Industrial Profits Increased in the First Three Months of 2016
National Bureau of Statistics of China2016-04-27 16:14




In the first three months of 2016, the profits made by industrial enterprises above the designated size achieved 1,342.15 billion yuan, a year-on-year increase of 7.4 percent, and the growth rate was up by 2.6 percentage points over the first two months.

 

In March, the profits made by industrial enterprises above the designated size achieved 561.24 billion yuan, a year-on-year increase of 11.1 percent.

 

In the first three months, the profits of state-holding industrial enterprises above the designated size gained 235.81 billion yuan, decreased by 5.7 percent year-on-year; that of collective-owned enterprises reached 9.94 billion yuan, a decrease of 1.4 percent; that of joint-stock enterprises stood at 896.56 billion yuan, up by 8.4 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 344.2 billion yuan, increased by 8.9 percent; and that of private enterprises gained 485.05 billion yuan, an increase of 7.7 percent.

 

In the first three months, the losses of mining and quarrying reached 5.41 billion yuan, while it gained 63.35 billion yuan profits in the same period last year ; the profits of manufacturing was 1,219.99 billion yuan, an increase of 14.6 percent year-on-year; that of production and distribution of electricity, heat, gas and water reached 127.57 billion yuan, up by 4.6 percent.

 

In the first three months, within 41 branches of industrial divisions, the industrial profits of 31 industrial divisions increased year-on-year, and that of 10 decreased. In view of the profit growth of major industries, the profits of processing of food from agricultural products increased by 12.1 percent year-on-year, that of manufacture of textile up by 6.7 percent, that of manufacture of chemical raw material and chemical products increased by 20.8 percent, that of manufacture of general-purpose machinery up by 1.3 percent, that of manufacture of special-purpose machinery up by 8.4 percent, that of manufacture of motor vehicles increased by 8.6 percent, that of manufacture of electrical machinery and equipment increased by 18.0 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 35.9 percent, that of production and supply of electric power and heat power up by 3.5 percent, processing of petroleum, coking, processing of nucleus fuel turned losses in the same period into profits, the profits of mining and washing of coal decreased by 92.6 percent, that of manufacture of non-metallic mineral products decreased by 0.2 percent, that of manufacture and processing of ferrous metals decreased by 15.8 percent, that of manufacture and processing of non-ferrous metals decreased by 4.3 percent, extraction of petroleum and natural gas turned profits in the same period into losses.

 

In the first three months, the revenue from principal activities of industrial enterprises above the designated size reached 24,665.96 billion yuan, increased by 2.4 percent year-on-year. The costs of principal activities were 21,055.28 billion yuan, up by 2.0 percent.

 

By the end of March, the total assets of industrial enterprises above the designated size was 96,984.04 billion yuan, increased by 5.7 percent year-on-year; the total liabilities reached 55,220.32 billion yuan, increased by 5.2 percent; the total owners' equity was 41,763.72 billion yuan, increased by 6.4 percent.

 

By the end of March, the total volume of receivable accounts for industrial enterprises above designated hit 11,031.9 billion yuan, went up by 8.3 percent year-on-year. The total value of finished products for industrial enterprises accounted for 3,632.97 billion yuan, kept at the same level over the same period last year.

 

In the first three months, the profit rate of revenue from principal activities of industrial enterprises above the designated size hit 5.44 percent, the costs for per-hundred-yuan turnover of principal activities stood at 85.36 yuan, the revenue from principal activities brought by per hundred yuan assets was 102.4 yuan, the revenue from principal activities per capita was 1106 thousand yuan, the turnover days of finished goods were 15.4 days, and the days sales outstanding hit an average of 39.8 days. By the end of March, the asset-liability ratio reached 56.9 percent.

 

 

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Three Months of 2016

Table I

Indicators

Revenue from

Principal Activities

Total Profits

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

246659.6

2.4

13421.5

7.4

Of which: Mining and Quarrying

10195.7

-14.4

-54.1

-108.5

Manufacturing

221680.8

3.5

12199.9

14.6

Production and Distribution of Electricity, Heat, Gas and Water

14783.1

-1.1

1275.7

4.6

 Of which: State-holding Enterprises

51876.8

-5.6

2358.1

-5.7

Of which: Collective-owned Enterprises

1492.9

-2.6

99.4

-1.4

        Joint-Stock Enterprises

172116.4

3.5

8965.6

8.4

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

56283.2

-0.3

3442.0

8.9

Of which: Private Enterprises

85755.7

6.1

4850.5

7.7

 

 

 

 

 

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

  

 

Quality Performance Indicators of Industrial Enterprises

above the Designated Size in the First Three Months of 2016

 

 

Table II

Indicators

Profit Rate of Revenue from Principal Activities

Costs for per-hundred-yuan Turnover of Principal Activities

Revenue from Principal Activities Brought by per Hundred yuan Assets

Revenue from Principal Activities per Capita

Asset-Liability Ratio

Turnover Days of Finished Goods

Days Sales Outstanding

(%)

(yuan)

(yuan)

10 thousand yuan/ person

(%)

(days)

(days)

 

 

 

 

 

 

 

 

Total

5.44

85.36

102.4

110.6

56.9

15.4

39.8

Of which: Mining and Quarrying

-0.53

86.66

43.7

63.6

61.8

15.9

47.5

Manufacturing

5.50

85.25

121.5

111.5

55.5

16.4

40.5

Production and Distribution of Electricity, Heat, Gas and Water

8.63

86.19

42.1

180.3

61.3

0.6

24.1

 Of which: State-holding Enterprises

4.55

81.26

54.3

130.2

61.7

18.5

45.3

Of which: Collective-owned Enterprises

6.66

84.72

123.6

101.6

61.7

16.9

25.2

        Joint-Stock Enterprises

5.21

85.59

101.2

111.5

58.1

15.9

37.1

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

6.12

85.05

115.8

104.1

53.9

15.7

53.9

Of which: Private Enterprises

5.66

87.32

167.7

108.2

52.8

12.6

28.1

 

 

 

 

 

 

 

 

                 

  

Key Financial Indicators of Industrial Enterprises above the

Designated Size in the First Three Months of 2016 (Group by Industries)

 

Table III

Indicators

Revenue from

Principal Activities

Total Profits

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

246659.6

2.4

13421.5

7.4

Mining and Washing of Coal

4836.9

-15.8

7.5

-92.6

Extraction of Petroleum and Natural Gas

1306.9

-30.9

-285.9

-202.0

Mining of Ferrous Metal Ores

1353.8

-14.7

73.4

-14.4

Mining of Non-Ferrous Metal Ores

1275.5

1.4

87.4

-6.7

Mining And Processing of Nonmetal Ores

1148.3

4.0

79.2

4.1

Mining Support Service Activities

269.4

-16.4

-16.2

(注1

Mining of Other Ores N.E.C

4.9

8.9

0.5

25.0

Processing of Food From Agricultural Products

14773.4

5.1

710.6

12.1

Manufacture of Foods

5268.0

7.5

460.4

17.5

Manufacture of Wines, Beverage and Refined Tea

4266.0

6.7

473.8

12.0

Manufacture of Cigarettes And Tobacco

2522.3

-11.1

350.7

-17.0

Manufacture of Textile

8765.0

5.1

425.6

6.7

Manufacture of Textile Wearing Apparel And Ornament

4926.5

6.7

275.9

6.9

Manufacture of  Leather, Fur, Feather Aad Its Products

3231.3

6.0

197.4

7.3

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

2957.1

5.6

178.1

7.9

Manufacture of Furniture

1779.9

8.7

106.7

15.4

Manufacture of  Paper and Paper Products

3298.9

6.2

157.2

12.8

Printing, Reproduction of Recording Media

1617.5

5.8

111.5

10.1

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

3509.2

7.0

182.4

10.8

Processing of Petroleum, Coking, Processing of Nucleus Fuel

7587.7

-4.5

365.6

(注2

Manufacture of Chemical Raw Material  and Chemical Products

18962.9

3.8

1014.4

20.8

Manufacture of Medicines

6100.3

10.1

632.6

14.2

Manufacture of Chemical Fibres

1575.9

0.5

52.2

1.8

Manufacture of Rubber and Plastics Products

6969.9

5.9

410.2

13.6

Manufacture of Non-Metallic Mineral Products

12281.6

3.6

680.9

-0.2

Manufacture and Processing of Ferrous Metals

13715.3

-10.7

152.6

-15.8

Manufacture and Processing of Non-Ferrous Metals

11153.6

2.2

251.4

-4.3

Manufacture of Fabricated Metal Products

7995.0

3.4

404.4

6.2

Manufacture of General-Purpose Machinery

10189.0

1.8

577.9

1.3

Manufacture of Special-Purpose Machinery

7873.0

5.8

434.9

8.4

Manufacture of Motor Vehicles

17725.8

9.2

1447.5

8.6

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

3478.3

1.8

187.3

0.1

Manufacture of Electrical Machinery and Equipment

15392.2

6.8

861.4

18.0

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

20345.2

4.3

903.2

35.9

Manufacture of Measuring Instrument and Meter

1863.2

6.3

122.3

7.7

Other Manufacturing

539.5

10.3

31.3

25.7

Waste Recycling and Recovery

811.3

6.7

33.3

29.6

Repair of  Fabricated Metal Products, Machinery and Equipment

205.8

21.0

6.4

30.6

Production and Supply of Electric Power and Heat Power

12804.3

-1.8

1124.9

3.5

Production and Distribution of Gas

1537.7

2.0

134.7

21.2

Production and Distribution of Water

441.0

8.7

16.2

-25.3

 

 

 

 

 

Note: 1. The losses of mining support service activities reached 0.39 billion yuan in the same period last year.

2. The losses of processing of petroleum, coking, processing of nucleus fuel reached 9.94 billion yuan in the same period last year.

 

 

Annotations:

 

1. Explanatory Notes:

 

Total Profits: refer to the surplus of various revenue deducting various costs in the production process of  enterprises, reflecting the total profit and loss in the report period.

 

Revenue from Principal Activities: refers to total revenue of enterprises gained from principal business operation.

 

Costs of Principal Activities: 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 Rate of Revenue from Principal Activities = total profits / revenue from principal activities × 100%, unit: %.

 

Costs for per-hundred-yuan Turnover of Principal Activities = the costs of revenue from principal activities / the revenue from principal activities ×100, unit: yuan.

 

Revenue from Principal Activities  Brought by per Hundred yuan Assets =  the revenue from principal activities / average assets / the cumulative number of months × 12 × 100, unit: yuan.

 

Revenue from Principal Activities per Capita = revenue from principal activities / 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 / costs of principal activities × 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 activities ×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 profits remain at the same level year-on-year.

 

As the range of industrial enterprises above the 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 the designated size, which refer to industrial enterprises with revenue from principal activities over 20 million yuan

 

3. Data Collection

 

The Financial Report of Enterprises Above the 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.

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