January and February profits in chemical raw materials and products industry increased by 20.1%

The National Bureau of Statistics released financial data on industrial enterprises on March 27 showing that profits of industrial enterprises above the national scale rose 16.1 percent in January and February 2018, maintaining a rapid growth momentum.Among them, chemical raw materials and chemical products manufacturing profits increased 20.1 percent.

The industries that accelerate the growth of profits include: the profits of the non-metallic mineral products industry increased 56.8% from a year earlier, the oil, coal and other fuel processing industries increased 17.6%, the oil and natural gas mining industry increased 1.38 times, and the electricity,Thermal production and supply increased 38.3%, pharmaceutical manufacturing increased 37.3%.These five industries together pulled the profit growth rate to accelerate 8.4 percentage points.

Data show that in January and February, among industrial enterprises above scale, the total profits of state-owned holding enterprises were 291.81 billion yuan, an increase of 29.6 yuan over the same period last year; the total profits of collective enterprises were 3.69 billion yuan, an increase of 2.8 yuan; and the total profits of joint-stock enterprises were 682.95 billion yuan.The total profits of foreign investment enterprises and those invested in Hong Kong, Macao, and Taiwan were 225.96 billion yuan, an increase of 2%. The total profits realized by private enterprises were 283.08 billion yuan, an increase of 10%.

In January and February, the mining industry made a total profit of 87.79 billion yuan, up 42.1 percent from a year earlier; the manufacturing industry realized a total profit of 810 billion yuan, up 12.5 percent; and the electricity, heat, gas and water production and supply industry realized a total profit of 71.11 billion yuan, up 35.2m.

In January and February, total profits in 29 of the 41 major industrial sectors rose from a year earlier, with one sector flat and 11 declining.The profits of the major industries are as follows: the total profits of the coal mining and washing industries increased by 19.6 percent from a year earlier, the oil and natural gas mining industries increased by 1.4 times, the textile industry increased by 3 times, and the oil industry,The coal and other fuel processing industry increased 17.6%, the chemical raw materials and chemical products manufacturing industry increased 20.1%, the non-metallic mineral products industry increased 56.8%, the ferrous metal smelting and calender processing industry increased 97.7%, the general equipment manufacturing industry increased 8.5%, the special equipment manufacturing industry increased 15.610%, and the electricity,The thermal production and supply industry increased 38.3%, the agricultural and auxiliary food processing industry decreased 0.1%, the non-ferrous metal smelting and calender processing industry dropped 11.9%, the automobile manufacturing industry dropped 1.8%, and the electrical machinery and equipment manufacturing industry dropped 5.3%.Communications and other electronics manufacturing fell 8.2 percent.

In January and February, industrial enterprises above the scale achieved 15.9 trillion yuan of main business income, an increase of 10% over the same period last year; 13.3 trillion yuan of main business cost, up 9.5%; the profit margin of main business revenue was 6.1, up 0.33% from the same period last year.

At the end of February, the assets of industrial enterprises above the scale totaled 105.7 trillion yuan, up 7.4 percent from a year earlier; liabilities totaled 59.6 trillion yuan, up 6 percent; owners' equity totaled 46.1 trillion yuan, up 9.3 percent; and the ratio of assets to liabilities was 56.3 percent, down 0.8 percent from the same period last year.

At the end of February, the accounts receivable of industrial enterprises above the scale was 12.6 trillion yuan, up 9.7 percent from the same period last year; the inventory of finished goods was 3.8786 trillion yuan, up 8.6 percent.

In January - February , the cost per 100 yuan of industrial enterprises above the scale was 83.98 yuan , a year - on - year decrease of 0.33 yuan ; the cost per 100 yuan of main business income is RMB 8.42 yuan , the same ratio is increased by 0.06 yuan ; the main business income per 100 yuan of assets is RMB 117.30 million , the same ratio is increased by RMB 11.90 million Yuan ; the turnover days of finished goods are 17.4 days , with a year - on - year decrease of 0.2 days ; the average recovery period of accounts receivable is 47.4 days , which is reduced by 0.2 days .

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