Industrial Profits Increased in the First Six Months of 2017
National Bureau of Statistics of China2017-07-27 15:51




In the first six months of 2017, the profits made by industrial enterprises above the designated size achieved 3,633.75 billion yuan, a year-on-year increase of 22.0 percent, and the growth rate decreased by 0.7 percentage points from the first five months.

 

In the first six months, the profits of state-holding industrial enterprises above the designated size gained 805.45 billion yuan, up by 45.8 percent year-on-year; that of collective-owned enterprises reached 21.28 billion yuan, an increase of 4.9 percent; that of joint-stock enterprises stood at 2,565.84 billion yuan, up by 23.6 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 864.63 billion yuan, increased by 18.9 percent; and that of private enterprises gained 1,188.75 billion yuan, an increase of 14.8 percent.

 

In the first six months, the profits of mining and quarrying reached 243.59 billion yuan, up by 13.4 times year-on-year; that of manufacturing was 3,205.17 billion yuan, an increase of 18.5 percent; that of production and distribution of electricity, heat, gas and water reached 184.99 billion yuan, down by 28.2 percent.

 

In the first six 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 19.7 times year-on-year, that of processing of food from agricultural products increased by 6.6 percent year-on-year, that of manufacture of textile up by 5.1 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 26.7 percent, that of manufacture of chemical raw material and chemical products increased by 33.1 percent, that of manufacture of non-metallic mineral products increased by 25.4 percent, that of manufacture and processing of ferrous metals increased by 96.4 percent, that of manufacture and processing of non-ferrous metals increased by 52.7 percent, that of manufacture of general-purpose machinery up by 18.9 percent, that of manufacture of special-purpose machinery up by 25.4 percent, that of manufacture of motor vehicles increased by 11.7 percent, that of manufacture of electrical machinery and equipment increased by 9.7 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 17.1 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 34.6 percent.

 

In the first six months, the revenue from principal activities of industrial enterprises above the designated size reached 59.5 trillion yuan, increased by 13.6 percent year-on-year. The costs of principal activities were 51.0 trillion yuan, up by 13.6 percent. The profit rate of revenue from principal activities was 6.11 percent, an increase of 0.42 percentage points year-on-year.

 

By the end of June, the total assets of industrial enterprises above the designated size was 107.2 trillion yuan, increased by 7.7 percent year-on-year; the total liabilities reached 60.0 trillion yuan, increased by 6.4 percent; the total owners' equity was 47.2 trillion yuan, increased by 9.5 percent. The asset-liability ratio was 55.9 percent, a decrease of 0.8 percentage points year-on-year.

 

By the end of June, the total volume of receivable accounts for industrial enterprises above designated hit 12.6 trillion yuan, went up by 9.4 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,006.08 billion yuan, increased by 8.6 percent.

 

In the first six months, the costs for per-hundred-yuan turnover of principal activities stood at 85.69 yuan, a decrease of 0.02 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 7.29 yuan, a decrease of 0.35 yuan; the revenue from principal activities brought by per hundred yuan assets was 113.4 yuan, an increase of 5.8 yuan; the revenue from principal activities per capita was 1329 thousand yuan, an increase of 165 thousand yuan; the turnover days of finished goods were 13.7 days, a decrease of 0.8 days; the days sales outstanding hit an average of 37.0 days, a decrease of 1.1 days.

 

In June, the profits made by industrial enterprises above the designated size achieved 727.78 billion yuan, a year-on-year increase of 19.1 percent, and the growth rate increased by 2.4 percentage points from May.

 

http://10.6.132.108:8080/webpic/W0201707/W020170727/W020170727572258270154.jpg

 

 

http://10.6.132.108:8080/webpic/W0201707/W020170727/W020170727572258425429.jpg

 

 

http://10.6.132.108:8080/webpic/W0201707/W020170727/W020170727572258428577.jpg

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Six Months of 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

605789.5

13.7

595081.4

13.6

36337.5

22.0

Of which: Mining and Quarrying

28257.6

28.3

26986.2

26.6

2435.9

1338.0

Manufacturing

545567.0

13.4

536590.1

13.4

32051.7

18.5

Production and Distribution of Electricity, Heat, Gas and Water

31964.9

7.6

31505.1

7.5

1849.9

-28.2

 Of which: State-holding Enterprises

130504.0

16.5

125442.8

16.2

8054.5

45.8

Of which: Collective-owned Enterprises

3163.6

7.6

3114.1

7.5

212.8

4.9

        Joint-Stock Enterprises

440580.0

15.0

432682.2

14.9

25658.4

23.6

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

130940.8

11.4

128592.0

11.3

8646.3

18.9

Of which: Private Enterprises

209586.2

12.9

208125.3

12.9

11887.5

14.8

 

 

 

 

 

 

 

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 Six Months of 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

519592.8

13.7

509904.2

13.6

 

Of which: Mining and Quarrying

22301.8

17.2

21045.7

14.7

 

Manufacturing

468726.3

13.7

460620.0

13.6

 

Production and Distribution of Electricity, Heat, Gas and Water

28564.7

11.8

28238.5

11.6

 

 Of which: State-holding Enterprises

107740.4

16.4

103071.4

16.0

 

Of which: Collective-owned Enterprises

2691.1

8.3

2651.2

8.4

 

        Joint-Stock Enterprises

378121.0

14.9

370820.9

14.8

 

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

111546.6

11.6

109556.0

11.4

 

Of which: Private Enterprises

183834.7

12.9

182458.1

13.0

 

 

 

 

 

 

 

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 Six Months of 2017

 

 

Table II

Indicators

Profit Rate of Revenue from Principal Activities

Costs for per-hundred-yuan Turnover of Principal Activities

Expenses 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)

(yuan)

10 thousand yuan/ person

(%)

(days)

(days)

 

 

 

 

 

 

 

 

 

Total

6.11

85.69

7.29

113.4

132.9

55.9

13.7

37.0

Of which: Mining and Quarrying

9.03

77.99

9.88

57.4

91.8

60.4

12.7

31.9

Manufacturing

5.97

85.84

7.25

134.0

133.6

54.4

14.5

37.8

Production and Distribution of Electricity, Heat, Gas and Water

5.87

89.63

5.90

40.8

190.7

61.2

0.6

26.7

 Of which: State-holding Enterprises

6.42

82.17

8.07

61.4

165.0

61.2

15.7

40.8

Of which: Collective-owned Enterprises

6.83

85.14

8.52

121.0

126.6

62.8

20.7

26.8

        Joint-Stock Enterprises

5.93

85.70

7.25

114.6

134.9

56.9

13.8

33.7

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

6.72

85.20

7.88

123.1

123.4

53.8

14.4

52.2

Of which: Private Enterprises

5.71

87.67

6.13

185.2

128.6

51.8

11.3

26.3

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

605789.5

13.7

595081.4

13.6

36337.5

22.0

Mining and Washing of Coal

14463.5

40.5

13353.4

37.6

1474.7

1968.3

Extraction of Petroleum and Natural Gas

3799.3

28.6

3733.9

29.0

239.5

(Note 1)

Mining of Ferrous Metal Ores

3214.8

22.5

3182.1

22.8

228.8

76.8

Mining of Non-Ferrous Metal Ores

3336.4

12.3

3308.8

12.1

301.1

44.8

Mining And Processing of Nonmetal Ores

2680.4

8.1

2655.7

7.7

189.8

12.2

Mining Support Service Activities

745.2

7.3

734.3

6.5

0.9

(Note 2)

Mining of Other Ores N.E.C

17.9

64.2

17.9

64.2

1.1

37.5

Processing of Food From Agricultural Products

33564.9

9.4

33396.9

9.4

1539.1

6.6

Manufacture of Foods

12148.5

9.4

12012.0

9.5

1004.9

9.7

Manufacture of Wines, Beverage and Refined Tea

9708.1

10.4

9612.7

10.4

1017.2

14.2

Manufacture of Cigarettes And Tobacco

4939.8

-2.3

4477.6

-0.6

531.2

-8.4

Manufacture of Textile

20642.5

9.5

20348.8

9.4

982.9

5.1

Manufacture of Textile Wearing Apparel And Ornament

11611.7

7.9

11495.8

8.0

654.5

12.0

Manufacture of  Leather, Fur, Feather Aad Its Products

7475.9

7.0

7458.8

7.0

436.8

9.2

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

7160.5

9.8

7147.7

9.8

412.6

8.8

Manufacture of Furniture

4436.6

13.9

4413.9

13.9

283.4

17.5

Manufacture of  Paper and Paper Products

7821.2

13.9

7733.0

13.8

471.1

41.3

Printing, Reproduction of Recording Media

4036.3

10.7

4005.6

10.6

253.7

6.3

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

8605.6

11.9

8531.7

11.4

454.6

12.7

Processing of Petroleum, Coking, Processing of Nucleus Fuel

20539.1

26.1

20070.1

25.6

1070.7

26.7

Manufacture of Chemical Raw Material  and Chemical Products

47515.4

16.2

46815.2

16.3

2984.5

33.1

Manufacture of Medicines

14636.7

12.6

14516.4

12.6

1596.3

15.9

Manufacture of Chemical Fibres

4246.5

14.8

4154.2

15.1

200.0

53.1

Manufacture of Rubber and Plastics Products

16675.2

10.5

16508.8

10.4

954.7

5.5

Manufacture of Non-Metallic Mineral Products

31271.3

13.1

31110.5

13.2

2078.2

25.4

Manufacture and Processing of Ferrous Metals

36905.6

23.1

35493.3

23.2

1301.2

96.4

Manufacture and Processing of Non-Ferrous Metals

29621.3

18.1

28701.7

17.7

982.1

52.7

Manufacture of Fabricated Metal Products

19647.4

11.7

19449.1

11.6

989.6

8.0

Manufacture of General-Purpose Machinery

25015.4

12.7

24493.4

12.4

1569.8

18.9

Manufacture of Special-Purpose Machinery

19236.8

12.9

19076.2

13.0

1214.6

25.4

Manufacture of Motor Vehicles

42342.1

12.1

41283.1

12.0

3450.2

11.7

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

8083.0

5.8

7978.6

5.7

448.5

2.1

Manufacture of Electrical Machinery and Equipment

38548.7

11.8

37795.7

11.8

2202.5

9.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

50538.2

14.4

50004.2

14.4

2369.4

17.1

Manufacture of Measuring Instrument and Meter

4734.3

14.7

4689.0

14.8

399.1

32.1

Other Manufacturing

1250.5

10.3

1242.0

10.0

68.3

7.9

Waste Recycling and Recovery

2082.6

20.1

2070.0

20.2

110.2

46.7

Repair of  Fabricated Metal Products, Machinery and Equipment

525.3

-0.5

504.1

-3.5

20.0

-9.1

Production and Supply of Electric Power and Heat Power

27373.1

6.8

27049.1

6.6

1476.8

-34.6

Production and Distribution of Gas

3452.8

13.8

3382.9

14.2

273.5

9.7

Production and Distribution of Water

1139.1

10.7

1073.1

11.2

99.6

46.5

 

 

 

 

 

 

 

Note : 1. Extraction of Petroleum and Natural Gas had a loss of 38.7 billion yuan in the same period of last year.

2. Mining Support Service Activities had a loss of 2.21 billion yuan in the same period of last year.

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jum (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

519592.8

13.7

509904.2

13.6

Mining and Washing of Coal

10915.5

25.1

9833.6

20.1

Extraction of Petroleum and Natural Gas

2931.2

6.5

2840.1

6.5

Mining of Ferrous Metal Ores

2734.8

19.7

2703.2

20.1

Mining of Non-Ferrous Metal Ores

2780.8

9.8

2758.8

9.7

Mining And Processing of Nonmetal Ores

2205.9

8.2

2184.2

7.7

Mining Support Service Activities

719.9

3.8

712.2

3.3

Mining of Other Ores N.E.C

13.6

61.9

13.6

61.9

Processing of Food From Agricultural Products

30191.8

9.6

30050.8

9.7

Manufacture of Foods

9802.4

10.1

9673.2

10.2

Manufacture of Wines, Beverage and Refined Tea

7328.1

10.5

7248.9

10.5

Manufacture of Cigarettes And Tobacco

1723.2

-4.7

1272.4

0.6

Manufacture of Textile

18591.3

9.9

18347.7

10.0

Manufacture of Textile Wearing Apparel And Ornament

9998.5

7.7

9901.4

7.8

Manufacture of  Leather, Fur, Feather Aad Its Products

6516.6

6.9

6502.6

6.9

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

6301.9

10.1

6292.1

10.1

Manufacture of Furniture

3761.6

13.6

3745.5

13.6

Manufacture of  Paper and Paper Products

6768.4

13.2

6694.2

13.1

Printing, Reproduction of Recording Media

3447.1

11.4

3425.3

11.3

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

7571.9

12.0

7508.7

11.4

Processing of Petroleum, Coking, Processing of Nucleus Fuel

16529.1

31.9

16081.4

31.6

Manufacture of Chemical Raw Material  and Chemical Products

40892.4

16.2

40242.3

16.4

Manufacture of Medicines

10218.2

11.4

10126.3

11.3

Manufacture of Chemical Fibres

3834.6

14.1

3750.9

14.5

Manufacture of Rubber and Plastics Products

14498.1

11.2

14351.8

11.1

Manufacture of Non-Metallic Mineral Products

26769.9

12.5

26631.1

12.6

Manufacture and Processing of Ferrous Metals

33845.6

22.4

32516.1

22.5

Manufacture and Processing of Non-Ferrous Metals

27614.0

17.5

26725.8

17.1

Manufacture of Fabricated Metal Products

17333.4

12.1

17167.0

12.1

Manufacture of General-Purpose Machinery

21287.8

12.8

20812.5

12.5

Manufacture of Special-Purpose Machinery

16223.9

12.5

16100.1

12.7

Manufacture of Motor Vehicles

35603.0

12.5

34718.8

12.4

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

6981.5

5.8

6893.9

5.7

Manufacture of Electrical Machinery and Equipment

33176.5

12.2

32492.3

12.3

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

44624.1

13.8

44129.6

13.8

Manufacture of Measuring Instrument and Meter

3861.4

15.0

3830.0

15.1

Other Manufacturing

1082.0

10.6

1075.2

10.4

Waste Recycling and Recovery

1890.1

19.2

1878.5

19.4

Repair of  Fabricated Metal Products, Machinery and Equipment

458.2

0.9

433.6

-3.3

Production and Supply of Electric Power and Heat Power

24724.3

11.4

24472.5

11.2

Production and Distribution of Gas

2991.8

15.1

2952.2

15.4

Production and Distribution of Water

848.6

10.3

813.8

10.7

 

 

 

 

 

           

 

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.

 

Expenses for per-hundred-yuan Turnover of Principal Activities = (selling expenses + administrative expenses + financial expenses) / 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