National Bureau of Statistics: Profits of industrial enterprises above designated size nationwide grew 15.5% in January-September.

On October 27, data from the National Bureau of Statistics showed that in January-September, industrial enterprises above designated size nationwide achieved total profits of RMB6.03374 trillion, up 15.5% year on year (calculated on a comparable basis). In January-September, among industrial enterprises above designated size, state-controlled enterprises achieved total profits of RMB1.93955 trillion, up 13.1% year on year; joint-stock enterprises achieved total profits of RMB4.67276 trillion, up 20.8%; enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan achieved total profits of RMB1.33714 trillion, up 0.5%; private enterprises achieved total profits of RMB1.50913 trillion, up 8.7%. The original text is as follows: In January-September 2026, profits of industrial enterprises above designated size nationwide grew 15.5% In January-September, industrial enterprises above designated size nationwide achieved total profits of RMB6.03374 trillion, up 15.5% year on year (calculated on a comparable basis; see Note 2 for details). In January-September, among industrial enterprises above designated size, state-controlled enterprises achieved total profits of RMB1.93955 trillion, up 13.1% year on year; joint-stock enterprises achieved total profits of RMB4.67276 trillion, up 20.8%; enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan achieved total profits of RMB1.33714 trillion, up 0.5%; private enterprises achieved total profits of RMB1.50913 trillion, up 8.7%. In January-September, the mining industry achieved total profits of RMB881.37 billion, up 38.2% year on year; the manufacturing industry achieved total profits of RMB4.5738 trillion, up 17.0%; the production and supply of electricity, heat, gas and water achieved total profits of RMB578.56 billion, down 14.3%. In January-September, profits of major industries were as follows: profits in the manufacture of computers, communication equipment and other electronic equipment grew 103.8% year on year; the smelting and rolling processing of non-ferrous metals grew 79.7%; coal mining and washing grew 57.0%; the manufacture of raw chemical materials and chemical products grew 49.2%; the extraction of petroleum and natural gas grew 21.3%; the textile industry grew 7.2%; the manufacture of general-purpose machinery grew 1.9%; the manufacture of special-purpose machinery fell 1.3%; the manufacture of electrical machinery and apparatus fell 5.9%; the processing of agricultural and sideline food fell 17.3%; the production and supply of electricity and heat fell 17.9%; the manufacture of automobiles fell 22.8%; the manufacture of non-metallic mineral products fell 46.9%; the smelting and rolling processing of ferrous metals fell 73.3%; and the processing of petroleum, coal and other fuels turned from loss to profit. In January-September, industrial enterprises above designated size achieved operating revenue of RMB106.21 trillion, up 6.6% year on year; operating costs were RMB90.30 trillion, up 6.1%; the operating revenue profit margin was 5.68%, up 0.44 percentage points year on year. At the end of September, total assets of industrial enterprises above designated size were RMB199.10 trillion, up 6.7% year on year; total liabilities were RMB116.61 trillion, up 7.4%; total owners' equity was RMB82.49 trillion, up 5.6%; the debt-to-asset ratio was 58.6%, up 0.4 percentage points year on year. At the end of September, accounts receivable of industrial enterprises above designated size were RMB29.77 trillion, up 10.0% year on year; finished goods inventory was RMB7.37 trillion, up 11.6%. In January-September, the cost per RMB100 of operating revenue of industrial enterprises above designated size was RMB85.02, down RMB0.45 year on year; the expense per RMB100 of operating revenue was RMB8.35, down RMB0.13 year on year. At the end of September, operating revenue per RMB100 of assets of industrial enterprises above designated size was RMB73.1, up RMB0.4 year on year; operating revenue per employee was RMB1.946 million, up RMB127,000 year on year; the turnover days of finished goods inventory were 21.0 days, up 0.6 days year on year; the average collection period of accounts receivable was 71.6 days, up 1.3 days year on year. In September, profits of industrial enterprises above designated size grew 14.4% year on year. This article is excerpted from the official website of the National Bureau of Statistics; edited by Feng Qiuyi of GMTEight.