According to report published by National Bureau of Statistics of China, in the first five months of 2020, the profits made by industrial enterprises above the designated size achieved 1,843.49 billion yuan, a year-on-year decrease of 19.3 percent (calculated on comparable basis, see Annotations II for details), and the pace of decline narrowed 8.1 percentage points over the first four months.
In the first five months, among the industrial enterprises above the designated size, the profits of state-holding industrial enterprises gained 440.42 billion yuan, a decrease of 39.3 percent year-on-year, that of joint-stock enterprises stood at 1,347.88 billion yuan, fell by 19.2 percentage points, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 465.92 billion yuan, decreased by 18.4 percent; and that of private enterprises gained 560.73 billion yuan, a decrease of 11.0 percent.
In the first five months, the profits of mining and quarrying reached 129.16 billion yuan, a decrease of 43.6 percent year-on-year, that of manufacturing was 1,546.19 billion yuan, a decrease of 16.6 percent, that of production and distribution of electricity, heat, gas and water reached 168.14 billion yuan, down by 16.7 percent.
In the first five months, within 41 branches of industrial divisions, the industrial profits of 10 industrial divisions increased year-on-year, and that of 1 unchanged and 30 decreased. In view of the profit growth of major industries, that of manufacture of computer, communication equipment and other electronic equipment, processing of food from agricultural products, and manufacture of special-purpose machinery, increased by 34.7, 19.0 and 16.6 percent; that of extraction of petroleum and natural gas, smelting and pressing of ferrous metals, smelting and pressing of non-ferrous metals, manufacture of chemical raw material and chemical products, manufacture of motor vehicles, mining and washing of coal, production and distribution of electricity and heat power, manufacture of non-metallic mineral products, manufacture of electrical machinery and equipment, manufacture of textile, manufacture of general-purpose machinery, respectively decreased by 75.8, 57.2, 43.7, 38.6, 33.5, 31.2, 19.5, 12.0, 11.6, 10.3 and 6.5 percent; while that of processing of petroleum, coal and other fuels changed from profit to loss in the same period.
In the first five months, the revenue from activities of industrial enterprises above the designated size reached 36.88 trillion yuan, decreased by 7.4 percent year-on-year. The costs of operating were 31.26 trillion yuan, down by 6.8 percent. The profit rate revenue from operating was 5.00 percent, a decrease of 0.74 percentage point year-on-year.
By the end of May, the total assets of industrial enterprises above the designated size was 118.94 trillion yuan, increased by 6.4 percent year-on-year; the total liabilities reached 67.72 trillion yuan, increased by 6.6 percent; the total owners’ equity was 51.22 trillion yuan, increased by 6.2 percent. The asset-liability ratio was 56.9 percent, rose by 0.1 percentage point year-on-year. By the end of May, the total volume of accounts receivable for industrial enterprises above designated hit 15.13 trillion yuan, went up by 13.0 percent year-on-year. The total inventory value of finished products for industrial enterprises accounted for 4.47 trillion yuan, increased by 9.0 percent.
In the first five months, the costs for per-hundred-yuan of business income above the designated size stood at 84.77 yuan, an increase of 0.58 yuan year-on-year, that of the expenses for per-hundred-yuan stood at 9.05 yuan, an increase of 0.26 yuan year-on-year. By the end of May, the revenue activities brought by per-hundred-yuan assets above the designated size was 75.7 yuan, a decrease of 11.2 yuan year-on-year; the revenue from activities per capita was 1,244 thousand yuan, a decrease of 43 thousand yuan year-on-year; the turnover days of finished goods were 20.9 days, an increase of 3.0 days from that in the previous year; the days of accounts receivable hit an average of 58.8 days, an increase of 10.4 days year-on-year. In May, industrial enterprises above the designated size posted a total profit of 582.34 billion yuan, rose by 6.0 percent year on year, and which was 4.3 percent of decline in April.
