Industrial Profits Increased in 2014
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 (%) | |
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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 |
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Quality Performance Indicators of Industrial Enterprises above Designated Size in 2014
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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) | ||
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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 | |
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Key Financial Indicators of Industrial Enterprises above Designated Size in 2014 (Group by Industries)
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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 (%) | |
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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 |
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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.