The national bureau of statistics interprets the profit data of industrial enterprises from January to October 2018

According to the financial data of industrial enterprises released by the national bureau of statistics on November 27, from January to October 2018, the total profits of industrial enterprises above the national scale increased by 13.6%, 1.1 percentage points slower than that of January to September, and the overall growth rate remained relatively fast.Profits rose 3.6% in October, down half a percentage point from September.

First. New profits mainly come from steel, petroleum, building materials and chemical industries

From January to October, profits in the iron and steel industry rose 63.7 percent, oil exploration industry increased 3.7 times, oil processing industry increased 25.2 percent, building materials industry increased 45.9 percent, and chemical industry increased 22.1 percent.The total contribution rate of the five industries to the profit growth of industrial enterprises above the scale is 75.7%.

Second, improve profit margins

From January to October, the profit margin of main business income of industrial enterprises above the scale was 6.44%, up 0.24 percentage points year on year.In terms of the three industrial categories, the profit margin of mining industry was 13.12%, up 3.47 percentage points.Manufacturing's profit margin was 6.14%, up 0.12 percentage points.Profit margins in the power, thermal, gas and water production and supply sectors fell 0.23 percentage points to 6.18 per cent.

Third, enterprise cost reduction

From January to October, the total cost and expense per hundred yuan of main business income of industrial enterprises above the scale was 92.59 yuan, down 0.25 yuan from the same period last year.Among them, the cost per hundred yuan of main business income is 84.27 yuan, reduced by 0.25 yuan.

Fourth, the asset-liability ratio declined

At the end of October, the asset-liability ratio of industrial enterprises above a certain size was 56.7%, down 0.5 percentage points from a year earlier.Among them, the asset-liability ratio of state-owned holding enterprises was 59%, down 1.6 percentage points.

Judging from the situation in October, the growth rate of industrial profits slowed down compared with September, mainly due to the *** in the rise of factory gate prices of industrial products and the high profit base of the previous year.