From January to March, China's industrial enterprises above designated size achieved a total profit of 1,825.38 billion yuan, a year-on-year increase of 1.37 times (according to the comparable caliber, see Note 2 for details), an increase of 50.2 percent over January to March 2019, and an average increase of 22.6 percent in two years.
From January to March, among the industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 616.54 billion yuan, a year-on-year increase of 1.99 times; The total profits of joint-stock enterprises reached 1,279.27 billion yuan, an increase of 1.29 times; The total profits of enterprises invested by foreign investors, Hong Kong, Macao and Taiwan reached 512.81 billion yuan, an increase of 1.61 times; The total profit of private enterprises was 516.33 billion yuan, an increase of 91.9 percent.
From January to March, the total profit of mining industry was 151.95 billion yuan, up 77.1 percent year on year; The total profit of manufacturing industry was 1,536.63 billion yuan, an increase of 1.58 times; Power, heat, gas and water production and supply industry realized a total profit of 136.8 billion yuan, an increase of 56.9 percent.
From January to March, of the 41 major industries, the total profits of 39 increased year-on-year, one turned losses into profits, and one realized loss reduction. The profits of the main industries were as follows: the total profits of automobile manufacturing industry increased by 8.43 times, that of non-ferrous metal smelting and processing industry increased by 4.71 times, that of ferrous metal smelting and processing industry increased by 3.88 times, that of chemical raw materials and chemical products manufacturing industry increased by 3.43 times, that of electrical machinery and equipment manufacturing industry increased by 1.67 times, that of special equipment manufacturing industry increased by 1.46 times, and that of computer, communications and other electronic equipment manufacturing industry increased by 1.41 times, that of general equipment manufacturing industry increased by 1.19 times, that of coal mining and washing industry increased by 94.3 percent, that of non-metallic mineral products industry increased by 69.1 percent, that of power and heat production and supply industry increased by 50.7 percent, that of textile industry increased by 40.4 percent, that of agricultural and sideline food processing industry increased by 28.9 percent, and that of oil and natural gas exploration industry increased by 18.4 percent.
From January to March, the operating revenue of industrial enterprises above designated size reached 27.48 trillion yuan, a year-on-year increase of 38.7 percent; The operating costs incurred were 22.91 trillion yuan, an increase of 36.5 percent; The profit margin of operating revenue was 6.64 percent, up 2.76 percentage points year on year.
At the end of March, the assets of industrial enterprises above designated size totaled 128.70 trillion yuan, up 9.5 percent year on year; Total liabilities amounted to 72.47 trillion yuan, an increase of 9.0 percent; The total owner's equity was 56.23 trillion yuan, an increase of 10.1 percent; The asset liability ratio was 56.3 percent, a year-on-year decrease of 0.3 percentage point.
At the end of March, the accounts receivable of industrial enterprises above designated size reached 16.59 trillion yuan, up 17.1 percent year on year; Finished goods inventory reached 4.73 trillion yuan, an increase of 8.5 percent.
From January to March, the cost per 100 yuan of operating income of industrial enterprises above designated size was 83.37 yuan, a year-on-year decrease of 1.36 yuan; The cost per 100 yuan of operating income was 8.60 yuan, a year-on-year decrease of 1.04 yuan.
At the end of March, the operating income of industrial enterprises above designated size per 100 yuan of assets was 86.0 yuan, an increase of 18.1 yuan year on year; The per capita operating income was 1.527 million yuan, an increase of 408 thousand yuan over the same period last year; The turnover days of finished goods inventory was 18.3 days, a year-on-year decrease of 4.7 days; The average payback period of accounts receivable was 53.8 days, a year-on-year decrease of 10.2 days.
In March, industrial enterprises above designated size achieved a total profit of 711.18 billion yuan, up 92.3 percent year on year.
