From 1 To February 2020, The Profits Of Industrial Enterprises Above Designated Size Dropped By 38.3%.

From 1 to February, the total profit of Industrial Enterprises above Designated Size reached 410 billion 700 million yuan, down 38.3% from the same period last year.

From 1 to February, the total profits of state holding enterprises in the industrial enterprises above Designated Size amounted to 146 billion 540 million yuan, down 32.9% from the same period last year. The total profit of the joint-stock enterprises reached 315 billion 880 million yuan, a decrease of 33.6%. The total profits of foreign invested enterprises and Hong Kong, Macao and Taiwan invested enterprises reached 79 billion 630 million yuan, a decrease of 53.6%, and private enterprises realized a total profit of 120 billion 830 million yuan, decreasing by 36.6%.

From 1 to February, the total profit of the mining industry amounted to 55 billion 310 million yuan, down 21.1% from the same period last year. The total profit of the manufacturing industry was 300 billion 570 million yuan, a decrease of 42.7%, and the total profit of electricity, heat, gas and water production and supply reached 54 billion 820 million yuan, or 23.2%.

From 1 to February, in 41 industrial sectors, the total profits of 4 industries increased year by year, and 37 industries decreased. The profit of the main industries is as follows: the total profit of the tobacco industry increased by 31.5% over the same period, the non-ferrous metal smelting and rolling processing industry increased by 28.3%, the oil and natural gas extraction industry increased by 23.7%, the agricultural and sideline food processing industry increased by 2.2%, the computer, telecommunications and other electronic equipment manufacturing industry dropped by 87%, the automobile manufacturing industry decreased by 79.6%, and the electrical machinery and equipment manufacturing industry decreased by 68.2%, and the chemical industry was reduced. The material and chemical products manufacturing industry dropped by 66.4%, the general equipment manufacturing industry dropped by 62.3%, the textile industry dropped by 59.3%, the special equipment manufacturing industry dropped by 55.1%, the coal mining and washing industry dropped by 45.6%, the non-metallic mineral products industry decreased by 37%, ferrous metal smelting and calendering processing industry decreased by 34.4%, and the electricity, heat production and supply industry dropped by 19.4%, and the petroleum, coal and other fuel processing industries were reduced by 37%. Profits fell to losses during the same period.

From 1 to February, the operating income of Industrial Enterprises above Designated Size reached 11 trillion and 620 billion yuan, down 17.7% from the same period last year. The operating cost was 9 trillion and 770 billion yuan, a decrease of 17.8%, and the operating profit margin was 3.54%, down 1.17 percentage points compared with the same period last year.

At the end of 2, assets of Industrial Enterprises above Designated Size totaled 114 trillion and 970 billion yuan, up 6.3% over the same period last year; liabilities totaled 64 trillion and 740 billion yuan, an increase of 5.3%; owners' equity totaled 50 trillion and 230 billion yuan, an increase of 7.6%; asset liability ratio was 56.3%, a decrease of 0.6 percentage points over the same period last year.

By the end of 2, accounts receivable of Industrial Enterprises above Designated Size reached 13 trillion and 800 billion yuan, an increase of 12.2% over the same period last year, and inventories of finished goods were 4 trillion and 248 billion 620 million yuan, up 8.7%.

From 1 to February, the cost of industrial revenue per 100 yuan for industrial enterprises above designated size was 84.07 yuan, a decrease of 0.02 yuan compared with the same period last year, and the cost per 100 yuan business income was 10.12 yuan, an increase of 0.87 yuan compared with the same period last year.

At the end of 2, the operating income of Industrial Enterprises above 100 yuan per 100 yuan reached 60.6 yuan, a decrease of 17.7 yuan compared with the same period last year, and the per capita operating income was 1 million 20 thousand yuan, a decrease of 141 thousand yuan compared with the same period last year. The turnover of finished goods inventory was 26.1 days, an increase of 6.4 days compared with that of the previous year; the average payback period of accounts receivable was 71.3 days, up 19.1 days from the same period.