Industrial Profits Decreased from January to April

From January to April, the industrial profits of enterprises above designated size achieved 1,734.13 billion yuan, a year-on-year decrease of 1.3 percent, and the pace of decline narrowed by 1.4 percentage points over the first three months of 2015.

In April, the industrial profits of enterprises above designated size achieved 479.5 billion yuan, a year-on-year increase of 2.6 percent, while that in March was down by 0.4 percent.

From January to April, the profits of state-holding industrial enterprises above designated size gained 352.53 billion yuan, decreased by 24.7 percent year-on-year; that of collective-owned enterprises reached 14.42 billion yuan, a decrease of 1.5 percent; that of joint-stock enterprises stood at 1,114.94 billion yuan, down by 3.4 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 448.44 billion yuan, increased by 6.4 percent; and that of private enterprises gained 610.54 billion yuan, an increase of 6.1 percent.

From January to April, the profits of mining and quarrying gained 86.46 billion yuan, decreased by 60.7 percent year-on-year; that of manufacturing was 1,482.21 billion yuan, an increase of 6.2 percent; that of production and distribution of electricity, gas and water reached 165.46 billion yuan, up by 17.3 percent.

From January to April, within 41 branches of industrial divisions, the industrial profits of 30 industrial divisions increased year-on-year, that of 10 decreased, and that of 1 turned gain into loss. In view of the profit growth of major industries, the profits of processing of food from agricultural products increased by 9.7 percent year-on-year, that of manufacture of textile up by 6.6 percent, that of manufacture of chemical raw material and chemical products increased 10.5 percent, that of manufacture and processing of non-ferrous metals increased by 32.4 percent, that of manufacture of electrical machinery and equipment increased by 5.7 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 23.3 percent, that of production and supply of electric power and heat power up by 17.5 percent, that of mining and washing of coal decreased by 61.6 percent, that of extraction of petroleum and natural gas decreased by 71.7 percent, that of processing of petroleum, coking, processing of nucleus fuel down by 99.9 percent, that of manufacture of non-metallic mineral products decreased by 4.4 percent, that of manufacture and processing of ferrous metals decreased by 2.6 percent, that of manufacture of general-purpose machinery down by 1.1 percent, that of manufacture of special-purpose machinery down by 0.9 percent, that of manufacture of motor vehicles decreased by 0.5 percent.

From January to April, the revenue from principal business of enterprises above designated reached 32,922.79 billion yuan, increased by 1.6 percent year-on-year. The main business cost was 28,280.1 billion yuan, up by 1.7 percent.

By the end of April, the total assets of industrial enterprises above designated size was 92,330.77 billion yuan, increased by 7.9 percent year-on-year; the total liabilities reached 52,866.46 billion yuan, increased by 6.0 percent; the total owners' equity was 39,464.31 billion yuan, increased 10.7 percent.

By the end of April, the total volume of receivable accounts for industrial enterprises above designated hit 10,342.51 billion yuan, went up by 8.6 percent year-on-year. The total value of finished products for industrial enterprises accounted for 3,716.05 billion yuan, went up by 7.0 percent.

From January to April, the profit margin from principal business of industrial enterprises above designated size hit 5.27 percent, the cost of revenue from principal business for per hundred yuan stood at 85.9 yuan, the revenue from principal business brought by per hundred yuan assets was 108.1 yuan, the revenue from principal business per capita was 1078 thousand yuan, the turnover days of finished goods were 15.4 days, and the days sales outstanding hit an average of 37.1 days. By the end of April, the asset-liability ratio reached 57.3 percent.

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

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).

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.

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.

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

Total Owners' Equity: refers to the residual interests after deducting liabilities, which belongs to the enterprises owners.

Accounts Receivable: refers to the creditor's rights due to the sale of goods, services, and other business activities, including the payment for goods, value-added tax, prepay freight and miscellaneous charges, to be collected from the customers.

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

Profit Margin From Principal Business = 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 / the cumulative number of months × 12 × 100, unit: yuan.

Revenue from Principal Business per Capita = Revenue from Principal Business / Average Number of Employment / the cumulative number of months × 12, unit: 10 thousand yuan/ person.

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

Turnover Days of Finished Goods = 360 × average finished goods / main business cost × the cumulative number of months / 12, unit: days.

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

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 profit remains at the same level year-on-year.

State-holding enterprises refer to original state-owned and state-holding enterprises.

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

Industrial enterprises above designated size, which refer to industrial enterprises with revenue from principal business over 20 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. Industrial Classification Standard

The Industrial Classification for National Economic Activities (GB/T 4754-2011) was implemented, please refer to http://www.stats.gov.cn/tjsj/tjbz/hyflbz.

5. As the production and operation mode has been innovated continuously, and more diversification appears in enterprise management, it is more difficult to separate and calculate the financial data related to principal business, according to the current accounting standards. Therefore, since 2015, data of profit from principal business will not be released monthly, and the annual data will be calculated and released all at once at the end of the year.