Profits at domestic large-scale industrial enterprises rose 1.79 times in Jan-Feb

SHANGHAI, Apr 9 (SMM) — From January to February, large-scale domestic industrial enterprises achieved a total profit of around 1.1 trillion yuan, a year-on-year increase of 1.79 times (calculated on a comparable basis), an increase of 72.1% from January to February 2019, and an average increase of 31.2% over the two years. Private enterprises realised a total profit of 331.69 billion yuan, a rise of 1.37 times. 

The mining industry achieved a total profit of 98.84 billion yuan from January to February, a YoY increase of 83.0%; the manufacturing industry achieved a total profit of 929.42 billion yuan, a gain of 2.20 times; the electricity, heat, gas and water production and supply industries achieved a total profit of 85.74 billion yuan, an increase of 57.5%. Among 41 major industrial sectors, total profits rose year-on-year across 38 industries, and fell in two industries. 

From January to February, large-scale industrial enterprises achieved operating income of 16.87 trillion yuan, a year-on-year increase of 45.5%; operating costs stood at 13.99 trillion yuan, a rise of 43.5%; operating income profit margin was 6.60%, a rise of 3.15 percentage points. At the end of February, assets of large-scale industrial enterprises totalled 126.90 trillion yuan, a YoY increase of 9.6%; total liabilities were 71.27 trillion yuan, an increase of 9.4%.

The cost per hundred yuan of operating income at large-scale industrial enterprises was 82.92 yuan in Jan and Feb, a year-on-year decrease of 1.16 yuan; the cost per hundred yuan of operating income was 8.79 yuan, a year-on-year decrease of 1.38 yuan.