The Profit of Industrial Enterprises above Designated Size from January to March in 2021
National Bureau of Statistics of China2021-04-28 09:30




From January to March, China's industrial enterprises above designated size achieved a total profit of 1,825.38 billion yuan, a year-on-year increase of 1.37 times (according to the comparable caliber, see Note 2 for details), an increase of 50.2 percent over January to March 2019, and an average increase of 22.6 percent in two years.

 

From January to March, among the industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 616.54 billion yuan, a year-on-year increase of 1.99 times; The total profits of joint-stock enterprises reached 1,279.27 billion yuan, an increase of 1.29 times; The total profits of enterprises invested by foreign investors, Hong Kong, Macao and Taiwan reached 512.81 billion yuan, an increase of 1.61 times; The total profit of private enterprises was 516.33 billion yuan, an increase of 91.9 percent.

 

From January to March, the total profit of mining industry was 151.95 billion yuan, up 77.1 percent year on year; The total profit of manufacturing industry was 1,536.63 billion yuan, an increase of 1.58 times; Power, heat, gas and water production and supply industry realized a total profit of 136.8 billion yuan, an increase of 56.9 percent.

 

From January to March, of the 41 major industries, the total profits of 39 increased year-on-year, one turned losses into profits, and one realized loss reduction. The profits of the main industries were as follows: the total profits of automobile manufacturing industry increased by 8.43 times, that of non-ferrous metal smelting and processing industry increased by 4.71 times, that of ferrous metal smelting and processing industry increased by 3.88 times, that of chemical raw materials and chemical products manufacturing industry increased by 3.43 times, that of electrical machinery and equipment manufacturing industry increased by 1.67 times, that of special equipment manufacturing industry increased by 1.46 times, and that of computer, communications and other electronic equipment manufacturing industry increased by 1.41 times, that of general equipment manufacturing industry increased by 1.19 times, that of coal mining and washing industry increased by 94.3 percent, that of non-metallic mineral products industry increased by 69.1 percent, that of power and heat production and supply industry increased by 50.7 percent, that of textile industry increased by 40.4 percent, that of agricultural and sideline food processing industry increased by 28.9 percent, and that of oil and natural gas exploration industry increased by 18.4 percent.

 

From January to March, the operating revenue of industrial enterprises above designated size reached 27.48 trillion yuan, a year-on-year increase of 38.7 percent; The operating costs incurred were 22.91 trillion yuan, an increase of 36.5 percent; The profit margin of operating revenue was 6.64 percent, up 2.76 percentage points year on year.

 

At the end of March, the assets of industrial enterprises above designated size totaled 128.70 trillion yuan, up 9.5 percent year on year; Total liabilities amounted to 72.47 trillion yuan, an increase of 9.0 percent; The total owner's equity was 56.23 trillion yuan, an increase of 10.1 percent; The asset liability ratio was 56.3 percent, a year-on-year decrease of 0.3 percentage point.

 

At the end of March, the accounts receivable of industrial enterprises above designated size reached 16.59 trillion yuan, up 17.1 percent year on year; Finished goods inventory reached 4.73 trillion yuan, an increase of 8.5 percent.

 

From January to March, the cost per 100 yuan of operating income of industrial enterprises above designated size was 83.37 yuan, a year-on-year decrease of 1.36 yuan; The cost per 100 yuan of operating income was 8.60 yuan, a year-on-year decrease of 1.04 yuan.

 

At the end of March, the operating income of industrial enterprises above designated size per 100 yuan of assets was 86.0 yuan, an increase of 18.1 yuan year on year; The per capita operating income was 1.527 million yuan, an increase of 408 thousand yuan over the same period last year; The turnover days of finished goods inventory was 18.3 days, a year-on-year decrease of 4.7 days; The average payback period of accounts receivable was 53.8 days, a year-on-year decrease of 10.2 days.

 

In March, industrial enterprises above designated size achieved a total profit of 711.18 billion yuan, up 92.3 percent year on year.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in January to March 2021

 

Table I

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

274828.0

38.7

229126.7

36.5

18253.8

137.3

Of which: Mining and Quarrying

10639.1

25.1

7365.0

19.7

1519.5

77.1

Manufacturing

242118.0

41.2

202231.1

38.9

15366.3

157.8

Production and Distribution of Electricity, Heat, Gas and Water

22070.9

22.0

19530.6

21.4

1368.0

56.9

 Of which: State-holding Enterprises

75508.7

32.8

60132.6

29.1

6165.4

199.4

            Joint-Stock Enterprises

201385.0

38.2

167893.8

36.1

12792.7

129.2

Enterprises with Funds From Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises

65303.2

42.1

54453.6

39.3

5128.1

160.9

Of which: Private Enterprises

104494.3

41.0

90035.4

39.8

5163.3

91.9

 

 

 

 

 

 

 

Note : 1.Due to the overlap of economic type grouping, the total is not equal to the total of sub-items.

2.Due to the rounding-off reasons, the subentries may not add up to the aggregate totals, no adjustment.

 

Quality Performance Indicators of Industrial Enterprises

above the Designated Size in January to March 2021

 

 

Table II

Indicators

Profit Rate of Revenue

Costs for per-hundred-yuan

 

Expenses for per-hundred-yuan

Revenue from Brought by per Hundred yuan Assets

Per captal Income

Asset-Liability Ratio

Turnover Days of Finished Goods

Average Payback Period of Accounts Receivable

Jan-Mar (%)

Jan- Mar (yuan)

Jan-Mar (yuan)

By the end of March (yuan)

By the end of March (10 thousand yuan/ person)

By the end of March (%)

By the end of March (days)

By the end of March (days)

 

 

 

 

 

 

 

 

 

Total

6.64

83.37

8.60

86.0

152.7

56.3

18.3

53.8

Of which: Mining and Quarrying

14.28

69.23

11.82

41.5

101.9

60.5

13.6

41.0

Manufacturing

6.35

83.53

8.69

101.0

150.3

55.2

20.2

55.1

Production and Distribution of Electricity, Heat, Gas and Water

6.20

88.49

6.10

40.7

260.1

59.1

0.8

46.2

 Of which: State-holding Enterprises

8.17

79.64

7.21

62.1

241.5

57.0

13.3

41.0

           Joint-Stock Enterprises

6.35

83.37

8.79

82.7

149.8

57.1

18.9

51.4

Enterprises with Funds From Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises

7.85

83.39

8.40

98.3

161.8

53.4

17.9

64.3

Of which: Private Enterprises

4.94

86.16

8.77

117.8

122.7

58.2

19.9

51.3

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

Designated Size in January to March 2021 (Group by Industries)

 

Table III

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

274828.0

38.7

229126.7

36.5

18253.8

137.3

Mining and Washing of Coal

5621.1

29.6

3787.9

22.0

808.8

94.3

Extraction of Petroleum and Natural Gas

1979.4

3.5

1244.6

2.5

411.2

18.4

Mining of Ferrous Metal Ores

1230.1

57.0

929.1

46.5

143.5

780.4

Mining of Non-Ferrous Metal Ores

635.7

29.0

439.8

21.1

96.8

95.2

Mining And Processing of Nonmetal Ores

821.8

35.7

621.1

34.8

66.4

50.9

Mining Support Service Activities

347.7

-6.9

339.5

-9.3

-7.2

(Note1)

Mining of Other Ores N.E.C

3.3

153.8

3.0

150.0

0.1

(Note2)

Processing of Food From Agricultural Products

12121.4

26.0

10984.9

26.2

458.2

28.9

Manufacture of Foods

4891.6

23.2

3824.6

24.2

394.9

52.1

Manufacture of Wines, Beverage and Refined Tea

4090.1

30.3

2568.7

28.2

767.5

44.1

Manufacture of Cigarettes And Tobacco

4287.7

13.0

1155.5

7.9

645.4

18.7

Manufacture of Textile

5237.4

27.3

4654.6

26.8

168.8

40.4

Manufacture of Textile Wearing Apparel And Ornament

2968.2

16.5

2526.6

15.9

115.9

43.3

Manufacture of  Leather, Fur, Feather Aad Its Products

2320.2

17.7

2005.8

17.3

116.2

29.3

Processing of Timbers, Manufacture of  Wood, Bamboo, Rattan, Palm, and Straw Products

2056.5

39.2

1859.5

39.9

64.0

27.2

Manufacture of Furniture

1637.1

39.9

1374.3

40.1

67.3

72.6

Manufacture of  Paper and Paper Products

3401.0

37.3

2871.2

35.9

247.6

112.7

Printing, Reproduction of Recording Media

1535.4

30.8

1297.3

31.0

71.2

49.3

Manufacture of  Articles for Culture, Education, Artwork, Sport and Entertainment Activity

3011.0

35.6

2623.1

35.7

124.5

57.0

Petroleum, coal and other Fuel Manufacturing

12089.9

19.6

9640.1

6.6

899.1

(Note3)

Manufacture of Chemical Raw Material  and Chemical Products

17606.8

40.2

14349.5

32.8

1688.9

342.5

Manufacture of Medicines

6555.1

33.5

3594.4

26.1

1147.6

88.7

Manufacture of Chemical Fibres

2153.0

40.7

1895.8

34.7

136.6

596.9

Manufacture of Rubber and Plastics Products

6341.3

44.0

5305.4

41.4

396.9

140.0

Manufacture of Non-Metallic Mineral Products

12996.2

40.0

10849.9

39.2

857.6

69.1

Manufacture and Processing of Ferrous Metals

20483.1

50.5

18837.3

47.7

871.4

387.6

Manufacture and Processing of Non-Ferrous Metals

14388.2

43.0

13269.1

39.2

555.0

471.0

Manufacture of Fabricated Metal Products

9325.1

49.2

8200.3

48.6

366.6

116.7

Manufacture of General-Purpose Machinery

9873.3

49.4

8111.6

48.0

633.2

118.7

Manufacture of Special-Purpose Machinery

8253.4

49.8

6467.1

47.2

707.6

145.5

Manufacture of Motor Vehicles

21162.7

71.5

18018.9

69.4

1320.8

843.4

Manufacture of Railway Locomotives, Building of Ships and Boats, Manufacture of Air and Spacecrafts and Other Transportation Equipments

2534.1

37.8

2162.3

37.9

103.1

72.4

Manufacture of Electrical Machinery and Equipment

16763.1

56.5

14325.8

56.1

838.0

166.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

29956.9

39.6

26016.4

37.6

1383.5

141.4

Manufacture of Measuring Instrument and Meter

1764.4

46.1

1330.8

43.2

140.5

111.0

Other Manufacturing

431.8

41.8

364.3

41.1

20.7

80.0

Waste Recycling and Recovery

1601.4

90.9

1503.6

92.8

52.2

99.2

Repair of  Fabricated Metal Products, Machinery and Equipment

280.6

5.3

242.4

2.1

5.3

194.4

Production and Supply of Electric Power and Heat Power

18261.3

21.2

16309.7

20.9

1080.9

50.7

Production and Distribution of Gas

2974.5

26.2

2599.3

25.1

227.2

66.1

Production and Distribution of Water

835.1

26.2

621.6

21.6

59.8

234.1

 

 

 

 

 

 

 

Note: 1. Mining professional and auxiliary activities lost 1.54 billion yuan in the same period of last year.

2. The total profit of other mining industries in the same period of last year was 0.0 billion yuan.

3. The oil, coal and other fuel processing industry suffered a loss of 25.24 billion yuan in the same period last year.

4. The total of some indicators in this table is not equal to the sum of sub items, which is caused by data rounding, without mechanical adjustment.

 

Annotations:

 

I. Explanatory Notes:

 

1. Total Profits: refer to the surplus of various revenue deducting various costs in the production process of enterprises, reflecting the total profit and loss in the report period.

 

2. Operating income: refers to the total amount of revenue of enterprises recognized by the principal business and other business operations.

 

3. Operating costs: refers to the total costs of enterprises incurred by the principal business and other business operations.

 

4. Total Assets: refers to the resources which are gotten from past transactions or events, owned or controlled by enterprises, and expected to bring economic benefits to the enterprises.

 

5. Total Liabilities: refers to the current obligation generated from past transactions or events, and expected an outflow of economic benefits from the enterprises.

 

6. Total Owners' Equity: refers to the residual interests after deducting liabilities, which belongs to the enterprise’s owners.

 

7. Accounts Receivable: refers to the amount that should be collected by an enterprise due to its business activities, such as selling goods and providing services, measured at amortized cost on the balance sheet date.

 

8. Finished Goods: refers to manufactured products which are ready for sale by the end of report period.

 

9. Profit Rate of Revenue from Principal Activities = total profits / revenue from principal activities × 100%, unit: %.

 

10. Costs for per-hundred-yuan Turnover of Principal Activities = the costs of revenue from principal activities / the revenue from principal activities ×100, unit: yuan.

 

11. Expenses for per-hundred-yuan Turnover of Principal Activities = (selling expenses + administrative expenses + financial expenses) / the revenue from principal activities ×100, unit: yuan.

 

12. Revenue from Activities Brought by per Hundred-yuan Assets = the revenue from activities / average assets / the cumulative number of months × 12 × 100, unit: yuan.

 

13. Revenue from Activities per Capita = revenue from activities / average number of employment / the cumulative number of months × 12, unit: 10 thousand yuan/ person.

 

14. Asset-Liability Ratio = total liabilities / total assets × 100%, unit: %.

 

15. Turnover Days of Finished Goods = 360 × average finished goods / revenue from activities × the cumulative number of months / 12, unit: days.

 

16. Days Sales Outstanding (the number of days on average a company takes to collect its accounts receivable) = 360 ×average accounts receivable / revenue from activities ×the cumulative number of months / 12, unit: days.

 

17. The two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

 

18. In the columns of increase rate year-on-year of the three tables above, the “note” refers to negative total profits in the same period last year, which means loss; the positive value refers to a year-on-year increase of profits; the negative value which is greater than or equal to -100% refers to a year-on-year decrease of profits; the value less than -100% indicates turning gain in the same period last year into loss in current period; and the value of 0 indicates that the profits remain at the same level year-on-year.

 

II. The growth rates of the total profits and revenue from activities of industrial enterprises above designated size are calculated on a comparable basis. There are incomparable factors between the data in the reporting period and the same indicator data published in the previous year, which cannot be directly compared to calculate the growth rate. The main reasons are: (1) According to the statistical system, the survey coverage of industrial enterprises above designated size is adjusted regularly every year. Each year, some companies will be included in the survey after having reached designated size, and some will exit the survey due to their smaller size, and there are also influence of new built and starting enterprises, bankruptcies, and companies that have been suspended or sold. (2) By strengthening the statistical law enforcement, the enterprises found in the statistical law enforcement inspection that do not meet the industrial statistics requirements above designated size have been cleared, and relevant bases have been revised in accordance with regulations. (3) Strengthen data quality management and eliminate the cross-regional and cross-industry repeated calculation.

 

III. Statistical Coverage

 

Industrial enterprises above the designated size, which refer to industrial enterprises with revenue from principal activities over 20 million yuan.

 

IV. Survey Method

 

The Financial Report of Enterprises above the Designated Size conducts complete survey by month (the data on January are not required to report).

 

V. Industrial Classification Standard

 

The Industrial Classification for National Economic Activities (GB/T4754-2017) was implemented, please refer to http://www.stats.gov.cn/tjsj/tjbz/hyflbz.

 

 

Annex
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