Industrial Profits Decreased from January to September
From January to September, the industrial profits of enterprises above designated size achieved 4,303.24 billion yuan, a year-on-year decrease of 1.7 percent, and the pace of decline narrowed by 0.2 percentage points over the first eight months of 2015.
In September, the industrial profits of enterprises above designated size achieved 535.78 billion yuan, a year-on-year decrease of 0.1 percent, and the pace of decline expanded by 8.7 percentage points over August.
From January to September, the profits of state-holding industrial enterprises above designated size gained 833.96 billion yuan, decreased by 24.4 percent year-on-year; that of collective-owned enterprises reached 34.42 billion yuan, an decrease of 1.5 percent; that of joint-stock enterprises stood at 2,885.08 billion yuan, down by 1.1 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,068.4 billion yuan, increased by 0.2 percent; and that of private enterprises gained 1,529.77 billion yuan, an increase of 7.1 percent.
From January to September, the profits of mining and quarrying gained 208.23 billion yuan, decreased by 55.5 percent year-on-year; that of manufacturing was 3,693.44 billion yuan, an increase of 4.1 percent; that of production and distribution of electricity, gas and water reached 401.57 billion yuan, up by 11.7 percent.
From January to September, within 41 branches of industrial divisions, the industrial profits of 30 industrial divisions increased year-on-year, and that of 11 decreased. In view of the profit growth of major industries, the profits of processing of food from agricultural products increased by 12.7 percent year-on-year, that of manufacture of textile up by 7.8 percent, that of processing of petroleum, coking, processing of nucleus fuel up by 53.4 percent, that of manufacture of chemical raw material and chemical products increased 10.1 percent, that of manufacture of general-purpose machinery increased by 0.7 percent, that of manufacture of electrical machinery and equipment increased by 12.7 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 13.5 percent, that of production and supply of electric power and heat power up by 12.3 percent, that of mining and washing of coal decreased by 64.4 percent, that of extraction of petroleum and natural gas decreased by 66.1 percent, that of manufacture of non-metallic mineral products decreased by 8.1 percent, that of manufacture and processing of ferrous metals decreased by 60.5 percent, that of manufacture and processing of non-ferrous metals increased by 1.9 percent, that of manufacture of special-purpose machinery down by 5 percent, that of manufacture of motor vehicles decreased by 4.4 percent.
From January to September, the revenue from principal business of enterprises above designated reached 79708.86 billion yuan, increased by 1.2 percent year-on-year. The main business cost was 68,641.12 billion yuan, up by 1.3 percent.
By the end of September, the total assets of industrial enterprises above designated size was 97,129.07 billion yuan, increased by 7.3 percent year-on-year; the total liabilities reached 55,191.44 billion yuan, increased by 5.4 percent; the total owners' equity was 41,937.63 billion yuan, increased by 9.9 percent.
By the end of September, the total volume of receivable accounts for industrial enterprises above designated hit 11,239.54 billion yuan, went up by 8 percent year-on-year. The total value of finished products for industrial enterprises accounted for 3,893.23 billion yuan, went up by 4.9 percent.
From January to September, the profit margin from principal business of industrial enterprises above designated size hit 5.4 percent, the cost of revenue from principal business for per hundred yuan stood at 86.11 yuan, the revenue from principal business brought by per hundred yuan assets was 113.3 yuan, the revenue from principal business per capita was 1.145 million yuan, the turnover days of finished goods were 14.7 days, and the days sales outstanding hit an average of 36 days. By the end of September, the asset-liability ratio reached 56.8 percent.
| Key Financial Indicators of Industrial Enterprises above Designated Size from January to September | ||||
| Table I | ||||
| Indicators | Revenue from Principal Business | Total Profits | ||
| Jan-Sep (100 million yuan) | Increase rate Y/Y (%) | Jan-Sep (100 million yuan) | Increase rate Y/Y (%) | |
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| Total | 797088.6 | 1.2 | 43032.4 | -1.7 |
| Of which: Mining and Quarrying | 39394.6 | -15.7 | 2082.3 | -55.5 |
| Manufacturing | 711057.6 | 2.3 | 36934.4 | 4.1 |
| Production and Distribution of Electricity, Gas and Water | 46636.4 | 0.4 | 4015.7 | 11.7 |
| Of which: State-holding Enterprises | 172975.0 | -8.1 | 8339.6 | -24.4 |
| Of which: Collective-owned Enterprises | 5173.3 | -2.7 | 344.2 | -1.5 |
| Joint-Stock Enterprises | 554970.1 | 2.4 | 28850.8 | -1.1 |
| Enterprises with Funds From Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises | 181472.6 | -0.8 | 10684.0 | 0.2 |
| Of which: Private Enterprises | 277537.2 | 5.3 | 15297.7 | 7.1 |
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| Quality Performance Indicators of Industrial Enterprises above Designated Size from January to September
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| Table II | ||||||||
| Indicators | Profit Margin From Principal Business | Costs of Revenue from Principal Business for per Hundred yuan | Revenue from Principal Business Brought by per Hundred yuan Assets | Revenue from Principal Business per Capita | Asset-Liability Ratio | Turnover Days of Finished Goods | Days Sales Outstanding | |
| (%) | (yuan) | (yuan) | 10 thousand yuan/ person | (%) | (days) | (days) | ||
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| Total | 5.40 | 86.11 | 113.3 | 114.5 | 56.8 | 14.7 | 36.0 | |
| Of which: Mining and Quarrying | 5.29 | 82.51 | 56.3 | 74.5 | 59.6 | 14.5 | 38.5 | |
| Manufacturing | 5.19 | 86.26 | 133.0 | 115.1 | 55.7 | 15.6 | 36.8 | |
| Production and Distribution of Electricity, Gas and Water | 8.61 | 86.87 | 47.2 | 184.3 | 61.1 | 0.6 | 21.6 | |
| Of which: State-holding Enterprises | 4.82 | 82.86 | 62.6 | 138.1 | 61.2 | 17.4 | 39.2 | |
| Of which: Collective-owned Enterprises | 6.65 | 85.16 | 139.5 | 101.3 | 61.1 | 14.0 | 27.5 | |
| Joint-Stock Enterprises | 5.20 | 86.22 | 114.1 | 117.0 | 57.9 | 15.0 | 32.6 | |
| Enterprises with Funds From Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises | 5.89 | 85.68 | 123.1 | 103.9 | 54.8 | 15.2 | 51.0 | |
| Of which: Private Enterprises | 5.51 | 87.83 | 183.3 | 113.1 | 52.3 | 11.9 | 25.5 | |
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| Key Financial Indicators of Industrial Enterprises above Designated Size from January to September (Group by Industries)
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| Table III | ||||
| Indicators | Revenue from Principal Business | Total Profits | ||
| Jan-Sep (100 million yuan) | Increase rate Y/Y (%) | Jan-Sep (100 million yuan) | Increase rate Y/Y (%) | |
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| Total | 797088.6 | 1.2 | 43032.4 | -1.7 |
| Mining and Washing of Coal | 18504.2 | -14.4 | 287.2 | -64.4 |
| Extraction of Petroleum and Natural Gas | 5927.2 | -32.2 | 889.9 | -66.1 |
| Mining of Ferrous Metal Ores | 5510.8 | -19.4 | 316.8 | -42.3 |
| Mining of Non-Ferrous Metal Ores | 4414.0 | 0.2 | 315.3 | -20.3 |
| Mining And Processing of Nonmetal Ores | 3907.3 | 5.3 | 268.3 | 5.8 |
| Mining Support Service Activities | 1113.1 | -19.9 | 3.6 | -92.3 |
| Mining of Other Ores N.E.C | 18.1 | 1.1 | 1.2 | 20.0 |
| Processing of Food From Agricultural Products | 46379.2 | 4.3 | 2083.4 | 12.7 |
| Manufacture of Foods | 15582.3 | 6.5 | 1244.0 | 11.8 |
| Manufacture of Wines, Beverage and Refined Tea | 12659.1 | 6.7 | 1260.9 | 10.6 |
| Manufacture of Cigarettes And Tobacco | 7249.0 | 3.2 | 1022.8 | -1.5 |
| Manufacture of Textile | 28830.0 | 5.7 | 1430.4 | 7.8 |
| Manufacture of Textile Wearing Apparel And Ornament | 15652.1 | 5.7 | 859.1 | 7.3 |
| Manufacture of Leather, Fur, Feather Aad Its Products | 10554.5 | 6.3 | 640.7 | 6.0 |
| Processing of Timbers, Manufacture of Wood, Bamboo, Rattan, Palm, and Straw Products | 10055.5 | 7.0 | 574.2 | 6.8 |
| Manufacture of Furniture | 5561.9 | 9.2 | 322.6 | 18.6 |
| Manufacture of Paper and Paper Products | 10087.2 | 3.5 | 483.8 | 8.6 |
| Printing, Reproduction of Recording Media | 5093.8 | 7.8 | 361.3 | 4.8 |
| Manufacture of Articles for Culture, Education, Artwork, Sport and Entertainment Activity | 11066.3 | 7.1 | 560.2 | 10.6 |
| Processing of Petroleum, Coking, Processing of Nucleus Fuel | 25414.3 | -17.2 | 301.2 | 53.4 |
| Manufacture of Chemical Raw Material and Chemical Products | 61115.7 | 3.3 | 3037.1 | 10.1 |
| Manufacture of Medicines | 18134.1 | 9.0 | 1816.2 | 13.6 |
| Manufacture of Chemical Fibres | 5314.9 | 1.2 | 207.1 | 35.1 |
| Manufacture of Rubber and Plastics Products | 22493.1 | 5.5 | 1285.5 | 6.8 |
| Manufacture of Non-Metallic Mineral Products | 42392.6 | 3.7 | 2428.0 | -8.1 |
| Manufacture and Processing of Ferrous Metals | 48451.3 | -12.2 | 344.5 | -60.5 |
| Manufacture and Processing of Non-Ferrous Metals | 37125.2 | 2.6 | 843.7 | -1.9 |
| Manufacture of Fabricated Metal Products | 26574.3 | 5.4 | 1348.4 | 8.8 |
| Manufacture of General-Purpose Machinery | 34128.5 | 1.2 | 2106.3 | 0.7 |
| Manufacture of Special-Purpose Machinery | 25432.0 | 3.3 | 1378.1 | -5.0 |
| Manufacture of Motor Vehicles | 49326.9 | 2.2 | 4083.8 | -4.4 |
| Manufacture of Railway Locomotives, Building of Ships and Boats, Manufacture of Air and Spacecrafts and Other Transportation Equipments | 11409.4 | 6.1 | 648.0 | 3.6 |
| Manufacture of Electrical Machinery and Equipment | 49696.7 | 4.8 | 2824.5 | 12.7 |
| Manufacture of Computer, Communication Equipment and Other Electronic Equipment | 64177.6 | 7.3 | 2723.3 | 13.5 |
| Manufacture of Measuring Instrument and Meter | 6162.7 | 6.9 | 467.2 | 4.8 |
| Other Manufacturing | 1675.7 | 7.6 | 98.3 | 18.4 |
| Waste Recycling and Recovery | 2643.6 | 2.5 | 121.5 | 35.8 |
| Repair of Fabricated Metal Products, Machinery and Equipment | 618.2 | 12.0 | 28.5 | 27.2 |
| Production and Supply of Electric Power and Heat Power | 41307.2 | -0.5 | 3616.6 | 12.3 |
| Production and Distribution of Gas | 4011.8 | 8.8 | 294.8 | 0.9 |
| Production and Distribution of Water | 1317.3 | 8.5 | 104.3 | 24.0 |
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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).
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
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.