Industrial Profits Increased in the First Five Months of 2016
National Bureau of Statistics of China2016-06-29 14:15




In the first five months of 2016, the profits made by industrial enterprises above the designated size achieved 2,381.64 billion yuan, a year-on-year increase of 6.4 percent, and the growth rate was down by 0.1 percentage point over the first four months.

 

In the first five months, the profits of state-holding industrial enterprises above the designated size gained 429.02 billion yuan, decreased by 7.3 percent year-on-year; that of collective-owned enterprises reached 17.78 billion yuan, a decrease of 2.0 percent; that of joint-stock enterprises stood at 1,599.29 billion yuan, up by 7.6 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 608.29 billion yuan, increased by 6.0 percent; and that of private enterprises gained 848.89 billion yuan, an increase of 9.4 percent.

 

In the first five months, the profits of mining and quarrying reached 6.66 billion yuan, a decrease of 93.8 percent year-on-year; that of manufacturing was 2,163.26 billion yuan, an increase of 12.5 percent; that of production and distribution of electricity, heat, gas and water reached 211.72 billion yuan, up by 1.3 percent.

 

In the first five months, within 41 branches of industrial divisions, the industrial profits of 32 industrial divisions increased year-on-year, that of 1 remained at the same level, and that of 8 decreased. In view of the profit growth of major industries, the profits of processing of food from agricultural products increased by 11.7 percent year-on-year, that of manufacture of textile up by 6.9 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 3 times, that of manufacture of chemical raw material and chemical products increased by 14.7 percent, that of manufacture of non-metallic mineral products increased by 4.1 percent, that of manufacture and processing of ferrous metals increased by 74.8 percent, that of manufacture and processing of non-ferrous metals increased by 13.4 percent, that of manufacture of general-purpose machinery up by 2.0 percent, that of manufacture of special-purpose machinery up by 2.3 percent, that of manufacture of motor vehicles increased by 8.9 percent, that of manufacture of electrical machinery and equipment increased by 18.4 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 13.5 percent, that of mining and washing of coal decreased by 73.4 percent, that of production and supply of electric power and heat power down by 0.1 percent, extraction of petroleum and natural gas turned profits in the same period into losses.

 

In the first five months, the revenue from principal activities of industrial enterprises above the designated size reached 42,628.56 billion yuan, increased by 2.9 percent year-on-year. The costs of principal activities were 36,545.8 billion yuan, up by 2.7 percent. The profit rate of revenue from principal activities was 5.59 percent.

 

By the end of May, the total assets of industrial enterprises above the designated size was 98,565.87 billion yuan, increased by 5.8 percent year-on-year; the total liabilities reached 55,958.74 billion yuan, increased by 4.9 percent; the total owners' equity was 42,607.13 billion yuan, increased by 7.1 percent. The asset-liability ratio was 56.8 percent.

 

By the end of May, the total volume of receivable accounts for industrial enterprises above designated hit 11,467.38 billion yuan, went up by 8.6 percent year-on-year. The total value of finished products for industrial enterprises accounted for 3,695.47 billion yuan, decreased by 1.1 percent.

 

In the first five months, the costs for per-hundred-yuan turnover of principal activities stood at 85.73 yuan, the revenue from principal activities brought by per hundred yuan assets was 105.3 yuan, the revenue from principal activities per capita was 1146 thousand yuan, the turnover days of finished goods were 14.9 days, and the days sales outstanding hit an average of 39.1 days.

 

In May, the profits made by industrial enterprises above the designated size achieved 537.22 billion yuan, a year-on-year increase of 3.7 percent, and the growth rate decreased by 0.5 percentage points over April.

 

 

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Five Months of 2016

Table I

Indicators

Revenue from

Principal Activities

Total Profits

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

426285.6

2.9

23816.4

6.4

Of which: Mining and Quarrying

17769.4

-11.6

66.6

-93.8

Manufacturing

384132.1

4.0

21632.6

12.5

Production and Distribution of Electricity, Heat, Gas and Water

24384.1

-1.6

2117.2

1.3

 Of which: State-holding Enterprises

88054.9

-5.3

4290.2

-7.3

Of which: Collective-owned Enterprises

2619.3

0.8

177.8

-2.0

        Joint-Stock Enterprises

298871.4

4.1

15992.9

7.6

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

96168.0

-0.1

6082.9

6.0

Of which: Private Enterprises

149662.5

7.0

8488.9

9.4

 

 

 

 

 

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 Five 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

5.59

85.73

105.3

114.6

56.8

14.9

39.1

Of which: Mining and Quarrying

0.37

86.43

45.6

67.0

62.1

15.3

45.4

Manufacturing

5.63

85.66

125.2

115.7

55.3

15.8

39.7

Production and Distribution of Electricity, Heat, Gas and Water

8.68

86.31

41.3

179.5

61.2

0.6

24.9

 Of which: State-holding Enterprises

4.87

82.25

55.0

133.6

61.8

18.0

45.5

Of which: Collective-owned Enterprises

6.79

84.95

128.3

106.4

62.0

15.9

24.4

        Joint-Stock Enterprises

5.35

85.90

104.5

115.9

57.8

15.4

36.4

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

6.33

85.06

118.0

106.9

54.1

15.3

53.4

Of which: Private Enterprises

5.67

87.57

173.5

112.9

52.3

12.2

27.4

 

 

 

 

 

 

 

 

                 

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

Revenue from

Principal Activities

Total Profits

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

426285.6

2.9

23816.4

6.4

Mining and Washing of Coal

8267.4

-13.5

35.0

-73.4

Extraction of Petroleum and Natural Gas

2332.5

-27.2

-376.8

-175.8

Mining of Ferrous Metal Ores

2431.1

-9.9

134.7

-10.0

Mining of Non-Ferrous Metal Ores

2250.5

3.2

156.9

-4.9

Mining And Processing of Nonmetal Ores

2006.6

5.4

135.6

4.6

Mining Support Service Activities

472.1

-13.9

-19.5

(注)

Mining of Other Ores N.E.C

9.3

22.4

0.7

0.0

Processing of Food From Agricultural Products

25008.6

5.7

1179.6

11.7

Manufacture of Foods

8817.7

7.8

755.6

15.1

Manufacture of Wines, Beverage and Refined Tea

7032.1

5.6

707.2

3.0

Manufacture of Cigarettes And Tobacco

3761.0

-11.7

466.7

-24.0

Manufacture of Textile

15147.4

4.9

748.6

6.9

Manufacture of Textile Wearing Apparel And Ornament

8597.7

6.3

476.3

7.3

Manufacture of  Leather, Fur, Feather Aad Its Products

5616.7

5.5

328.1

4.9

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

5227.1

6.5

307.1

8.7

Manufacture of Furniture

3080.3

9.1

188.0

19.2

Manufacture of  Paper and Paper Products

5627.7

6.1

275.7

10.5

Printing, Reproduction of Recording Media

2767.3

4.6

195.3

6.4

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

6036.9

5.9

316.4

10.5

Processing of Petroleum, Coking, Processing of Nucleus Fuel

13012.9

-7.6

677.0

303.9

Manufacture of Chemical Raw Material  and Chemical Products

33177.2

4.2

1832.6

14.7

Manufacture of Medicines

10400.0

10.3

1079.7

15.2

Manufacture of Chemical Fibres

2822.7

1.0

102.9

-7.5

Manufacture of Rubber and Plastics Products

12195.4

5.2

744.6

12.4

Manufacture of Non-Metallic Mineral Products

22097.0

4.7

1299.8

4.1

Manufacture and Processing of Ferrous Metals

24181.6

-7.5

558.6

74.8

Manufacture and Processing of Non-Ferrous Metals

19823.2

2.5

530.5

13.4

Manufacture of Fabricated Metal Products

14000.5

4.7

735.8

9.5

Manufacture of General-Purpose Machinery

17719.1

2.6

1059.4

2.0

Manufacture of Special-Purpose Machinery

13723.3

5.2

747.0

2.3

Manufacture of Motor Vehicles

30113.3

9.3

2569.5

8.9

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

5958.0

2.4

337.0

6.1

Manufacture of Electrical Machinery and Equipment

26997.5

7.6

1573.4

18.4

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

35150.4

5.4

1479.0

13.5

Manufacture of Measuring Instrument and Meter

3297.7

7.0

232.9

8.4

Other Manufacturing

933.6

8.0

54.8

13.2

Waste Recycling and Recovery

1457.1

6.8

58.9

8.3

Repair of  Fabricated Metal Products, Machinery and Equipment

351.0

17.6

14.7

21.5

Production and Supply of Electric Power and Heat Power

21185.5

-2.3

1861.6

-0.1

Production and Distribution of Gas

2433.1

1.9

206.4

13.5

Production and Distribution of Water

765.5

9.0

49.3

9.6

 

 

 

 

 

Note: The losses of mining support service activities reached 0.48 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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