From January To June, The Profits Of Industrial Enterprises Above Designated Size Increased By 66.9% Year On Year, With An Average Increase Of 20.6% In Two Years

From January to June, the total profit of Industrial Enterprises above Designated Size in China reached 4218.33 billion yuan, up 66.9% year on year (based on comparable caliber), 45.5% higher than that from January to June 2019, and an average increase of 20.6% in two years.

From January to June, the total profit of state-owned holding enterprises was 1377.42 billion yuan, a year-on-year increase of 1.12 times; Joint stock enterprises realized a total profit of 2985.85 billion yuan, an increase of 70.4%; The total profits of foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 1143.36 billion yuan, an increase of 60.7%; The total profit of private enterprises reached 1216.4 billion yuan, an increase of 47.1%.

From January to June, the total profit of the mining industry was 382.11 billion yuan, an increase of 1.33 times over the same period of last year; The total profit of the manufacturing industry was 3567.73 billion yuan, an increase of 67.3%; The electricity, heat, gas and water production and supply industries achieved a total profit of 268.48 billion yuan, an increase of 16.9%.

From January to June, the total profit of 39 industries increased year-on-year, one industry turned from loss to profit, and one industry was flat. The profits of major industries are as follows: the total profits of nonferrous metal smelting and rolling processing industry increased by 2.73 times, oil and natural gas exploitation industry by 2.49 times, ferrous metal smelting and rolling processing industry by 2.34 times, chemical raw materials and chemical products manufacturing industry by 1.77 times, coal carbon mining and washing industry by 1.14 times, automobile manufacturing industry by 45.2 percent, computer, industrial and chemical products manufacturing industry by 1.77 times Communication and other electronic equipment manufacturing industry increased by 45.2%, electrical machinery and equipment manufacturing industry by 36.1%, general equipment manufacturing industry by 34.5%, special equipment manufacturing industry by 31.0%, non-metallic mineral products industry by 26.7%, electric power and heat production and supply industry by 9.5%, agricultural and sideline food processing industry by 5.4%, textile industry by 2.3%, oil, gas and mineral products industry The coal and other fuel processing industries turned from losses to profits in the same period.

From January to June, the operating revenue of Industrial Enterprises above Designated Size reached 59.29 trillion yuan, an increase of 27.9% year on year; The operating costs incurred were 49.54 trillion yuan, an increase of 26.4%; The profit margin of operating revenue was 7.11%, up 1.66 percentage points year on year.

At the end of June, the assets of Industrial Enterprises above Designated Size totaled 132.63 trillion yuan, up 9.3% year on year; Liabilities totaled 74.96 trillion yuan, up 8.5 percent; Owners' equity totaled 57.67 trillion yuan, up 10.3 percent; The asset liability ratio was 56.5%, a year-on-year decrease of 0.4 percentage points.

At the end of June, the accounts receivable of Industrial Enterprises above Designated Size reached 17.56 trillion yuan, up 13.1% year on year; The inventory of finished products was 4.95 trillion yuan, up 11.3%.

From January to June, the cost of every hundred yuan of operating income of Industrial Enterprises above designated size was 83.54 yuan, a decrease of 0.98 yuan on a year-on-year basis; The expenses per 100 yuan of operating income was 8.45 yuan, a year-on-year decrease of 0.65 yuan.

At the end of June, the operating income of Industrial Enterprises above designated size per 100 yuan of assets was 91.4 yuan, an increase of 13.2 yuan on a year-on-year basis; The per capita operating income was 1.622 million yuan, an increase of 345000 yuan year-on-year; The turnover days of finished goods inventory were 17.4 days, 2.5 days less than the same period of last year; The average payback period of accounts receivable was 51.4 days, with a year-on-year decrease of 5.9 days.

In June, the total profits of Industrial Enterprises above Designated Size reached 791.80 billion yuan, up 20.0% year on year.