National Bureau Of Statistics: From January To May, The Profit Of Industrial Enterprises Above Designated Size Nationwide Dropped 18.8%, And The Textile Industry Dropped 27.8%

From January to May, the total profit of industrial enterprises above designated size nationwide reached 2668.89 billion yuan, down 18.8% year on year, 1.8 percentage points lower than that from January to April (calculated on a comparable basis, see Note 2 for details).

From January to May, among industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 962.51 billion yuan, down 17.7% year on year; The total profit of joint-stock enterprises was 1957.81 billion yuan, down 20.4%; The total profits of foreign-invested enterprises, Hong Kong, Macao and Taiwan invested enterprises reached 626.75 billion yuan, down 13.6%; The total profit of private enterprises was 683.78 billion yuan, down 21.3%.

From January to May, the mining industry realized a total profit of 591.93 billion yuan, down 16.2% year on year; The total profit of the manufacturing industry was 1829.68 billion yuan, down 23.7%; The total profit of power, heat, gas and water production and supply industries was 247.28 billion yuan, up 34.8%.

From January to May, among 41 major industries, total profits of 14 industries increased year on year, 1 industry was flat, 24 industries declined, and 2 industries turned from profit to loss. The profits of the main industries are as follows: the total profits of the power and heat production and supply industries increased by 45.9% year on year, the electrical machinery and equipment manufacturing industry increased by 29.2%, the automobile manufacturing industry increased by 24.3%, the general equipment manufacturing industry increased by 23.4%, the special equipment manufacturing industry decreased by 0.1%, the oil and natural gas mining industry decreased by 9.9%, and the coal mining and washing industry decreased by 18.7%, The non-metallic mineral products industry declined by 25.9%, the textile industry by 27.8%, the agricultural and sideline food processing industry by 39.5%, the computer, communication and other electronic equipment manufacturing industry by 49.2%, the chemical raw materials and chemical products manufacturing industry by 52.4%, the non-ferrous metal smelting and rolling processing industry by 53.0%, and the oil, coal and other fuel processing industry by 92.8%, The ferrous metal smelting and rolling processing industry turned from profit to loss.

From January to May, the operating revenue of industrial enterprises above designated size reached 51.39 trillion yuan, up 0.1% year on year; The operating cost was 43.83 trillion yuan, up 1.2%; The operating income profit margin was 5.19%, down 1.21 percentage points year on year.

At the end of May, the assets of industrial enterprises above designated size totaled 159.24 trillion yuan, up 6.8% year on year; Liabilities totaled 91.41 trillion yuan, up 7.2%; Owners' equity totaled 67.83 trillion yuan, up 6.2%; The asset liability ratio was 57.4%, up 0.2 percentage points year on year.

At the end of May, the accounts receivable of industrial enterprises above designated size were 22.37 trillion yuan, up 11.7% year on year; The inventory of finished products was 6.14 trillion yuan, up 3.2%.

From January to May, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.29 yuan, with a year-on-year increase of 0.93 yuan; The cost of operating income per 100 yuan was 8.31 yuan, an increase of 0.30 yuan year on year.

At the end of May, the operating income of industrial enterprises above designated size per 100 yuan of assets was 78.1 yuan, a year-on-year decrease of 5.8 yuan; The per capita operating income was 1.709 million yuan, with a year-on-year increase of 58000 yuan; The turnover days of finished goods inventory were 20.7 days, with a year-on-year increase of 1.0 day; The average payback period of accounts receivable was 63.6 days, an increase of 6.4 days year on year.

In May, industrial enterprises above designated size realized a total profit of 635.81 billion yuan, down 12.6% year on year.