The tax growth kept dropping year on year.
On the basis of initial seasonal adjustment, the total tax in the coal industry was RMB 60.99 billion yuan in the third quarter, dropping by 15.1 percent year on year, 17.5 percentage points lower than the one in the last quarter, and changing from the increasing year on year in the last quarter to the dropping year on year in the third quarter; it reduced by 16.9 percent quarter on quarter.
The days of turnover for account receivable increased somewhat.
The account receivable in the coal industry reached RMB 295.8 billion yuan at the end of the third quarter, increasing by 29.2 percent year on year, 2.1 percentage points higher than that of the last quarter.
As for the payment speed, the days of turnover for account receivable in the coal industry are 29.1 in the third quarter, 4.5 days more than that in the last quarter. However, compared with 31 days of turnover for account receivable in all industries, it was not bad.
Investment growth dropped year on year.
On the basis of initial seasonal adjustment, the total fixed assets investment in the coal industry reached RMB 179.09 billion yuan in the third quarter, increasing by 13.7 percent year on year, 11.9 percentage points lower than that in the last quarter. Low investment enthusiasm of investors was mainly due to factors like weak internal and external demand for coal, constant price drop and poor expectation for industrial development.
Employment growth continued dropping.
The number of employment in the coal industry was 5.284 million in the third quarter, increasing by 2 percent year on year, 1.3 percentage points lower than that in the last quarter. The slowdown of employment growth year on year indicated that enterprises were not optimistic to the development prospect, so they were prudent for employment.
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