News

From January to August, the profit of steel and other industries increased year-on-year.

2018/09/29 11:35
I. Main economic benefit indicators of state-owned enterprises
 
(I. Total operating income. From January to August, the total operating income of state-owned enterprises was 37,003.47 billion yuan, a year-on-year increase of 10.3%. (1) The central enterprises were 21,619.75 billion yuan, an increase of 10.6%. (2) Local state-owned enterprises were 15383.72 billion yuan, an increase of 9.9%.
 
(2) Total operating costs. From January to August, the total operating cost of state-owned enterprises was 35,573.95 billion yuan, an increase of 9.7%, of which sales expenses, management expenses and financial expenses increased by 7.1%, 9.6% and 14% respectively. (1) Central enterprises reached 20,510.98 billion yuan, an increase of 9.9%, of which sales expenses, management expenses and financial expenses increased by 6.5%, 9.2% and 9.3% respectively. (2) Local state-owned enterprises were 150.62 billion yuan, an increase of 9.3%, of which sales expenses, management expenses and financial expenses increased by 7.9%, 10% and 18.2% respectively.
 
(3) Realizing profits. From January to August, the total profit of state-owned enterprises was 2,303.19 billion yuan, an increase of 20.7%. (1) The central enterprises were 150.51 billion yuan, an increase of 21.2%. (2) Local state-owned enterprises were 802.68 billion yuan, an increase of 19.7%.
 
(4) Taxes shall be paid. From January to August, state-owned enterprises should pay taxes of 300.92 billion yuan, an increase of 8.6%. (1) Central enterprises amounted to 2,147.46 billion yuan, an increase of 6.6%. (2) Local state-owned enterprises were 859.46 billion yuan, an increase of 13.9%.
 
(5) Assets, liabilities and owner's equity. At the end of August, the total assets of state-owned enterprises were 173,880.46 billion yuan, an increase of 8.4%; the total liabilities were 1,128,390.91 billion yuan, an increase of 7.6%; the total owner's equity was 6,014.55 billion yuan, an increase of 10.0%. (1) The total assets of central enterprises was 790.71 billion yuan, an increase of 7.4. %; total liabilities were 5.35935.1 billion yuan, up 6.8%; owner's equity totaled 2.5478.09 billion yuan, up 8.8%. (2) The total assets of local state-owned enterprises were 94,808.86 billion yuan, an increase of 9.3%; the total liabilities were 592.37 billion yuan, an increase of 8.4%; the total owner's equity was 35,571.46 billion yuan, an increase of 10.9%.
 
(6) Return on net assets. From January to August, the return on equity of state-owned enterprises was 2.8%, an increase of 0.2 percentage points. (1) Central enterprises accounted for 4.4%, an increase of 0.4 percentage points. (2) Local state-owned enterprises increased by 1.7%.
 
(7) Asset-liability ratio. At the end of August, the asset-liability ratio of state-owned enterprises was 64.9%, a decrease of 0.5 percentage points. (1) Central enterprises 67.8%, a decrease of 0.4 percentage points. (2) 62.5% of local state-owned enterprises, a decrease of 0.5 percentage points.
 
Second, the main industry profitability
 
From January to August, the profits of steel, petroleum and petrochemical, nonferrous metals and coal industries increased at a higher rate year-on-year, which was higher than the growth rate of revenue.