National Bureau of Statistics：From January to February,profits of industrial enterprises above designated size fell by 38.3%

From January to February， the total profits of industrial enterprises above designated size reached 410.70 billion yuan， a year-on-year decrease of 38.3% （calculated on a comparable basis）.

From January to February， among the industrial enterprises above designated size， state-owned holding companies realized total profits of 146.54 billion yuan， a year-on-year decrease of 32.9%； joint-stock enterprises realized total profits of 315.88 billion yuan， a decrease of 33.6%； foreign and Hong Kong， Macao and Taiwan-invested companies realized total profits of 79.63 billion yuan， a decrease of 53.6%； total profits of private companies reached 120.83 billion yuan， a decrease of 36.6%.

From January to February， the total profit of the mining industry was 55.31 billion yuan， a year-on-year decrease of 21.1%； the total profit of the manufacturing industry was 300.57 billion yuan， a decrease of 42.7%； the total profit of the electricity， heat， gas and water production and supply industry was 54.82 billion yuan， a decrease of 23.2%.

From January to February， of the 41 industrial sectors， the total profit of 4 industries increased year-on-year， and 37 industries decreased. The profit of the main industries is as follows： total profit of the tobacco products industry increased by 31.5% year-on-year， non-ferrous metal smelting and rolling processing industry increased by 28.3%， oil and natural gas extraction industry increased by 23.7%， agricultural and sideline food processing industry increased by 2.2%， computers， communications and other electronic equipment manufacturing industry decreased by 87.0%， automobile manufacturing industry decreased by 79.6%， electrical machinery and equipment manufacturing industry decreased by 68.2%， chemical raw materials and chemical products manufacturing industry decreased by 66.4%， general equipment manufacturing industry decreased by 62.3%， and textile industry decreased by 59.3%， special equipment manufacturing industry decreased by 55.1%， coal mining and washing industry decreased by 45.6%， non-metallic mineral products industry decreased by 37.0%， ferrous metal smelting and rolling processing industry decreased by 34.4%， electric power， heat production and supply industry decreased by 19.4%， oil ， Coal and other fuel processing industries turned from profit to loss over the same period.

From January to February， operating income of industrial enterprises above designated size reached 11.62 trillion yuan， a year-on-year decrease of 17.7%； operating costs incurred were 9.77 trillion yuan， a decrease of 17.8%； operating profit margin was 3.54%， a year-on-year decrease of 1.17 percentage points.

At the end of February， the assets of industrial enterprises above designated size totaled 114.97 trillion yuan， a year-on-year increase of 6.3%； liabilities totaled 64.74 trillion yuan， an increase of 5.3%； owners equity totaled 50.23 trillion yuan， an increase of 7.6%； the asset-liability ratio was 56.3%， a year-on-year decrease of 0.6 percentage points.

At the end of February， accounts receivable of industrial enterprises above designated size was 13.80 trillion yuan， an increase of 12.2% year-on-year； the inventory of finished products was 4，248.62 billion yuan， an increase of 8.7%.

From January to February， the cost per 100 yuan of operating income of industrial enterprises above designated size was 84.07 yuan， a decrease of 0.02 yuan year-onyear； the expense per 100 yuan of operating income was 10.12 yuan， an increase of 0.87 yuan year-on-year.

At the end of February， the operating income per 100 yuan of assets of industrial enterprises above designated size was 60.6 yuan， a year-on-year decrease of 17.7 yuan； the per capita operating income was 1.02 million yuan， a decrease of 141，000 yuan； the number of days of turnover of finished product inventory was 26.1 days， an increase of 6.4 days； the average payback period of accounts receivable is 71.3 days， an increase of 19.1 days year-on-year.