Among industrial enterprises above designated size, state-owned and state-controlled enterprises achieved a profit of 246.7 billion yuan, a year-on-year decrease of 41.5%. Collective enterprises realized profits of 20 billion yuan, down 0.7% year-on-year; joint-stock enterprises realized profits of 454.3 billion yuan, down 24.1%; foreign-invested enterprises from Hong Kong, Macao and Taiwan achieved profits of 243 billion yuan, down 22.4%. Private enterprises realized a profit of 230.3 billion yuan, a year-on-year increase of 2.4%.
Among the 39 major industrial sectors, the petroleum processing and coking industry turned from a net loss of 44.9 billion yuan to a profit of 44.8 billion yuan in the same period last year. The profit of the coal mining industry increased by 4.2% year-on-year, the building materials industry grew by 8.6%, and the power industry grew by 14.6%. The profit of oil and natural gas mining industry decreased by 75.8% year-on-year, steel industry decreased by 97.2%, non-ferrous metal smelting and rolling processing industry decreased by 77.9%, chemical fiber industry profit decreased by 34.7%, chemical industry decreased by 25.4%, and electronic communication equipment manufacturing decreased by 46.0%. Special equipment manufacturing fell by 0.9%, and transportation equipment manufacturing fell by 7.3%.
Industrial enterprises above designated size should pay a value-added tax of 555.3 billion yuan, a year-on-year decrease of 3.9%, and the main business tax and additional 303 billion yuan, an increase of 35.6%.
The income from the main business of the above-scale industries reached 1,837.79 billion yuan, a year-on-year decrease of 0.8%.
At the end of May, the accounts receivable of industrial enterprises above designated size were 4.4497 trillion yuan, a year-on-year increase of 8.0%. The funds for finished products reached 2121.1 billion yuan, a year-on-year increase of 4.2%.
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