国家统计局：2025年1-8月份电力、热力生产和供应业利润同比增长13.0%

Core Insights - The total profit of industrial enterprises above designated size in China reached 46,929.7 billion yuan from January to August, reflecting a year-on-year growth of 0.9% [1] - The profit performance varied significantly across different types of enterprises, with state-owned enterprises experiencing a decline while private enterprises showed the highest growth [1][7] Profit Performance by Enterprise Type - State-owned enterprises reported a total profit of 15,156.5 billion yuan, down 1.7% year-on-year [1] - Joint-stock enterprises achieved a profit of 34,931.9 billion yuan, an increase of 1.1% [1] - Foreign and Hong Kong, Macao, and Taiwan-invested enterprises made a profit of 11,723.6 billion yuan, up 0.9% [1] - Private enterprises saw a profit of 13,076.1 billion yuan, marking a growth of 3.3% [1] Profit Performance by Industry - The mining industry faced a significant profit decline of 30.6%, totaling 5,661.1 billion yuan [1] - The manufacturing sector reported a profit of 35,233.5 billion yuan, reflecting a growth of 7.4% [1] - The electricity, heat, gas, and water production and supply industry achieved a profit of 6,035.1 billion yuan, up 9.4% [1][2] Revenue and Cost Analysis - From January to August, the total operating revenue of industrial enterprises was 89.62 trillion yuan, a year-on-year increase of 2.3% [2] - Operating costs amounted to 76.70 trillion yuan, growing by 2.5% [2] - The operating profit margin was 5.24%, a slight decrease of 0.06 percentage points year-on-year [2] Financial Indicators - As of the end of August, total assets of industrial enterprises reached 185.08 trillion yuan, up 5.0% year-on-year [2] - Total liabilities were 107.34 trillion yuan, increasing by 5.4% [2] - The equity of owners totaled 77.73 trillion yuan, reflecting a growth of 4.4% [2] - The asset-liability ratio stood at 58.0%, an increase of 0.2 percentage points year-on-year [2] Accounts Receivable and Inventory - Accounts receivable amounted to 27.24 trillion yuan, a year-on-year increase of 6.6% [3] - Finished goods inventory was 6.73 trillion yuan, up 2.3% [3] - The average collection period for accounts receivable was 70.1 days, an increase of 3.7 days year-on-year [3] Monthly Performance - In August, the profit of industrial enterprises turned from a decline of 1.5% in the previous month to a growth of 20.4% [4]