National Bureau of Statistics: Profits in the steel industry increased by 1369% year-on-year in the first half of the year
From January to June, the total profit of large-scale industrial enterprises nationwide reached 34,365.0 billion yuan, a year-on-year decrease of 1.8% (calculated based on comparable caliber, see Appendix II for details).
From January to June, among large-scale industrial enterprises, state-holding enterprises achieved a total profit of 11,091.2 billion yuan, a year-on-year decrease of 7.6%; joint-stock enterprises achieved a total profit of 25,330.4 billion yuan, a decrease of 3.1%; foreign-funded and Hong Kong, Macao, and Taiwan-invested enterprises achieved a total profit of 8,823.1 billion yuan, an increase of 2.5%; and privately-owned enterprises achieved a total profit of 9,389.7 billion yuan, an increase of 1.7%.
From January to June, the mining industry achieved a total profit of 4,294.1 billion yuan, a year-on-year decrease of 30.3%; the manufacturing industry achieved a total profit of 25,900.6 billion yuan, an increase of 4.5%; and the electricity, heat, gas, and water production and supply industry achieved a total profit of 4,170.4 billion yuan, an increase of 3.3%.
From January to June, the profit situation of major industries was as follows: the profit of ferrous metal smelting and rolling processing industry increased by 13.7 times year-on-year; the agricultural and sideline product processing industry increased by 22.8%; the electrical machinery and equipment manufacturing industry increased by 13.0%; Non-ferrous metals smelting and rolling processing industry increased by 7.8%; general equipment manufacturing industry increased by 6.5%; electricity and heat production and supply industry increased by 5.6%; special equipment manufacturing industry increased by 4.4%; automobile manufacturing industry increased by 3.6%; computer, communication and other electronic equipment manufacturing industry increased by 3.5%; non-metallic mineral products industry decreased by 5.4%; textile industry decreased by 8.1%; chemical raw materials and chemical products manufacturing industry decreased by 9.0%; petroleum and natural gas extraction industry decreased by 11.5%; Coal mining and washing industry decreased by 53.0%; petroleum, coal and other fuel processing industry showed a year-on-year loss.
From January to June, the operating revenue of large-scale industrial enterprises reached 66.78 trillion yuan, a year-on-year increase of 2.5%; the operating cost was 57.12 trillion yuan, an increase of 2.8%; and the operating profit margin was 5.15%, a year-on-year decrease of 0.22 percentage points.
At the end of June, the total assets of large-scale industrial enterprises reached 183.17 trillion yuan, a year-on-year increase of 5.1%; total liabilities reached 105.98 trillion yuan, an increase of 5.4%; total owner's equity reached 77.19 trillion yuan, an increase of 4.7%; and the asset-liability ratio was 57.9%, an increase of 0.2 percentage points year-on-year.
At the end of June, the accounts receivable of large-scale industrial enterprises reached 26.69 trillion yuan, a year-on-year increase of 7.8%; and the finished goods inventory reached 6.60 trillion yuan, an increase of 3.1%.
From January to June, the cost per 100 yuan of operating revenue of large-scale industrial enterprises was 85.54 yuan, an increase of 0.26 yuan year-on-year; and the expenses per 100 yuan of operating revenue was 8.38 yuan, a decrease of 0.10 yuan year-on-year.
At the end of June, the operating revenue per 100 yuan of assets of large-scale industrial enterprises was 73.9 yuan, a decrease of 1.9 yuan year-on-year; the per capita operating revenue was 1.823 million yuan, an increase of 56,000 yuan year-on-year; the finished goods inventory turnover days was 20.4 days, an increase of 0.1 day year-on-year; and the average collection period of accounts receivable was 69.8 days, an increase of 3.9 days year-on-year.
In June, the profit of large-scale industrial enterprises decreased by 4.3% year-on-year.
