From January To June, The Profits Of Industrial Enterprises Above Designated Size Decreased By 12.8%

Original title: profits of Industrial Enterprises above Designated Size in China will drop by 12.8% from January to June 2020

From January to June, the total profits of Industrial Enterprises above Designated Size nationwide reached 251.49 billion yuan, a year-on-year decrease of 12.8% (calculated according to comparable caliber), and the decline rate was 6.5 percentage points lower than that in January may.

From January to June, the total profits of state-owned holding enterprises were 661.41 billion yuan, down 28.5% year-on-year; the total profits of joint-stock enterprises were 1824.71 billion yuan, down 13.7%; the total profits of foreign-funded and Hong Kong, Macao and Taiwan invested enterprises were 648.64 billion yuan, down 8.8%; and the total profits of private enterprises were 711.98 billion yuan, down 8.4%.

From January to June, the total profit of mining industry was 164.7 billion yuan, down 41.7% year-on-year; the total profit of manufacturing industry was 2122.3 billion yuan, down 9.8%; the total profit of power, heat, gas and water production and supply industry was 224.5 billion yuan, down 8.7%.

From January to June, the total profits of 9 industries increased year on year, 1 industry remained unchanged and 31 industries decreased. The profits of major industries are as follows: the total profits of computer, communication and other electronic equipment manufacturing industry increased by 27.2%, special equipment manufacturing industry increased by 20.7%, agricultural and sideline food processing industry increased by 14.8%, oil and natural gas exploitation industry decreased by 72.6%, ferrous metal smelting and rolling processing industry decreased by 40.3%, chemical raw materials and chemical products manufacturing industry decreased by 32.2%, coal mining and washing industry were decreased It decreased by 31.2%, nonferrous metal smelting and rolling processing industry by 29.4%, automobile manufacturing industry by 20.7%, power and heat production and supply industry by 9.5%, non-metallic mineral products industry by 8.7%, electrical machinery and equipment manufacturing industry by 6.4%, textile industry by 5.6%, general equipment manufacturing industry by 1.1%, and oil, coal and other fuel processing industries changed from profit to loss in the same period.

From January to June, the operating revenue of Industrial Enterprises above Designated Size reached 46.31 trillion yuan, a year-on-year decrease of 5.2%; the operating costs incurred were 39.16 trillion yuan, a decrease of 4.7%; the profit margin of operating income was 5.42%, a year-on-year decrease of 0.48 percentage points.

At the end of June, the total assets of Industrial Enterprises above Designated Size reached 120.14 trillion yuan, an increase of 6.5% over the same period of last year; liabilities totaled 68.41 trillion yuan, an increase of 6.4%; owner's equity totaled 51.73 trillion yuan, an increase of 6.5%; the asset liability ratio was 56.9%, a year-on-year decrease of 0.1 percentage points.

At the end of June, the accounts receivable of Industrial Enterprises above Designated Size reached 15.34 trillion yuan, a year-on-year increase of 12.7%; and the inventory of finished products was 4.44 trillion yuan, an increase of 8.3%.

The operating cost of the medium-sized enterprises increased by RMB 1.0 to RMB 0.84 per 100 in the same month.

At the end of June, the operating income of Industrial Enterprises above designated size per 100 yuan of assets was 78.8 yuan, a year-on-year decrease of 9.6 yuan; the per capita operating income was 1.296 million yuan, with a year-on-year decrease of 15000 yuan; the turnover days of finished goods inventory was 20.0 days, with a year-on-year increase of 2.5 days; the average recovery period of accounts receivable was 56.6 days, an increase of 8.8 days.

The growth rate of total industrial enterprises was more than 665 million yuan, with an increase rate of 66.5 billion yuan compared with the same period of last year.