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In The First Nine Months, The Mining Industry Realized A Total Profit Increase Of 50% Year-on-year Nov 02, 2018

According to the latest data released by the National Bureau of Statistics, from January to September, the total profits of industrial enterprises above designated size reached 4,917.34 billion yuan, a year-on-year increase of 14.7%, and the growth rate slowed by 1.5 percentage points from January to August. From January to September, the mining industry (above the scale, the same below) realized a total profit of 429.56 billion yuan, a year-on-year increase of 50%.

The data show that from January to September, among the 41 major industrial sectors, the total profit of 34 industries increased year-on-year, and 7 industries decreased. Among them, the four sub-sectors in the mining industry grew year-on-year and the growth rate narrowed. One sub-sector fell year-on-year and the decline narrowed. Specifically: the total profit of coal mining and washing industry was 232.75 billion yuan, a year-on-year increase of 14.5%, and the growth rate narrowed by 2.1 percentage points; the total profit of oil and natural gas mining industry was 135.37 billion yuan, a year-on-year increase of 400.6%, and the growth rate narrowed by 34.8 percentage points. The total profit of ferrous metal mining and dressing industry was 7.86 billion yuan, down 17% year-on-year, and the decline was narrowed by 0.8 percentage points; the total profit of non-ferrous metal mining and dressing industry was 32.69 billion yuan, up 12.6% year-on-year, and the growth rate narrowed by 1.2 percentage points; The total profit of metal mining and dressing industry was 18.72 billion yuan, a year-on-year increase of 5.9%, and the growth rate narrowed by 2.1 percentage points.

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The data also shows that mining industry profits continue to grow rapidly and leverage continues to decline. The reporter found through combing that from January to September, the mining owner's business income was 318.64 billion yuan, a year-on-year increase of 7.8%, an increase of 0.2 percentage points over January-August. From January to September, the profit rate of the mining owner's business income was 13.07%, which was higher than the profit rate of the main business income of industrial enterprises above designated size (6.44%), slightly lower than the profit of the mining owner's business from January to August. Rate level (13.25%). In addition, from January to September, the asset-liability ratio of the mining industry was 58.7%, which was higher than the asset-liability ratio of industrial enterprises above designated size (56.7%), slightly lower than the asset-liability ratio (58.8%) of the mining industry from January to August.