January-June state-owned enterprise profits fell 27% quarter-on-quarter growth

Xinhua Beijing, July 16, according to China's Ministry of Finance website said that 2009 1-June, included in the monthly report of the state-owned and state-controlled enterprises, the main indicators of economic efficiency decline continued to narrow, the growth trend of the chain.　　January-June, the national state-owned enterprises accumulated income of 9,794,180,000,000 yuan, down 5.9%, the national state-owned enterprises to achieve a cumulative profit of 553.4 billion yuan, a year-on-year decline of 27%. I. Main indicators of economic benefits (i) operating income. January-June, the national state-owned enterprises accumulated income of 9,794,180,000,000 yuan, down 5.9%, down from January-May to reduce 1.5%, June than May quarter-on-quarter growth of 19.7%. Among them: (1) Central enterprises (including central management enterprises and departments of enterprises, the same below) cumulative income of 6,222,340,000,000 yuan, down 4.3% year-on-year, June than May quarter-on-quarter growth of 22.2%. Central management Enterprises accumulated revenue of 5,257,820,000,000 yuan, down 6.8% year-on-year, June than May quarter-on-quarter growth of 24.1%.　　(2) The local state-owned enterprises accumulated revenues of 3,571,840,000,000 yuan, down 8.7% year-on-year, June than May quarter-on-quarter growth of 15.5%. (b) Achieving profits. January-June, the national state-owned enterprises to achieve a cumulative profit of 553.4 billion yuan, down 27%, the decline is 3.3% lower than January-May, June than May quarter-on-quarter growth of 29.4%. Among them: (1) The Central enterprise accumulated profits of 416.4 billion yuan, the year-on-year decline of 20.9%, June than May quarter-on-quarter growth of 25%. Central management enterprises accumulated profits of 300.26 billion yuan, down 27.3% year-on-year, June than May quarter-on-quarter growth of 28.5%.　　(2) The local state-owned enterprises accumulated profits of 137 billion yuan, the year-on-year decline of 41%, June than May quarter-on-quarter growth of 39.1%. Since March this year, the cumulative profit decline of the national state-owned enterprises has slowed for 4 consecutive months, January-June (-27%) respectively than January-May (-30.3%), January-April (-32.3%), January-March (-36.8%), January-February (-43.7%) to reduce 3.3, 5.3, 9.8,　　16.7%. (iii) tax payable. January-June, the national state-owned enterprises should pay tax 885.16 billion yuan, down 2.3% year-on-year, the decline is 1.1% lower than January-May, June than May quarter-on-quarter growth of 10.4%. Among them: (1) The total tax payable by the central Enterprises is 668.54 billion yuan, an increase of 0.2% in June, and a growth of 7.2% per cent in May.　　(2) The local state-owned enterprises should pay the total tax 216.62 billion yuan, down 9.1% year-on-year, June than May quarter-on-quarter growth of 20.9%. In January-June, the state-owned enterprises should pay value-added tax by 7.3%, decrease by 2.6%, and the consumption tax should be increased by 94.3%, increase by 6.3% in January-May, and sales tax should be increased by 8.4%Increase 2.2%; Income tax should fall by 23.6%, down 0.8% from January-May. (iv) tax payment.　　January-June, the national state-owned enterprises have paid tax 943.43 billion yuan, down 0.7% year-on-year, down from January-May to 3.8%, June than May quarter-on-quarter growth of 6.4%. (v) Cost and profitability levels. January-June, the national state-owned enterprises cost total of 9,257,180,000,000 yuan, down 4.3% year-on-year.　　Among them: Operating costs fell 6.1% year-on-year, management costs rose 3.3% year-on-year, but the increase was down 0.5% from January-May.　　Sales profit margin of 5.7%, down 1.6% year-on-year, cost profit margin of 6%, year-on-year decline of 1.9%; NET assets profit margin of 3.7%, down 1.9% year-on-year.　　Sales profit margin, cost profit margin and net assets profit margin of central enterprises were 6.7%, 7.2% and 4.4% respectively, and local state-owned enterprises were 3.8%, 3.9% and 2.5% respectively. (vi) inventory. Inventories of state-owned enterprises rose 9.5% per cent year-on-year in January-June, down 2.2% from January-May. The average total assets turnover rate is 0.3 times, with the same period last year basically flat. The inventory turnover rate was 2.2 times, slowing down 0.4 times over the same period last year.　　Accounts receivable turnover rate is 4.9 times, slower than the same period last year 1 times. Second, the main industry benefits in January-June, petrochemical, building materials, construction real estate and other industries profits continue to grow, coal, tobacco and other industries benefit relatively stable, machinery, automobile, chemical industry and other industries profit decline continued to slow down, the power industry swung, steel, non-ferrous, marine and other industries obviously 减亏.