1-5-month profit decline continues to slow

The state-owned and state-controlled enterprises accumulated profits of 425.4 billion yuan, down 30.3%, down from January-April to 2% comprehensive report and Xinhua news agency reported that the Ministry of Finance released today this January-May national state-owned and state-controlled enterprises economic performance shows that　　Although the main economic benefit indicators of state-owned and state-holding enterprises in China are still in the declining range, the profit and tax decline continues to slow down. The state-owned and state-controlled enterprises of the Ministry of Finance include Central enterprises and 36 provinces, cities, state-owned and state-controlled enterprises, excluding state-owned financial enterprises. Statistics show that the state-owned and state-controlled enterprises included in the statistical scope of 1-5-month cumulative operating income of 7,756,290,000,000 yuan, down 7.4%, the decline than the January-April increase of 0.1%, May than April quarter-on-quarter growth of 2.1%, the cumulative profit of 425.4 billion yuan, down 30.3%,　　The decline was 2% from January-April, and May was down 7.5% from April. At the same time, January-May national state-owned enterprises should pay taxes 717.01 billion yuan, down 3.4%, the decline is 1% from January-April, May than April quarter-on-quarter growth of 7%; taxes have been paid 759.49 billion yuan, down 4.5% per cent,　　The decline was 4.6% from January-April, and May was up 2.3% from April.　　January-May National state-owned enterprises cost total of 7,353,540,000,000 yuan, down 5.7% year-on-year, sales profit margin of 5.5%, down 1.8%, cost profit margin of 5.8%, year-on-year decline of 2%, net assets profit margin of 2.9%, year-on-year decline of 1.7%. In addition, the state-owned enterprises inventory growth further moderated, January-May state-owned enterprises inventories of the year-on-year increase of 11.7%, the increase is 1.4% lower than in January-April. By the end of May, the total assets of state-owned enterprises amounted to 35.6 trillion yuan, an increase of 14.4%.　　The asset-liability ratio was 58.9%, up 1.6% year-on-year. In the industry, January-May tobacco, construction real estate, building materials, petrochemical and other industries to maintain growth in profits, the coal industry has declined slightly, oil, machinery, automotive, electronics, chemical and other industries profit decline continues to slow down, the power industry further 减亏, Steel, non-ferrous, maritime industry losses increased.