In January – February, industrial enterprises above the designated size nationwide achieved a total profit of RMB 1,024.56 billion, a year-on-year increase of 15.2% (calculated on a comparable basis).
In January – February, among industrial enterprises above the designated size, state-controlled enterprises achieved a total profit of RMB 366.56 billion, up 5.3% year-on-year; joint-stock enterprises achieved RMB 803.29 billion, up 22.1%; enterprises funded by foreign investors and investors from Hong Kong, Macao, and Taiwan achieved RMB 216.75 billion, down 3.8%; and private enterprises achieved RMB 284.45 billion, up 37.2%.
In January – February, the mining industry achieved a profit of RMB 155.61 billion, up 9.9% year-on-year; the manufacturing industry achieved RMB 732.15 billion, up 18.9%; and the production and supply sector for electricity, heat, gas, and water achieved RMB 136.80 billion, up 3.7%.
In January – February, profit trends in major industries were as follows: The profit of the computer, communication, and other electronic equipment manufacturing industry increased by 2.0 times year-on-year; non-ferrous metal smelting and rolling processing increased by 1.5 times; chemical raw material and chemical products manufacturing increased by 35.9%; non-metallic mineral products increased by 16.2%; textile industry increased by 12.6%; agricultural and sideline food processing increased by 8.0%; electrical machinery and equipment manufacturing increased by 6.2%; coal mining and washing increased by 4.5%; special equipment manufacturing increased by 4.3%; general equipment manufacturing increased by 3.6%; electricity and heat production and supply increased by 3.4%; the petroleum, coal, and other fuel processing industry turned from loss to profit; oil and gas extraction decreased by 16.8%; automobile manufacturing decreased by 30.2%; and ferrous metal smelting and rolling processing saw an expanded loss.
In January – February, industrial enterprises above the designated size achieved operating revenue of RMB 20.84 trillion, up 5.3% year-on-year; operating costs were RMB 17.68 trillion, up 5.0%; and the operating revenue profit margin was 4.92%, up 0.43 percentage points year-on-year.
At the end of February, total assets of industrial enterprises above the designated size stood at RMB 188.40 trillion, up 5.5% year-on-year; total liabilities were RMB 108.59 trillion, up 5.8%; total owners’ equity was RMB 79.82 trillion, up 5.1%; and the asset-liability ratio was 57.6%, up 0.1 percentage points year-on-year.
At the end of February, accounts receivable of industrial enterprises above the designated size reached RMB 26.55 trillion, up 7.1% year-on-year; finished goods inventory was RMB 6.68 trillion, up 6.6%.
In January–February, the cost per RMB 100 of operating revenue for industrial enterprises above the designated size was RMB 84.83, a decrease of RMB 0.24 year-on-year; the expense per RMB 100 of operating revenue was RMB 8.66, an increase of RMB 0.02.
At the end of February, the assets per RMB 100 of operating revenue for industrial enterprises above the designated size was RMB 66.4, a decrease of RMB 0.1 year-on-year; per capita operating revenue was RMB 1.749 million, an increase of RMB 95,000; the finished goods inventory turnover days were 22.7 days, an increase of 0.4 days; and the average accounts receivable collection period was 76.4 days, an increase of 1.3 days.