Industrial Profits Expanded in 2011

In 2011, the industrial profits of enterprises above designated size achieved 5,454.4 billion yuan, a year-on-year increase of 25.4 percent. In December, the industrial profits of enterprises above designated size stood at 790.7 billion yuan, a year-on-year increase of 31.5 percent, of which, the profits of state-owned and state-holding industrial enterprises amounted to 144.6 billion yuan, a year-on-year increase of 31.4 percent.

In 2011, the profits of state-owned and state-holding industrial enterprises above designated size gained 1,498.9 billion yuan, expanding 15.0 percent, that of collective-owned enterprises reached 88.2 billion yuan, increased 34.0 percent, that of joint-stock enterprises stood at 3,165.1 billion yuan, rose by 31.2 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,403.8 billion yuan, jumping 10.6 percent, and that of private enterprises gained 1,662.0 billion yuan, increased 46.0 percent, year-on-year.

Within 39 branches of industrial divisions, the profits of 37 industrial divisions increased year-on-year; while that of 2 declined. Of which, the profits of petroleum and natural gas extraction industry increased 44.8 percent, that of ferrous metal mining and processing went up by 53.0 percent, that of raw chemical materials and chemical products rose by 32.1 percent, that of chemical fiber industry increased 1.5 percent, that of ferrous metal smelting and processing industry rose by 15.4 percent, that of non-ferrous metal smelting and processing industry jumping 51.3 percent, that of transportation equipment manufacturing expanding 17.3 percent, that of communication equipment, computers and other electric equipment production went up 1.5 percent, while that of processing of petroleum, coking, processing of nuclear fuel dropped 92.8 percent, and that of production and supply of electric power and heat power declined 11.0 percent.

The main business revenue of enterprises above designated reached 84,331.5 billion yuan, ballooned 27.2 percent, year-on-year., the cost of main business revenue for per hundred yuan stood at 84.71 yuan, with the margin hit 6.47 percent.

The costs of revenue from principal business of state-owned and state-holding industrial enterprises grew to 22,831.0 billion yuan, increased 20.4 percent, the costs of revenue from principal business for per hundred yuan stood at 82.67 yuan, with the margin hit 6.57 percent, that of collective-owned enterprises reached 1,265.0 billion yuan, increased 25.7 percent, the costs of revenue from principal business for per hundred yuan stood at 85.06 yuan, with the margin hit 6.97 percent, that of joint-stock enterprises reached 47,889.2 billion yuan, increased 30.8 percent, the costs of revenue from principal business for per hundred yuan stood at 84.4 yuan, with the margin hit 6.61 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 21,860.5 billion yuan, increased 19.4 percent, the costs of revenue from principal business for per hundred yuan stood at 85.55 yuan, with the margin hit 6.42 percent, and that of private enterprises gained 25,832.1 billion yuan, increased 37.0 percent, the costs of revenue from principal business for per hundred yuan stood at 85.58 yuan, with the margin hit 6.43 percent.

By the end of December, the total volume of net receivable for industrial enterprises hit 6,987.4 billion yuan, went up 19.6 percent, year-on-year. The total value of finished products for industrial enterprises accounted for 2,781.8 billion yuan, went up 20.8 percent, year-on-year.

Note: The high profit growth in December was mainly affected by year-end profits remitted, investment income, and adjustment of collection method of special oil income levy after November, and other factors.

Annotations:

I. Explanatory Notes

Total Profits: refer to the final achievement of production and operation activities of the enterprises, represented by total profits after deducting losses (loss is expressed by the negative figure).

Revenue from Principal Business: refers to total income of enterprises gained from principal business operation.

Receivable Accounts: refers to the funds received by enterprises from units purchasing goods or receiving labor services through selling goods, products, proving labor services and etc.

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

The costs of revenue from principal business for per hundred yuan = The cost of revenue from principal business/The revenue from principal business×100

The margin of revenue from principal business = Total profit/The revenue from principal business×100%

2. Statistical Coverage

Enterprises above designated size refers to all industrial enterprises with revenue from principal business over 20 million yuan (the former is 5 million yuan).

3. Data Collection

Since 2011, the Financial Report of Enterprises Above Designated Size conducts complete survey by month (the data on January are not required to report).