National Bureau of Statistics: From January to November, the profits of industrial enterprises above designated size nationwide decreased by 4.7% year-on-year.

On December 27th, according to the National Bureau of Statistics, from January to November, the total profits of industrial enterprises above designated size in the country reached 6.6748 trillion yuan, a year-on-year decrease of 4.7% (calculated on a comparable basis). In the same period, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 2.03877 trillion yuan, a decrease of 8.4% year-on-year; shareholding enterprises achieved a total profit of 5.0143 trillion yuan, a decrease of 5.7%; foreign-invested enterprises in China, Hong Kong, Macao, and Taiwan achieved a total profit of 1.60629 trillion yuan, a decrease of 0.8%; private enterprises achieved a total profit of 1.96491 trillion yuan, a decrease of 1.0%. In January to November 2024, the profits of industrial enterprises above designated size in the country decreased by 4.7%. From January to November, the total profits of industrial enterprises above designated size in the country reached 66.748 trillion yuan, a year-on-year decrease of 4.7% (calculated on a comparable basis). From January to November, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 2.03877 trillion yuan, a decrease of 8.4% year-on-year; shareholding enterprises achieved a total profit of 5.0143 trillion yuan, a decrease of 5.7%; foreign-invested enterprises in China, Hong Kong, Macao, and Taiwan achieved a total profit of 1.60629 trillion yuan, a decrease of 0.8%; private enterprises achieved a total profit of 1.96491 trillion yuan, a decrease of 1.0%. In January to November, the mining industry achieved a total profit of 1.07962 trillion yuan, a year-on-year decrease of 13.2%; the manufacturing industry achieved a total profit of 4.85249 trillion yuan, a decrease of 4.6%; the electricity, heat, gas, and water production and supply industry achieved a total profit of 735.37 billion yuan, an increase of 10.9%. In January to November, the profit situation of major industries is as follows: the profit of non-ferrous metal smelting and rolling processing industry increased by 20.2% year-on-year, the electricity, heat production, and supply industry increased by 13.5%, the textile industry increased by 4.6%, the computer, communication equipment, and other electronic equipment manufacturing industry increased by 2.9%, the agricultural and sideline food processing industry increased by 0.5%, the general equipment manufacturing industry decreased by 0.1%, the special equipment manufacturing industry decreased by 0.9%, the electrical machinery and equipment manufacturing industry decreased by 3.1%, the petroleum and natural gas extraction industry decreased by 4.4%, the automobile manufacturing industry decreased by 7.3%, the chemical raw materials and chemical products manufacturing industry decreased by 9.3%, the coal mining and washing industry decreased by 22.4%, the non-metallic mineral products industry decreased by 48.2%, the black metal smelting and rolling processing industry decreased by 83.7%, and the petroleum, coal, and other fuel processing industry turned from a profit to a loss year-on-year. In January to November, industrial enterprises above designated size achieved operating income of 12.348 trillion yuan, a year-on-year increase of 1.8%; operating costs of 10.538 trillion yuan, an increase of 2.3%; operating income profit margin was 5.40%, a year-on-year decrease of 0.37 percentage points. At the end of November, the total assets of industrial enterprises above designated size totaled 17.887 trillion yuan, a year-on-year increase of 4.7%; total liabilities were 10.351 trillion yuan, an increase of 4.9%; total owner's equity was 7.536 trillion yuan, an increase of 4.6%; the asset-liability ratio was 57.9%, an increase of 0.1 percentage points year-on-year. At the end of November, industrial enterprises above designated size had accounts receivable of 2.692 trillion yuan, an increase of 8.5% year-on-year; finished goods inventory of 0.657 trillion yuan, an increase of 3.3%. In January to November, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.34 yuan, an increase of 0.37 yuan year-on-year; the expenses per 100 yuan of operating income were 8.40 yuan, an increase of 0.02 yuan. At the end of November, the operating income per 100 yuan of assets of industrial enterprises above designated size was 77.7 yuan, a decrease of 2.9 yuan year-on-year; the per capita operating income was 183,400 yuan, an increase of 64,000 yuan; the days inventory turnover was 19.8 days, an increase of 0.1 day; the average collection period of accounts receivable was 66.7 days, an increase of 4.2 days. In November, the profits of industrial enterprises above designated size decreased by 7.3% year-on-year. This article is selected from the National Bureau of Statistics, edited by GMTEight: Chen Wenfang.