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China's Industrial Firms Above Designated Size Profit Up 18.2% YoY in First Four Months, Apr Up 24.7%
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The National Bureau of Statistics announced that in the first four months of this year, industrial enterprises above designated size nationwide realized total profits of RMB2.44 trillion, up 18.2% YoY. In April alone, profits of industrial enterprises above designated size rose 24.7% YoY. In the first four months, among industrial enterprises above designated size, state-controlled enterprises realized total profits of RMB827.15 billion, up 17.1% YoY; joint-stock enterprises recorded total profits of RMB1.88344 trillion, up 24%; foreign-invested enterprises and enterprises invested by Hong Kong, Macau and Taiwan posted total profits of RMB542.24 billion, up 2.3%; and private enterprises realized total profits of RMB651.14 billion, up 23.7%. In the first four months, the mining industry realized total profits of RMB361.84 billion, up 26% YoY; the manufacturing sector realized total profits of RMB1.8 trillion, up 20.4%; and the production and supply of electricity, heat, gas and water realized total profits of RMB272.01 billion, down 1.9%. Major industries recorded the following profit performance in the first four months: non-ferrous metal smelting and rolling processing industry profits increased 1.2x YoY; computer, communications and other electronic equipment manufacturing increased 1.1x; chemical raw materials and chemical products manufacturing rose 73.4%; coal mining and washing increased 21%; textile industry rose 11.2%; oil and natural gas extraction increased 8.1%; petroleum, coal and other fuel processing turned from loss to profit. Meanwhile, general equipment manufacturing fell 0.6%; electricity and heat production and supply declined 2.5%; special equipment manufacturing dropped 7.2%; electrical machinery and equipment manufacturing decreased 11.4%; agricultural and sideline food processing fell 11.8%; automobile manufacturing declined 16.8%; non-metallic mineral products dropped 50.7%; and ferrous metal smelting and rolling processing fell 51.5%. In the first four months, industrial enterprises above designated size realized operating revenue of RMB44.89 trillion, up 5.2% YoY; operating costs amounted to RMB38.13 trillion, up 4.5%. The operating revenue profit margin was 5.43%, up 0.60 ppts YoY. As of end-April, total assets of industrial enterprises above designated size reached RMB192.07 trillion, up 5.5% YoY; total liabilities were RMB111.39 trillion, up 5.9%; and total owners' equity stood at RMB80.69 trillion, up 5.1%. The asset-liability ratio was 58%, up 0.2 ppts YoY. Accounts receivable amounted to RMB27.44 trillion, up 7.2%; and finished goods inventories totaled RMB6.95 trillion, up 6.7%. In the first four months, the cost per RMB100 of operating revenue for industrial enterprises above designated size was RMB84.94, down RMB0.55 YoY; expenses per RMB100 of operating revenue were RMB8.39, up RMB0.01 YoY. At end-April, operating revenue per RMB100 of assets was RMB70.8, down RMB0.2 YoY; per capita operating revenue was RMB1.868 million, up RMB111,000 YoY; finished goods inventory turnover days were 21.4 days, up 0.4 days YoY; and the average collection period for accounts receivable was 72.2 days, up 1.3 days YoY. (jl/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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