Focus On Data: In 2020, The Profit Of Industrial Enterprises Above Designated Size Will Increase By 4.1%, And The Textile Industry Will Increase By 7.9%

In 2020, the total profit of Industrial Enterprises above Designated Size in China will reach 6451.61 billion yuan, an increase of 4.1% over the previous year (calculated according to comparable caliber).

In 2020, among the industrial enterprises above Designated Size, the total profit of state-owned holding enterprises was 1486.08 billion yuan, down by 2.9% over the previous year; the total profit of joint-stock enterprises was 4544.53 billion yuan, an increase of 3.4%; the total profit of foreign-funded enterprises, Hong Kong, Macao and Taiwan enterprises was 1823.41 billion yuan, an increase of 7.0%; the total profit of private enterprises was 2026.18 billion yuan, an increase of 3.1%.

In 2020, the total profit of the mining industry was 355.32 billion yuan, a decrease of 31.5% over the previous year; the total profit of the manufacturing industry was 5579.51 billion yuan, an increase of 7.6%; the total profit of the power, heat, gas and water production and supply industry was 516.78 billion yuan, an increase of 4.9%.

In 2020, among the 41 major industries, the total profits of 26 industries increased year on year, while 15 industries decreased. The profits of major industries are as follows: the total profits of special equipment manufacturing industry increased by 24.4%, chemical raw materials and chemical products manufacturing industry increased by 20.9%, nonferrous metal smelting and rolling processing industry increased by 20.3%, computer, communication and other electronic equipment manufacturing industry increased by 17.2%, general equipment manufacturing industry increased by 13.0%, textile industry increased by 7.9%, and electrical machinery and equipment manufacturing industry increased by 6.0% Agricultural and sideline food processing industry increased by 5.9%, automobile manufacturing industry increased by 4.0%, power and heat production and supply industry increased by 3.4%, non-metallic mineral products industry increased by 2.7%, oil and natural gas exploitation industry decreased by 83.2%, oil, coal and other fuel processing industry decreased by 26.5%, coal mining and washing industry decreased by 21.1%, ferrous metal smelting and rolling processing industry decreased by 7.5%.

In 2020, the operating revenue of Industrial Enterprises above Designated Size will reach 106.14 trillion yuan, an increase of 0.8% over the previous year; the operating costs will reach 89.04 trillion yuan, an increase of 0.6%; the profit margin of operating revenue will be 6.08%, an increase of 0.20 percentage points over the previous year.

By the end of 2020, the total assets of Industrial Enterprises above Designated Size reached 126.76 trillion yuan, an increase of 6.7% over the end of the previous year; liabilities totaled 71.06 trillion yuan, an increase of 6.1%; owner's equity totaled 55.70 trillion yuan, an increase of 7.4%; the asset liability ratio was 56.1%, down 0.3 percentage points from the end of the previous year.

By the end of 2020, the accounts receivable of Industrial Enterprises above Designated Size reached 16.41 trillion yuan, an increase of 15.1% over the end of the previous year, and the inventory of finished products was 4.60 trillion yuan, an increase of 7.5%.

In 2020, the cost of Industrial Enterprises above Designated Size in operating revenue per 100 yuan is 83.89 yuan, which is 0.11 yuan lower than that of the previous year; the cost of operating income per hundred yuan is 9.17 yuan, an increase of 0.14 yuan over the previous year.

By the end of 2020, the operating income of Industrial Enterprises above designated size per 100 yuan of assets is 87.8 yuan, 5.0 yuan less than the end of the previous year; the per capita operating income is 1.45 million yuan, an increase of 55000 yuan over the end of the previous year; the turnover days of finished goods inventory is 17.9 days, an increase of 1.2 days compared with the end of the previous year; the average recovery period of accounts receivable is 51.2 days, 5.8 days higher than the end of the previous year.

In December 2020, the total profit of Industrial Enterprises above Designated Size will reach 707.11 billion yuan, with a year-on-year increase of 20.1%, 4.6 percentage points faster than that in November.