Industrial profits increased in the first seven months of 2017

In the first seven months of 2017， the profits made by industrial enterprises above the designated size achieved 4，248.12 billion yuan， a year-on-year increase of 21.2 percent， and the growth rate decreased by 0.8 percentage points from the first six months.

In the first seven months， the profits of state-holding industrial enterprises above the designated size gained 927.39 billion yuan， up by 44.2 percent year-on-year； that of collective-owned enterprises reached 25.94 billion yuan， an increase of 3.7 percent； that of joint-stock enterprises stood at 2，990.73 billion yuan， up by 22.9 percent； that of foreign funded enterprises， and enterprises funded from Hong Kong， Macao and Taiwan achieved 1，019.77 billion yuan， increased by 17.7 percent； and that of private enterprises gained 1，416.16 billion yuan， an increase of 14.2 percent.

In the first seven months， the profits of mining and quarrying reached 279.55 billion yuan， up by 7.9 times year-on-year； that of manufacturing was 3，741.31 billion yuan， an increase of 18.1 percent； that of production and distribution of electricity， heat， gas and water reached 227.26 billion yuan， down by 25.3 percent.

In the first seven months， within 41 branches of industrial divisions， the industrial profits of 37 industrial divisions increased year-on-year， and that of 4 decreased. In view of the profit growth of major industries， the profits of mining and washing of coal increased by 13.7 times yearon-year， that of processing of food from agricultural products increased by 5.7 percent year-on-year， that of manufacture of textile up by 5.4 percent， that of processing of petroleum， coking， processing of nucleus fuel increased by 25.1 percent， that of manufacture of chemical raw material and chemical products increased by 32.2 percent， that of manufacture of non-metallic mineral products increased by 25.1 percent， that of manufacture and processing of ferrous metals doubled， that of manufacture and processing of non-ferrous metals increased by 45.6 percent， that of manufacture of general-purpose machinery up by 18.1 percent， that of manufacture of special-purpose machinery up by 22.6 percent， that of manufacture of motor vehicles increased by 11.9 percent， that of manufacture of electrical machinery and equipment increased by 8.7 percent， that of manufacture of computer， communication equipment and other electronic equipment increased by 15.3 percent， extraction of petroleum and natural gas turned losses in the same period into profits， and the profits of production and supply of electric power and heat power down by 31.7 percent.endprint

In the first seven months， the revenue from principal activities of industrial enterprises above the designated size reached 69.8 trillion yuan， increased by 13.1 percent year-on-year. The costs of principal activities were 59.8 trillion yuan， up by 13.1 percent. The profit rate of revenue from principal activities was 6.09 percent， an increase of 0.41 percentage points year-on-year.

By the end of July， the total assets of industrial enterprises above the designated size was 108.1 trillion yuan， increased by 7.8 percent year-on-year； the total liabilities reached 60.3 trillion yuan， increased by 6.6 percent； the total owners equity was 47.8 trillion yuan， increased by 9.4 percent. The asset-liability ratio was 55.8 percent， a decrease of 0.7 percentage points yearon-year.

By the end of July， the total volume of receivable accounts for industrial enterprises above designated hit 12.9 trillion yuan， went up by 9.4 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4，073.22 billion yuan， increased by 8.0 percent.

In the first seven months， the costs for per-hundredyuan turnover of principal activities stood at 85.72 yuan， a decrease of 0.04 yuan year-on-year； the expenses for per-hundred-yuan turnover of principal activities stood at 7.28 yuan， a decrease of 0.32 yuan； the revenue from principal activities brought by per hundred yuan assets was 113.5 yuan， an increase of 5.3 yuan； the revenue from principal activities per capita was 1332 thousand yuan， an increase of 161 thousand yuan； the turnover days of finished goods were 13.7 days， a decrease of 0.8 days； the days sales outstanding hit an average of 37.1 days， a decrease of 1.0 day.

In July， the profits made by industrial enterprises above the designated size achieved 612.67 billion yuan， a year-on-year increase of 16.5 percent， and the growth rate decreased by 2.6 percentage points from June.endprint