National Bureau Of Statistics: From January To March, The Profits Of Industrial Enterprises Above Designated Size Dropped By 21.4%, And The Textile Industry Dropped By 34%

From January to March, the total profit of industrial enterprises above designated size nationwide reached 1516.74 billion yuan, a year-on-year decrease of 21.4% (calculated on a comparable basis, see Note II for details).

From January to March, among industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 589.24 billion yuan, down 16.9% year on year; The total profit of joint-stock enterprises was 1129.03 billion yuan, down 20.6%; The total profit of foreign-invested enterprises, Hong Kong, Macao and Taiwan invested enterprises was 331.81 billion yuan, down 24.9%; The total profit of private enterprises was 389.41 billion yuan, down 23.0%.

From January to March, the mining industry realized a total profit of 360.45 billion yuan, down 5.8% year on year; The total profit of the manufacturing industry was 102076 billion yuan, down 29.4%; The total profit of power, heat, gas and water production and supply industries was 135.54 billion yuan, up 33.2%.

From January to March, among 41 major industries, the total profits of 10 industries increased year on year, one industry was flat, one industry reduced losses, 28 industries declined, and one industry 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 47.9% year on year, the electrical machinery and equipment manufacturing industry increased by 27.1%, the general equipment manufacturing industry increased by 7.4%, the oil and natural gas mining industry decreased by 4.8%, the coal mining and washing industry decreased by 4.9%, the special equipment manufacturing industry decreased by 10.1%, the agricultural and sideline food processing industry decreased by 18.4%, and the automobile manufacturing industry decreased by 24.2%, The non-metallic mineral products industry declined by 30.6%, the textile industry by 34.0%, the chemical raw materials and chemical products manufacturing industry by 54.9%, the computer, communication and other electronic equipment manufacturing industry by 57.5%, the nonferrous metal smelting and rolling processing industry by 57.5%, the oil, coal and other fuel processing industry by 97.1%, and the ferrous metal smelting and rolling processing industry from profit to loss.

From January to March, the operating revenue of industrial enterprises above designated size reached 31.18 trillion yuan, down 0.5% year on year; The operating cost was 26.52 trillion yuan, up 0.6%; The operating income profit margin was 4.86%, down 1.30 percentage points year on year.

At the end of March, the assets of industrial enterprises above designated size totaled 158.23 trillion yuan, up 7.7% year on year; Liabilities totaled 90.37 trillion yuan, up 8.3%; Owners' equity totaled 67.86 trillion yuan, up 6.8%; The asset liability ratio was 57.1%, up 0.3 percentage points year on year.

At the end of March, the accounts receivable of industrial enterprises above designated size were 21.59 trillion yuan, up 11.0% year on year; The inventory of finished products was 6.14 trillion yuan, up 9.1%.

From January to March, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.04 yuan, with a year-on-year increase of 0.91 yuan; The cost of operating income per 100 yuan was 8.49 yuan, an increase of 0.36 yuan year on year.

At the end of March, the operating income of industrial enterprises above designated size per 100 yuan of assets was 79.3 yuan, a year-on-year decrease of 6.7 yuan; The per capita operating income was 1.695 million yuan, a year-on-year increase of 38000 yuan; The turnover days of finished goods inventory were 20.6 days, an increase of 1.8 days year on year; The average payback period of accounts receivable was 61.8 days, an increase of 6.4 days year on year.