year.

At the end of 3, industrial enterprises above Designated Size accounted for 15 trillion and 900 billion yuan of receivable and accounts receivable, an increase of 6.5% compared with the same period last year, and finished goods inventory was 3 trillion and 918 billion 650 million yuan, an increase of 0.3%.

In 1-3 months, the cost of industrial revenue per 100 yuan for industrial enterprises above designated size was 84.39 yuan, an increase of 0.41 yuan compared with the same period last year. The cost of each 100 yuan business income was 8.77 yuan, an increase of 0.06 yuan compared with the same period last year.

At the end of 3, the operating income of Industrial Enterprises above 100 yuan per 100 yuan reached 88.3 yuan, an increase of 0.4 yuan compared with the same period last year, and the average operating income per capita was 1 million 305 thousand yuan, an increase of 128 thousand yuan compared with the same period last year. The turnover days of finished goods inventory were 17.3 days, a decrease of 0.8 days compared with that of the previous year, and the average payback period of receivable and accounts receivable was 55.5 days, an increase of 1 days compared with the same period.

In March, the total profits of Industrial Enterprises above Designated Size reached 589 billion 520 million yuan, up 13.9% over the same period last year.

Related links: www.stats.gov.cn/tjsj/zxfb/201904/t20190426_1661900.html

Industrial profit growth rebounded sharply in March -- Hong Zhu, Senior Statistician of the National Bureau of statistics, explained the profit data of industrial enterprises in 2019, 1-3.

According to the financial data of industrial enterprises released by the National Bureau of statistics in April 27th, the total profit of Industrial Enterprises above designated size increased by 13.9% over the same period in March 2019, and the growth rate was significantly higher than that in 1-2 months (1-2 months decreased by 14% compared with the same period last year).

The cumulative profit in 1-3 months decreased by 3.3% compared with the same period last year, the decline narrowed by 10.7 percentage points over 1-2 months.

First, the growth of production and sales has accelerated, prices have stabilized and picked up, and the growth rate of industrial profits has obviously increased.

Production and sales growth has accelerated significantly.

In March, the added value of above scale industries increased by 8.5% in real terms, the growth rate was 3.2 percentage points faster than that in 1-2 months, and the operating income of industrial enterprises increased by 13.7% over the same period last year, and the growth rate increased by 10.4 percentage points over that of 1-2 months.

Industrial prices have stabilized and rebounded.

Industrial producer prices rose 0.4% in March, up 0.3 percentage points from 1-2 months, ending 8 consecutive months of decline. The purchasing price of industrial producers rose 0.2% over the same period, or 0.1 percentage points higher than that in 1-2 months.

Preliminary calculations show that price changes have increased industrial profits by about 26 billion 800 million yuan over the same period last year, and the pulling effect on profit growth has been 4.5 percentage points more than that in 1-2 months.

Automobile, petroleum processing, steel, chemical and other key industries profits significantly recovered.

In March, price reduction and new vehicle listing and other factors affected automobile production and sales. The profit of automobile manufacturing increased by 1% over the same period last year, reversing the 42% profit of the 1-2 month profit. The profit of petroleum processing, steel and chemical industry decreased by 13.9%, 15.2% and 3.2%, respectively, and the decline was narrowed by 56.5, 43.8, 24 percentage points compared with that of 1-2 months.

The above 4 industries combined affect the profit growth rate of all industrial enterprises above Designated Size, up 12.8 percentage points over 1-2 months.

In addition, the pulling effect of the value-added tax rate reduction, the influence of the wrong month of the Spring Festival, the low base period of the same period and the increase of investment income also increase the profit growth rate to a certain extent.

Two, the efficiency of industrial enterprises has improved.

One is that the cost of unit cost is raised and reduced.

In March, the cost of industrial revenue per 100 yuan for industrial enterprises above designated size was 92.90 yuan, a decrease of 0.07 yuan compared with the same period last year, and an increase of 0.81 yuan compared to the same period in 1-2 months.

Two, the leverage ratio continues to decrease.

At the end of 3, the asset liability ratio of Industrial Enterprises above designated size was 57%, down 0.2 percentage points compared with the same period last year.

China has a holding company with an asset liability ratio of 58.7%, down 0.8 percentage points from the same period last year.

Three, the turnover of finished goods inventory is accelerating.

By the end of 3, the turnover of finished product inventory in Industrial Enterprises above designated size was 17.3 days, a decrease of 0.8 days compared with the same period last year.

Four, profitability has picked up.

In March, the operating profit margin of Industrial Enterprises above designated size was 6.13%, an increase of 0.01 percentage points over the same period last year, reversing a sharp fall in the 1-2 months.