In the first five months, the profits of industrial enterprises above scale across the country fell by 4.7 per cent over the same period last year, narrowing the total profits realized by the mining industry by 231.12 billion yuan compared with the same pe-Shanghai Metals Market

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In the first five months, the profits of industrial enterprises above scale across the country fell by 4.7 per cent over the same period last year, narrowing the total profits realized by the mining industry by 231.12 billion yuan compared with the same pe

Translation 10:12:25AM Jul 02, 2019 Source:China Nonferrous Metals News
The content below was translated by Tencent automatically for reference.

SMM News: on June 27, the National Bureau of Statistics released financial data for industrial enterprises for May. According to the data, in the first five months of this year, the total profits of industrial enterprises above scale nationwide totaled 2.37902 trillion yuan, down 2.3 percent from the same period last year, a decrease of 1.1 percentage points from the previous four months.

Since the beginning of this year, the cumulative profits of industrial enterprises above scale have continued to decline from the same period last year, with a cumulative decline of 14.0% in the first two months compared with the same period last year. Since March, the cumulative profit decline of industrial enterprises above size has narrowed compared with the same period last year.

In the first five months, among the industrial enterprises above size, the total profits of private enterprises were lower than those of state-owned holding enterprises, but the growth rate was significantly faster than that of state-owned holding enterprises. Of this total, the total profits of state-owned holding enterprises totaled 734.23 billion yuan, down 9.7 percent from the same period last year, while the total profits of private enterprises totaled 607.27 billion yuan, an increase of 6.6 percent.

In the first five months, the total profit of the mining industry was 231.12 billion yuan, an increase of 4.7 percent over the same period last year; the total profit of the manufacturing industry was 1.95194 trillion yuan, down 4.1 percent; and the total profit of the electricity, heat, gas, and water production and supply industries was 195.96 billion yuan, an increase of 9.6 percent.

In the 41 major industrial sectors, in the first five months, total profits in 26 industries increased compared with the same period last year, while 15 industries decreased. Among them, the total profits 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%, the textile industry increased by 3.2%, and the non-ferrous metal smelting and Calendering industry increased by 2.6%. The oil, coal and other fuel processing industry fell 51.3%, and the automobile industry fell 27.2%.

In May, the total profits of industrial enterprises above the national scale rose 1.1% from a year earlier, changing from negative to positive (down 3.7% in April from a year earlier).

"in May, the profits of industrial enterprises above size changed from falling to rising from a year earlier, mainly due to accelerated sales growth, improved profits in some industries, and a slowdown in expense growth." Zhu Hong, senior statistician at the Industry Department of the National Bureau of Statistics, analyzed.

The operating income of industrial enterprises above size rose 5.0 per cent in May from a year earlier, after falling 0.7 per cent in April. Against the backdrop of a marked acceleration in sales growth, the growth rate of corporate expenses has slowed down. In May, the four expenses of industrial enterprises above size rose 6.2 percent from a year earlier, 1.9 percentage points lower than in April. Among them, due to exchange gains and losses, financial expenses fell 3.9% from a year earlier, compared with an increase of 0.3% in April. It is estimated that the decline in the growth rate of four items of expenses will affect the profit growth rate of industrial enterprises above all sizes by 2.6 percentage points compared with April.

Fortunately, profits in the major equipment manufacturing and coal industries have picked up. In May, due to the rebound in production and sales driven by the listing of new products and the low base in the same period, the profit of the electronics industry fell 6.6 percent from a year earlier, a sharp decrease of 24.4 percentage points from April. Affected by the pick-up in market demand, the profit of the electrical machinery industry increased by 19.7 percent, 18.0 percentage points faster than that in April, and the profits of the general equipment and special equipment industries rose 7.9 percent and 17.3 percent, respectively, down 14.1 percent and 12.0 percent in April, respectively. Due to the rebound in coal prices, the profit of the coal mining industry rose 20.3 percent, compared with 13.2 percent in April. The combined impact of the five industries on the profit growth rate of industrial enterprises above all sizes rebounded by 6.0 percentage points compared with April.

From a structural point of view, profits in high-tech manufacturing and strategic emerging industries rose 6.2% and 6.7% respectively in May compared with the same period last year, 5.1 and 5.6 percentage points higher than all regulated industries, and fell 15.1% and 8.4% in April, respectively. The profit growth rate of high-tech manufacturing industry and strategic emerging industry has changed from negative to positive, indicating that the industrial structure continues to be optimized.

As the efficiency of industrial enterprises above scale has changed from decreasing to increasing compared with the same period last year, the benefit situation of enterprises has also been improved. At the end of May, the per capita operating income of industrial enterprises above scale was 1.328 million yuan, an increase of 111000 yuan over the same period last year.

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In the first five months, the profits of industrial enterprises above scale across the country fell by 4.7 per cent over the same period last year, narrowing the total profits realized by the mining industry by 231.12 billion yuan compared with the same pe

Translation 10:12:25AM Jul 02, 2019 Source:China Nonferrous Metals News
The content below was translated by Tencent automatically for reference.

SMM News: on June 27, the National Bureau of Statistics released financial data for industrial enterprises for May. According to the data, in the first five months of this year, the total profits of industrial enterprises above scale nationwide totaled 2.37902 trillion yuan, down 2.3 percent from the same period last year, a decrease of 1.1 percentage points from the previous four months.

Since the beginning of this year, the cumulative profits of industrial enterprises above scale have continued to decline from the same period last year, with a cumulative decline of 14.0% in the first two months compared with the same period last year. Since March, the cumulative profit decline of industrial enterprises above size has narrowed compared with the same period last year.

In the first five months, among the industrial enterprises above size, the total profits of private enterprises were lower than those of state-owned holding enterprises, but the growth rate was significantly faster than that of state-owned holding enterprises. Of this total, the total profits of state-owned holding enterprises totaled 734.23 billion yuan, down 9.7 percent from the same period last year, while the total profits of private enterprises totaled 607.27 billion yuan, an increase of 6.6 percent.

In the first five months, the total profit of the mining industry was 231.12 billion yuan, an increase of 4.7 percent over the same period last year; the total profit of the manufacturing industry was 1.95194 trillion yuan, down 4.1 percent; and the total profit of the electricity, heat, gas, and water production and supply industries was 195.96 billion yuan, an increase of 9.6 percent.

In the 41 major industrial sectors, in the first five months, total profits in 26 industries increased compared with the same period last year, while 15 industries decreased. Among them, the total profits 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%, the textile industry increased by 3.2%, and the non-ferrous metal smelting and Calendering industry increased by 2.6%. The oil, coal and other fuel processing industry fell 51.3%, and the automobile industry fell 27.2%.

In May, the total profits of industrial enterprises above the national scale rose 1.1% from a year earlier, changing from negative to positive (down 3.7% in April from a year earlier).

"in May, the profits of industrial enterprises above size changed from falling to rising from a year earlier, mainly due to accelerated sales growth, improved profits in some industries, and a slowdown in expense growth." Zhu Hong, senior statistician at the Industry Department of the National Bureau of Statistics, analyzed.

The operating income of industrial enterprises above size rose 5.0 per cent in May from a year earlier, after falling 0.7 per cent in April. Against the backdrop of a marked acceleration in sales growth, the growth rate of corporate expenses has slowed down. In May, the four expenses of industrial enterprises above size rose 6.2 percent from a year earlier, 1.9 percentage points lower than in April. Among them, due to exchange gains and losses, financial expenses fell 3.9% from a year earlier, compared with an increase of 0.3% in April. It is estimated that the decline in the growth rate of four items of expenses will affect the profit growth rate of industrial enterprises above all sizes by 2.6 percentage points compared with April.

Fortunately, profits in the major equipment manufacturing and coal industries have picked up. In May, due to the rebound in production and sales driven by the listing of new products and the low base in the same period, the profit of the electronics industry fell 6.6 percent from a year earlier, a sharp decrease of 24.4 percentage points from April. Affected by the pick-up in market demand, the profit of the electrical machinery industry increased by 19.7 percent, 18.0 percentage points faster than that in April, and the profits of the general equipment and special equipment industries rose 7.9 percent and 17.3 percent, respectively, down 14.1 percent and 12.0 percent in April, respectively. Due to the rebound in coal prices, the profit of the coal mining industry rose 20.3 percent, compared with 13.2 percent in April. The combined impact of the five industries on the profit growth rate of industrial enterprises above all sizes rebounded by 6.0 percentage points compared with April.

From a structural point of view, profits in high-tech manufacturing and strategic emerging industries rose 6.2% and 6.7% respectively in May compared with the same period last year, 5.1 and 5.6 percentage points higher than all regulated industries, and fell 15.1% and 8.4% in April, respectively. The profit growth rate of high-tech manufacturing industry and strategic emerging industry has changed from negative to positive, indicating that the industrial structure continues to be optimized.

As the efficiency of industrial enterprises above scale has changed from decreasing to increasing compared with the same period last year, the benefit situation of enterprises has also been improved. At the end of May, the per capita operating income of industrial enterprises above scale was 1.328 million yuan, an increase of 111000 yuan over the same period last year.

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business