The national bureau of statistics announced on November 27, industrial enterprise financial data show that 1 - October, industrial enterprises above designated size total profits fell 2% year on year, drop to 1 - to expand 0.3% in September. Among them, the profit fell 4.6% in October, a drop than expand 4.5% in September.

Compared to a few months ago, investment income, exchange loss and oil windfall tax on the fluctuation of corporate profits decreased significantly. Main reason for decline in profits in October:

Look from sales, product sales decline further. Growth slowed in October, as production, product prices fell, the industrial enterprises above designated size advocate business wu income fell 1.4% year-on-year, decline than the expansion of 0.9% in September, has for two months in a row presents the negative growth

Look from the cost, the unit cost and cost increased. In October, every one hundred yuan industrial enterprise main business income of the cost is 85.84 yuan, rose 0.04 yuan. Each main business income of one hundred yuan fee total is 7.2 yuan, up 0.18 yuan.

From the industry, oil drilling, steel, mining and raw materials such as coal industry profit fell significantly. In October, the exploitation of oil and gas profits of 1.63 billion yuan, fell 24.54 billion yuan; Loss of 1.55 billion yuan, black metal smelting and rolling processing industry for profit over the same period of last year, 16.45 billion yuan; Coal mining and washing industry achieved a profit of RMB 6.96 billion, fell 6.34 billion yuan. The three industry has reduced profit of 48.88 billion yuan, for all enterprises above designated size 1.8 times of the amount of profits.

It is worth noting that the overall profit decline in the industry at the same time, accord with the direction of the transformation and upgrading of industry profits to keep the good growth. In October, the high technology manufacturing profits rose 14.2% year-on-year, the equipment manufacturing industry grew 8.6%, consumer related industries increased by 4.3%. In addition, business inventories slowing economic growth, which is beneficial to alleviate the pressure of the future production and operation enterprises. In late October, finished goods inventory rose 4.5%, slower than 0.4% drop in late September, showed a trend of further slow down.