Industrial profits increased in the first four months of 2018

In the first four months, the revenue from principal activities of industrial enterprises above the designated size reached 34.1 trillion yuan, increased by 10.5 percent year-on-year. The costs of principal activities were 28.8 trillion yuan, up by 10.2 percent. The profit rate of revenue from principal activities was 6.24 percent, an increase of 0.24 percentage points year-on-year.

By the end of April, the total assets of industrial enterprises above  the designated size was 107.9 trillion yuan, increased by 7.3 percent year-on-year; the total liabilities reached 61.0 trillion yuan, increased by 6.1  percent; the total owners' equity was 46.9 trillion yuan, increased by 8.8 percent. The asset-liability ratio was 56.5 percent, a decrease of 0.7  percentage points year-on-year.

By the end of April, the total volume of receivable accounts for industrial enterprises above designated hit 13.3 trillion yuan, went up by 10.8  percent year-on-year. The total value of finished products for industrial  enterprises accounted for 4,018.89 billion yuan, increased by 5.5  percent.

In the first four months, the costs for per-hundred-yuan turnover of principal activities stood at 84.52 yuan, a decrease of 0.21 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 8.13 yuan, a decrease of 0.04 yuan; the revenue from principal activities brought by per hundred yuan assets was 95.7 yuan, an increase of 2.7 yuan; the revenue from  principal activities per capita was 1,251thousand yuan, an increase of 140  thousand yuan; the turnover days of finished goods were 16.4 days, a decrease of 0.5 days; the days sales outstanding hit an average of 45.5 days, a decrease of 0.1 day.

In April, the profits made by industrial enterprises above the  designated size achieved 576.03 billion yuan, a year-on-year increase of 21.9  percent, and the growth rate increased by 18.8 percentage points from March.