From January to October, the operating revenue of Industrial Enterprises above Designated Size reached 83.78 trillion yuan, a year-on-year decrease of 0.6%; the operating cost was 70.52 trillion yuan, a decrease of 0.6%; the profit margin of operating income was 5.98%, increased by 0.08 percentage points year-on-year.
At the end of October, the assets of Industrial Enterprises above Designated Size totaled 124.96 trillion yuan, up 6.9% year on year; liabilities totaled 70.72 trillion yuan, up 6.8%; owners equity totaled 54.24 trillion yuan, an increase of 7.0%; the asset liability ratio was 56.6%, unchanged year-on-year.
At the end of October, the accounts receivable of Industrial Enterprises above Designated Size reached 16.77 trillion yuan, an increase of 15.9% over the same period of last year, and the inventory of finished products was 4.58 trillion yuan, an increase of 6.9%.
From January to October, the cost of per hundred yuan of operating income of Industrial Enterprises above designated size was 84.18 yuan, an increase of 0.04 yuan on a year-on-year basis; the cost of operating income per hundred yuan was 8.93 yuan, an increase of 0.14 yuan on a year-on-year basis.
At the end of October, the operating income of Industrial Enterprises above designated size per 100 yuan of assets was 83.8 yuan, a decrease of 6.1 yuan on a year-on-year basis; the per capita operating income was 1.387 million yuan, an increase of 38000 yuan; the turnover days of finished goods inventory was 18.8 days, an increase of 1.5 days; the average recovery period of accounts receivable was 54.7 days, with a year-on-year increase of 7.1 days.
In October, the total profits of Industrial Enterprises above Designated Size reached 642.91 billion yuan, a year-on-year increase of 28.2%, 18.1 percentage points faster than that in September.
National Bureau of Statistics: Industrial Enterprises cumulative profit growth from negative to positive
With Chinas overall promotion of epidemic prevention and control and economic and social development, major strategic achievements have been made, the relationship between market supply and demand has been improved day by day, the industrial cycle has been gradually unblocked, the production and operation of industrial enterprises have been improved continuously, and the recovery trend of profits has been further consolidated. From January to October, the profits of Industrial Enterprises above Designated Size reached 5012.42 billion yuan, an increase of 0.7% over the same period of last year, and a decrease of 2.4% from January to September.
Specifically, the profit growth from January to October presents the following characteristics:
Second, the profit growth of equipment manufacturing industry has accelerated. From January to October, the profit of equipment manufacturing industry increased by 9.6% year-on-year, 0.8% faster than that of January September, and the profit of industries above designated size increased by 3.2% year-on-year, making it the largest contributor to the growth of industrial profits. Among them, the electronics industry has been maintaining double-digit growth since the cumulative profit growth rate turned positive in April, with a growth rate of 12.6% from January to October, which has made a prominent contribution to the growth of industrial profits. With the policies of stabilizing infrastructure investment and promoting automobile consumption, the production and sales of trucks and new energy vehicles have improved, driving the profit of automobile manufacturing industry to recover steadily. From January to October, the profit increased by 6.6%, 3.6 percentage points faster than that from January to September. The general and special equipment manufacturing industries continued to grow rapidly, with the cumulative profits of 12.0% and 22.9% respectively from January to October.
Fourth, the profit of raw material manufacturing industry improved significantly. With the continuous warming of downstream demand, the internal circulation of the industry is gradually unblocked, and the profits of the upstream raw material industry are rapidly restored. From January to October, the profit of raw material manufacturing industry decreased by 6.0% year-on-year, but the decline rate was 9.1 percentage points lower than that in January September. Among them, the decline rate of cumulative profit of petroleum processing and steel industry was significantly narrowed, with a year-on-year decrease of 52.8% and 12.9%, respectively, 13.4% and 5.8% lower than that in January September; the cumulative profit growth of nonferrous metals, chemical industry, building materials and other industries was between 0.9% and 5.0%, with a small increase or a slight increase from negative to positive.
Fifthly, the profits of private enterprises and foreign-funded enterprises have recovered. With the implementation of a series of policies to help enterprises and finance support the real economy, the vitality of various market entities has been steadily restored and the profitability has improved. From January to October, the profits of private enterprises increased by 1.1% year-on-year, and decreased by 0.5% from January to September; the profits of foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan increased by 3.5%, and the growth rate accelerated by 0.9%.
In October, the profits of industrial enterprises increased by 28.2% year-on-year, 18.1% faster than that in September. This is mainly due to the combination of low base in the same period of last year and increased investment income in this month. After excluding the influence of short-term non operating factors, the profit growth rate in October was roughly the same as that of the previous month.
On the whole, the steady recovery trend of industrial enterprises profits has been further consolidated, and the accumulated profits have achieved positive growth. At the same time, it should be noted that the growth rate of accounts receivable of industrial enterprises has increased, and the pressure of cash flow has increased, which is not conducive to the continuous recovery of production and operation of enterprises. In the next step, we still need to do a solid job in the six stability work, fully implement the six guarantees task, firmly grasp the strategic basis point of expanding domestic demand, continuously stimulate the vitality of market entities and consumption potential, and promote the healthy development of production and operation of industrial enterprises in accordance with the requirements of the new development pattern of building a domestic large cycle as the main body and promoting the mutual promotion of domestic and international double cycles.
Profits of industrial enterprises increased by 0.7% in the first 10 months_ NB12679
Profits of industrial enterprises increased by 0.7% in the first 10 months