In the first four months of this year, industrial enterprises above the designated size reported a total profit of 1.61069 trillion yuan, reflecting a 11.4% increase compared to the same period last year. However, the growth rate slowed down by 0.7 percentage points from January to March. In April alone, profits reached 436.68 billion yuan, up 9.3% year-on-year.
Among these enterprises, state-owned and state-controlled companies earned 456.46 billion yuan in profit, rising by 2.7% from the previous year. Collective enterprises saw an 8.2% increase, reaching 24.05 billion yuan. Joint-stock enterprises recorded a profit of 934.31 billion yuan, growing by 10.5%. Foreign-invested enterprises from Hong Kong, Macao, and Taiwan achieved 376.21 billion yuan in profit, up 9.7%, while private enterprises had a significant gain of 17.9%, with profits totaling 517.19 billion yuan.
Looking at the broader industrial landscape, out of the 41 major sectors, 30 experienced profit growth compared to the same period last year, while 8 saw a decline. Notably, three industries shifted from losses to profits. Key sectors showed strong performance: agricultural and sideline food processing rose by 9.9%, chemical raw materials and products manufacturing increased by 9.2%, ferrous metal smelting and rolling jumped by 38.6%, general equipment manufacturing grew by 10.9%, and electrical machinery and equipment manufacturing climbed 11.9%. The computer, communications, and other electronic equipment sector surged by 44.8%, while power and heat production and supply saw a massive 92.6% increase. On the flip side, oil and gas mining declined by 7.9%, and some processing industries turned from loss to profit.
Total revenue for these enterprises reached 30.41776 trillion yuan, up 11.9% year-on-year. The cost per 100 yuan of main business income was 85.24 yuan, with a main business income profit margin of 5.3%.
State-owned and state-controlled enterprises generated 799.79 billion yuan in revenue, up 4.8% from the previous year. Their cost per 100 yuan of revenue was 82.22 yuan, with a profit margin of 5.76%. Collective enterprises brought in 373.57 billion yuan, up 8.9%, with a cost of 85.15 yuan per 100 yuan of revenue and a profit margin of 6.44%. Joint-stock enterprises saw a large revenue increase of 13.9%, reaching 17,781.96 billion yuan, with a cost of 85.04 yuan per 100 yuan and a profit margin of 5.25%. Foreign-invested enterprises generated 7,737.63 billion yuan in revenue, up 8%, with a cost of 86.39 yuan per 100 yuan and a profit margin of 5.1%. Private enterprises reported 969 billion yuan in revenue, up 18.3%, with a cost of 86.32 yuan per 100 yuan and a profit margin of 5.34%.
By the end of April, accounts receivable for these enterprises totaled 8.47874 trillion yuan, up 13.3% year-on-year. Finished goods inventory stood at 3.11596 trillion yuan, an 8% increase from the same period last year.
These figures highlight both the resilience and the challenges faced by China's industrial sector as it continues to navigate a dynamic economic environment.
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