National Bureau of Statistics: Profits of industrial enterprises above designated size nationwide decreased by 22.9% in January to February

2023-03-27

According to the website of the National Bureau of Statistics, from January to February, industrial enterprises above designated size nationwide achieved a total profit of 887.21 billion yuan, a year-on-year decrease of 22.9% (calculated on a comparable basis). From January to February, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 344.91 billion yuan, a year-on-year decrease of 17.5%; Joint stock enterprises achieved a total profit of 671.9 billion yuan, down 19.4%; Foreign and Hong Kong, Macao, and Taiwan invested enterprises achieved a total profit of 176.13 billion yuan, down 35.7%; Private enterprises achieved a total profit of 255.93 billion yuan, down 19.9%. From January to February, the mining industry achieved a total profit of 234.37 billion yuan, a year-on-year decrease of 0.1%; The manufacturing industry achieved a total profit of 583.78 billion yuan, down 32.6%; The production and supply industries of electricity, heat, gas, and water achieved a total profit of 69.06 billion yuan, an increase of 38.6%. From January to February, among the 41 major industrial sectors, 10 industries experienced a year-on-year increase in total profit, 1 industry experienced a loss reduction, 28 industries experienced a decline, and 2 industries experienced a profit to loss transition. The profit profile of the main industries is as follows: The total profit of the power and heat production and supply industries increased by 53.1% year-on-year, the electrical machinery and equipment manufacturing industry increased by 41.5%, the oil and natural gas mining industry increased by 8.6%, the general equipment manufacturing industry increased by 0.2%, the coal mining and washing industry decreased by 2.3%, the agricultural and sideline food processing industry decreased by 6.3%, the specialized equipment manufacturing industry decreased by 8.9%, the textile industry decreased by 37.1%, and the non-metallic mineral products industry decreased by 39.2%, The automobile manufacturing industry decreased by 41.7%, the chemical raw material and chemical product manufacturing industry decreased by 56.6%, the nonferrous metal smelting and rolling processing industry decreased by 57.2%, the computer, communication, and other electronic equipment manufacturing industry decreased by 77.1%, and the petroleum, coal, and other fuel processing industry, and the ferrous metal smelting and rolling processing industry all turned from profits to losses. From January to February, industrial enterprises above designated size achieved operating revenue of 19.30 trillion yuan, a year-on-year decrease of 1.3%; Operating costs incurred amounted to 16.38 trillion yuan, down 0.2%; The operating revenue margin was 4.60%, down 1.29 percentage points year-on-year. At the end of February, the total assets of industrial enterprises above designated size amounted to 156.50 trillion yuan, an increase of 8.2% year-on-year; Total liabilities amounted to 88.91 trillion yuan, up 8.7%; Total owner's equity was 67.60 trillion yuan, up 7.6%; The asset liability ratio was 56.8%, up 0.2 percentage points year-on-year. At the end of February, accounts receivable of industrial enterprises above designated size amounted to 21.23 trillion yuan, a year-on-year increase of 10.9%; Finished product inventory reached 5.99 trillion yuan, up 10.7%. From January to February, the cost of industrial enterprises above designated size per 100 yuan of operating revenue was 84.86 yuan, an increase of 0.90 yuan year-on-year; The expense per 100 yuan of operating revenue was 8.51 yuan, a year-on-year increase of 0.20 yuan. At the end of February, the operating revenue of industrial enterprises above designated size per 100 yuan of assets was 74.0 yuan, a year-on-year decrease of 7.1 yuan; The per capita operating income was 1.58 million yuan, a year-on-year increase of 0. 8%

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:economic dairy

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