< img src="https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=0wrPn1QolK10Cs" style="display:none" height="1" width="1" alt="" />

In China Industrial Profits decreased 1.7 percent in the First Seven Months of 2019

In the first seven months of 2019, the profits made by industrial enterprises above the designated size achieved 3,497.7 billion yuan, a year-on-year decrease of 1.7 percent (calculated on comparable basis, taking into account factors such as the standard adjustment according to the statistical system, the enhancement of statistical law enforcement, the elimination of data, and the enterprise reform and divestiture, entities inventory checking of the fourth economic census, see Annotations IV for details), and the pace of decline narrowed 0.7 percentage point than that in the first six months.

In the first seven months, among the industrial enterprises above the designated size, the profits of state-holding industrial enterprises gained 1,083.74 billion yuan, a decrease of 8.1 percent year-on-year; that of joint-stock enterprises stood at 2,503.3 billion yuan, up by 0.6 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 850.24 billion yuan, decreased by 6.9 percent; and that of private enterprises gained 884.91 billion yuan, an increase of 7.0 percent.

In the first seven months, the profits of mining and quarrying reached 335.44 billion yuan, an increase of 4.2 percent year-on-year; that of manufacturing was 2,877.37 billion yuan, a decrease of 3.4 percent; that of production and distribution of electricity, heat, gas and water reached 284.89 billion yuan, up by 10.6 percent.

In the first seven months, within 41 branches of industrial divisions, the industrial profits of 29 industrial divisions increased year-on-year, and that of 12 decreased. In view of the profit growth of major industries, that of manufacture of electrical machinery and equipment, special-purpose machinery, extraction of petroleum and natural gas, production and supply of electric power and heat power, manufacture of non-metallic mineral products, smelting and pressing of non-ferrous metals, manufacture of general-purpose machinery, processing of food from agricultural products, manufacture of textile, increased by 15.6, 14.3, 12.9, 12.2, 10.8, 6.0, 5.1, 0.9 and 0.1 respectively, that of processing of petroleum, coal and other fuels, smelting and pressing of ferrous metals, manufacture of motor vehicles, manufacture of chemical raw material and chemical products, manufacture of computer, communication equipment and other electronic equipment, and mining and washing of coal decreased by 50.6, 25.1, 23.2, 11.6, 6.3 and 3.8 percent respectively. 

In the first seven months, the revenue from activities of industrial enterprises above the designated size reached 59.58 trillion yuan, increased by 4.9 percent year-on-year. The costs of activities were 50.27 trillion yuan, up by 5.2 percent. The profit rate of revenue from activities was 5.87 percent, a decrease of 0.39 percentage point year-on-year.

By the end of July, the total assets of industrial enterprises above the designated size was 114.75 trillion yuan, increased by 5.9 percent year-on-year; the total liabilities reached 65.16 trillion yuan, increased by 4.9 percent; the total owners’ equity was 49.59 trillion yuan, increased by 7.1 percent. The asset-liability ratio was 56.8 percent, a decrease of 0.5 percentage point year-on-year.

By the end of July, the total volume of notes receivable and accounts receivable for industrial enterprises above designated hit 16.59 trillion yuan, went up by 3.1 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,251.85 billion yuan, increased by 2.3 percent..

In the first seven months, the costs for per-hundred-yuan stood at 84.38 yuan, an increase of 0.24 yuan year-on-year; the expenses for per-hundred-yuan stood at 8.64 yuan, an increase of 0.20 yuan year-on-year.

By the end of July, the revenue activities brought by per-hundred-yuan assets above the designated size was 91.0 yuan, a decrease of 1.1 yuan year-on-year; the revenue from activities per capita was 1,357 thousand yuan, an increase of 115 thousand yuan year-on-year; the turnover days of finished goods were 17.2 days, decreased 0.2 day from that in the previous year; the days of notes receivable and accounts receivable hit an average of 54.2 days, an increase of 1.1 days year-on-year.

In July, the profits made by industrial enterprises above the designated size achieved 512.67 billion yuan, a year-on-year increase of 2.6 percent, while that in June was 3.1 percent decrease year on year.

Written by

Comments are closed.