Bureau of Statistics: profits of industrial enterprises above size drop 2.4% in the first half of the year-Shanghai Metals Market

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Bureau of Statistics: profits of industrial enterprises above size drop 2.4% in the first half of the year

Translation 11:20:20AM Jul 27, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

SMM News: from January to June, the total profits of industrial enterprises above scale nationwide totaled 2.984 trillion yuan, down 2.4 percent from the same period last year (calculated 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 general units, and other factors, see note 4 for details), the rate of decline was 0.1 percentage points larger than that from January to May.

From January to June, among industrial enterprises above size, the total profits of state-controlled enterprises totaled 936.88 billion yuan, down 8.7 percent from the same period last year; the total profits of joint-stock enterprises totaled 2.13906 trillion yuan, up 0.2 percent; the total profits of foreign businessmen and enterprises invested by Hong Kong, Macao and Taiwan totaled 718.62 billion yuan, down 8.4 percent; and the total profits of private enterprises totaled 743.07 billion yuan, an increase of 6.0 percent.

From January to June, the total profits of the mining industry totaled 283.86 billion yuan, an increase of 4.2 percent over the same period last year; the total profits of the manufacturing industry totaled 2.46083 trillion yuan, down 4.1 percent; and the total profits of the electricity, heat, gas, and water production and supply industries totaled 239.31 billion yuan, an increase of 9.0 percent.

From January to June, 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 17.8% compared with the same period last year, the special equipment manufacturing industry increased by 16.6%, the electrical machinery and equipment manufacturing industry increased by 13.0%, the non-metallic mineral products industry increased by 11.9%, the power, heat production and supply industry increased by 11.5%, the general equipment manufacturing industry increased by 5.5%, and the non-ferrous metal smelting and Calendering industry increased by 3.1%. The oil, coal and other fuel processing industry fell by 53.6%, the automobile industry by 24.9%, the ferrous metal smelting and Calendering industry by 21.8%, the chemical raw materials and chemical products industry by 13.8%, the computer, communications and other electronic equipment industry by 7.9%, the coal mining and washing industry by 7.1%, the agricultural and non-staple food processing industry by 2.0%, and the textile industry by 0.1%.

From January to June, industrial enterprises above scale achieved operating income of 50.9 trillion yuan, an increase of 4.7 percent over the same period last year; operating costs totaled 42.92 trillion yuan, an increase of 5.0 percent; and the profit margin of operating income was 5.86 percent, down 0.43 percentage points from the same period last year.

At the end of June, the assets of industrial enterprises above scale totaled 114.3 trillion yuan, up 6.3 percent over the same period last year; liabilities totaled 65.1 trillion yuan, up 5.6 percent; owners' equity totaled 49.2 trillion yuan, up 7.2 percent; and the asset-liability ratio was 57.0 percent, down 0.3 percent from the same period last year.

At the end of June, bills and accounts receivable from industrial enterprises above scale totaled 16.61 trillion yuan, an increase of 4.4 percent over the same period last year, and finished goods inventory totaled 4.17899 trillion yuan, an increase of 3.5 percent.

From January to June, the cost per 100 yuan of operating income of industrial enterprises above scale was 84.33 yuan, an increase of 0.22 yuan over the same period last year, and the cost per 100 yuan of operating income was 8.66 yuan, an increase of 0.21 yuan over the same period last year.

At the end of June, the operating income of industrial enterprises above scale was 90.9 yuan per 100 yuan, down 1.4 yuan from the same period last year; the per capita operating income was 1.352 million yuan, an increase of 111000 yuan over the same period last year; the turnover days of finished goods inventory was 17.2 days, unchanged from the same period last year; the average payback period of notes receivable and accounts receivable was 54.4 days, an increase of 1.6 days over the same period last year.

In June, the total profits of industrial enterprises above size reached 601.92 billion yuan, down 3.1 percent from a year earlier, and up 1.1 percent in May from a year earlier.

Bureau of Statistics: profits of industrial enterprises above size drop 2.4% in the first half of the year

Translation 11:20:20AM Jul 27, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

SMM News: from January to June, the total profits of industrial enterprises above scale nationwide totaled 2.984 trillion yuan, down 2.4 percent from the same period last year (calculated 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 general units, and other factors, see note 4 for details), the rate of decline was 0.1 percentage points larger than that from January to May.

From January to June, among industrial enterprises above size, the total profits of state-controlled enterprises totaled 936.88 billion yuan, down 8.7 percent from the same period last year; the total profits of joint-stock enterprises totaled 2.13906 trillion yuan, up 0.2 percent; the total profits of foreign businessmen and enterprises invested by Hong Kong, Macao and Taiwan totaled 718.62 billion yuan, down 8.4 percent; and the total profits of private enterprises totaled 743.07 billion yuan, an increase of 6.0 percent.

From January to June, the total profits of the mining industry totaled 283.86 billion yuan, an increase of 4.2 percent over the same period last year; the total profits of the manufacturing industry totaled 2.46083 trillion yuan, down 4.1 percent; and the total profits of the electricity, heat, gas, and water production and supply industries totaled 239.31 billion yuan, an increase of 9.0 percent.

From January to June, 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 17.8% compared with the same period last year, the special equipment manufacturing industry increased by 16.6%, the electrical machinery and equipment manufacturing industry increased by 13.0%, the non-metallic mineral products industry increased by 11.9%, the power, heat production and supply industry increased by 11.5%, the general equipment manufacturing industry increased by 5.5%, and the non-ferrous metal smelting and Calendering industry increased by 3.1%. The oil, coal and other fuel processing industry fell by 53.6%, the automobile industry by 24.9%, the ferrous metal smelting and Calendering industry by 21.8%, the chemical raw materials and chemical products industry by 13.8%, the computer, communications and other electronic equipment industry by 7.9%, the coal mining and washing industry by 7.1%, the agricultural and non-staple food processing industry by 2.0%, and the textile industry by 0.1%.

From January to June, industrial enterprises above scale achieved operating income of 50.9 trillion yuan, an increase of 4.7 percent over the same period last year; operating costs totaled 42.92 trillion yuan, an increase of 5.0 percent; and the profit margin of operating income was 5.86 percent, down 0.43 percentage points from the same period last year.

At the end of June, the assets of industrial enterprises above scale totaled 114.3 trillion yuan, up 6.3 percent over the same period last year; liabilities totaled 65.1 trillion yuan, up 5.6 percent; owners' equity totaled 49.2 trillion yuan, up 7.2 percent; and the asset-liability ratio was 57.0 percent, down 0.3 percent from the same period last year.

At the end of June, bills and accounts receivable from industrial enterprises above scale totaled 16.61 trillion yuan, an increase of 4.4 percent over the same period last year, and finished goods inventory totaled 4.17899 trillion yuan, an increase of 3.5 percent.

From January to June, the cost per 100 yuan of operating income of industrial enterprises above scale was 84.33 yuan, an increase of 0.22 yuan over the same period last year, and the cost per 100 yuan of operating income was 8.66 yuan, an increase of 0.21 yuan over the same period last year.

At the end of June, the operating income of industrial enterprises above scale was 90.9 yuan per 100 yuan, down 1.4 yuan from the same period last year; the per capita operating income was 1.352 million yuan, an increase of 111000 yuan over the same period last year; the turnover days of finished goods inventory was 17.2 days, unchanged from the same period last year; the average payback period of notes receivable and accounts receivable was 54.4 days, an increase of 1.6 days over the same period last year.

In June, the total profits of industrial enterprises above size reached 601.92 billion yuan, down 3.1 percent from a year earlier, and up 1.1 percent in May from a year earlier.