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2023

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09

In the first eight months, the profits of the chemical raw materials and products manufacturing industry fell by 51.1


According to data released by the National Bureau of Statistics on September 27, from January to August, the total profits of industrial enterprises above designated size across the country reached 4655.82 billion billion yuan, a year-on-year decrease of 11.7 percent, and the rate of decline narrowed by 3.8 percentage points from January to July. Among them, the profits of chemical raw materials and chemical products manufacturing industry decreased by 51.1.

Data show that from January to August, among the industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 1584.16 billion yuan, a year-on-year decrease of 16.5; joint-stock enterprises achieved a total profit of 3401.84 billion yuan, a decrease of 12.1; foreign and Hong Kong, Macao and Taiwan-invested enterprises achieved a total profit of 1109.27 billion yuan, a decrease of 11.1; private enterprises achieved a total profit of 1248.72 billion yuan, a decrease of 4.6.

Profits in all three categories improved. From January to August, the mining industry realized a total profit of 890.63 billion billion yuan, down 20.5 percent from the same period last year; the manufacturing industry realized a total profit of 3298.28 billion billion yuan, down 13.7 percent; and the electricity, heat, gas and water production and supply industries realized a total profit of 466.91 billion billion yuan, up 40.4 percent.

In terms of industries, among the 41 major industrial industries, 30 industries have accelerated their profit growth, or the decline has narrowed, from decline to increase, and the industry has improved by more than 70%. From January to August, the total profits of electricity and heat production and supply industry increased by 53.4 percent year on year, electrical machinery and equipment manufacturing industry increased by 33.0 percent, general equipment manufacturing industry increased by 12.9 percent, special equipment manufacturing industry increased by 3.6 percent, automobile manufacturing industry increased by 2.4 percent, oil and natural gas mining industry decreased by 10.8 percent, textile industry decreased by 15.0 percent, computer, communication and other electronic equipment manufacturing industry decreased by 20.6 percent, and agricultural and sideline food processing industry decreased by 26.0 percent, coal mining and washing decreased by 26.3 per cent, non-metallic mineral products by 26.8 per cent, non-ferrous metal smelting and rolling processing by 27.0 per cent, chemical raw materials and chemical products manufacturing by 51.1 per cent, ferrous metal smelting and rolling processing by 57.1 per cent, and petroleum, coal and other fuel processing by 68.9 per cent.

From January to August, industrial enterprises above designated size achieved operating income of 84.33 trillion billion yuan, a year-on-year decrease of 0.3 percent; operating costs incurred were 71.83 trillion billion yuan, an increase of 0.2 percent; operating income profit margin was 5.52 percent, a year-on-year decrease of 0.71 percentage points.

At the end of August, the assets of industrial enterprises above designated size totaled 163.01 trillion billion yuan, a year-on-year increase of 6.6 percent; the total liabilities totaled 93.87 trillion billion yuan, an increase of 7.0 percent; the total owner's equity totaled 69.14 trillion billion yuan, an increase of 6.1 percent; the asset-liability ratio was 57.6 percent, an increase of 0.2 percentage points year-on-year.

At the end of August, the accounts receivable of industrial enterprises above designated size was 23.41 trillion yuan, up 9.5 percent year-on-year; the inventory of finished goods was 6.15 trillion yuan, up 2.4 percent.

From January to August, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.17 yuan, an increase of 0.42 yuan year-on-year; the cost per 100 yuan of operating income was 8.33 yuan, an increase of 0.28 yuan year-on-year.

At the end of August, the operating income of industrial enterprises above designated size per 100 yuan of assets was 79.2 yuan, a year-on-year decrease of 6.1 yuan; the per capita operating income was 1.75 million yuan, a year-on-year increase of 52000 yuan; the inventory turnover days of finished products were 20.3 days, a year-on-year increase of 1.2 Days; the average payback period of accounts receivable was 63.5 days, a year-on-year increase of 6.0 days.

In August, the profits of industrial enterprises above designated size changed from decline to increase, up 17.2 percent year on year.

Source:Sinochem New Network