State-owned enterprise profits fell 27% year-on-year growth trend

Xinhua Beijing, July 16, the Ministry of Finance 16th released data show that this January-June month, the national state-owned enterprises to achieve a cumulative operating income of 9,794,180,000,000 yuan, down 5.9%, the decline is 1.5% lower than January-May, June than the May quarter-on-quarter growth of 19.7%.　　In the first half of the state-owned and state-controlled enterprises, the main indicators of economic efficiency decline continued to narrow, the chain showed growth trend.　　The state-owned and state-controlled enterprises in the statistics of the Ministry of Finance include the central Enterprises and 36 provinces (municipalities, autonomous regions), listed companies and state-controlled enterprises, excluding state-owned financial enterprises. Data show that January-June national State-owned enterprises accumulated profits of 553.4 billion yuan, down 27%, down from January-May to reduce 3.3%, June than May quarter-on-quarter growth of 29.4%. 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%. January-June National state-owned enterprises should pay taxes 885.16 billion yuan, down 2.3%, the decline is 1.1% from January-May, June than May quarter-on-quarter growth of 10.4%; tax paid 943.43 billion yuan, down 0.7%, The decline was 3.8% from January-May, and June was up 6.4% from May. In January-June, the state-owned enterprises should pay VAT decline 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 the sales tax should be increased by 8.4%.　　The increase was 2.2% per cent from January-May; income tax should fall by 23.6%, a 0.8% increase from January-May. January-June National state-owned enterprises cost total of 9,257,180,000,000 yuan, down 4.3% year-on-year. 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. 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. Sub-industry look, 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.