02.Apr .2021 22:00

Profit of Chinese Industrial Enterprises above Designated Size

Profit of Chinese Industrial Enterprises above Designated Size
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From January to February, China's industrial enterprises above designated size achieved a total profit of 1,114.01 billion yuan, a year-on-year increase of 1.79 times, an increase of 72.1 percent over January to February 2019, and an average increase of 31.2 percent in two years.
 
Among the industrial enterprises above designated size, state-owned holding enterprises achieved total profits of 375.22 billion yuan from Jan to Feb 2021, an increase of 1.82 times over the same period of last year; joint stock enterprises achieved total profits of 776.25 billion yuan, an increase of 1.69 times; enterprises invested by foreign investors, Hong Kong, Macao and Taiwan achieved total profits of 314.52 billion yuan, an increase of 2.19 times; private enterprises achieved total profits of 331.69 billion yuan, an increase of 1.37 times, reads the latest data of the National Bureau of Statistics of China.
 
During the report period, the mining industry realized a total profit of 98.84 billion yuan, up 83.0 percent year on year; the manufacturing industry realized a total profit of 929.42 billion yuan, up 2.20 times; the power, heat, gas and water production and supply industry realized a total profit of 85.74 billion yuan, up 57.5 percent.
 
In 41 major industries, the total profits of 38 industries during the report period increased year-on-year, 2 industries decreased, and 1 industry was flat. The profits of the main industries were as follows: the total profits of the computer, communication and other electronic equipment manufacturing industry increased by 58.92 times, the automobile manufacturing industry increased by 25.26 times, the chemical raw materials and chemical products manufacturing industry increased by 4.98 times, the electrical machinery and equipment manufacturing industry increased by 4.31 times, the special equipment manufacturing industry increased by 3.99 times, the general equipment manufacturing industry increased by 3.19 times, and the ferrous metal smelting and processing industry increased by 2.71 times, nonferrous metal smelting and processing industry increased by 2.58 times, coal mining and washing industry increased by 2.04 times, textile industry increased by 1.43 times, non-metallic mineral products industry increased by 87.0 percent, agricultural and sideline food processing industry increased by 45.8 percent, power and heat production and supply industry increased by 44.7 percent; oil and natural gas mining industry decreased by 28.7 percent.
 
From January to February, the operating income of industrial enterprises above the designated size reached 16.87 trillion yuan, an increase of 45.5 percent year-on-year; the operating cost occurred was 13.99 trillion yuan, an increase of 43.5 percent; the profit margin of operating income was 6.60 percent, which increased by 3.15 percentage points year on year.
 
Assets of industrial enterprises above designated size totaled 126.90 trillion yuan at the end of February, up 9.6 percent year on year; liabilities totaled 71.27 trillion yuan, up 9.4 percent; owner's equity totaled 55.63 trillion yuan, up 10.0 percent; asset liability ratio was 56.2 percent, down by 0.1 percentage point year on year.
 
The accounts receivable of industrial enterprises above designated size were 16.28 trillion yuan at the end of February, an increase of 16.4 percent over the same period last year, and the inventory of finished products was 4.60 trillion yuan, an increase of 8.6 percent.
 
From January to February, the cost per 100 yuan of operating income of industrial enterprises above designated size was 82.92 yuan, a year-on-year decrease of 1.16 yuan; the cost per 100 yuan of operating income was 8.79 yuan, a year-on-year decrease of 1.38 yuan.
 
At the end of February, the operating income of industrial enterprises above designated size per 100 yuan of assets was 79.8 yuan, an increase of 19.7 yuan year on year; the per capita operating income was 1,424,000 yuan, an increase of 416,000 yuan year on year; the turnover days of finished goods inventory was 19.7 days, a decrease of 6.4 days year on year; the average recovery period of accounts receivable was 57.9 days, a decrease of 14.5 days year on year.