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From January to June 2020, the profits of large-scale industrial enterprises across the country fell by 12.8%.
Jul 27,2020 09:35CST
translation
Source: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 the national scale reached 2.51149 trillion yuan, down 12.8% from the same period last year (calculated in terms of comparable caliber, see note 2 for details), which was 6.5 percentage points lower than that in January-May.

From January to June, among industrial enterprises above scale, the total profits of state-controlled enterprises totaled 661.41 billion yuan, down 28.5 percent from the same period last year; the total profits of joint-stock enterprises totaled 1.82471 trillion yuan, down 13.7 percent; the total profits of foreign investors and Hong Kong, Macao and Taiwan investment enterprises totaled 648.64 billion yuan, down 8.8 percent; and the total profits of private enterprises totaled 711.98 billion yuan, down 8.4 percent.

From January to June, the total profits of the mining industry totaled 164.7 billion yuan, down 41.7 percent from the same period last year; the total profits of the manufacturing industry totaled 2.1223 trillion yuan, down 9.8 percent; and the total profits of the electricity, heat, gas and water production and supply industries totaled 224.5 billion yuan, down 8.7 percent.

From January to June, of the 41 major industrial sectors, the total profits of 9 industries increased compared with the same period last year, 1 industry was flat, and 31 industries decreased. The profits of the main industries are as follows: the total profits of the computer, communications and other electronic equipment manufacturing industry increased by 27.2% over the same period last year, the special equipment manufacturing industry increased by 20.7%, the agricultural and non-staple food processing industry grew by 14.8%, and the oil and natural gas mining industry decreased by 72.6%. The ferrous metal smelting and Calendering processing industry fell by 40.3%, and the chemical raw materials and chemical products manufacturing industry decreased by 32.2%. The coal mining and washing industry fell by 31.2%, the non-ferrous metal smelting and Calendering industry by 29.4%, the automobile manufacturing industry by 20.7%, the power, thermal production and supply industry by 9.5%, the non-metallic mineral products industry by 8.7%, the electrical machinery and equipment manufacturing industry by 6.4%, the textile industry by 5.6%, and the general equipment manufacturing industry by 1.1%. The oil, coal and other fuel processing industries changed from profits to losses in the same period.

From January to June, the operating income of industrial enterprises above scale reached 46.31 trillion yuan, down 5.2% from the same period last year; the operating cost was 39.16 trillion yuan, down 4.7%; and the profit margin of operating income was 5.42%, down 0.48% from the same period last year.

At the end of June, the assets of industrial enterprises above scale totaled 120.14 trillion yuan, up 6.5 percent from the same period last year; liabilities totaled 68.41 trillion yuan, up 6.4 percent; owners' equity totaled 51.73 trillion yuan, up 6.5 percent; and the asset-liability ratio was 56.9 percent, down 0.1 percent from the same period last year.

At the end of June, accounts receivable of industrial enterprises above scale totaled 15.34 trillion yuan, up 12.7 percent over the same period last year, and inventory of finished goods totaled 4.44 trillion yuan, up 8.3 percent.

From January to June, the cost of industrial enterprises above scale was 84.56 yuan per 100 yuan of operating income, an increase of 0.42 yuan over the same period last year, and the cost of every 100 yuan of operating income was 9.05 yuan, an increase of 0.23 yuan over the same period last year.

At the end of June, the operating income of industrial enterprises above scale reached 78.8 yuan per 100 yuan of assets, down 9.6 yuan from the same period last year; the per capita operating income was 1.296 million yuan, down 15000 yuan from the same period last year; the inventory turnover days of finished goods was 20.0 days, an increase of 2.5 days over the same period last year; the average payback period of accounts receivable was 56.6 days, an increase of 8.8 days over the same period last year.

In June, the total profits of industrial enterprises above scale reached 666.55 billion yuan, an increase of 11.5 percent over the same period last year, and the growth rate was 5.5 percentage points faster than that in May.

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