Industrial Profits Increased in 2014

National Bureau of Statistics of China 2015-01-29 11:10 Print| Large| Medium| Small

In 2014, the industrial profits of enterprises above designated size achieved 6,471.53 billion yuan, an increase of 3.3 percent over last year. The industrial profits from principal business achieved 6,047.17 billion yuan, an increase of 1.6 percent over last year.

 

In December, the industrial profits of enterprises above designated size achieved 850.73 billion yuan, decreased 8.0 percent year-on-year, and the pace of decline expanded 3.8 percentage points over November.

 

In 2014, the profits of state-owned and state-holding industrial enterprises above designated size gained 1,400.67 billion yuan, decreased 5.7 percent over last year; that of collective-owned enterprises reached 53.8 billion yuan, increased 0.4 percent; that of joint-stock enterprises stood at 4,296.28 billion yuan, increased 1.6 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,597.18 billion yuan, increased 9.5 percent; and that of private enterprises gained 2,232.26 billion yuan, increased 4.9 percent.

 

In 2014, the profits of mining and quarrying gained 624.57 billion yuan, decreased 23.0 percent over last year; that of manufacturing was 5,373.25 billion yuan, increased 6.5 percent; that of production and distribution of electricity, gas and water reached 473.71 billion yuan, went up by 17.1 percent.

 

In 2014, within 41 branches of industrial divisions, the industrial profits of 28 industrial divisions increased over last year, that of 2 kept at the same level, while that of 11 decreased. In view of the profit growth of major industries, the profits of manufacture of textile increased 3.6 percent over 2013, that of manufacture of chemical raw material and chemical products increased 1.7 percent, that of manufacture of non-metallic mineral products increased 3.9 percent, that of manufacture and processing of non-ferrous metals increased 2.5 percent, that of manufacture of general-purpose machinery increased 6.5 percent, that of manufacture of motor vehicles increased 18.1 percent, that of manufacture of electrical machinery and equipment increased 13.7 percent, that of manufacture of computer, communication equipment and other electronic equipment increased 17.1 percent, that of production and supply of electric power and heat power increased 19.1 percent, that of mining and washing of coal decreased 46.2 percent, that of extraction of petroleum and natural gas decreased 13.7 percent, that of processing of food from agricultural products decreased 0.4 percent, that of processing of petroleum, coking, processing of nucleus fuel decreased 79.2 percent, that of manufacture and processing of ferrous metals decreased 2.7 percent, that of manufacture of special-purpose machinery decreased 0.6 percent.

 

In 2014, the revenue from principal business of enterprises above designated reached 109,464.65 billion yuan, increased 7.0 percent over last year. The main business cost was 93,749.34 billion yuan, increased 7.5 percent.

 

By the end of 2014, the total volume of receivable accounts for industrial enterprises hit 10,516.8 billion yuan, went up by 10.0 percent over 2013. The total value of finished products for industrial enterprises accounted for 3,710.96 billion yuan, went up by 12.6 percent.

 

In 2014, the main business income margin of industrial enterprises above designated size hit 5.91 percent, the cost of main business revenue for per hundred yuan stood at 85.64 yuan, the main business income brought by per hundred yuan assets was 125.2 yuan, and the turnover days of finished goods were 13.3 days.

 

 

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above Designated Size in 2014

Table I

Indicators

Revenue from

Principal Business

Total Profits

Profits from Principal Business

Accumulated to December (100 million yuan)

Increase rate Y/Y

(%)

Accumulated to December (100 million yuan)

Increase rate Y/Y

(%)

Accumulated to December (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1094646.5

7.0

64715.3

3.3

60471.7

1.6

Of which: Mining and Quarrying

64560.3

-3.1

6245.7

-23.0

6000.0

-25.6

Manufacturing

966673.0

7.9

53732.5

6.5

50650.8

5.1

Production and Distribution of Electricity, Gas and Water

63413.2

4.6

4737.1

17.1

3820.9

17.0

 Of which: State Owned & State-holding Enterprises

255888.5

2.1

14006.7

-5.7

10777.5

-12.3

Of which: Collective-owned Enterprises

7706.1

0.7

538.0

0.4

517.5

-2.4

        Joint-Stock Enterprises

745098.0

7.9

42962.8

1.6

40254.8

-0.2

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

254401.0

5.5

15971.8

9.5

15006.1

7.6

Of which: Private Enterprises

369554.1

9.2

22322.6

4.9

22692.9

4.2

 

 

 

 

 

 

 

 

 

Quality Performance Indicators of Industrial Enterprises

above Designated Size in 2014

 

 

Table II

Indicators

Main Business 

Income Brought by per Hundred yuan Assets

Main Business 

Income Margin

Costs of Revenue from Principal Business for per Hundred yuan

Turnover Days of Finished Goods

 (yuan)

(%)

(yuan)

(days)

 

 

 

 

 

Total

1094646.5

7.0

64715.3

3.3

Of which: Mining and Quarrying

64560.3

-3.1

6245.7

-23.0

Manufacturing

966673.0

7.9

53732.5

6.5

Production and Distribution of Electricity, Gas and Water

63413.2

4.6

4737.1

17.1

 Of which: State Owned & State-holding Enterprises

255888.5

2.1

14006.7

-5.7

Of which: Collective-owned Enterprises

7706.1

0.7

538.0

0.4

        Joint-Stock Enterprises

745098.0

7.9

42962.8

1.6

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

254401.0

5.5

15971.8

9.5

Of which: Private Enterprises

369554.1

9.2

22322.6

4.9

 

 

 

 

 

           

 

 

Key Financial Indicators of Industrial Enterprises

above Designated Size in 2014 (Group by Industries)

 

Table III

Indicators

Revenue from

Principal Business

Total Profits

Profits from Principal Business

Accumulated to December (100 million yuan)

Increase rate Y/Y

(%)

Accumulated to December (100 million yuan)

Increase rate Y/Y

(%)

Accumulated to December (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1094646.5

7.0

64715.3

3.3

60471.7

1.6

Mining and Washing of Coal

30045.9

-6.7

1268.5

-46.2

1090.3

-52.2

Extraction of Petroleum and Natural Gas

11556.0

-0.6

3162.0

-13.7

3179.8

-14.3

Mining of Ferrous Metal Ores

9402.9

-4.3

801.2

-23.9

753.2

-29.6

Mining of Non-Ferrous Metal Ores

6277.1

2.6

563.4

-10.7

569.9

-8.5

Mining And Processing of  Nonmetal Ores

5213.7

7.6

392.4

0.0

399.5

0.2

Processing of Food From Agricultural Products

63533.2

7.0

3069.9

-0.4

3026.3

-2.2

Manufacture of Foods

20261.7

12.2

1692.6

9.8

1631.8

9.7

Manufacture of Wines, Beverage and Refined Tea

16232.0

7.0

1603.1

-3.1

1490.7

-6.4

Manufacture of Cigarettes And Tobacco

8906.1

7.4

1215.8

0.2

1212.8

2.2

Manufacture of Textile

38091.3

7.0

2065.8

3.6

2017.8

2.1

Manufacture of Textile Wearing Apparel And Ornament

20769.8

8.0

1247.3

10.5

1210.4

11.4

Manufacture of  Leather, Fur, Feather Aad Its Products

13572.9

9.2

877.5

8.9

892.5

10.4

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

13143.4

10.9

826.9

3.6

832.9

4.5

Manufacture of Furniture

7187.4

10.9

441.9

12.5

427.7

11.6

Manufacture of  Paper and Paper Products

13513.6

6.4

699.0

-1.4

665.7

-3.2

Printing, Reproduction of Recording Media

6643.2

9.5

515.2

9.2

492.1

7.3

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

14635.5

12.4

806.9

13.4

796.7

15.0

Processing of Petroleum, Coking, Processing of Nucleus Fuel

40304.3

-0.6

97.3

-79.2

49.2

-89.6

Manufacture of Chemical Raw Material  and Chemical Products

82780.0

8.5

4146.8

1.7

3927.4

1.3

Manufacture of Medicines

23325.6

12.9

2322.2

12.1

2202.1

13.4

Manufacture of Chemical Fibres

7211.9

3.5

277.3

11.2

255.7

11.0

Manufacture of Rubber and Plastics Products

29569.9

8.0

1782.0

2.8

1766.7

3.1

Manufacture of Non-Metallic Mineral Products

56646.1

9.9

3924.6

3.9

3761.7

3.7

Manufacture and Processing of Ferrous Metals

75028.4

-0.4

1647.2

-2.7

1722.5

-5.8

Manufacture and Processing of Non-Ferrous Metals

50748.2

9.4

1490.0

2.5

1418.2

3.7

Manufacture of Fabricated Metal Products

35271.2

9.5

2005.2

7.9

2047.7

7.2

Manufacture of General-Purpose Machinery

46255.4

8.3

3018.5

6.5

2910.6

5.8

Manufacture of Special-Purpose Machinery

34783.9

7.1

2167.9

-0.6

1994.3

-2.9

Manufacture of Motor Vehicles

66677.0

12.3

5991.0

18.1

4918.8

17.2

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

15568.4

14.0

955.3

20.5

894.7

18.3

Manufacture of Electrical Machinery and Equipment

66578.8

8.8

3947.3

13.7

3727.4

12.8

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

84518.0

8.9

3868.3

17.1

3387.3

12.1

Manufacture of Measuring Instrument and Meter

8185.7

11.0

686.7

9.7

633.3

7.9

Production and Supply of Electric Power and Heat Power

56846.5

3.2

4229.4

19.1

3449.6

18.4

Production and Distribution of Gas

4928.8

21.4

389.4

4.1

316.1

0.0

Production and Distribution of Water

1638.0

9.4

118.3

-2.2

55.1

53.5

 

 

 

 

 

 

 

 

 

Annotations:

 

1. 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).

 

Profits from Principal Business = Revenue from principal business – Cost of principal business – Tax and extra charges of principal business – Selling expenses – Administrative expenses – Financial expenses

 

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

 

Main Business Cost: refers to the total costs of enterprises incurred by 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.

 

Main Business Income Margin = Total profits / Revenue from principal business × 100%, unit: %.

 

Costs of Revenue from Principal Business for per Hundred yuan = The cost of revenue from principal business / The revenue from principal business ×100, unit: yuan.

 

Main Business Income Brought by per Hundred yuan Assets =  Main business income / Average assets × 12 ÷ The cumulative number of months × 100, unit: yuan.

 

Turnover Days of Finished Goods = 360 × Average finished goods / Main business cost ÷ 12 × The cumulative number of months, unit: days.

 

As the range of industrial enterprises above designated size changes every year, in order to ensure that the data of this year is comparable with that of last year, when calculating the year-on-year growth rate and growth amount of indicators, the statistical coverage of data in the same period is consistent with that of the current period, while is different with the data released last year.

 

2. Statistical Coverage

 

Since 2011, 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).

 

4. Standard Industrial Classification

 

Since 2012, the new Industrial Classification for National Economic Activities (GB/T 4754-2011) was implemented by NBS, the industrial divisions were expanded to 41 from 39, please refer to http://www.stats.gov.cn/tjsj/tjbz/hyflbz.