News Information

The National Bureau of Statistics released data on the 27th showing that in the first quarter, the total profits of large-scale industrial enterprises across the country reached 1,509.36 billion yuan, turning from a year-on-year decline of 3.3% in the previous year to a growth of 0.8%, reversing the continuous decline in cumulative profits of enterprises since the third quarter of last year. Among them, the total profit of the chemical raw materials and chemical products manufacturing industry was 78.76 billion yuan, a year-on-year decrease of 0.4%.

According to the data for March, the profits of large-scale industrial enterprises turned from a 0.3% decline in January and February to a 2.6% increase, indicating an improvement in their profits for the month. Revenue of industrial enterprises above designated size increased by 4.2%, 1.4 percentage points faster than that in January-February.

Data shows that from January to March, among large-scale industrial enterprises, state-controlled enterprises achieved a total profit of 559.95 billion yuan, a year-on-year decrease of 1.4%. Joint-stock enterprises achieved a total profit of 1,110.15 billion yuan, an increase of 0.1%. Foreign-invested enterprises and those from Hong Kong, Macao and Taiwan achieved a total profit of 388.35 billion yuan, an increase of 2.8%. Private enterprises achieved a total profit of 370.97 billion yuan, a decrease of 0.3%.

From January to March, the mining industry achieved a total profit of 220.44 billion yuan, a year-on-year decrease of 25.5%. The manufacturing industry achieved a total profit of 1,082.64 billion yuan, an increase of 7.6%. The total profit of the power, heat, gas and water production and supply industry reached 206.28 billion yuan, increasing by 5.4%.

The profit situation of the main industries from January to March is as follows: Profits in the processing of agricultural and sideline food products increased by 40.3% year-on-year, those in the non-ferrous metal smelting and rolling processing industry rose by 33.6%, those in the specialized equipment manufacturing industry grew by 14.2%, those in the general equipment manufacturing industry by 9.5%, those in the electrical machinery and equipment manufacturing industry by 7.5%, those in the textile industry by 7.1%, and those in the power, heat production and supply industry by 6.1%. The manufacturing industry of computers, communications and other electronic equipment grew by 3.2%, while the manufacturing industry of chemical raw materials and chemical products declined by 0.4%. The oil and gas extraction industry dropped by 3.1%, the automotive manufacturing industry fell by 6.2%, the non-metallic mineral products industry declined by 14.2%, and the coal mining and washing industry decreased by 47.7%. The petroleum, coal and other fuel processing industry saw a year-on-year reduction in losses. The ferrous metal smelting and rolling processing industry turned from loss to profit year-on-year.

From January to March, industrial enterprises above designated size achieved operating income of 32.14 trillion yuan, up by 3.4% year-on-year. Operating costs reached 27.44 trillion yuan, an increase of 3.6%. The profit margin of operating income was 4.70%, a year-on-year decrease of 0.12 percentage points.

By the end of March, the total assets of industrial enterprises above designated size reached 180.37 trillion yuan, up by 5.3% year-on-year. The total liabilities amounted to 104.02 trillion yuan, increasing by 5.8%. The total owner's equity was 76.35 trillion yuan, increasing by 4.6%. The asset-liability ratio was 57.7%, up by 0.3 percentage points year-on-year.

By the end of March, the accounts receivable of industrial enterprises above designated size reached 25.59 trillion yuan, up 9.9% year-on-year. Finished goods inventory reached 6.55 trillion yuan, increasing by 4.2%.

From January to March, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.37 yuan, an increase of 0.17 yuan year-on-year. The expense per 100 yuan of operating income was 8.43 yuan, a decrease of 0.16 yuan year-on-year.

At the end of March, the operating income per 100 yuan of assets realized by industrial enterprises above designated size was 71.7 yuan, a decrease of 1.2 yuan year-on-year. The per capita operating income was 1.764 million yuan, an increase of 56,000 yuan year-on-year. The inventory turnover days of finished products were 21.2 days, an increase of 0.1 days year-on-year. The average collection period of accounts receivable was 70.9 days, an increase of 4.0 days year-on-year.

In March, profits of industrial enterprises above designated size increased by 2.6% year-on-year.