National Bureau of Statistics: Profits of industrial enterprises above designated size in China increased by 18.8% from January to May.

On June 27th, data from the National Bureau of Statistics showed that from January to May, the total profits of large-scale industrial enterprises in China reached 3.1396 trillion yuan, an increase of 18.8% year-on-year. During this period, state-owned enterprises achieved total profits of 1.04866 trillion yuan, a year-on-year increase of 19.6%; shareholding enterprises achieved total profits of 2.43481 trillion yuan, an increase of 24.1%; foreign-invested enterprises from Hong Kong, Macao, and Taiwan achieved total profits of 695.72 billion yuan, an increase of 4.2%; private enterprises achieved total profits of 772.65 billion yuan, an increase of 10.7%. From January to May, the operating income of large-scale industrial enterprises reached 5.655 trillion yuan, an increase of 5.5% year-on-year; operating costs amounted to 4.804 trillion yuan, an increase of 4.7%; the operating income profit margin was 5.56%, an increase of 0.63 percentage points year-on-year. By the end of May, the total assets of large-scale industrial enterprises were 19.355 trillion yuan, an increase of 5.8% year-on-year; total liabilities were 11.269 trillion yuan, an increase of 6.5%; total owner's equity was 8.087 trillion yuan, an increase of 5.0%; the asset-liability ratio was 58.2%, an increase of 0.3 percentage points year-on-year. At the end of May, accounts receivable of large-scale industrial enterprises reached 2.817 trillion yuan, an increase of 7.7% year-on-year; finished goods inventory was 714 billion yuan, an increase of 8.8%. From January to May, the cost per 100 yuan of operating income for large-scale industrial enterprises was 84.95 yuan, a decrease of 0.59 yuan year-on-year; the expenses per 100 yuan of operating income were 8.39 yuan, unchanged from the previous year. By the end of May, the operating income per 100 yuan of assets for large-scale industrial enterprises was 71.1 yuan, a decrease of 0.1 yuan year-on-year; per capita operating income was 1.88 million yuan, an increase of 113,000 yuan year-on-year; the inventory turnover days for finished goods were 21.6 days, an increase of 0.6 days year-on-year; the average collection period for accounts receivable was 72.6 days, an increase of 1.3 days. In May, profits of large-scale industrial enterprises increased by 21.1% year-on-year. This article is compiled from the "National Bureau of Statistics official website" and edited by GMTEight: Zhang Jinliang.