Industrial profits increased in the first six months of 2018

In the first six months of 2018, the profits made by industrial  enterprises above the designated size achieved 3,388.21 billion yuan, a year-on-year increase of 17.2 percent, and the growth rate increased by 0.7 percentage points from the first five months.

In the first six months, the profits of state-holding industrial  enterprises above the designated size gained 1,024.87 billion yuan, an increase of 31.5 percent year-on-year; that of collective-owned enterprises reached 10.97  billion yuan, an increase of 4.6 percent; that of joint-stock enterprises stood at 2，405.99  billion yuan, up by 21.0 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 819.76 billion  yuan, increased by 8.7 percent; and that of private enterprises gained 888.91  billion yuan, an increase of 10.0 percent.

In the first six months, the profits of mining and quarrying reached  285.39 billion yuan, an increase of 47.9 percent year-on-year; that of manufacturing was 2,880.05 billion yuan, an increase of 14.3 percent; that of production and distribution of electricity, heat, gas and water reached 222.77 billion yuan, up by 25.3 percent.

In the first six months, within 41 branches of industrial divisions, the industrial profits of 29 industrial divisions increased year-on-year, that of 1 remained at the same level, and that of 11 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased by 18.4 percent year-on-year, that of extraction of petroleum and natural gas increased by 3.1 times, that of processing of food from agricultural products increased by 2.2 percent, that of processing of petroleum, coal and other fuels increased by 34.3 percent, that of manufacture of chemical raw material and chemical products increased by 29.4 percent, that of manufacture of non-metallic mineral products increased by 44.1 percent, that of manufacture and processing  of ferrous metals increased by 1.1 times, that of manufacture of general-purpose  machinery up by 7.3 percent, that of manufacture of special-purpose machinery up  by 19.4 percent, that of manufacture of motor vehicles increased by 4.9 percent,  that of manufacture of electrical machinery and equipment increased by 2.3  percent, that of production and supply of electric power and heat power up by  27.4 percent, that of manufacture of textile down by 1.1 percent, that of  manufacture and processing of non-ferrous metals decreased by 8.3 percent. that  of manufacture of computer, communication equipment and other electronic  equipment decreased by 2.3 percent.

In the first six months, the revenue from principal activities of industrial enterprises above the designated size reached 52.1 trillion yuan, increased by 9.9 percent year-on-year. The costs of principal activities were 44.0 trillion yuan, up by 9.5 percent. The profit rate of revenue from principal  activities was 6.51 percent, an increase of 0.41 percentage points year-on-year.  

By the end of June, the total assets of industrial enterprises above the designated size was 109.4 trillion yuan, increased by 7.4 percent year-on-year; the total liabilities reached 61.9 trillion yuan, increased by 6.6 percent; the total owners' equity was 47.5 trillion yuan, increased by 8.6 percent. The asset-liability ratio was 56.6 percent, a decrease of 0.4 percentage points year-on-year.