According to the data released by the National Bureau of Statistics on March 27th, from January to February, the total profits of industrial enterprises above the national scale reached 914.06 billion yuan, an increase of 10.2 percent over the same period last year. Of this total, the profits of the oil and natural gas mining industry totaled 65.22 billion yuan, up 1.8 percent over the same period last year, while those of the chemical raw materials and chemical products manufacturing industry totaled 42.34 billion yuan, up 0.3 percent over the same period last year.

Data show that from January to February, among industrial enterprises above scale, the total profits of state-controlled enterprises were 343.49 billion yuan, up 0.5 percent over the same period last year; the total profits of joint-stock enterprises were 689.85 billion yuan, up 5.3 percent; the total profits of foreign investors and enterprises invested in Hong Kong, Macao and Taiwan were 216.92 billion yuan, up 31.2 percent; and the total profits of private enterprises were 246.54 billion yuan, up 12.7 percent.

By category, from January to February, the total profits of the mining industry totaled 188.1 billion yuan, down 21.1 percent from the same period last year; the total profits of the manufacturing industry totaled 613.45 billion yuan, up 17.4 percent; and the total profits of the electricity, heat, gas and water production and supply industries totaled 112.51 billion yuan, up 63.1 percent.

The profits of more than 70% of the industries increased, while the manufacturing and electrical and water industries grew rapidly. From January to February, the profits of 29 of the 41 major industrial industries increased over the same period last year, with an increase of 70.7 percent, an increase of 4.8 percentage points over the whole of the previous year. The profits of the main industries are as follows: the profits of the computer, communications and other electronic equipment manufacturing industry increased by 2.1 times, the power, thermal production and supply industry increased by 69.4%, the non-ferrous metal smelting and Calendering industry increased by 65.5%, and the textile industry grew by 51.1%. The automobile industry grew by 50.1%, the general equipment manufacturing industry by 20.7%, and the oil and gas mining industry by 1.8%. The manufacturing industry of chemical raw materials and chemical products increased by 0.3%, the coal mining and washing industry decreased by 36.8%, the non-metallic mineral products industry dropped by 32.1%, the manufacturing of special equipment fell by 17.0%, and the agricultural and non-staple food processing industry dropped by 7.3%. The manufacturing industry of electrical machinery and equipment fell by 2.0%, and losses in the oil, coal and other fuel processing industries and ferrous metal smelting and Calendering industries all increased.

With the continuous recovery of market demand and the rapid growth of industrial production, the revenue growth of industrial enterprises has accelerated significantly. From January to February, the operating income of industrial enterprises above scale reached 19.44 trillion yuan, an increase of 4.5% over the same period last year; the operating cost was 16.52 trillion yuan, an increase of 4.6%; and the profit margin of operating income was 4.70%, an increase of 0.24% over the same period last year.

At the end of February, the assets of industrial enterprises above scale totaled 167.83 trillion yuan, up 6.5 percent from the same period last year; liabilities totaled 95.75 trillion yuan, up 6.2 percent; owners' equity totaled 72.08 trillion yuan, up 6.9 percent; and the asset-liability ratio was 57.1 percent, down 0.1 percent from the same period last year.

At the end of February, the accounts receivable of industrial enterprises above scale were 22.99 trillion yuan, up 8.6 percent over the same period last year, and the inventory of finished goods was 6.09 trillion yuan, up 2.4 percent.

From January to February, the cost of industrial enterprises above scale was 84.97 yuan per 100 yuan of operating income, an increase of 0.11 yuan over the same period last year, and the cost of every 100 yuan of operating income was 8.62 yuan, a decrease of 0.01 yuan over the same period last year.

At the end of February, the operating income of industrial enterprises above scale was 69.5 yuan per 100 yuan of assets, down 1.30 yuan from the same period last year; the per capita operating income was 1.639 million yuan, an increase of 104000 yuan over the same period last year; the turnover of inventory of finished goods was 22.1 days, a decrease of 0.5 days compared with the same period last year; the average payback period of accounts receivable was 71.0 days, an increase of 2.7 days over the same period last year. Source: Sinochem New Network