Total profit from printing fell by 4.9 percent year-on-year in January-October 2024
On 27 November, the website of the National Bureau of Statistics (NBS) released the profits of industrial enterprises above national scale in January-October 2024.The data show that from January to October, the country's industrial enterprises above designated size achieved a total profit of 5868.04 billion yuan, a year-on-year decline of 4.3%.
From January to October, industrial enterprises above designated size achieved operating income of 110.96 trillion yuan, an increase of 1.9 per cent year-on-year; incurred operating costs of 94.75 trillion yuan, an increase of 2.3 per cent; operating income profit margin of 5.29 per cent, a year-on-year decline of 0.34 percentage points.
At the end of October, the assets of industrial enterprises above designated size totalled RMB 176.74 trillion, up 4.6 per cent year-on-year; liabilities totalled RMB 102.01 trillion, up 4.5 per cent; owners' equity totalled RMB 74.73 trillion, up 4.9 per cent; and the asset-liability ratio stood at 57.7 per cent, a year-on-year decrease of 0.1 percentage points.
It is worth noting that from January to October the paper and paper products industry achieved operating income of 1188.22 billion yuan, up 4.1 per cent year-on-year; total profits of 35.70 billion yuan, up 27.1 per cent year-on-year.
January-October printing and recording media reproduction industry achieved operating income of 540.07 billion yuan, an increase of 2.5%; total profit of 25.66 billion yuan, a year-on-year decline of 4.9%.
From January to October, the cost per 100 yuan of operating income of industrial enterprises above designated size was 85.39 yuan, an increase of 0.32 yuan year-on-year; the cost per 100 yuan of operating income was 8.42 yuan, an increase of 0.06 yuan year-on-year.
At the end of October, the operating income per 100 yuan of assets realised by industrial enterprises above designated size was 77.3 yuan, a year-on-year decrease of 2.7 yuan; the per capita operating income was 1.824 million yuan, a year-on-year increase of 66,000 yuan; the number of days of turnover of finished goods inventory was 20.0 days, a year-on-year increase of 0.2 days; and the average recovery period for accounts receivable was 66.7 days, a year-on-year increase of 3.9 days.
In October, profits of industrial enterprises above designated size fell by 10.0 per cent year-on-year.
