National Industrial Enterprises Profit Growth of 3.4% in the First Five Months of 2024
Jun 28, 2024
From January to May, industrial enterprises above designated size nationwide achieved a total profit of 2,754.38 billion yuan, a year-on-year increase of 3.4% (calculated by comparable methods).
Among industrial enterprises above designated size, state-controlled enterprises achieved a total profit of 943.84 billion yuan, a year-on-year decrease of 2.4%; joint-stock enterprises achieved a total profit of 2,051.05 billion yuan, an increase of 1.0%; foreign and Hong Kong, Macao, and Taiwan invested enterprises achieved a total profit of 682.78 billion yuan, an increase of 12.6%; private enterprises achieved a total profit of 732.93 billion yuan, an increase of 7.6%.
During the same period, the mining industry achieved a total profit of 502.45 billion yuan, a year-on-year decrease of 16.2%; the manufacturing industry achieved a total profit of 1,928.57 billion yuan, an increase of 6.3%; the electricity, thermal, gas, and water production and supply industry achieved a total profit of 323.36 billion yuan, an increase of 29.5%.
Major industry profit situations are as follows: Nonferrous metal smelting and rolling industry profits grew by 80.6% year-on-year, computer, communication, and other electronic equipment manufacturing industry grew by 56.8%, electricity and thermal production and supply industry grew by 35.0%, textile industry grew by 23.2%, automotive manufacturing industry grew by 17.9%, agricultural and sideline food processing industry grew by 17.1%, oil and natural gas extraction industry grew by 5.3%, general equipment manufacturing industry grew by 1.8%, chemical raw materials and chemical products manufacturing industry decreased by 2.7%, electrical machinery and equipment manufacturing industry decreased by 6.0%, special equipment manufacturing industry decreased by 8.8%, coal mining and washing industry decreased by 31.8%, non-metallic mineral products industry decreased by 52.9%, petroleum, coal and other fuel processing industry turned from profit to loss, and ferrous metal smelting and rolling industry losses increased.
From January to May, industrial enterprises above designated size achieved operating income of 53.03 trillion yuan, a year-on-year increase of 2.9%; business costs occurred of 45.27 trillion yuan, an increase of 3.0%; the operating income profit rate was 5.19%, an increase of 0.02 percentage points year-on-year.
At the end of May, the total assets of industrial enterprises above designated size were 171.26 trillion yuan, a year-on-year increase of 6.0%; total liabilities were 98.44 trillion yuan, an increase of 5.7%; owner's equity was 72.81 trillion yuan, an increase of 6.2%; the asset-liability ratio was 57.5%, a year-on-year decrease of 0.1 percentage points.
At the end of May, the accounts receivable of industrial enterprises above designated size were 24.23 trillion yuan, a year-on-year increase of 8.0%; finished product inventory was 6.39 trillion yuan, an increase of 3.6%.
From January to May, the cost in every hundred yuan of operating income for industrial enterprises above designated size was 85.37 yuan, an increase of 0.06 yuan year-on-year; the fee in every hundred yuan of operating income was 8.38 yuan, an increase of 0.04 yuan year-on-year.
At the end of May, the operating income achieved by every hundred yuan of assets for industrial enterprises above designated size was 75.1 yuan, a decrease of 2.4 yuan year-on-year; the per capita operating income was 176.0 ten thousand yuan, an increase of 7.7 ten thousand yuan year-on-year; the finished product inventory turnover days were 20.7 days, the same as the previous year; the average recovery period of accounts receivable was 66.8 days, an increase of 3.4 days year-on-year.
In May, the profit of industrial enterprises above designated size grew by 0.7% year-on-year.
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