Industrial Profits Increased in the First Eight Months of 2017
National Bureau of Statistics of China2017-09-27 15:43




In the first eight months of 2017, the profits made by industrial enterprises above the designated size achieved 4,921.35 billion yuan, a year-on-year increase of 21.6 percent, and the growth rate increased by 0.4 percentage points from the first seven months.

 

In the first eight months, the profits of state-holding industrial enterprises above the designated size gained 1,084.07 billion yuan, up by 46.3 percent year-on-year; that of collective-owned enterprises reached 29.41 billion yuan, an increase of 4.6 percent; that of joint-stock enterprises stood at 3,462.93 billion yuan, up by 23.3 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,180.94 billion yuan, increased by 18.0 percent; and that of private enterprises gained 1,633.21 billion yuan, an increase of 14.0 percent.

 

In the first eight months, the profits of mining and quarrying reached 324.89 billion yuan, up by 5.9 times year-on-year; that of manufacturing was 4,322.33 billion yuan, an increase of 18.6 percent; that of production and distribution of electricity, heat, gas and water reached 274.13 billion yuan, down by 22.6 percent.

 

In the first eight months, within 41 branches of industrial divisions, the industrial profits of 39 industrial divisions increased year-on-year, and that of 2 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased by 9.6 times year-on-year, that of processing of food from agricultural products increased by 5.5 percent year-on-year, that of manufacture of textile up by 4.1 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 32.9 percent, that of manufacture of chemical raw material and chemical products increased by 36.1 percent, that of manufacture of non-metallic mineral products increased by 23.9 percent, that of manufacture and processing of ferrous metals increased by 1.1 times, that of manufacture and processing of non-ferrous metals increased by 44.8 percent, that of manufacture of general-purpose machinery up by 16.9 percent, that of manufacture of special-purpose machinery up by 22.7 percent, that of manufacture of motor vehicles increased by 11.7 percent, that of manufacture of electrical machinery and equipment increased by 8.1 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 16.1 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 28.4 percent.

 

In the first eight months, the revenue from principal activities of industrial enterprises above the designated size reached 80.3 trillion yuan, increased by 12.7 percent year-on-year. The costs of principal activities were 68.8 trillion yuan, up by 12.5 percent. The profit rate of revenue from principal activities was 6.13 percent, an increase of 0.45 percentage points year-on-year.

 

By the end of August, the total assets of industrial enterprises above the designated size was 109.2 trillion yuan, increased by 7.7 percent year-on-year; the total liabilities reached 60.9 trillion yuan, increased by 6.4 percent; the total owners' equity was 48.3 trillion yuan, increased by 9.4 percent. The asset-liability ratio was 55.7 percent, a decrease of 0.7 percentage points year-on-year.

 

By the end of August, the total volume of receivable accounts for industrial enterprises above designated hit 13.0 trillion yuan, went up by 9.0 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,102.49 billion yuan, increased by 7.9 percent.

 

In the first eight months, the costs for per-hundred-yuan turnover of principal activities stood at 85.68 yuan, a decrease of 0.12 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 7.28 yuan, a decrease of 0.29 yuan; the revenue from principal activities brought by per hundred yuan assets was 113.7 yuan, an increase of 5.0 yuan; the revenue from principal activities per capita was 1339 thousand yuan, an increase of 158 thousand yuan; the turnover days of finished goods were 13.7 days, a decrease of 0.7 days; the days sales outstanding hit an average of 37.0 days, a decrease of 0.9 day.

 

In August, the profits made by industrial enterprises above the designated size achieved 671.97 billion yuan, a year-on-year increase of 24.0 percent, and the growth rate increased by 7.5 percentage points from July.

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Eight Months of 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

817385.7

12.8

802973.9

12.7

49213.5

21.6

Of which: Mining and Quarrying

37829.8

24.5

36161.0

23.7

3248.9

587.5

Manufacturing

735402.6

12.5

723283.9

12.5

43223.3

18.6

Production and Distribution of Electricity, Heat, Gas and Water

44153.3

8.0

43529.0

7.9

2741.3

-22.6

 Of which: State-holding Enterprises

175425.1

16.2

168707.9

16.2

10840.7

46.3

Of which: Collective-owned Enterprises

4310.3

6.0

4245.9

5.9

294.1

4.6

        Joint-Stock Enterprises

593258.7

13.8

582726.3

13.7

34629.3

23.3

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

177111.7

11.2

173884.9

11.0

11809.4

18.0

Of which: Private Enterprises

287804.9

11.3

285692.3

11.3

16332.1

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 Eight Months of 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

700950.2

12.6

688005.5

12.5

 

Of which: Mining and Quarrying

29853.0

14.4

28223.2

13.0

 

Manufacturing

631742.1

12.5

620867.5

12.5

 

Production and Distribution of Electricity, Heat, Gas and Water

39355.1

11.7

38914.8

11.8

 

 Of which: State-holding Enterprises

144861.4

15.9

138708.7

15.9

 

Of which: Collective-owned Enterprises

3684.7

7.2

3633.7

7.4

 

        Joint-Stock Enterprises

509003.5

13.5

499329.9

13.4

 

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

150789.7

11.3

148082.2

11.1

 

Of which: Private Enterprises

252486.1

11.1

250525.7

11.2

 

 

 

 

 

 

 

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 Eight 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

6.13

85.68

7.28

113.7

133.9

55.7

13.7

37.0

Of which: Mining and Quarrying

8.98

78.05

9.84

57.4

92.7

60.4

12.6

32.0

Manufacturing

5.98

85.84

7.25

134.1

134.4

54.2

14.6

37.9

Production and Distribution of Electricity, Heat, Gas and Water

6.30

89.40

5.70

41.9

196.4

61.0

0.6

27.2

 Of which: State-holding Enterprises

6.43

82.22

7.99

61.7

167.2

61.0

15.6

40.9

Of which: Collective-owned Enterprises

6.93

85.58

8.81

119.2

128.1

62.7

20.3

26.7

        Joint-Stock Enterprises

5.94

85.69

7.26

114.7

135.9

56.7

13.8

33.7

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

6.79

85.16

7.86

123.5

123.8

53.7

14.5

52.5

Of which: Private Enterprises

5.72

87.69

6.12

185.9

129.8

51.4

11.2

26.1

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

817385.7

12.8

802973.9

12.7

49213.5

21.6

Mining and Washing of Coal

19358.0

36.4

17913.6

35.6

2001.1

955.4

Extraction of Petroleum and Natural Gas

5020.0

23.7

4931.1

23.7

274.4

(注1

Mining of Ferrous Metal Ores

4341.7

18.4

4294.1

18.5

303.7

68.6

Mining of Non-Ferrous Metal Ores

4471.6

8.7

4434.3

8.5

408.3

38.8

Mining And Processing of Nonmetal Ores

3599.3

5.4

3565.4

5.0

256.2

10.1

Mining Support Service Activities

1013.0

10.0

996.2

9.0

3.8

(注2

Mining of Other Ores N.E.C

26.3

66.5

26.3

66.5

1.3

30.0

Processing of Food From Agricultural Products

45291.3

7.6

45053.5

7.6

2060.1

5.5

Manufacture of Foods

16453.6

8.7

16266.6

8.8

1352.3

8.6

Manufacture of Wines, Beverage and Refined Tea

12988.0

9.4

12854.8

9.4

1347.7

14.9

Manufacture of Cigarettes And Tobacco

6563.7

0.3

5931.8

1.9

683.6

-6.8

Manufacture of Textile

27852.7

7.9

27464.1

7.8

1328.8

4.1

Manufacture of Textile Wearing Apparel And Ornament

15822.3

6.8

15664.4

6.9

875.9

10.7

Manufacture of  Leather, Fur, Feather Aad Its Products

10187.2

6.5

10159.5

6.5

591.0

9.8

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

9768.3

7.7

9747.4

7.7

555.9

6.7

Manufacture of Furniture

6006.7

12.3

5975.6

12.3

360.7

11.2

Manufacture of  Paper and Paper Products

10540.9

14.0

10416.7

13.9

641.8

39.1

Printing, Reproduction of Recording Media

5495.0

9.6

5454.3

9.5

345.0

5.4

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

11669.9

11.0

11576.7

10.6

619.0

10.9

Processing of Petroleum, Coking, Processing of Nucleus Fuel

27543.3

24.7

26929.7

24.4

1433.6

32.9

Manufacture of Chemical Raw Material  and Chemical Products

63173.9

14.4

62229.3

14.5

4054.6

36.1

Manufacture of Medicines

19602.6

11.7

19448.7

11.7

2127.6

18.3

Manufacture of Chemical Fibres

5806.2

15.2

5679.4

15.5

278.2

48.6

Manufacture of Rubber and Plastics Products

22506.6

8.9

22264.9

8.8

1277.8

4.0

Manufacture of Non-Metallic Mineral Products

42862.1

11.6

42630.9

11.6

2887.3

23.9

Manufacture and Processing of Ferrous Metals

49743.8

22.3

47846.9

22.4

2035.0

106.9

Manufacture and Processing of Non-Ferrous Metals

40005.7

17.2

38810.6

17.2

1362.1

44.8

Manufacture of Fabricated Metal Products

26627.3

10.2

26359.2

10.0

1348.4

7.3

Manufacture of General-Purpose Machinery

33629.7

11.1

32938.1

11.0

2105.2

16.9

Manufacture of Special-Purpose Machinery

25771.0

11.6

25551.3

11.6

1599.0

22.7

Manufacture of Motor Vehicles

56224.9

12.0

54765.7

11.8

4478.3

11.7

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

10885.7

6.7

10738.1

6.5

591.9

1.5

Manufacture of Electrical Machinery and Equipment

52155.8

12.1

51126.8

12.1

2973.9

8.1

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

68508.9

14.0

67769.3

14.0

3084.1

16.1

Manufacture of Measuring Instrument and Meter

6496.1

14.8

6440.2

15.1

542.1

26.5

Other Manufacturing

1668.6

8.2

1657.9

8.1

91.6

5.9

Waste Recycling and Recovery

2860.9

17.4

2847.4

17.7

155.7

42.8

Repair of  Fabricated Metal Products, Machinery and Equipment

689.8

-1.1

683.9

-1.0

34.9

18.7

Production and Supply of Electric Power and Heat Power

38108.1

7.3

37661.9

7.2

2228.8

-28.4

Production and Distribution of Gas

4476.1

13.0

4384.8

13.4

344.4

9.0

Production and Distribution of Water

1569.1

11.2

1482.3

11.4

168.1

48.4

 

 

 

 

 

 

 

Note : 1. Extraction of Petroleum and Natural Gas had a loss of 39.12 billion yuan in the same period of last year.

2. Mining Support Service Activities had a loss of 3.36 billion yuan in the same period of last year.

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

Jan-Aug (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

700950.2

12.6

688005.5

12.5

Mining and Washing of Coal

14582.7

21.7

13194.6

19.3

Extraction of Petroleum and Natural Gas

3881.3

5.9

3754.0

6.1

Mining of Ferrous Metal Ores

3712.4

15.9

3667.5

16.2

Mining of Non-Ferrous Metal Ores

3721.3

6.0

3693.8

6.0

Mining And Processing of Nonmetal Ores

2960.9

5.2

2931.6

4.7

Mining Support Service Activities

974.1

5.3

961.5

4.4

Mining of Other Ores N.E.C

20.3

65.0

20.2

64.2

Processing of Food From Agricultural Products

40766.2

7.8

40570.9

7.9

Manufacture of Foods

13293.8

9.4

13123.2

9.6

Manufacture of Wines, Beverage and Refined Tea

9824.9

9.3

9715.0

9.3

Manufacture of Cigarettes And Tobacco

2310.7

-2.1

1694.8

2.9

Manufacture of Textile

25075.2

8.2

24754.0

8.2

Manufacture of Textile Wearing Apparel And Ornament

13644.5

6.5

13513.5

6.6

Manufacture of  Leather, Fur, Feather Aad Its Products

8878.1

6.3

8860.1

6.2

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

8604.2

7.9

8589.0

7.9

Manufacture of Furniture

5106.4

12.1

5083.7

12.0

Manufacture of  Paper and Paper Products

9118.5

13.3

9014.5

13.1

Printing, Reproduction of Recording Media

4694.6

10.1

4666.2

10.1

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

10263.8

11.2

10178.3

10.6

Processing of Petroleum, Coking, Processing of Nucleus Fuel

22154.0

29.5

21564.0

29.3

Manufacture of Chemical Raw Material  and Chemical Products

54278.0

14.1

53429.3

14.2

Manufacture of Medicines

13727.4

10.3

13618.0

10.3

Manufacture of Chemical Fibres

5242.0

14.5

5129.2

15.0

Manufacture of Rubber and Plastics Products

19567.7

9.4

19357.3

9.3

Manufacture of Non-Metallic Mineral Products

36652.8

10.9

36459.9

10.9

Manufacture and Processing of Ferrous Metals

45323.9

21.0

43539.1

21.2

Manufacture and Processing of Non-Ferrous Metals

37205.9

16.7

36058.5

16.6

Manufacture of Fabricated Metal Products

23484.1

10.4

23258.7

10.4

Manufacture of General-Purpose Machinery

28625.6

11.1

27983.8

10.9

Manufacture of Special-Purpose Machinery

21742.6

11.0

21574.6

11.2

Manufacture of Motor Vehicles

47327.0

12.4

46118.2

12.2

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

9411.6

6.9

9287.1

6.7

Manufacture of Electrical Machinery and Equipment

44874.7

12.4

43932.7

12.4

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

60624.2

13.6

59938.5

13.6

Manufacture of Measuring Instrument and Meter

5290.8

14.7

5254.2

14.9

Other Manufacturing

1445.7

8.4

1437.6

8.3

Waste Recycling and Recovery

2592.3

16.6

2578.9

16.9

Repair of  Fabricated Metal Products, Machinery and Equipment

591.0

-1.8

584.5

-1.6

Production and Supply of Electric Power and Heat Power

34313.6

11.5

33972.6

11.5

Production and Distribution of Gas

3882.0

14.1

3828.4

14.3

Production and Distribution of Water

1159.5

10.8

1113.8

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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