Profit of major industrial enterprises in the country fell by 10.6% year-on-year in August

From January to August, the national industrial enterprises above designated size (enterprises with a business income of over 5 million yuan, the same below) achieved a profit of 1,674.7 billion yuan, a year-on-year decrease of 10.6%.
Among industrial enterprises above designated size, state-owned and state-controlled enterprises achieved profits of 50.45 billion yuan, a year-on-year decrease of 25.2%. The collective enterprises realized a profit of 36.7 billion yuan, a year-on-year increase of 0.7%; the joint-stock enterprises realized a profit of 904.6 billion yuan, a decrease of 13.2%; the foreign-invested enterprises of Hong Kong, Malay, and Taiwanese companies realized a profit of 477.6 billion yuan, a decrease of 6.1%. Profits of private enterprises reached 439.9 billion yuan, a year-on-year increase of 6.6%.
Among the 39 major industries, the power industry profit increased by 194% year-on-year, the transportation equipment manufacturing industry increased by 14.5%, the special equipment manufacturing industry increased by 7.3%, the chemical fiber industry increased by 42.4%, and the petroleum processing and coking industry net loss from the same period last year From RMB 94.2 billion to profit of RMB 71.2 billion, the building materials industry increased by 16.3%, the profits of the oil and gas exploration industry decreased by 68.5%, the steel industry decreased by 71.7%, the non-ferrous metal smelting and rolling processing industry decreased by 56.8%, and the chemical industry decreased by 16.8%. The manufacturing of electronic communication equipment dropped by 25.3%, while that of coal mining dropped by 11.8%.
The value-added tax of industrial enterprises above designated size was 949.3 billion yuan, a year-on-year decrease of 1.8%, and the main business tax and surcharges were 503.6 billion yuan, an increase of 36.6% year-on-year.
The industry above designated size realized main business income of 323.769 billion yuan, a year-on-year increase of 1.6%.
At the end of August, accounts receivable for industries above designated size were 481.2 billion yuan, an increase of 9.2% year-on-year. The finished product funds were 2222.8 billion yuan, a year-on-year decrease of 0.8%.

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