On November 27, the National Bureau of Statistics released data showing that from January to October, the total profit of industrial enterprises above designated size nationwide reached CNY 5.95 trillion, a year-on-year increase of 1.9%. Among them, the petroleum and natural gas extraction industry recorded a total profit of CNY 279.06 billion, a year-on-year decrease of 12.5%; while the chemical raw materials and chemical products manufacturing sector achieved a total profit of CNY 311.77 billion, a year-on-year decrease of 5.4%.

From January to October, among industrial enterprises above designated size: - State-controlled enterprises achieved total profits of CNY 1,849.02 billion yuan, unchanged year-on-year; - Shareholding enterprises achieved total profits of CNY 4,432.83 billion, up 1.5%; - Foreign-funded and Hong Kong, Macao, and Taiwan-funded enterprises achieved total profits of CNY 1,484.86 billion, up 3.5%; - Private enterprises achieved total profits of CNY 1,699.56 billion, up 1.9%.

From January to October, the mining industry recorded total profits of CNY 712.33 billion, down 27.8% year-on-year; the manufacturing industry recorded total profits of CNY4,505.03 billion, up 7.7%; and the electricity, heat, gas, and water production and supply industry recorded total profits of CNY 732.93 billion, up 9.5%.

From January to October, profits in major industries were as follows: Nonferrous metal smelting and rolling saw profits rise 14.0% year-on-year; electricity, heat production, and supply grew 13.1%; computer, communications, and other electronic equipment manufacturing increased 12.8%; food processing grew 8.5%; electrical machinery and equipment manufacturing rose 7.0%; general-purpose equipment manufacturing increased 6.2%; specialized equipment manufacturing grew 5.0%; automobile manufacturing increased by 4.4%, non-metallic mineral products increased by 1.0%, ferrous metal smelting and rolling turned from loss to profit year-on-year, petroleum, coal, and other fuel processing reduced losses year-on-year, chemical raw materials and chemical products manufacturing decreased by 5.4%, textiles decreased by 6.1%, petroleum and natural gas extraction decreased by 12.5%, and coal mining and washing decreased by 49.2%.

From January to October, industrial enterprises above designated size achieved operating revenues of CNY 113.37 trillion, up 1.8% year-on-year; incurred operating costs of CNY 97.00 trillion, up 2.0%; and recorded an operating profit margin of 5.25%, an increase of 0.01 percentage points year-on-year.

By the end of October, total assets of industrial enterprises above designated size reached CNY 187.23 trillion, up 4.7% year-on-year; total liabilities amounted to CNY 108.59 trillion, increasing by 5.0%; total owners' equity stood at CNY 78.64 trillion, rising by 4.3%; the asset-liability ratio was 58.0%, up 0.2 percentage points year-on-year.

By the end of October, accounts receivable for industrial enterprises above designated size reached CNY 27.69 trillion, up 5.1% year-on-year; finished goods inventory stood at CNY 6.82 trillion, increasing by 3.7%.

From January to October, the cost per CNY 100 of operating revenue for industrial enterprises above designated size was CNY 85.56, an increase of CNY 0.17 year-on-year; expenses per CNY 100 of operating revenue were CNY 8.37 , a decrease of CNY 0.10 year-on-year.

At the end of October, operating revenue per CNY 100 of assets for industrial enterprises above designated size was CNY 74.5 , down CNY 2.2 year-on-year; operating revenue per employee was CNY 1.859 million, up CNY 58,000 year-on-year; finished goods inventory turnover days were 20.4 days, up 0.4 days year-on-year; and the average collection period for accounts receivable was 69.8 days, up 3.4 days year-on-year.

In October, profits of industrial enterprises above designated size decreased by 5.5% year-on-year.

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