In the first eight months, the profits of industrial enterprises fell by 10.6% year-on-year. The power industry increased by 194%.

From January to August, the national industrial enterprises above designated size (the enterprises with a main business income of more than 5 million yuan, the same below) realized 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 a profit of 504.5 billion yuan, a year-on-year decrease of 25.2%. Collective enterprises realized profits of 36.7 billion yuan, up 0.7% year-on-year; joint-stock enterprises realized profits of 904.6 billion yuan, down 13.2%; foreign-invested enterprises from Hong Kong, Macao and Taiwan achieved profits of 477.6 billion yuan, down 6.1%. Private enterprises realized a profit of 439.9 billion yuan, a year-on-year increase of 6.6%.
Among the 39 major industrial sectors, the profit of the power industry 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 suffered a net loss from the same period last year. 942 billion yuan was converted to a profit of 71.2 billion yuan, the building materials industry increased by 16.3%, the oil and natural gas mining industry profits fell by 68.5%, the steel industry fell by 71.7%, the non-ferrous metal smelting and rolling processing industry fell by 56.8%, and the chemical industry fell by 16.8%. The electronics communication equipment manufacturing industry fell 25.3%, and the coal mining industry fell 11.8%.
Industrial enterprises above designated size should pay a value-added tax of 949.3 billion yuan, down 1.8% year-on-year. The main business tax and additional 503.6 billion yuan, an increase of 36.6%.
The income from the main business of the above-scale industries reached 323.769 billion yuan, a year-on-year increase of 1.6%.
At the end of August, the accounts receivable of industrial enterprises above designated size were 4,812.3 billion yuan, a year-on-year increase of 9.2%. The funds for finished products were 222.28 billion yuan, down 0.8% year-on-year.


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