On June 27th, according to data released by the National Bureau of Statistics, from January to May, industrial enterprises above designated size in China achieved a total profit of 3143.96 billion yuan, a year-on-year increase of 18.8%.

From January to May, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 1.04866 trillion yuan, a year-on-year increase of 19.6%; Joint stock enterprises achieved a total profit of 2434.81 billion yuan, an increase of 24.1%; Foreign and Hong Kong, Macao, and Taiwan invested enterprises achieved a total profit of 695.72 billion yuan, an increase of 4.2%; Private enterprises achieved a total profit of 772.65 billion yuan, an increase of 10.7%.

From January to May, the mining industry achieved a total profit of 479.52 billion yuan, a year-on-year increase of 33.5%; The manufacturing industry achieved a total profit of 2328.52 billion yuan, an increase of 20.0%; The total profit of the electricity, heat, gas, and water production and supply industries reached 335.92 billion yuan, a decrease of 2.7%.

From January to May, the profit situation of major industries is as follows: the profit of non-ferrous metal smelting and rolling processing industry increased by 117.1% year-on-year,The manufacturing industry of computers, communications, and other electronic devices grew by 103.9%The manufacturing industry of chemical raw materials and chemical products increased by 71.6%, the coal mining and washing industry increased by 33.5%, the oil and gas mining industry increased by 17.2%, the textile industry increased by 11.7%, the general equipment manufacturing industry decreased by 0.2%, the electricity and heat production and supply industry decreased by 4.1%, the specialized equipment manufacturing industry decreased by 5.5%, the agricultural and sideline food processing industry decreased by 13.3%, the electrical machinery and equipment manufacturing industry decreased by 13.7%, the automobile manufacturing industry decreased by 19.8%, the black metal smelting and rolling processing industry decreased by 37.4%, the non-metallic mineral products industry decreased by 48.9%, and the petroleum, coal and other fuel processing industry turned from losses to profits.

From January to May, industrial enterprises above designated size achieved a revenue of 56.55 trillion yuan, a year-on-year increase of 5.5%; Operating costs amounted to 48.04 trillion yuan, an increase of 4.7%; The operating revenue profit margin was 5.56%, an increase of 0.63 percentage points year-on-year.

At the end of May, the total assets of industrial enterprises above designated size amounted to 193.55 trillion yuan, a year-on-year increase of 5.8%; The total liabilities amounted to 112.69 trillion yuan, an increase of 6.5%; The total owner's equity was 80.87 trillion yuan, an increase of 5.0%; The asset liability ratio was 58.2%, an increase of 0.3 percentage points year-on-year.

At the end of May, the accounts receivable of industrial enterprises above designated size reached 28.17 trillion yuan, a year-on-year increase of 7.7%; Finished goods inventory reached 7.14 trillion yuan, an increase of 8.8%.

From January to May, the cost per 100 yuan of operating income for industrial enterprises above designated size was 84.95 yuan, a year-on-year decrease of 0.59 yuan; The expenses per 100 yuan of operating revenue were 8.39 yuan, unchanged year-on-year.

At the end of May, the operating income realized by industrial enterprises above designated size per 100 yuan of assets was 71.1 yuan, a year-on-year decrease of 0.1 yuan; The per capita operating income was 1.88 million yuan, an increase of 113000 yuan year-on-year; The turnover days of finished goods inventory were 21.6 days, an increase of 0.6 days year-on-year; The average collection period for accounts receivable is 72.6 days, an increase of 1.3 days year-on-year.

In May, the profits of industrial enterprises above designated size increased by 21.1% year-on-year.

Yu Weining, Chief Statistician of the Industrial Department of the National Bureau of Statistics, explained that from January to May, various regions and departments conscientiously implemented the decisions and arrangements of the Party Central Committee and the State Council, adhered to the general tone of seeking progress while maintaining stability, implemented more proactive macro policies, and maintained rapid growth in profits of industrial enterprises above designated size, while the efficiency of industrial enterprises continued to recover.

Industrial enterprises maintain rapid growth in profitsFrom January to May, the rapid growth of industrial production coupled with the expansion of industrial product price increases promoted a year-on-year increase of 5.5% in the operating income of industrial enterprises above designated size nationwide, accelerating by 0.3 percentage points compared to January to April. The revenue of industrial enterprises above designated size has steadily increased, driving a year-on-year increase of 18.8% in profits for industrial enterprises above designated size nationwide, which is 0.6 percentage points faster than from January to April. The profits of industrial enterprises above designated size have maintained a rapid growth trend since the beginning of this year. From the perspective of the three major categories, the mining industry grew by 33.5%, accelerating by 7.5 percentage points from January to April; The manufacturing industry grew by 20.0%, while the production and supply of electricity, heat, gas, and water decreased by 2.7%. In May, the profits of industrial enterprises above designated size in China increased by 21.1% year-on-year.

The supporting role of the electronics industry is significantFrom January to May, the profit of equipment manufacturing industry above designated size increased by 14.1% year-on-year, driving the profit growth of all industrial enterprises above designated size by 5.2 percentage points. From an industry perspective, the global transformation of artificial intelligence technology has led to an explosion in demand for high-end computing chips and storage chips, driving rapid profit growth in the electronics industry. From January to May, the electronics industry's profits increased by 103.9%, contributing 43.1% to the profit growth of all industrial enterprises above designated size, which is an important support for the rapid profit growth of industrial enterprises above designated size.

Rapid profit growth in raw material manufacturing industryFrom January to May, the profit of raw material manufacturing industry above designated size increased by 83.1% year-on-year, driving the profit growth of all industrial enterprises above designated size by 10.2 percentage points. From an industry perspective, driven by the increasing demand for emerging industries such as new energy and artificial intelligence, the prices of copper, aluminum and other products have remained at a high level, driving a profit growth of 117.1% in the non-ferrous industry and a profit growth of 5.3 percentage points for all industrial enterprises above designated size; Driven by the rise in prices of products related to the petroleum industry chain, the petroleum processing industry turned losses into profits year-on-year, while the chemical industry saw a 71.6% increase in profits.

High tech manufacturing industry maintains double-digit profit growthFrom January to May, the profit of high-tech manufacturing enterprises above designated size increased by 44.7% year-on-year, driving the profit growth of all industrial enterprises above designated size by 8.0 percentage points, and the leading role continued to be highlighted. From an industry perspective, the semiconductor industry chain is developing well. In terms of electronic device manufacturing, the profits of optoelectronic device manufacturing and semiconductor discrete device manufacturing industries have increased by 53.8% and 40.6% respectively; In the manufacturing of electronic components and electronic specialized materials, the profits of the electronic specialized material manufacturing and electronic circuit manufacturing industries increased by 665.4% and 19.7% respectively. The profit growth in the medical equipment and related industries is relatively fast, with profits in the manufacturing of dental equipment and appliances, as well as the manufacturing of hygiene materials and medical supplies, increasing by 26.4% and 23.2% respectively.

The unit cost of industrial enterprises has decreased, and their profitability continues to improveFrom January to May, the cost per 100 yuan of operating income for industrial enterprises above designated size was 84.95 yuan, a year-on-year decrease of 0.59 yuan. The cumulative unit cost of industrial enterprises has decreased for five consecutive months this year. From January to May, the operating revenue profit margin of industrial enterprises above designated size was 5.56%, an increase of 0.63 percentage points year-on-year, and the revenue profit margin reached the highest cumulative level since 2024.

Overall, the profits of industrial enterprises above designated size continued to maintain a rapid growth trend from January to May. However, it should also be noted that the contradiction between strong domestic supply and weak demand is still prominent, and some industries and enterprises still face difficulties in production and operation. In the next stage, we must fully implement the decisions and deployments of the Party Central Committee and the State Council, make full use of various macro policies, strengthen countercyclical and cross cyclical adjustments, continuously expand domestic demand, optimize supply, accelerate the cultivation and growth of new driving forces, and solidly promote high-quality development of the industrial economy. (Zhongxin Jingwei APP)