National Bureau of Statistics: From January to August, profits of industrial enterprises nationwide above designated size increased by 0.5% year-on-year.

On September 27, the National Bureau of Statistics released a document stating that from January to August, the total profits of industrial enterprises above designated size in China reached 4.65273 trillion yuan, a year-on-year increase of 0.5% (calculated on a comparable basis). From January to August, state-owned enterprises achieved a total profit of 1.54906 trillion yuan, a decrease of 1.3% year-on-year; shareholding enterprises achieved a total profit of 3.44303 trillion yuan, a decrease of 1.3%; foreign-invested enterprises from Hong Kong, Macao, Taiwan achieved a total profit of 1.1777 trillion yuan, an increase of 6.9%; private enterprises achieved a total profit of 1.26483 trillion yuan, an increase of 2.6%. The original text is as follows: From January to August 2024, the profits of industrial enterprises above designated size in the country increased by 0.5%. From January to August, the total profits of industrial enterprises above designated size in the country reached 4.65273 trillion yuan, a year-on-year increase of 0.5% (calculated on a comparable basis). From January to August, among industrial enterprises above designated size, state-owned enterprises achieved a total profit of 1.54906 trillion yuan, a decrease of 1.3% year-on-year; shareholding enterprises achieved a total profit of 3.44303 trillion yuan, a decrease of 1.3%; foreign-invested enterprises from Hong Kong, Macao, Taiwan achieved a total profit of 1.1777 trillion yuan, an increase of 6.9%; private enterprises achieved a total profit of 1.26483 trillion yuan, an increase of 2.6%. From January to August, the mining industry achieved a total profit of 813.28 billion yuan, a year-on-year decrease of 9.2%; the manufacturing industry achieved a total profit of 3.29672 trillion yuan, an increase of 1.1%; the electricity, heat, gas, and water production and supply industry achieved a total profit of 542.73 billion yuan, an increase of 14.7%. From January to August, the profit situation of major industries is as follows: the profit of non-ferrous metal smelting and rolling processing industry increased by 64.2% year-on-year, the computer, communication and other electronic equipment manufacturing industry increased by 22.1%, the agricultural and sideline food processing industry increased by 18.2%, the electricity, heat production and supply industry increased by 16.7%, the textile industry increased by 14.7%, the petroleum and natural gas extraction industry increased by 3.9%, the automobile manufacturing industry increased by 3.0%, the general equipment manufacturing industry increased by 2.2%, the chemical raw materials and chemical products manufacturing industry increased by 0.6%, the special equipment manufacturing industry decreased by 6.0%, the electrical machinery and equipment manufacturing industry decreased by 11.2%, the coal mining and washing industry decreased by 20.9%, the non-metallic mineral products industry decreased by 50.9%, the petroleum, coal and other fuel processing industry, the black metal smelting and rolling processing industry turned from profit to loss year-on-year. From January to August, industrial enterprises above designated size achieved operating income of 87.10 trillion yuan, a year-on-year increase of 2.4%; incurred operating costs of 74.38 trillion yuan, an increase of 2.6%; the operating income profit rate was 5.34%, a year-on-year decrease of 0.10 percentage points. At the end of August, the total assets of industrial enterprises above designated size reached 173.71 trillion yuan, a year-on-year increase of 4.8%; total liabilities amounted to 100.11 trillion yuan, an increase of 4.6%; total owner's equity amounted to 73.60 trillion yuan, an increase of 5.2%; the asset-liability ratio was 57.6%, a year-on-year decrease of 0.2 percentage points. At the end of August, industrial enterprises above designated size had accounts receivable of 25.50 trillion yuan, a year-on-year increase of 8.4%; finished goods inventory of 6.53 trillion yuan, an increase of 5.1%. From January to August, the cost per hundred units of operating income for industrial enterprises above designated size was 85.39 yuan, an increase of 0.19 yuan year-on-year; the expenses per hundred units of operating income were 8.41 yuan, an increase of 0.04 yuan year-on-year. At the end of August, the operating income per hundred units of assets for industrial enterprises above designated size was 76.5 yuan, a decrease of 2.4 yuan year-on-year; the per capita operating income was 1.8 million yuan, an increase of 73,000 yuan year-on-year; the inventory turnover days was 20.4 days, an increase of 0.3 days year-on-year; the average collection period for accounts receivable was 66.8 days, an increase of 3.7 days year-on-year. Affected by factors such as high base in the same period last year, in August, the profits of industrial enterprises above designated size decreased by 17.8% year-on-year. This article is compiled from the National Bureau of Statistics, and edited by GMTEight: Chen Wenfang.