National Bureau of Statistics: From January to July, the profits of the country's industrial enterprises above designated size increased by 3.6% year-on-year.

On August 27, according to the National Bureau of Statistics, from January to July, the total profits of industrial enterprises above designated size in China reached 4.0917 trillion yuan, an increase of 3.6% year-on-year (calculated on a comparable basis). From January to July, among industrial enterprises above designated size, state-owned enterprises achieved total profits of 1.39173 trillion yuan, a year-on-year increase of 1.0%; shareholding enterprises achieved total profits of 3.05146 trillion yuan, an increase of 1.9%; foreign, Hong Kong, Macao, and Taiwan-invested enterprises achieved total profits of 1.01849 trillion yuan, an increase of 9.9%; private enterprises achieved total profits of 1.1031 trillion yuan, an increase of 7.3%. From January to July, industrial enterprises above designated size achieved operating income of 75.93 trillion yuan, a year-on-year increase of 2.9%; operating costs amounted to 64.79 trillion yuan, an increase of 3.0%; the operating income profit rate was 5.40%, an increase of 0.04 percentage points year-on-year. In the first seven months of 2024, profits of large-scale industrial enterprises in China increased by 3.6%. From January to July, the total profits of industrial enterprises above designated size in China reached 4.0917 trillion yuan, an increase of 3.6% year-on-year (calculated on a comparable basis). From January to July, among industrial enterprises above designated size, state-owned enterprises achieved total profits of 1.39173 trillion yuan, a year-on-year increase of 1.0%; shareholding enterprises achieved total profits of 3.05146 trillion yuan, an increase of 1.9%; foreign, Hong Kong, Macao, and Taiwan-invested enterprises achieved total profits of 1.01849 trillion yuan, an increase of 9.9%; private enterprises achieved total profits of 1.1031 trillion yuan, an increase of 7.3%. From January to July, the mining industry achieved total profits of 717.92 billion yuan, a year-on-year decrease of 9.5%; the manufacturing industry achieved total profits of 2.90454 trillion yuan, an increase of 5.0%; the electricity, heat, gas, and water production and supply industry achieved total profits of 476.71 billion yuan, an increase of 20.1%. From January to July, the profit situation of major industries is as follows: the nonferrous metal smelting and rolling processing industry saw a year-on-year increase in profits of 79.3%, the computer, communication, and other electronic equipment manufacturing industry increased by 25.1%, the agricultural and sideline food processing industry increased by 23.9%, the electricity, heat production and supply industry increased by 23.2%, the textile industry increased by 18.4%, the automobile manufacturing industry increased by 6.7%, the petroleum and natural gas extraction industry increased by 5.3%, the chemical raw materials and chemical products manufacturing industry increased by 4.8%, general equipment manufacturing industry increased by 4.3%, special equipment manufacturing industry decreased by 2.9%, electrical machinery and equipment manufacturing industry decreased by 8.1%, coal mining and washing industry decreased by 21.7%, non-metallic mineral products industry decreased by 48.8%, the petroleum, coal and other fuel processing industry, and the black metal smelting and rolling processing industry turned from profit to loss year-on-year. From January to July, industrial enterprises above designated size achieved operating income of 75.93 trillion yuan, a year-on-year increase of 2.9%; operating costs amounted to 64.79 trillion yuan, an increase of 3.0%; the operating income profit rate was 5.40%, an increase of 0.04 percentage points year-on-year. By the end of July, the total assets of industrial enterprises above designated size reached 172.76 trillion yuan, an increase of 5.3% year-on-year; total liabilities reached 99.51 trillion yuan, an increase of 5.1%; total owner's equity reached 73.25 trillion yuan, an increase of 5.7%; the asset-liability ratio was 57.6%, a decrease of 0.1 percentage points year-on-year. By the end of July, accounts receivable of industrial enterprises above designated size reached 25.10 trillion yuan, an increase of 8.1% year-on-year; finished goods inventory reached 6.47 trillion yuan, an increase of 5.2%. From January to July, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.33 yuan, an increase of 0.09 yuan year-on-year; the expenses per 100 yuan of operating income were 8.41 yuan, the same as the previous year. At the end of July, the operating income per 100 yuan of assets of industrial enterprises above designated size was 76.4 yuan, a decrease of 2.3 yuan year-on-year; the per capita operating income was 179.4 thousand yuan, an increase of 7.8 thousand yuan year-on-year; the inventory turnover days for finished goods were 20.4 days, an increase of 0.2 days year-on-year; the average collection period for accounts receivable was 66.5 days, an increase of 3.4 days year-on-year. In July, industrial enterprises above designated size achieved a year-on-year profit growth of 4.1%. This article is excerpted from the National Bureau of Statistics, and GMTEight Editor: Chen Wenfang.