From January to March,the profits of industrial enterprises above designated size decreased by 36.7%

From January to March， the total profits of industrial enterprises above designated size nationwide amounted to 781.45 billion yuan， a year-onyear decrease of 36.7%， the decline was 1.6 percentage points narrower than in January to February.

From January to March， among the industrial enterprises above designated size， state-owned holding enterprises achieved a total profit of 222.67 billion yuan， a year-on-year decrease of 45.5%； joint-stock enterprises achieved a total profit of 597.04 billion yuan， a decrease of 33.0%； and foreign-invested， Hong Kong， Macao， and Taiwan-invested enterprises achieved a total profit of 167.15 billion yuan， a decrease of 46.9%； the total profits of private enterprises reached 234.48 billion yuan， a decrease of 29.5%.

From January to March， the total profit of the mining industry was 88.14 billion yuan， a year-on-year decrease of 27.5%； the total profit of the manufacturing industry was 607.96 billion yuan， down 38.9%； the total profit of the electricity， heat， gas and water production and supply industry was 85.35 billion yuan， down 28.6%.

From January to March， of the 41 major industries， the total profit of 2 industries increased year-on-year， and 39 industries decreased. The profits of major industries are as follows： the total profit of the tobacco products industry increased by 28.5% year-on-year， the agricultural and sideline food processing industry increased by 11.2%， the automobile manufacturing industry decreased by 80.2%， the chemical raw materials and chemical products manufacturing industry decreased by 56.5%， and the ferrous metal smelting and rolling processing industries decreased by 55.7%， electrical machinery and equipment manufacturing decreased by 47.0%， general equipment manufacturing decreased by 39.9%， textile industry decreased by 38.8%， special equipment manufacturing decreased by 34.7%， non-metallic mineral products industry decreased by 34.0%， electricity， heat production and supply industry decreased by 30.7%， the non-ferrous metal smelting and rolling processing industry decreased by 30.2%， the coal mining and washing industry decreased by 29.9%， the oil and gas mining industry decreased by 20.1%， and the computer， communications and other electronic equipment manufacturing industries decreased by 12.0%， the oil， coal and other fuel processing industries turned from profit to loss in the same period last year.

From January to March， industrial enterprises above designated size achieved operating income of 19.86 trillion yuan， a year-on-year decrease of 15.1%； operating cost of 16.83 trillion yuan， a decrease of 14.6%； operating income margin was 3.94%， a year-on-year decrease of 1.34 percentage points.

At the end of March， assets of industrial enterprises above designated size totaled 116.57 trillion yuan， an increase of 6.2% year-on-year； total liabilities were 66.00 trillion yuan， an increase of 5.4%； total owners equity was 50.57 trillion yuan， an increase of 7.3%； the asset-liability ratio was 56.6%， A year-on-year decrease of 0.4 percentage points.

At the end of March， the accounts receivable of industrial enterprises above designated size was 14.04 trillion yuan， an increase of 7.3% year-on-year； the inventory of finished products was 438.297 billion yuan， an increase of 14.9%.

From January to March， the cost per 100 yuan of operating income of industrial enterprises above designated size was 84.76 yuan， an increase of 0.49 yuan year-on-year； the expense per 100 yuan of operating income was 9.58 yuan， an increase of 0.68 yuan year-on-year.

At the end of March， the operating income per 100 yuan of assets of industrial enterprises above designated size was 68.6 yuan， a year-on-year decrease of 17.2 yuan； per capita operating income was 1.134 million yuan， a yearon-year decrease of 135，000 yuan； finished goods inventory turnover days were 23.1 days， an increase of 5.5 days year-on-year； the average payback period of accounts receivable is 63.1 days， an increase of 14.3 days.

In March， industrial enterprises above designated size achieved a total profit of 370.66 billion yuan， a year-onyear decrease of 34.9%.