From January to November 2024, the paper and paper products industry achieved a total profit of 41.27 billion yuan, a year-on-year increase of 12.6%

On December 27th, the National Bureau of Statistics released the profit situation of industrial enterprises above designated size in China from January to November 2024. From January to November, industrial enterprises above designated size in China achieved a total profit of 6667.48 billion yuan, a year-on-year decrease of 4.7% (calculated on a comparable basis).

From January to November, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 2038.77 billion yuan, a year-on-year decrease of 8.4%; Joint stock enterprises achieved a total profit of 5014.3 billion yuan, a decrease of 5.7%; Foreign and Hong Kong, Macao, and Taiwan invested enterprises achieved a total profit of 1.60629 trillion yuan, a decrease of 0.8%; Private enterprises achieved a total profit of 1.96491 trillion yuan, a decrease of 1.0%.

　　1—11月份，采矿业实现利润总额10796.2亿元，同比下降13.2%;制造业实现利润总额48524.9亿元，下降4.6%;电力、热力、燃气及水生产和供应业实现利润总额7353.7亿元，增长10.9%。

From January to November, the profit situation of major industries is as follows: the profit of non-ferrous metal smelting and rolling processing industry increased by 20.2% year-on-year, the power and heat production and supply industry increased by 13.5%, the textile industry increased by 4.6%, the computer, communication and other electronic equipment manufacturing industry increased by 2.9%, the agricultural and sideline food processing industry increased by 0.5%, the general equipment manufacturing industry decreased by 0.1%, the special equipment manufacturing industry decreased by 0.9%, the electrical machinery and equipment manufacturing industry decreased by 3.1%, the oil and gas extraction industry decreased by 4.4%, the automobile manufacturing industry decreased by 7.3%, the chemical raw materials and chemical products manufacturing industry decreased by 9.3%, the coal mining and washing industry decreased by 22.4%, the non-metallic mineral products industry decreased by 48.2%, the black metal smelting and rolling processing industry decreased by 83.7%, and the petroleum coal and other fuel processing industry turned from profit to loss year-on-year.

It is worth noting that the paper and paper products industry achieved a total profit of 41.27 billion yuan, a year-on-year increase of 12.6%; The printing and recording media reproduction industry achieved a total profit of 29.66 billion yuan, a year-on-year decrease of 5.4%.

From January to November, industrial enterprises above designated size achieved a revenue of 123.48 trillion yuan, a year-on-year increase of 1.8%; Operating costs amounted to 105.38 trillion yuan, an increase of 2.3%; The operating revenue profit margin was 5.40%, a year-on-year decrease of 0.37 percentage points. Among them, the paper and paper products industry achieved a revenue of 1315.46 billion yuan, a year-on-year increase of 3.9%; The printing and recording media reproduction industry achieved a revenue of 600.6 billion yuan, a year-on-year increase of 1.9%.

At the end of November, the total assets of industrial enterprises above designated size amounted to 178.87 trillion yuan, a year-on-year increase of 4.7%; The total liabilities amounted to 103.51 trillion yuan, an increase of 4.9%; The total owner's equity was 75.36 trillion yuan, an increase of 4.6%; The asset liability ratio was 57.9%, an increase of 0.1 percentage points year-on-year.

At the end of November, the accounts receivable of industrial enterprises above designated size reached 26.92 trillion yuan, a year-on-year increase of 8.5%; Finished goods inventory reached 6.57 trillion yuan, an increase of 3.3%.

From January to November, the cost per 100 yuan of operating income for industrial enterprises above designated size was 85.34 yuan, an increase of 0.37 yuan year-on-year; The cost per 100 yuan of operating revenue is 8.40 yuan, an increase of 0.02 yuan year-on-year.

At the end of November, the operating income per 100 yuan of assets realized by industrial enterprises above designated size was 77.7 yuan, a year-on-year decrease of 2.9 yuan; The per capita operating income was 1.834 million yuan, an increase of 64000 yuan year-on-year; The turnover days of finished goods inventory were 19.8 days, an increase of 0.1 days year-on-year; The average collection period for accounts receivable is 66.7 days, an increase of 4.2 days year-on-year.

In November, the profits of industrial enterprises above designated size decreased by 7.3% year-on-year.

Yu Weining, a statistician from the Industrial Department of the National Bureau of Statistics, interpreted the profit data of industrial enterprises and stated that in November, with the effective implementation of stock policies and the accelerated launch of a package of incremental policies, the policy combination effect continued to play a role, driving the stable growth of industrial production above designated size, and the profitability of enterprises continued to recover. The operating income of industrial enterprises in the current month has shifted from a decrease to an increase, and the decline in profits continues to narrow. The high-end, intelligent, and green development of the manufacturing industry has been deeply promoted. The performance of the enterprise presents the following characteristics: the monthly operating income of industrial enterprises has shifted from a decrease to an increase; The decline in monthly profits of industrial enterprises continues to narrow; Deepening the high-end, intelligent, and green development of the manufacturing industry; The continuous implementation of the "two new" policies has shown significant effects; The profit of the consumer goods manufacturing industry has grown rapidly. Overall, although the profits of industrial enterprises above designated size are still in a declining range, with the continuous manifestation of policy combination effects, the decline in profits of industrial enterprises continues to narrow, and the efficiency situation has improved to some extent.