Industrial Profits Increased in the First Two Months of 2017
National Bureau of Statistics of China2017-03-27 16:33




In the first two months of 2017, the profits made by industrial enterprises above the designated size achieved 1,015.68 billion yuan, a year-on-year increase of 31.5 percent.

 

In the first two months, the profits of state-holding industrial enterprises above the designated size gained 233.63 billion yuan, doubled year-on-year; that of collective-owned enterprises reached 6.85 billion yuan, an increase of 9.6 percent; that of joint-stock enterprises stood at 697.67 billion yuan, up by 33.6 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 245.21 billion yuan, increased by 29.8 percent; and that of private enterprises gained 352.23 billion yuan, an increase of 14.9 percent.

 

In the first two months, the profits of mining and quarrying reached 75.81 billion yuan, while that in the same period of last year was -9.77 billion yuan; that of manufacturing was 884.01 billion yuan, an increase of 26.7 percent year-on-year; that of production and distribution of electricity, heat, gas and water reached 55.86 billion yuan, down by 33.5 percent.

 

In the first two months, within 41 branches of industrial divisions, the industrial profits of 36 industrial divisions increased year-on-year, and that of 5 decreased. 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 4.6 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 1.3 times, that of manufacture of chemical raw material and chemical products increased by 65.9 percent, that of manufacture of non-metallic mineral products increased by 20.5 percent, that of manufacture and processing of ferrous metals increased by 21.1 times, that of manufacture and processing of non-ferrous metals increased by 1.2 times,, that of manufacture of general-purpose machinery up by 23.3 percent, that of manufacture of special-purpose machinery up by 19.8 percent, that of manufacture of motor vehicles increased by 19.2 percent, that of manufacture of electrical machinery and equipment increased by 0.9 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 20.5 percent, that of production and supply of electric power and heat power down by 39.3 percent, mining and washing of coal, extraction of petroleum and natural gas turned losses in the same period into profits.

 

In the first two months, the revenue from principal activities of industrial enterprises above the designated size reached 17.1 trillion yuan, increased by 13.7 percent year-on-year. The costs of principal activities were 14.6 trillion yuan, up by 13.3 percent. The profit rate of revenue from principal activities was 5.92 percent, an increase of 0.8 percentage points year-on-year.

 

By the end of February, the total assets of industrial enterprises above the designated size was 102.7 trillion yuan, increased by 7.8 percent year-on-year; the total liabilities reached 57.7 trillion yuan, increased by 6.6 percent; the total owners' equity was 45.0 trillion yuan, increased by 9.2 percent. The asset-liability ratio was 56.2percent, a decrease of 0.6 percentage points year-on-year.

 

By the end of February, the total volume of receivable accounts for industrial enterprises above designated hit 11.8 trillion yuan, went up by 10.9 percent year-on-year. The total value of finished products for industrial enterprises accounted for 3,742.47 billion yuan, increased by 6.1 percent.

 

In the first two months, the costs for per-hundred-yuan turnover of principal activities stood at 84.91 yuan, a decrease of 0.28 yuan year-on-year; the revenue from principal activities brought by per hundred yuan assets was 100.2 yuan, an increase of 5.2 yuan; the revenue from principal activities per capita was 1177 thousand yuan, an increase of 149 thousand yuan; the turnover days of finished goods were 15.4 days, a decrease of 1.1 days; the days sales outstanding hit an average of 41.3 days, a decrease of 1 day.

 

 

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Two Months of 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

174407.9

13.9

171448.6

13.7

10156.8

31.5

Of which: Mining and Quarrying

8106.6

30.3

7858.2

29.6

758.1

(Note 1)

Manufacturing

155818.0

13.7

153240.4

13.5

8840.1

26.7

Production and Distribution of Electricity, Heat, Gas and Water

10483.3

6.2

10350.0

6.0

558.6

-33.5

 Of which: State-holding Enterprises

39493.4

17.9

38208.1

17.8

2336.3

100.2

Of which: Collective-owned Enterprises

1019.6

8.7

976.6

8.2

68.5

9.6

        Joint-Stock Enterprises

122978.4

14.8

120929.9

14.6

6976.7

33.6

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

39024.3

11.9

38307.6

11.7

2452.1

29.8

Of which: Private Enterprises

59050.3

12.1

58617.8

12.0

3522.3

14.9

 

 

 

 

 

 

 

Note : 1. Mining and quarrying had a loss of 9.77 billion yuan in the same period of last year.

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

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Two Months of 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

148358.2

13.5

145576.9

13.3

 

Of which: Mining and Quarrying

6279.6

15.9

6010.2

14.2

 

Manufacturing

132698.1

13.6

130293.6

13.5

 

Production and Distribution of Electricity, Heat, Gas and Water

9380.5

10.7

9273.1

10.4

 

 Of which: State-holding Enterprises

32013.5

16.8

30784.5

16.4

 

Of which: Collective-owned Enterprises

853.2

7.2

813.6

6.5

 

        Joint-Stock Enterprises

104623.3

14.5

102642.2

14.3

 

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

33171.8

11.6

32550.8

11.4

 

Of which: Private Enterprises

51343.1

12.1

50909.1

12.0

 

 

 

 

 

 

 

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 Two Months of 2017

 

 

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

5.92

84.91

100.2

117.7

56.2

15.4

41.3

Of which: Mining and Quarrying

9.65

76.48

51.0

81.1

61.4

14.6

35.6

Manufacturing

5.77

85.03

117.7

117.4

54.7

16.5

42.6

Production and Distribution of Electricity, Heat, Gas and Water

5.40

89.60

40.7

187.2

60.9

0.5

25.6

 Of which: State-holding Enterprises

6.11

80.57

56.8

150.8

61.1

17.3

43.3

Of which: Collective-owned Enterprises

7.01

83.31

109.3

110.1

63.7

23.1

28.2

        Joint-Stock Enterprises

5.77

84.88

99.7

118.2

57.3

15.9

38.2

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

6.40

84.97

111.0

111.0

53.4

15.8

57.4

Of which: Private Enterprises

6.01

86.85

161.5

111.8

52.2

12.9

29.8

 

 

 

 

 

 

 

 

                 

  

Key Financial Indicators of Industrial Enterprises above the

Designated Size in the First Two Months of 2017 (Group by Industries)

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

174407.9

13.9

171448.6

13.7

10156.8

31.5

Mining and Washing of Coal

4143.1

38.8

3937.1

37.5

438.0

(Note 1)

Extraction of Petroleum and Natural Gas

1237.1

42.5

1221.9

43.8

116.8

(Note 2)

Mining of Ferrous Metal Ores

882.2

24.6

873.0

24.4

70.4

80.5

Mining of Non-Ferrous Metal Ores

940.9

17.5

932.2

17.4

92.3

72.2

Mining And Processing of Nonmetal Ores

746.5

5.9

738.4

5.3

55.3

7.6

Mining Support Service Activities

152.8

0.7

151.5

0.4

-15.0

(Note 3)

Mining of Other Ores N.E.C

4.1

13.9

4.1

13.9

0.3

-25.0

Processing of Food From Agricultural Products

10087.2

9.2

10039.6

9.3

513.6

9.7

Manufacture of Foods

3750.4

8.7

3707.1

8.9

329.8

7.1

Manufacture of Wines, Beverage and Refined Tea

3003.8

9.1

2980.0

9.3

341.3

12.8

Manufacture of Cigarettes And Tobacco

1937.8

-6.1

1831.2

-3.5

255.5

-8.2

Manufacture of Textile

5896.9

9.3

5815.4

9.1

276.1

4.6

Manufacture of Textile Wearing Apparel And Ornament

3395.6

6.6

3350.4

6.6

203.8

5.4

Manufacture of  Leather, Fur, Feather And Its Products

2079.7

5.8

2075.4

5.8

128.1

2.8

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

1967.5

8.4

1964.7

8.5

121.2

6.9

Manufacture of Furniture

1233.8

11.6

1227.4

11.6

74.2

7.7

Manufacture of  Paper and Paper Products

2323.0

14.4

2295.4

14.3

145.3

73.6

Printing, Reproduction of Recording Media

1115.6

9.1

1108.3

9.1

67.2

2.6

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

2390.4

7.9

2374.9

7.7

126.5

9.0

Processing of Petroleum, Coking, Processing of Nucleus Fuel

6332.4

31.5

6203.9

31.2

411.0

129.0

Manufacture of Chemical Raw Material  and Chemical Products

13575.4

18.6

13349.8

18.4

876.8

65.9

Manufacture of Medicines

4181.1

11.7

4148.5

11.7

422.5

15.3

Manufacture of Chemical Fibres

1168.1

19.2

1133.5

19.1

57.3

112.2

Manufacture of Rubber and Plastics Products

4721.9

11.1

4681.7

11.1

272.7

12.0

Manufacture of Non-Metallic Mineral Products

8268.7

11.0

8227.0

11.0

491.4

20.5

Manufacture and Processing of Ferrous Metals

10831.0

27.6

10388.1

27.3

360.2

2109.8

Manufacture and Processing of Non-Ferrous Metals

7999.3

19.0

7732.5

18.2

274.1

123.0

Manufacture of Fabricated Metal Products

5397.3

10.7

5351.4

10.5

276.4

10.4

Manufacture of General-Purpose Machinery

6785.4

11.9

6661.3

11.5

391.5

23.3

Manufacture of Special-Purpose Machinery

5219.8

11.2

5140.1

10.7

295.8

19.8

Manufacture of Motor Vehicles

13024.8

15.9

12704.1

15.8

990.1

19.2

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

2094.9

0.4

2070.9

0.1

96.5

-10.9

Manufacture of Electrical Machinery and Equipment

10121.7

9.2

9924.2

9.0

520.7

0.9

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

14562.8

15.3

14419.3

15.2

387.9

20.5

Manufacture of Measuring Instrument and Meter

1268.8

12.7

1258.2

12.9

77.4

19.3

Other Manufacturing

352.2

7.7

350.2

7.6

18.6

-1.6

Waste Recycling and Recovery

592.7

21.1

588.7

20.9

31.3

49.8

Repair of  Fabricated Metal Products, Machinery and Equipment

138.0

5.7

136.9

5.6

5.2

4.0

Production and Supply of Electric Power and Heat Power

8973.7

5.6

8877.5

5.3

452.4

-39.3

Production and Distribution of Gas

1167.6

10.1

1148.9

10.1

88.0

2.2

Production and Distribution of Water

341.9

11.3

323.6

11.1

18.1

108.0

 

 

 

 

 

 

 

Note : 1. Mining and Washing of Coal had a loss of 2.09 billion yuan in the same period of last year.

2. Extraction of Petroleum and Natural Gas had a loss of 20.25 billion yuan in the same period of last year.

3. Mining Support Service Activities had a loss of 1.87 billion yuan in the same period of last year.

 

 

Key Financial Indicators of Industrial Enterprises above the Designated Size in the First Two Months of 2017 (Group by Industries)

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

Jan-Feb (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

148358.2

13.5

145576.9

13.3

Mining and Washing of Coal

3090.2

22.7

2884.2

20.0

Extraction of Petroleum and Natural Gas

907.6

3.5

869.4

1.8

Mining of Ferrous Metal Ores

739.8

21.6

730.1

21.4

Mining of Non-Ferrous Metal Ores

775.6

14.0

768.5

14.0

Mining And Processing of Nonmetal Ores

605.0

6.1

597.5

5.4

Mining Support Service Activities

158.2

-2.2

157.4

-2.4

Mining of Other Ores N.E.C

3.2

23.1

3.2

23.1

Processing of Food From Agricultural Products

8975.7

9.3

8919.5

9.4

Manufacture of Foods

2996.0

9.8

2953.5

10.0

Manufacture of Wines, Beverage and Refined Tea

2201.1

9.3

2178.4

9.5

Manufacture of Cigarettes And Tobacco

576.8

-9.8

470.9

-1.2

Manufacture of Textile

5286.7

9.8

5218.6

9.8

Manufacture of Textile Wearing Apparel And Ornament

2892.5

6.6

2853.3

6.6

Manufacture of  Leather, Fur, Feather And Its Products

1800.9

6.0

1797.6

6.1

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

1712.1

8.7

1709.0

8.8

Manufacture of Furniture

1039.6

11.9

1034.8

12.0

Manufacture of  Paper and Paper Products

1997.0

13.2

1972.7

13.0

Printing, Reproduction of Recording Media

942.5

9.8

935.8

9.7

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

2086.5

7.8

2073.1

7.5

Processing of Petroleum, Coking, Processing of Nucleus Fuel

4951.7

34.1

4825.9

33.8

Manufacture of Chemical Raw Material  and Chemical Products

11567.4

17.4

11356.9

17.2

Manufacture of Medicines

2898.3

10.7

2870.7

10.6

Manufacture of Chemical Fibres

1040.4

17.0

1008.9

17.0

Manufacture of Rubber and Plastics Products

4080.9

11.7

4042.0

11.8

Manufacture of Non-Metallic Mineral Products

7047.3

10.7

7008.0

10.7

Manufacture and Processing of Ferrous Metals

9934.8

24.6

9511.0

24.2

Manufacture and Processing of Non-Ferrous Metals

7410.5

17.8

7146.7

17.0

Manufacture of Fabricated Metal Products

4719.6

11.0

4678.3

10.9

Manufacture of General-Purpose Machinery

5744.5

11.9

5630.1

11.5

Manufacture of Special-Purpose Machinery

4386.0

10.9

4318.7

10.3

Manufacture of Motor Vehicles

10895.6

15.9

10626.1

15.7

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

1810.2

0.7

1788.4

0.5

Manufacture of Electrical Machinery and Equipment

8667.3

9.4

8486.5

9.3

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

13043.1

14.9

12900.6

14.8

Manufacture of Measuring Instrument and Meter

1034.6

13.0

1025.8

13.1

Other Manufacturing

303.8

8.5

302.4

8.4

Waste Recycling and Recovery

535.8

19.9

531.6

19.6

Repair of  Fabricated Metal Products, Machinery and Equipment

118.9

5.1

117.6

5.2

Production and Supply of Electric Power and Heat Power

8106.0

10.7

8021.6

10.4

Production and Distribution of Gas

1015.2

11.4

1003.0

11.2

Production and Distribution of Water

259.4

10.4

248.5

10.0

 

 

 

 

 

           

 

 

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.

 

Operating income: refers to the total amount of revenue of enterprises recognized by the principal business and other business operations.

 

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

 

Operating costs: refers to the total costs of enterprises incurred by the principal business and other business operations.

 

Costs of Principal Activities: refers to the total costs of enterprises incurred by the 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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