Profits of industrial enterprises above size decreased by 2.3% from January to May 2019-Shanghai Metals Market

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Profits of industrial enterprises above size decreased by 2.3% from January to May 2019

Translation 09:50:42AM Jun 27, 2019 Source:Securities time Network
The content below was translated by Tencent automatically for reference.

SMM News: according to the National Bureau of Statistics, from January to May, the total profits of industrial enterprises above scale nationwide totaled 2.37902 trillion yuan, down 2.3 percent from the same period last year (according to comparable caliber, taking into account the caliber adjustment stipulated in the statistical system, the enhancement of statistical law enforcement, the elimination of duplicate data, the divestiture of enterprise reform, the inventory of four economic and common units, and other factors, see note 4 for details). The decline was 1.1 percentage points narrower than in January-April.

From January to May, among industrial enterprises above size, the total profits of state-controlled enterprises totaled 734.23 billion yuan, down 9.7 percent from the same period last year; the total profits of joint-stock enterprises totaled 1.69931 trillion yuan, up 0.4 percent; the total profits of foreign businessmen and enterprises invested by Hong Kong, Macao and Taiwan totaled 577.58 billion yuan, down 8.3 percent; and the total profits of private enterprises totaled 607.27 billion yuan, an increase of 6.6 percent.

From January to May, the total profits of the mining industry totaled 231.12 billion yuan, an increase of 4.7 percent over the same period last year; the total profits of the manufacturing industry totaled 1.95194 trillion yuan, down 4.1 percent; and the total profits of the electricity, heat, gas, and water production and supply industries totaled 195.96 billion yuan, an increase of 9.6 percent.

From January to May, of the 41 major industrial sectors, total profits in 26 industries increased year-on-year, while 15 industries decreased. The profits of the main industries are as follows: the total profit of the oil and natural gas mining industry increased by 24.0% compared with the same period last year, the special equipment manufacturing industry increased by 17.7%, the electrical machinery and equipment manufacturing industry increased by 15.9%, the electric and thermal production and supply industry increased by 13.7%, the non-metallic mineral products industry increased by 12.9%, the general equipment manufacturing industry increased by 7.4%, and the textile industry increased by 3.2%. The non-ferrous metal smelting and Calendering industry increased by 2.6 percent, the oil, coal and other fuel processing industries fell by 51.3 percent, the automobile industry by 27.2 percent, the ferrous metal smelting and Calendering industry by 22.4 percent, the chemical raw materials and chemical products industry by 13.6 percent, the computer, communications and other electronic equipment industry by 13.0 percent, and the coal mining and washing industry by 9.4 percent. The agricultural and non-staple food processing industry fell by 3.7 percent.

From January to May, industrial enterprises above scale achieved operating income of 41.61 trillion yuan, an increase of 5.1 percent over the same period last year; operating costs totaled 35.1 trillion yuan, an increase of 5.4 percent; and the profit margin of operating income was 5.72 percent, down 0.43 percentage points from the same period last year.

At the end of May, the assets of industrial enterprises above scale totaled 113.35 trillion yuan, up 6.3 percent over the same period last year; liabilities totaled 64.39 trillion yuan, up 5.3 percent; owners' equity totaled 48.96 trillion yuan, up 7.7 percent; and the asset-liability ratio was 56.8 percent, down 0.6 percentage points from the same period last year.

At the end of May, bills and accounts receivable from industrial enterprises above scale totaled 16.3 trillion yuan, an increase of 4.5 percent over the same period last year, and finished goods inventory totaled 4.19449 trillion yuan, an increase of 4.1 percent.

From January to May, the cost per 100 yuan of operating income of industrial enterprises above scale was 84.36 yuan, an increase of 0.21 yuan over the same period last year, and the cost per 100 yuan of operating income was 8.64 yuan, an increase of 0.21 yuan over the same period last year.

In May, the total profits of industrial enterprises above size reached 565.56 billion yuan, up 1.1 percent from a year earlier, and down 3.7 percent in April from a year earlier.

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Key Words:  National  industrial  profit 

Profits of industrial enterprises above size decreased by 2.3% from January to May 2019

Translation 09:50:42AM Jun 27, 2019 Source:Securities time Network
The content below was translated by Tencent automatically for reference.

SMM News: according to the National Bureau of Statistics, from January to May, the total profits of industrial enterprises above scale nationwide totaled 2.37902 trillion yuan, down 2.3 percent from the same period last year (according to comparable caliber, taking into account the caliber adjustment stipulated in the statistical system, the enhancement of statistical law enforcement, the elimination of duplicate data, the divestiture of enterprise reform, the inventory of four economic and common units, and other factors, see note 4 for details). The decline was 1.1 percentage points narrower than in January-April.

From January to May, among industrial enterprises above size, the total profits of state-controlled enterprises totaled 734.23 billion yuan, down 9.7 percent from the same period last year; the total profits of joint-stock enterprises totaled 1.69931 trillion yuan, up 0.4 percent; the total profits of foreign businessmen and enterprises invested by Hong Kong, Macao and Taiwan totaled 577.58 billion yuan, down 8.3 percent; and the total profits of private enterprises totaled 607.27 billion yuan, an increase of 6.6 percent.

From January to May, the total profits of the mining industry totaled 231.12 billion yuan, an increase of 4.7 percent over the same period last year; the total profits of the manufacturing industry totaled 1.95194 trillion yuan, down 4.1 percent; and the total profits of the electricity, heat, gas, and water production and supply industries totaled 195.96 billion yuan, an increase of 9.6 percent.

From January to May, of the 41 major industrial sectors, total profits in 26 industries increased year-on-year, while 15 industries decreased. The profits of the main industries are as follows: the total profit of the oil and natural gas mining industry increased by 24.0% compared with the same period last year, the special equipment manufacturing industry increased by 17.7%, the electrical machinery and equipment manufacturing industry increased by 15.9%, the electric and thermal production and supply industry increased by 13.7%, the non-metallic mineral products industry increased by 12.9%, the general equipment manufacturing industry increased by 7.4%, and the textile industry increased by 3.2%. The non-ferrous metal smelting and Calendering industry increased by 2.6 percent, the oil, coal and other fuel processing industries fell by 51.3 percent, the automobile industry by 27.2 percent, the ferrous metal smelting and Calendering industry by 22.4 percent, the chemical raw materials and chemical products industry by 13.6 percent, the computer, communications and other electronic equipment industry by 13.0 percent, and the coal mining and washing industry by 9.4 percent. The agricultural and non-staple food processing industry fell by 3.7 percent.

From January to May, industrial enterprises above scale achieved operating income of 41.61 trillion yuan, an increase of 5.1 percent over the same period last year; operating costs totaled 35.1 trillion yuan, an increase of 5.4 percent; and the profit margin of operating income was 5.72 percent, down 0.43 percentage points from the same period last year.

At the end of May, the assets of industrial enterprises above scale totaled 113.35 trillion yuan, up 6.3 percent over the same period last year; liabilities totaled 64.39 trillion yuan, up 5.3 percent; owners' equity totaled 48.96 trillion yuan, up 7.7 percent; and the asset-liability ratio was 56.8 percent, down 0.6 percentage points from the same period last year.

At the end of May, bills and accounts receivable from industrial enterprises above scale totaled 16.3 trillion yuan, an increase of 4.5 percent over the same period last year, and finished goods inventory totaled 4.19449 trillion yuan, an increase of 4.1 percent.

From January to May, the cost per 100 yuan of operating income of industrial enterprises above scale was 84.36 yuan, an increase of 0.21 yuan over the same period last year, and the cost per 100 yuan of operating income was 8.64 yuan, an increase of 0.21 yuan over the same period last year.

In May, the total profits of industrial enterprises above size reached 565.56 billion yuan, up 1.1 percent from a year earlier, and down 3.7 percent in April from a year earlier.

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Key Words:  National  industrial  profit