国家统计局：2025年1-7月份全国规模以上工业企业利润下降1.7%

Core Insights - The total profit of industrial enterprises above designated size in China for the first seven months of 2025 was 40,203.5 billion yuan, a year-on-year decrease of 1.7% [2][10] - State-owned enterprises saw a profit of 12,823.4 billion yuan, down 7.5%, while private enterprises and foreign-invested enterprises both experienced a profit increase of 1.8% [2][10] - The mining industry faced a significant profit decline of 31.6%, while the manufacturing sector reported a profit growth of 4.8% [2][10] Profit and Revenue Analysis - From January to July, the total revenue of industrial enterprises was 780,703.3 billion yuan, reflecting a year-on-year growth of 2.3% [3][10] - The cost of operations increased by 2.5% to 668,042.1 billion yuan, leading to a profit margin of 5.15%, which is a decrease of 0.21 percentage points compared to the previous year [3][10] - The mining sector's revenue dropped by 13.6%, while the manufacturing sector's revenue grew by 3.3% [10][14] Sector Performance - Key sectors with notable profit growth include the agricultural and food processing industry (14.5%), electrical machinery manufacturing (11.7%), and non-ferrous metal smelting (6.9%) [3][10] - Conversely, sectors such as coal mining and washing saw a dramatic profit decline of 55.2%, and the chemical raw materials and products manufacturing sector experienced an 8.0% decrease [3][10] - The automotive manufacturing sector reported a modest profit growth of 0.9% [3][10] Financial Metrics - As of the end of July, total assets of industrial enterprises amounted to 183.67 trillion yuan, a year-on-year increase of 4.9%, while total liabilities reached 106.26 trillion yuan, up 5.1% [4][10] - The average accounts receivable period increased to 69.8 days, up 3.7 days from the previous year, indicating a potential liquidity concern [4][10] - The inventory turnover days for finished goods stood at 20.5 days, reflecting a slight increase of 0.2 days year-on-year [4][10]