The profits of the chemical machinery and other industries declined sharply in May

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The Ministry of Finance announced on the 15th the financial performance of state-owned and state-controlled enterprises throughout the country from January to May 2012. The total operating income of state-owned enterprises totaled 1,619.32 billion yuan, a year-on-year increase of 11.3%, which was a 3.7% increase from the previous month in May. Total accumulated profits totaled 830.13 billion yuan, a year-on-year decrease of 10.4%, which was a month-on-month decline of 11.8% from April. Taxes and taxes payable amounted to 1,377.62 billion yuan, a year-on-year increase of 6.1%, which was 5.9% lower in May than in April.

From January to May, the total cost of state-owned enterprises was 1.5505.58 billion yuan, a year-on-year increase of 12.9%. Net sales margin was 3.7%, down 1.1% from the same period of last year. Return on net assets was 2.4%, down 0.7% from the same period of last year. The cost-profit margin was 5.4%, down 1.4% from the same period of last year. Among them, the central company’s net profit margin, net asset yield, and cost-cost margin were 4.2%, 2.9%, and 6.1%, respectively, and local state-owned enterprises were 3%, 1.7%, and 4.2% respectively.

From January to May, inventory of state-owned enterprises increased by 19% year-on-year. The stock turnover rate was 1.6, down 0.1 times from the same period of last year. The turnover rate of accounts receivable was 4.9 times, 0.3 times lower than the same period of last year. The average total asset turnover was 0.2 times, which was the same as the same period of last year.

From January to May, the industries that achieved a larger year-on-year increase in profits were the tobacco industry, the auto industry, the commerce and trade industries, and the post and telecommunication communications; the industries that achieved a larger year-on-year decrease in profits were non-ferrous industry, chemical industry , building materials industry, machinery industry, petrochemical industry Wait.

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