Profits in key industries such as chemical industry recovered significantly in March

The financial data of industrial enterprises released by the National Bureau of Statistics on April 27 showed that in March 2019, the total profits of industrial enterprises above designated size nationwide increased by 13.9% year-on-year, with a growth rate of 1-2 It rebounded sharply in January (a year-on-year decrease of 14.0% from January to February). Cumulative profits from January to March fell by 3.3% year-on-year, and the decline was 10.7 percentage points narrower than that from January to February.

Profits in key industries such as automobiles, petroleum processing, steel, and chemicals have rebounded significantly. In March, affected by factors such as price cuts and the launch of new models, automobile production and sales recovered, and the profits of the automobile manufacturing industry increased by 1.0% year-on-year, reversing the 42.0% year-on-year decline in profits from January to February; affected by the rebound in industrial product prices, oil The profits of the processing, steel and chemical industries fell by 13.9%, 15.2% and 3.2% respectively year-on-year, and the decline rate was significantly narrowed by 56.5, 43.8 and 24.0 percentage points from January to February. The above four industries collectively affected the profit growth rate of all industrial enterprises above designated size, which was 12.8 percentage points higher than that in January and February.

Data show that from January to March, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 414.62 billion yuan, a year-on-year decrease of 13.4%; joint-stock enterprises realized a total profit of 917.09 billion yuan, a decrease of 1.0%; foreign-invested, Hong Kong, Macao and Taiwan-invested enterprises realized a total profit of 318.22 billion yuan, a decrease of 7.9%; private enterprises realized a total profit of 325.98 billion yuan, an increase of 7.0% .

In the first three months, the mining industry realized a total profit of 122.88 billion yuan, a year-on-year decrease of 3.4%; the manufacturing industry realized profits The total profit was 1.05779 billion yuan, a decrease of 4.2%; the electricity, heat, gas and water production and supply industry achieved a total profit of 116.54 billion yuan, an increase of 5.7%.

From January to March, industrial enterprises above designated size achieved operating income of 24.4 trillion yuan, a year-on-year increase of 7.2%; Operating costs incurred were 20.6 trillion yuan, an increase of 7.7%; operating income profit margin was 5.31%, a year-on-year decrease of 0.58 percentage points.

At the end of March, the assets of industrial enterprises above designated size totaled 111.4 trillion yuan, a year-on-year increase of 6.9%; the total liabilities were 63.6 trillion yuan, an increase of 6.5%; total owner’s equity was 47.8 trillion yuan, an increase of 7.4%; the asset-liability ratio was 57.0%, a year-on-year decrease of 0.2 percentage points.

At the end of March, the notes receivable and accounts receivable of industrial enterprises above designated size were 15.9 trillion yuan, a year-on-year increase 6.5%; finished goods inventory was 3.91865 billion yuan, an increase of 0.3%.

From January to March, the cost per 100 yuan of operating income of industrial enterprises above designated size was 84.39 yuan, year-on-year An increase of 0.41 yuan; the expense per 100 yuan of operating income was 8.77 yuan, a year-on-year increase of 0.06 yuan.

At the end of March, the operating income of industrial enterprises above designated size per 100 yuan of assets was 88.3 yuan, a year-on-year increase of 0.4 yuan; per capita operating income was 1.305 million yuan, an increase of 128,000 yuan year-on-year; the inventory turnover days of finished products were 17.3 days, a year-on-year decrease of 0.8 days; the average recovery period of notes receivable and accounts receivable was 55.5 days, a year-on-year increase of 1.0 days.

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