Industrial Profits Increased in the First Five Months of 2017
National Bureau of Statistics of China2017-06-27 15:44




In the first five months of 2017, the profits made by industrial enterprises above the designated size achieved 2,904.76 billion yuan, a year-on-year increase of 22.7 percent, and the growth rate decreased by 1.7 percentage points from the first four months.

 

In the first five months, the profits of state-holding industrial enterprises above the designated size gained 652.04 billion yuan, up by 53.3 percent year-on-year; that of collective-owned enterprises reached 17.94 billion yuan, an increase of 4.4 percent; that of joint-stock enterprises stood at 2,004.95 billion yuan, up by 24.7 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 711.28 billion yuan, increased by 18.9 percent; and that of private enterprises gained 961.13 billion yuan, an increase of 14.0 percent.

 

In the first five months, the profits of mining and quarrying reached 203.31 billion yuan, up by 79.4 times year-on-year; that of manufacturing was 2,552.28 billion yuan, an increase of 18.6 percent; that of production and distribution of electricity, heat, gas and water reached 149.17 billion yuan, down by 29.7 percent.

 

In the first five months, within 41 branches of industrial divisions, the industrial profits of 38 industrial divisions increased year-on-year, and that of 3 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased by 87.7 times year-on-year, that of processing of food from agricultural products increased by 7.5 percent year-on-year, that of manufacture of textile up by 5.3 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 37.4 percent, that of manufacture of chemical raw material and chemical products increased by 36.3 percent, that of manufacture of non-metallic mineral products increased by 26.2 percent, that of manufacture and processing of ferrous metals increased by 93.5 percent, that of manufacture and processing of non-ferrous metals increased by 57.5 percent, that of manufacture of general-purpose machinery up by 18.2 percent, that of manufacture of special-purpose machinery up by 25.1 percent, that of manufacture of motor vehicles increased by 10.0 percent, that of manufacture of electrical machinery and equipment increased by 6.5 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 14.9 percent, extraction of petroleum and natural gas turned losses in the same period into profits, and the profits of production and supply of electric power and heat power down by 35.9 percent.

 

In the first five months, the revenue from principal activities of industrial enterprises above the designated size reached 48.0 trillion yuan, increased by 13.5 percent year-on-year. The costs of principal activities were 41.1 trillion yuan, up by 13.4 percent. The profit rate of revenue from principal activities was 6.05 percent, an increase of 0.45 percentage points year-on-year.

 

By the end of May, the total assets of industrial enterprises above the designated size was 106.3 trillion yuan, increased by 7.7 percent year-on-year; the total liabilities reached 59.7 trillion yuan, increased by 6.5 percent; the total owners' equity was 46.6 trillion yuan, increased by 9.3 percent. The asset-liability ratio was 56.1 percent, a decrease of 0.7 percentage points year-on-year.

 

By the end of May, the total volume of receivable accounts for industrial enterprises above designated hit 12.6 trillion yuan, went up by 10.0 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,027.06 billion yuan, increased by 9.3 percent.

 

In the first five months, the costs for per-hundred-yuan turnover of principal activities stood at 85.62 yuan, a decrease of 0.04 yuan year-on-year; the revenue from principal activities brought by per hundred yuan assets was 110.3 yuan, an increase of 5.6 yuan; the revenue from principal activities per capita was 1292 thousand yuan, an increase of 161 thousand yuan; the turnover days of finished goods were 14.2 days, a decrease of 0.7 days; the days sales outstanding hit an average of 38.0 days, a decrease of 1.1 days.

 

In May, the profits made by industrial enterprises above the designated size achieved 625.99 billion yuan, a year-on-year increase of 16.7 percent, and the growth rate increased by 2.7 percentage points from April.

 

 

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Five Months of 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

488577.5

13.6

480013.5

13.5

29047.6

22.7

Of which: Mining and Quarrying

22950.1

30.8

21935.5

28.9

2033.1

7936.0

Manufacturing

439379.6

13.3

432181.1

13.2

25522.8

18.6

Production and Distribution of Electricity, Heat, Gas and Water

26247.8

6.7

25896.9

6.8

1491.7

-29.7

 Of which: State-holding Enterprises

106216.6

17.2

102168.9

16.8

6520.4

53.3

Of which: Collective-owned Enterprises

2819.4

7.5

2711.7

7.4

179.4

4.4

        Joint-Stock Enterprises

348396.9

14.8

342256.1

14.6

20049.5

24.7

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

107603.3

11.4

105721.0

11.3

7112.8

18.9

Of which: Private Enterprises

168770.8

12.6

167609.7

12.5

9611.3

14.0

 

 

 

 

 

 

 

Note : 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 Five Months of 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

418803.1

13.6

410996.9

13.4

 

Of which: Mining and Quarrying

18006.0

18.5

16994.6

15.7

 

Manufacturing

377370.7

13.5

370827.9

13.5

 

Production and Distribution of Electricity, Heat, Gas and Water

23426.4

11.0

23174.4

11.0

 

 Of which: State-holding Enterprises

87438.9

16.9

83658.8

16.3

 

Of which: Collective-owned Enterprises

2375.9

6.4

2279.5

6.4

 

        Joint-Stock Enterprises

298973.9

14.7

293250.7

14.5

 

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

91618.9

11.5

90007.1

11.4

 

Of which: Private Enterprises

147932.7

12.7

146828.0

12.6

 

 

 

 

 

 

 

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 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

6.05

85.62

110.3

129.2

56.1

14.2

38.0

Of which: Mining and Quarrying

9.27

77.48

56.2

89.8

61.0

13.1

32.6

Manufacturing

5.91

85.80

130.2

129.7

54.6

15.1

39.0

Production and Distribution of Electricity, Heat, Gas and Water

5.76

89.49

40.3

187.5

61.1

0.6

27.2

 Of which: State-holding Enterprises

6.38

81.88

60.2

161.4

61.3

16.3

41.7

Of which: Collective-owned Enterprises

6.62

84.06

118.7

121.6

63.1

20.9

26.2

        Joint-Stock Enterprises

5.86

85.68

110.6

130.9

57.1

14.5

34.9

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

6.73

85.14

121.1

120.5

53.7

14.7

53.3

Of which: Private Enterprises

5.73

87.60

179.3

124.1

51.9

11.7

27.1

 

 

 

 

 

 

 

 

                 

  

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

488577.5

13.6

480013.5

13.5

29047.6

22.7

Mining and Washing of Coal

11898.1

44.0

11009.4

40.5

1233.4

8773.4

Extraction of Petroleum and Natural Gas

3170.8

33.1

3121.7

33.6

212.9

(Note1

Mining of Ferrous Metal Ores

2587.8

23.7

2560.5

24.1

198.2

83.7

Mining of Non-Ferrous Metal Ores

2667.6

13.7

2644.5

13.4

245.7

52.3

Mining And Processing of Nonmetal Ores

2115.1

6.9

2095.0

6.5

145.1

7.4

Mining Support Service Activities

497.3

4.0

490.8

3.4

-3.2

(Note2

Mining of Other Ores N.E.C

13.5

48.4

13.5

48.4

0.9

28.6

Processing of Food From Agricultural Products

27079.4

9.2

26945.7

9.3

1257.0

7.5

Manufacture of Foods

9865.2

9.0

9751.6

9.1

836.6

7.5

Manufacture of Wines, Beverage and Refined Tea

7800.6

9.6

7727.5

9.7

809.6

13.9

Manufacture of Cigarettes And Tobacco

4162.8

-0.3

3808.6

1.3

460.3

-1.4

Manufacture of Textile

16668.1

9.5

16443.7

9.3

781.9

5.3

Manufacture of Textile Wearing Apparel And Ornament

9320.5

7.6

9225.0

7.7

522.3

9.4

Manufacture of  Leather, Fur, Feather And Its Products

5966.8

6.7

5953.1

6.7

346.5

7.6

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

5687.7

8.8

5677.4

8.8

330.2

7.7

Manufacture of Furniture

3536.2

13.3

3517.4

13.4

206.3

8.5

Manufacture of  Paper and Paper Products

6365.8

13.6

6293.8

13.6

387.6

44.0

Printing, Reproduction of Recording Media

3193.0

10.8

3170.0

10.8

199.1

7.3

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

6882.4

11.3

6823.8

10.8

364.3

12.5

Processing of Petroleum, Coking, Processing of Nucleus Fuel

16983.5

28.3

16607.1

27.8

936.6

37.4

Manufacture of Chemical Raw Material  and Chemical Products

38749.2

16.7

38155.7

16.7

2467.6

36.3

Manufacture of Medicines

11709.9

11.9

11617.1

11.9

1255.2

15.7

Manufacture of Chemical Fibres

3377.8

13.9

3302.9

14.5

158.1

51.4

Manufacture of Rubber and Plastics Products

13416.1

10.1

13288.3

10.1

767.3

4.5

Manufacture of Non-Metallic Mineral Products

24896.5

12.8

24765.8

12.8

1644.4

26.2

Manufacture and Processing of Ferrous Metals

30258.4

23.3

29098.3

23.3

1053.1

93.5

Manufacture and Processing of Non-Ferrous Metals

23784.3

17.9

23055.4

17.9

789.3

57.5

Manufacture of Fabricated Metal Products

15613.6

11.2

15465.9

11.0

791.6

7.8

Manufacture of General-Purpose Machinery

19991.9

12.3

19572.9

11.8

1236.3

18.2

Manufacture of Special-Purpose Machinery

15377.7

11.8

15235.5

11.7

938.4

25.1

Manufacture of Motor Vehicles

34696.7

12.2

33852.2

12.1

2808.0

10.0

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

6301.4

4.9

6218.2

4.7

345.9

1.9

Manufacture of Electrical Machinery and Equipment

30491.9

11.0

29882.0

10.9

1685.0

6.5

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

40375.0

14.0

39953.8

14.0

1673.4

14.9

Manufacture of Measuring Instrument and Meter

3728.9

13.7

3695.2

13.8

307.4

36.5

Other Manufacturing

1035.0

10.1

1027.8

9.7

58.5

6.6

Waste Recycling and Recovery

1661.4

19.8

1651.4

20.0

87.2

48.8

Repair of  Fabricated Metal Products, Machinery and Equipment

401.9

9.2

398.0

9.1

17.7

-5.9

Production and Supply of Electric Power and Heat Power

22541.3

6.1

22290.9

6.1

1194.2

-35.9

Production and Distribution of Gas

2789.8

10.7

2739.9

11.2

219.6

5.8

Production and Distribution of Water

916.7

9.9

866.1

10.5

77.9

49.5

 

 

 

 

 

 

 

Note : 1. Extraction of Petroleum and Natural Gas had a loss of 37.43 billion yuan in the same period of last year.

2. Mining Support Service Activities had a loss of 1.94 billion yuan in the same period of last year.

 

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

418803.1

13.6

410996.9

13.4

Mining and Washing of Coal

8952.2

27.5

8080.4

21.9

Extraction of Petroleum and Natural Gas

2423.8

7.2

2350.2

7.4

Mining of Ferrous Metal Ores

2186.3

20.5

2160.2

20.9

Mining of Non-Ferrous Metal Ores

2220.4

10.9

2202.8

10.7

Mining And Processing of Nonmetal Ores

1739.4

7.2

1721.6

6.7

Mining Support Service Activities

473.7

0.6

469.3

0.1

Mining of Other Ores N.E.C

10.2

43.7

10.2

43.7

Processing of Food From Agricultural Products

24326.6

9.4

24205.7

9.5

Manufacture of Foods

7933.5

9.9

7826.8

10.0

Manufacture of Wines, Beverage and Refined Tea

5878.2

9.6

5820.6

9.8

Manufacture of Cigarettes And Tobacco

1412.6

-1.5

1065.4

2.5

Manufacture of Textile

15015.0

10.0

14835.6

10.0

Manufacture of Textile Wearing Apparel And Ornament

8020.5

7.5

7940.4

7.7

Manufacture of  Leather, Fur, Feather And Its Products

5195.2

6.7

5183.4

6.7

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

4999.8

9.1

4991.6

9.1

Manufacture of Furniture

3004.6

13.2

2991.2

13.3

Manufacture of  Paper and Paper Products

5500.3

12.7

5440.3

12.7

Printing, Reproduction of Recording Media

2725.1

11.7

2708.9

11.6

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

6052.0

11.5

6001.7

10.9

Processing of Petroleum, Coking, Processing of Nucleus Fuel

13613.6

34.0

13259.6

33.6

Manufacture of Chemical Raw Material  and Chemical Products

33326.9

16.7

32782.1

16.8

Manufacture of Medicines

8183.7

11.0

8111.9

10.9

Manufacture of Chemical Fibres

3043.7

13.2

2976.9

13.8

Manufacture of Rubber and Plastics Products

11660.1

10.9

11548.1

10.9

Manufacture of Non-Metallic Mineral Products

21314.9

12.2

21201.0

12.3

Manufacture and Processing of Ferrous Metals

27780.0

22.6

26691.6

22.7

Manufacture and Processing of Non-Ferrous Metals

22183.4

17.5

21483.9

17.4

Manufacture of Fabricated Metal Products

13756.9

11.6

13635.3

11.5

Manufacture of General-Purpose Machinery

17012.1

12.5

16619.2

11.9

Manufacture of Special-Purpose Machinery

12985.8

11.4

12872.9

11.6

Manufacture of Motor Vehicles

29131.5

12.6

28407.8

12.5

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

5455.3

5.1

5382.5

4.9

Manufacture of Electrical Machinery and Equipment

26232.1

11.4

25677.3

11.4

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

35837.4

13.5

35419.2

13.5

Manufacture of Measuring Instrument and Meter

3042.2

13.7

3019.2

13.9

Other Manufacturing

893.4

10.5

887.4

10.1

Waste Recycling and Recovery

1508.5

19.0

1498.7

19.3

Repair of  Fabricated Metal Products, Machinery and Equipment

345.9

9.5

341.8

9.8

Production and Supply of Electric Power and Heat Power

20332.5

11.0

20134.5

10.9

Production and Distribution of Gas

2411.7

11.7

2383.6

12.1

Production and Distribution of Water

682.2

9.2

656.4

9.8

 

 

 

 

 

           

 

 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.

 

 

FAQs  |  About NBS  |  Contact Us  |  Copyright National Bureau of Statistics of China,2012