From January to October, the paper and paper products industry achieved a total profit of 28.44 billion yuan, a year-on-year decrease of 13.6%

On November 27th, the website of the National Bureau of Statistics released the profit situation of industrial enterprises above designated size nationwide from January to October 2023. From January to October, industrial enterprises above designated size in China achieved a total profit of 6115.42 billion yuan, a year-on-year decrease of 7.8%, which is 1.2 percentage points narrower than from January to September.

From January to October, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 2031.06 billion yuan, a year-on-year decrease of 9.9%; Joint stock enterprises achieved a total profit of 4490.83 billion yuan, a decrease of 7.0%; Foreign and Hong Kong, Macao, and Taiwan invested enterprises achieved a total profit of 1443.13 billion yuan, a decrease of 10.2%; Private enterprises achieved a total profit of 1685.14 billion yuan, a decrease of 1.9%.
From January to October, the mining industry achieved a total profit of 1114.25 billion yuan, a year-on-year decrease of 19.7%; The manufacturing industry achieved a total profit of 4414.71 billion yuan, a decrease of 8.5%; The production and supply industries of electricity, heat, gas, and water achieved a total profit of 586.46 billion yuan, an increase of 40.0%.

From January to October, the profit situation of the main industries is as follows: the total profit of the electricity, heat production and supply industry increased by 50.1% year-on-year, the black metal smelting and rolling processing industry increased by 37.0%, the electrical machinery and equipment manufacturing industry increased by 20.8%, the general equipment manufacturing industry increased by 10.4%, the specialized equipment manufacturing industry increased by 2.0%, the automobile manufacturing industry increased by 0.5%, the non-ferrous metal smelting and rolling processing industry decreased by 3.7%, and the textile industry decreased by 6.1%, The oil and gas extraction industry decreased by 8.9%, the agricultural and sideline food processing industry decreased by 16.5%, the computer, communication and other electronic equipment manufacturing industry decreased by 18.2%, the non-metallic mineral products industry decreased by 26.5%, the coal mining and washing industry decreased by 26.6%, the oil, coal and other fuel processing industry decreased by 27.0%, and the chemical raw material and chemical product manufacturing industry decreased by 42.8%.

It is worth noting that the paper and paper products industry achieved a total profit of 28.44 billion yuan, a year-on-year decrease of 13.6%; The printing and recording media replication industry achieved a total profit of 27.09 billion yuan, a year-on-year decrease of 1.9%.

From January to October, industrial enterprises above designated size achieved a revenue of 107.78 trillion yuan, a year-on-year increase of 0.3%; Operating costs amounted to 91.63 trillion yuan, an increase of 0.6%; The operating profit margin was 5.67%, a year-on-year decrease of 0.50 percentage points.

Among them, the paper and paper products industry achieved a revenue of 1131.81 billion yuan, a year-on-year decrease of 3.1%; The printing and recording media replication industry achieved a revenue of 527.57 billion yuan, a year-on-year decrease of 5.7%.

At the end of October, the total assets of industrial enterprises above designated size reached 165.84 trillion yuan, a year-on-year increase of 6.3%; The total liabilities amounted to 95.52 trillion yuan, an increase of 6.6%; The total owner's equity was 70.32 trillion yuan, an increase of 5.8%; The asset liability ratio was 57.6%, an increase of 0.2 percentage points year-on-year.

At the end of October, accounts receivable of industrial enterprises above designated size reached 24.21 trillion yuan, a year-on-year increase of 8.4%; Finished product inventory reached 6.21 trillion yuan, an increase of 2.0%.

From January to October, the cost per 100 yuan of operating revenue for industrial enterprises above designated size was 85.02 yuan, an increase of 0.24 yuan year-on-year; The expense per 100 yuan of operating income is 8.33 yuan, an increase of 0.29 yuan year-on-year.

At the end of October, industrial enterprises above designated size achieved operating income of 80.2 yuan per 100 yuan of assets, a year-on-year decrease of 5.6 yuan; The per capita operating income was 1.782 million yuan, an increase of 61000 yuan year-on-year; The turnover days of finished product inventory were 20.0 days, an increase of 1.1 days year-on-year; The average collection period of accounts receivable is 63.2 days, an increase of 5.3 days year-on-year.

In October, industrial enterprises above designated size achieved a year-on-year profit growth of 2.7%.

According to Yu Weining, a statistician from the Industrial Department of the National Bureau of Statistics, the macroeconomic policy effect continued to show in October, with stable growth in industrial production, accelerated recovery of industrial enterprise revenue, and continued recovery of profits. The main characteristics of enterprise performance are as follows: industrial enterprise profits have maintained positive growth for three consecutive months. The cumulative revenue of industrial enterprises has turned into growth. The profits of all three major categories have rebounded, with over 70% of industry profits improving. The profits of the raw materials and consumer goods industries continue to improve. The profit of the equipment manufacturing industry continues to grow. The profit of the electrical and water industry continues to maintain rapid growth. The profits of different types of enterprises have improved. The unit cost of enterprises continues to decline, and the profit margin of operating income is steadily increasing. Overall, industrial enterprise profits continued to recover and improve from January to October.