From January to July, industrial enterprises above designated size nationwide realized total profits of RMB4,582.06 billion, a year-on-year increase of 17.6%. Of this total, the chemical raw materials and chemical products manufacturing sector realized total profits of RMB 315.99 billion, up 56.6% year-on-year. The oil and natural gas extraction sector realized total profits of RMB 240.73 billion, up 15.4% year-on-year.

During the January–July period, among industrial enterprises above designated size, state-controlled enterprises realized total profits of RMB 1,491.89 billion, up 16.3% year-on-year; joint-stock enterprises realized total profits of RMB 3,549.40 billion, up 23.6%; enterprises with investment from foreign countries or Hong Kong, Macao, and Taiwan realized total profits of RMB 1,013.78 billion, up 1.2%; and private enterprises realized total profits of RMB 1,135.22 billion, up 10.9%.

From January to July, the mining sector realized total profits of RMB 666.05 billion, up 34.9% year-on-year; the manufacturing sector realized total profits of RMB 3,437.60 billion, up 18.8%; and the sector for the production and supply of electricity, heat, gas, and water realized total profits of RMB 478.42 billion, down 5.8%.

Profit performance in major industries during the January–July period was as follows: profits in the manufacture of computer, communication, and other electronic equipment increased by 110% (more than doubling) year-on-year; the non-ferrous metal smelting and rolling processing industry grew by 91.8%; the chemical raw materials and chemical products manufacturing industry grew by 56.6%; the coal mining and washing industry grew by 50.4%; the oil and natural gas extraction industry grew by 15.4%; the textile industry grew by 7.9%; the general-purpose equipment manufacturing industry grew by 1.4%; the special-purpose equipment manufacturing industry grew by 0.8%; the electrical machinery and equipment manufacturing industry fell by 7.6%; the electricity and heat production and supply industry fell by 8.0%; the agricultural and sideline food processing industry fell by 12.3%; the automobile manufacturing industry fell by 20.4%; the non-metallic mineral products industry fell by 48.2%; the ferrous metal smelting and rolling processing industry fell by 51.2%; and the petroleum, coal, and other fuel processing industry shifted from loss to profit. From January to July, industrial enterprises above designated size achieved operating revenue of RMB 80.92 trillion, a year-on-year increase of 6.5%; incurred operating costs of RMB 68.79 trillion, up 5.9%; and recorded a profit margin on operating revenue of 5.66%, up 0.54 percentage points year-on-year.

At the end of July, the total assets of industrial enterprises above designated size stood at RMB 195.76 trillion, up 6.4% year-on-year; total liabilities were RMB 114.33 trillion, up 7.1%; total owners' equity was RMB 81.43 trillion, up 5.5%; and the asset-liability ratio was 58.4%, up 0.3 percentage points year-on-year.

At the end of July, accounts receivable for industrial enterprises above designated size totaled RMB 28.88 trillion, up 8.5% year-on-year, while inventories of finished goods stood at RMB 7.27 trillion, up 10.8%.

From January to July, the cost per RMB 100 of operating revenue for industrial enterprises above designated size was RMB 85.00, a year-on-year decrease of RMB 0.47; expenses per RMB 100 of operating revenue were RMB 8.41, a decrease of RMB 0.09.

At the end of July, operating revenue generated per RMB 100 of assets was RMB 72.2, up 0.3 year-on-year; operating revenue per capita was RMB 1.913 million, up RMB 0.125 million; the turnover days for finished goods inventory was 21.3 days, an increase of 0.6 days; and the average collection period for accounts receivable was 71.9 days, an increase of 0.9 days.

In July, the profits of industrial enterprises above designated size increased by 11.2% year-on-year. (Source: China Chemical News)

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