From January To March, The Profits Of Industrial Enterprises Above Designated Size Increased By 1.37 Times Year On Year

According to the website of the National Bureau of statistics, from January to March, the total profit of Industrial Enterprises above Designated Size nationwide reached 1825.38 billion yuan, a year-on-year increase of 1.37 times (based on the comparable caliber, see Note 2 for details), an increase of 50.2% over January March 2019 and an average increase of 22.6% in two years.

From January to March, among the industrial enterprises above Designated Size, the state-owned holding enterprises achieved a total profit of 616.54 billion yuan, a year-on-year increase of 1.99 times; Joint stock enterprises realized a total profit of 1279.27 billion yuan, an increase of 1.29 times; The total profits of foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 512.81 billion yuan, an increase of 1.61 times; Private enterprises realized a total profit of 516.33 billion yuan, an increase of 91.9%.

From January to March, the total profits of the mining industry reached 151.95 billion yuan, an increase of 77.1% year on year; The total profit of the manufacturing industry reached 1536.63 billion yuan, an increase of 1.58 times; The total profits of the power, heat, gas and water production and supply industries reached 136.8 billion yuan, an increase of 56.9%.

From January to March, the total profits of 39 industries increased year-on-year, one industry turned losses into profits and one industry realized deficit reduction. The profits of the main industries are as follows: the total profits of automobile manufacturing industry increased by 8.43 times, nonferrous metal smelting and rolling processing industry increased by 4.71 times, ferrous metal smelting and rolling processing industry increased by 3.88 times, chemical raw materials and chemical products manufacturing industry increased by 3.43 times, electrical machinery and equipment manufacturing industry increased by 1.67 times, special equipment manufacturing industry increased by 1.46 times, computer, electronic machinery and equipment manufacturing industry increased by 1.46 times Communication and other electronic equipment manufacturing industry increased by 1.41 times, general equipment manufacturing industry by 1.19 times, coal mining and washing industry increased by 94.3%, non-metallic mineral products industry by 69.1%, power and heat production and supply industry by 50.7%, textile industry by 40.4%, agricultural and sideline food processing industry by 28.9%, and oil and gas exploitation industry by 18.4%.

From January to March, the operating income of Industrial Enterprises above Designated Size reached 27.48 trillion yuan, up 38.7% year on year; The operating costs incurred were 22.91 trillion yuan, an increase of 36.5%; The profit margin of operating revenue was 6.64%, an increase of 2.76 percentage points on a year-on-year basis.

At the end of March, the assets of Industrial Enterprises above Designated Size totaled 128.70 trillion yuan, up 9.5% year on year; Liabilities totaled 72.47 trillion yuan, up 9.0 percent; Owners' equity totaled 56.23 trillion yuan, up 10.1 percent; The asset liability ratio was 56.3%, down 0.3% year on year.

At the end of March, accounts receivable of Industrial Enterprises above Designated Size reached 16.59 trillion yuan, up 17.1% year on year; Finished goods inventory was 4.73 trillion yuan, up 8.5%.

From January to March, the cost of every hundred yuan of operating income of Industrial Enterprises above designated size was 83.37 yuan, a year-on-year decrease of 1.36 yuan; The expenses per 100 yuan of operating income was 8.60 yuan, a year-on-year decrease of 1.04 yuan.

At the end of March, the operating income of Industrial Enterprises above designated size per 100 yuan of assets was 86.0 yuan, an increase of 18.1 yuan year-on-year; The per capita operating income was 1.527 million yuan, an increase of 408000 yuan on a year-on-year basis; The turnover days of finished goods inventory was 18.3 days, a decrease of 4.7 days on a year-on-year basis; The average payback period of accounts receivable was 53.8 days, with a year-on-year decrease of 10.2 days.

In March, the total profits of Industrial Enterprises above Designated Size reached 711.18 billion yuan, up 92.3% year on year.