Industrial Profits Increased in the First Seven Months of 2017
National Bureau of Statistics of China2017-08-28 16:37




In the first seven months of 2017, the profits made by industrial enterprises above the designated size achieved 4,248.12 billion yuan, a year-on-year increase of 21.2 percent, and the growth rate decreased by 0.8 percentage points from the first six months.

 

In the first seven months, the profits of state-holding industrial enterprises above the designated size gained 927.39 billion yuan, up by 44.2 percent year-on-year; that of collective-owned enterprises reached 25.94 billion yuan, an increase of 3.7 percent; that of joint-stock enterprises stood at 2,990.73 billion yuan, up by 22.9 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,019.77 billion yuan, increased by 17.7 percent; and that of private enterprises gained 1,416.16 billion yuan, an increase of 14.2 percent.

 

In the first seven months, the profits of mining and quarrying reached 279.55 billion yuan, up by 7.9 times year-on-year; that of manufacturing was 3,741.31 billion yuan, an increase of 18.1 percent; that of production and distribution of electricity, heat, gas and water reached 227.26 billion yuan, down by 25.3 percent.

 

In the first seven months, within 41 branches of industrial divisions, the industrial profits of 37 industrial divisions increased year-on-year, and that of 4 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased by 13.7 times year-on-year, that of processing of food from agricultural products increased by 5.7 percent year-on-year, that of manufacture of textile up by 5.4 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 25.1 percent, that of manufacture of chemical raw material and chemical products increased by 32.2 percent, that of manufacture of non-metallic mineral products increased by 25.1 percent, that of manufacture and processing of ferrous metals doubled, that of manufacture and processing of non-ferrous metals increased by 45.6 percent, that of manufacture of general-purpose machinery up by 18.1 percent, that of manufacture of special-purpose machinery up by 22.6 percent, that of manufacture of motor vehicles increased by 11.9 percent, that of manufacture of electrical machinery and equipment increased by 8.7 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 15.3 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 31.7 percent.

 

In the first seven months, the revenue from principal activities of industrial enterprises above the designated size reached 69.8 trillion yuan, increased by 13.1 percent year-on-year. The costs of principal activities were 59.8 trillion yuan, up by 13.1 percent. The profit rate of revenue from principal activities was 6.09 percent, an increase of 0.41 percentage points year-on-year.

 

By the end of July, the total assets of industrial enterprises above the designated size was 108.1 trillion yuan, increased by 7.8 percent year-on-year; the total liabilities reached 60.3 trillion yuan, increased by 6.6 percent; the total owners' equity was 47.8 trillion yuan, increased by 9.4 percent. The asset-liability ratio was 55.8 percent, a decrease of 0.7 percentage points year-on-year.

 

By the end of July, the total volume of receivable accounts for industrial enterprises above designated hit 12.9 trillion yuan, went up by 9.4 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,073.22 billion yuan, increased by 8.0 percent.

 

In the first seven months, the costs for per-hundred-yuan turnover of principal activities stood at 85.72 yuan, a decrease of 0.04 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 7.28 yuan, a decrease of 0.32 yuan; the revenue from principal activities brought by per hundred yuan assets was 113.5 yuan, an increase of 5.3 yuan; the revenue from principal activities per capita was 1332 thousand yuan, an increase of 161 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 37.1 days, a decrease of 1.0 day.

 

In July, the profits made by industrial enterprises above the designated size achieved 612.67 billion yuan, a year-on-year increase of 16.5 percent, and the growth rate decreased by 2.6 percentage points from June.

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Seven Months of 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

710640.1

13.2

698053.4

13.1

42481.2

21.2

Of which: Mining and Quarrying

32948.0

25.9

31503.7

24.8

2795.5

788.9

Manufacturing

639737.9

13.0

629135.3

12.9

37413.1

18.1

Production and Distribution of Electricity, Heat, Gas and Water

37954.2

8.0

37414.4

7.9

2272.6

-25.3

 Of which: State-holding Enterprises

152213.9

16.2

146340.4

16.0

9273.9

44.2

Of which: Collective-owned Enterprises

3782.4

6.8

3726.1

6.7

259.4

3.7

        Joint-Stock Enterprises

516062.9

14.4

506836.6

14.2

29907.3

22.9

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

154034.9

11.3

151223.8

11.1

10197.7

17.7

Of which: Private Enterprises

250631.5

12.3

248806.3

12.3

14161.6

14.2

 

 

 

 

 

 

 

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 Seven Months of 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

609689.4

13.2

598356.6

13.1

 

Of which: Mining and Quarrying

26040.6

15.4

24622.3

13.7

 

Manufacturing

549787.5

13.1

540255.7

13.1

 

Production and Distribution of Electricity, Heat, Gas and Water

33861.3

11.8

33478.6

11.9

 

 Of which: State-holding Enterprises

125733.2

16.0

120331.0

15.8

 

Of which: Collective-owned Enterprises

3211.3

7.5

3167.4

7.7

 

        Joint-Stock Enterprises

443051.8

14.2

434556.6

14.1

 

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

131203.7

11.5

128837.2

11.3

 

Of which: Private Enterprises

219977.3

12.3

218276.1

12.3

 

 

 

 

 

 

 

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 Seven 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

6.09

85.72

7.28

113.5

133.2

55.8

13.7

37.1

Of which: Mining and Quarrying

8.87

78.16

9.83

57.3

92.0

60.3

12.6

32.2

Manufacturing

5.95

85.87

7.24

134.1

133.7

54.2

14.6

37.9

Production and Distribution of Electricity, Heat, Gas and Water

6.07

89.48

5.79

41.3

193.9

61.2

0.6

27.4

 Of which: State-holding Enterprises

6.34

82.23

8.04

61.3

165.3

61.1

15.7

41.2

Of which: Collective-owned Enterprises

6.96

85.01

8.56

120.7

128.3

61.8

20.3

26.6

        Joint-Stock Enterprises

5.90

85.74

7.24

114.7

135.4

56.7

13.8

33.7

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

6.74

85.20

7.89

123.2

122.8

53.8

14.5

52.6

Of which: Private Enterprises

5.69

87.73

6.10

186.6

129.6

51.6

11.2

26.0

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

710640.1

13.2

698053.4

13.1

42481.2

21.2

Mining and Washing of Coal

16837.7

37.9

15585.0

36.3

1714.0

1372.5

Extraction of Petroleum and Natural Gas

4397.4

25.2

4321.5

25.3

232.9

(注1

Mining of Ferrous Metal Ores

3762.2

20.1

3720.5

20.1

267.4

71.3

Mining of Non-Ferrous Metal Ores

3911.6

10.1

3880.4

9.9

354.1

41.0

Mining And Processing of Nonmetal Ores

3140.6

6.6

3111.6

6.2

222.4

10.0

Mining Support Service Activities

876.8

8.8

862.9

7.9

3.6

(注2

Mining of Other Ores N.E.C

21.9

67.2

21.9

67.2

1.2

33.3

Processing of Food From Agricultural Products

39332.7

8.4

39127.4

8.4

1786.7

5.7

Manufacture of Foods

14229.9

9.1

14068.4

9.2

1158.2

8.1

Manufacture of Wines, Beverage and Refined Tea

11295.2

9.8

11181.7

9.9

1165.5

14.8

Manufacture of Cigarettes And Tobacco

5764.6

-1.0

5216.0

0.8

615.8

-9.1

Manufacture of Textile

24308.0

8.9

23970.0

8.8

1163.7

5.4

Manufacture of Textile Wearing Apparel And Ornament

13710.7

7.4

13578.0

7.5

767.9

12.0

Manufacture of  Leather, Fur, Feather Aad Its Products

8865.5

7.1

8845.9

7.1

516.5

10.2

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

8453.0

8.6

8436.0

8.6

485.4

8.0

Manufacture of Furniture

5210.1

13.0

5183.8

13.0

317.2

13.0

Manufacture of  Paper and Paper Products

9154.3

13.9

9046.2

13.7

554.9

39.3

Printing, Reproduction of Recording Media

4788.0

10.4

4753.4

10.4

298.5

6.0

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

10145.3

11.9

10063.9

11.4

542.4

13.0

Processing of Petroleum, Coking, Processing of Nucleus Fuel

23915.5

25.0

23368.4

24.7

1215.4

25.1

Manufacture of Chemical Raw Material  and Chemical Products

55448.1

15.2

54624.1

15.3

3474.7

32.2

Manufacture of Medicines

17073.5

11.9

16934.5

11.9

1875.6

18.7

Manufacture of Chemical Fibres

5034.6

14.6

4922.2

14.9

240.5

54.6

Manufacture of Rubber and Plastics Products

19628.4

9.9

19417.7

9.7

1121.4

4.8

Manufacture of Non-Metallic Mineral Products

37076.6

12.6

36877.4

12.6

2485.9

25.1

Manufacture and Processing of Ferrous Metals

43180.9

22.6

41531.7

22.7

1624.8

101.5

Manufacture and Processing of Non-Ferrous Metals

34778.5

17.6

33651.1

17.0

1160.3

45.6

Manufacture of Fabricated Metal Products

23182.5

11.2

22947.2

11.0

1174.7

8.1

Manufacture of General-Purpose Machinery

29308.4

11.9

28707.7

11.8

1833.3

18.1

Manufacture of Special-Purpose Machinery

22513.1

12.4

22325.8

12.4

1391.9

22.6

Manufacture of Motor Vehicles

49182.6

12.1

47936.9

11.8

3966.1

11.9

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

9452.3

5.7

9324.1

5.5

512.2

-1.2

Manufacture of Electrical Machinery and Equipment

45268.7

12.0

44379.9

12.0

2574.6

8.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

59290.4

14.3

58661.7

14.2

2679.7

15.3

Manufacture of Measuring Instrument and Meter

5600.2

14.8

5552.0

15.1

470.7

29.6

Other Manufacturing

1459.9

8.5

1450.0

8.2

80.5

5.9

Waste Recycling and Recovery

2470.6

18.3

2458.0

18.5

133.1

43.7

Repair of  Fabricated Metal Products, Machinery and Equipment

615.9

0.8

594.2

-1.8

25.1

-3.1

Production and Supply of Electric Power and Heat Power

32655.2

7.2

32271.8

7.1

1824.4

-31.7

Production and Distribution of Gas

3947.8

13.4

3867.4

13.7

309.4

10.6

Production and Distribution of Water

1351.2

11.0

1275.2

11.4

138.8

53.0

 

 

 

 

 

 

 

Note : 1. Extraction of Petroleum and Natural Gas had a loss of 38.33 billion yuan in the same period of last year.

2. Mining Support Service Activities had a loss of 2.91 billion yuan in the same period of last year.

 

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

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

609689.4

13.2

598356.6

13.1

Mining and Washing of Coal

12712.0

22.9

11502.3

19.6

Extraction of Petroleum and Natural Gas

3405.1

6.2

3295.3

6.2

Mining of Ferrous Metal Ores

3211.0

17.6

3172.0

17.7

Mining of Non-Ferrous Metal Ores

3262.0

7.5

3238.1

7.5

Mining And Processing of Nonmetal Ores

2585.7

6.7

2560.4

6.2

Mining Support Service Activities

847.9

4.8

837.6

4.0

Mining of Other Ores N.E.C

16.8

66.3

16.8

66.3

Processing of Food From Agricultural Products

35397.3

8.7

35227.5

8.8

Manufacture of Foods

11503.7

9.9

11354.9

10.0

Manufacture of Wines, Beverage and Refined Tea

8547.5

9.8

8453.2

9.8

Manufacture of Cigarettes And Tobacco

2025.2

-3.5

1488.7

1.8

Manufacture of Textile

21883.9

9.2

21607.5

9.3

Manufacture of Textile Wearing Apparel And Ornament

11815.3

7.1

11704.5

7.2

Manufacture of  Leather, Fur, Feather Aad Its Products

7728.2

6.9

7713.2

6.9

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

7442.3

8.8

7429.9

8.8

Manufacture of Furniture

4429.0

12.8

4411.3

12.9

Manufacture of  Paper and Paper Products

7919.1

13.1

7828.8

12.9

Printing, Reproduction of Recording Media

4092.6

11.1

4067.7

11.0

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

8922.0

12.1

8852.6

11.6

Processing of Petroleum, Coking, Processing of Nucleus Fuel

19272.1

30.6

18745.1

30.3

Manufacture of Chemical Raw Material  and Chemical Products

47709.2

15.1

46957.1

15.2

Manufacture of Medicines

11956.3

10.5

11856.7

10.5

Manufacture of Chemical Fibres

4546.1

13.9

4444.6

14.3

Manufacture of Rubber and Plastics Products

17068.5

10.5

16890.2

10.4

Manufacture of Non-Metallic Mineral Products

31726.6

11.9

31561.0

11.9

Manufacture and Processing of Ferrous Metals

39485.7

21.5

37939.3

21.7

Manufacture and Processing of Non-Ferrous Metals

32397.4

17.2

31322.7

16.6

Manufacture of Fabricated Metal Products

20449.1

11.5

20255.5

11.4

Manufacture of General-Purpose Machinery

24951.3

12.0

24393.7

11.8

Manufacture of Special-Purpose Machinery

19002.4

11.9

18854.9

12.1

Manufacture of Motor Vehicles

41373.3

12.5

40344.9

12.3

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

8172.0

5.9

8063.3

5.7

Manufacture of Electrical Machinery and Equipment

38940.8

12.3

38124.4

12.4

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

52425.8

13.8

51838.0

13.8

Manufacture of Measuring Instrument and Meter

4565.7

14.9

4533.8

15.2

Other Manufacturing

1264.0

8.8

1255.7

8.5

Waste Recycling and Recovery

2239.9

17.5

2226.4

17.6

Repair of  Fabricated Metal Products, Machinery and Equipment

535.0

1.8

508.4

-2.0

Production and Supply of Electric Power and Heat Power

29436.6

11.6

29139.8

11.6

Production and Distribution of Gas

3422.0

14.5

3375.5

14.8

Production and Distribution of Water

1002.7

10.7

963.3

11.1

 

 

 

 

 

           

 

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.

 

 

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