国家统计局：2025年电力、热力生产和供应业利润增长13.9%

Core Insights - In 2025, the total profit of industrial enterprises above designated size reached 739.82 billion yuan, an increase of 0.6% compared to the previous year [1] - The profit distribution among different types of enterprises showed a decline in state-owned enterprises and joint-stock enterprises, while foreign and private enterprises experienced growth or stability [1][2] Financial Performance - The total operating revenue for industrial enterprises was 13.92 trillion yuan, reflecting a growth of 1.1% year-on-year, while operating costs increased by 1.3% to 11.88 trillion yuan [2][10] - The profit margin for operating revenue was 5.31%, a slight decrease of 0.03 percentage points from the previous year [2][10] Industry-Specific Performance - The mining industry saw a significant profit decline of 26.2%, while the manufacturing sector experienced a profit increase of 5.0% [1][2] - Notable growth was observed in the black metal smelting and rolling industry, which saw profits increase by 3.0 times, and the computer, communication, and other electronic equipment manufacturing industry, which grew by 19.5% [2][10] Asset and Liability Overview - By the end of 2025, total assets of industrial enterprises amounted to 188.41 trillion yuan, up 4.3% year-on-year, while total liabilities reached 108.58 trillion yuan, an increase of 4.2% [2][10] - The equity of owners totaled 79.82 trillion yuan, reflecting a growth of 4.5%, with an asset-liability ratio of 57.6%, down by 0.1 percentage points [2][10] Accounts Receivable and Inventory - Accounts receivable stood at 27.43 trillion yuan, up 4.7% from the previous year, while finished goods inventory increased by 3.9% to 6.73 trillion yuan [3] - The average collection period for accounts receivable was 67.9 days, an increase of 3.6 days compared to the previous year [3]