Industrial Profits Increased in the First Nine Months of 2017
National Bureau of Statistics of China2017-10-30 14:03




In the first nine months of 2017, the profits made by industrial enterprises above the designated size achieved 5,584.6 billion yuan, a year-on-year increase of 22.8 percent, and the growth rate increased by 1.2 percentage points from the first eight months.

 

In the first nine months, the profits of state-holding industrial enterprises above the designated size gained 1,257.74 billion yuan, up by 47.6 percent year-on-year; that of collective-owned enterprises reached 32.34 billion yuan, an increase of 4.3 percent; that of joint-stock enterprises stood at 3,909.67 billion yuan, up by 24.6 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,351.43 billion yuan, increased by 18.5 percent; and that of private enterprises gained 1,828.59 billion yuan, an increase of 14.5 percent.

 

In the first nine months, the profits of mining and quarrying reached 369.2 billion yuan, up by 4.7 times year-on-year; that of manufacturing was 4,898.43 billion yuan, an increase of 19.6 percent; that of production and distribution of electricity, heat, gas and water reached 316.97 billion yuan, down by 18.3 percent.

 

In the first nine 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 7.2 times year-on-year, that of processing of food from agricultural products increased by 6.0 percent year-on-year, that of manufacture of textile up by 3.7 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 38.4 percent, that of manufacture of chemical raw material and chemical products increased by 37.9 percent, that of manufacture of non-metallic mineral products increased by 24.6 percent, that of manufacture and processing of ferrous metals increased by 1.2 times, that of manufacture and processing of non-ferrous metals increased by 47.1 percent, that of manufacture of general-purpose machinery up by 15.8 percent, that of manufacture of special-purpose machinery up by 24.5 percent, that of manufacture of motor vehicles increased by 10.3 percent, that of manufacture of electrical machinery and equipment increased by 8.8 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 17.6 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 23.7 percent.

 

In the first nine months, the revenue from principal activities of industrial enterprises above the designated size reached 90.5 trillion yuan, increased by 12.5 percent year-on-year. The costs of principal activities were 77.4 trillion yuan, up by 12.2 percent. The profit rate of revenue from principal activities was 6.17 percent, an increase of 0.51 percentage points year-on-year.

 

By the end of September, the total assets of industrial enterprises above the designated size was 110.5 trillion yuan, increased by 7.9 percent year-on-year; the total liabilities reached 61.6 trillion yuan, increased by 6.7 percent; the total owners' equity was 48.9 trillion yuan, increased by 9.4 percent. The asset-liability ratio was 55.7 percent, a decrease of 0.6 percentage points year-on-year.

 

By the end of September, the total volume of receivable accounts for industrial enterprises above designated hit 13.2 trillion yuan, went up by 8.8 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,099.66 billion yuan, increased by 7.8 percent.

 

In the first nine months, the costs for per-hundred-yuan turnover of principal activities stood at 85.56 yuan, a decrease of 0.23 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 7.34 yuan, a decrease of 0.27 yuan; the revenue from principal activities brought by per hundred yuan assets was 113.2 yuan, an increase of 4.8 yuan; the revenue from principal activities per capita was 1342 thousand yuan, an increase of 160 thousand yuan; the turnover days of finished goods were 13.7 days, a decrease of 0.6 days; the days sales outstanding hit an average of 37.3 days, a decrease of 1.0 day.

 

In September, the profits made by industrial enterprises above the designated size achieved 662.18 billion yuan, a year-on-year increase of 27.7 percent, and the growth rate increased by 3.7 percentage points from August.

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Nine Months of 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

921038.2

12.6

904542.7

12.5

55846.0

22.8

Of which: Mining and Quarrying

42552.9

23.6

40641.8

23.2

3692.0

473.8

Manufacturing

828621.8

12.3

814755.7

12.3

48984.3

19.6

Production and Distribution of Electricity, Heat, Gas and Water

49863.5

8.4

49145.2

8.3

3169.7

-18.3

 Of which: State-holding Enterprises

199089.0

16.3

191486.7

16.4

12577.4

47.6

Of which: Collective-owned Enterprises

4785.0

6.7

4709.2

6.6

323.4

4.3

        Joint-Stock Enterprises

666688.5

13.6

654630.1

13.5

39096.7

24.6

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

201019.6

11.0

197339.7

10.8

13514.3

18.5

Of which: Private Enterprises

323400.1

11.0

320868.7

11.0

18285.9

14.5

 

 

 

 

 

 

 

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 Nine Months of 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

788756.7

12.3

773901.6

12.2

 

Of which: Mining and Quarrying

33485.9

13.8

31647.4

12.9

 

Manufacturing

710809.9

12.2

698298.7

12.2

 

Production and Distribution of Electricity, Heat, Gas and Water

44460.9

11.7

43955.5

11.6

 

 Of which: State-holding Enterprises

163929.0

15.7

157041.9

15.8

 

Of which: Collective-owned Enterprises

4032.4

6.5

3974.2

6.8

 

        Joint-Stock Enterprises

571228.9

13.2

560119.1

13.1

 

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

170940.1

11.0

167847.4

10.9

 

Of which: Private Enterprises

283519.8

10.8

281048.5

10.7

 

 

 

 

 

 

 

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 Nine 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

6.17

85.56

7.34

113.2

134.2

55.7

13.7

37.3

Of which: Mining and Quarrying

9.08

77.87

9.96

57.1

92.6

60.1

12.6

32.1

Manufacturing

6.01

85.71

7.31

133.3

134.6

54.2

14.6

38.3

Production and Distribution of Electricity, Heat, Gas and Water

6.45

89.44

5.75

42.0

196.7

61.0

0.6

26.3

 Of which: State-holding Enterprises

6.57

82.01

8.04

62.0

168.7

61.0

15.3

40.7

Of which: Collective-owned Enterprises

6.87

84.39

8.69

117.5

126.8

60.5

20.8

27.4

        Joint-Stock Enterprises

5.97

85.56

7.32

114.0

135.8

56.6

13.9

33.9

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

6.85

85.06

7.92

123.5

124.9

54.1

14.4

53.1

Of which: Private Enterprises

5.70

87.59

6.20

184.0

129.0

51.4

11.3

26.4

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

921038.2

12.6

904542.7

12.5

55846.0

22.8

Mining and Washing of Coal

21784.4

34.8

20126.6

34.7

2261.6

723.6

Extraction of Petroleum and Natural Gas

5673.5

22.7

5571.2

22.8

327.9

(注1

Mining of Ferrous Metal Ores

4903.4

17.2

4851.1

17.4

342.4

66.0

Mining of Non-Ferrous Metal Ores

4974.9

9.9

4932.8

9.7

464.6

39.3

Mining And Processing of Nonmetal Ores

4022.7

4.4

3984.1

3.9

287.3

10.1

Mining Support Service Activities

1162.9

10.6

1145.0

10.0

6.8

(注2

Mining of Other Ores N.E.C

31.0

71.3

31.0

71.3

1.4

27.3

Processing of Food From Agricultural Products

51315.3

7.0

51048.1

7.1

2338.3

6.0

Manufacture of Foods

17814.5

8.8

17611.3

9.0

1345.3

8.2

Manufacture of Wines, Beverage and Refined Tea

14758.0

9.8

14604.5

9.8

1573.8

19.4

Manufacture of Cigarettes And Tobacco

7500.2

1.6

6789.7

3.4

779.8

-3.8

Manufacture of Textile

31286.6

7.3

30847.0

7.1

1486.0

3.7

Manufacture of Textile Wearing Apparel And Ornament

17859.3

5.8

17678.8

5.8

990.4

11.4

Manufacture of  Leather, Fur, Feather Aad Its Products

11572.4

5.6

11543.5

5.6

680.6

9.4

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

11087.4

7.1

11065.2

7.1

625.5

5.7

Manufacture of Furniture

6785.2

11.2

6747.7

11.1

404.3

11.2

Manufacture of  Paper and Paper Products

11910.4

14.5

11767.0

14.3

739.3

41.1

Printing, Reproduction of Recording Media

6253.8

9.0

6206.4

9.0

399.2

8.1

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

13260.9

10.3

13151.1

9.8

714.3

11.8

Processing of Petroleum, Coking, Processing of Nucleus Fuel

30829.4

25.4

30118.9

25.1

1626.7

38.4

Manufacture of Chemical Raw Material  and Chemical Products

70600.6

14.6

69497.3

14.7

4521.6

37.9

Manufacture of Medicines

21889.9

12.1

21715.3

12.1

2419.9

18.4

Manufacture of Chemical Fibres

6612.0

15.7

6472.1

16.3

321.9

50.1

Manufacture of Rubber and Plastics Products

25119.8

9.0

24843.1

8.9

1413.9

4.4

Manufacture of Non-Metallic Mineral Products

48753.8

11.9

48479.5

11.9

3304.8

24.6

Manufacture and Processing of Ferrous Metals

55680.4

22.8

53544.7

23.1

2413.4

118.5

Manufacture and Processing of Non-Ferrous Metals

44364.2

17.2

42976.3

17.0

1514.3

47.1

Manufacture of Fabricated Metal Products

29805.9

9.7

29476.5

9.4

1500.6

7.2

Manufacture of General-Purpose Machinery

37606.0

9.7

36834.8

9.6

2343.5

15.8

Manufacture of Special-Purpose Machinery

28815.7

10.8

28563.0

10.8

1798.9

24.5

Manufacture of Motor Vehicles

64062.6

12.1

62408.7

11.9

5029.1

10.3

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

12144.9

6.7

11979.0

6.5

691.3

3.0

Manufacture of Electrical Machinery and Equipment

58823.5

12.0

57641.7

12.1

3418.9

8.8

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

78800.6

13.6

77937.2

13.6

3644.6

17.6

Manufacture of Measuring Instrument and Meter

7355.6

14.0

7291.6

14.2

620.6

24.9

Other Manufacturing

1901.2

7.8

1888.9

7.6

106.6

9.2

Waste Recycling and Recovery

3261.0

18.7

3243.3

18.9

179.7

44.1

Repair of  Fabricated Metal Products, Machinery and Equipment

790.7

-0.1

783.6

-0.1

37.2

31.0

Production and Supply of Electric Power and Heat Power

43117.7

7.5

42605.8

7.4

2593.2

-23.7

Production and Distribution of Gas

4951.9

15.0

4843.9

15.3

382.4

10.5

Production and Distribution of Water

1793.9

11.5

1695.5

11.8

194.2

46.1

 

 

 

 

 

 

 

Note : 1. Extraction of Petroleum and Natural Gas had a loss of 39.17 billion yuan in the same period of last year.

2. Mining Support Service Activities had a loss of 4.14 billion yuan in the same period of last year.

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

788756.7

12.3

773901.6

12.2

Mining and Washing of Coal

16346.7

20.5

14780.6

19.1

Extraction of Petroleum and Natural Gas

4371.2

5.8

4227.5

6.1

Mining of Ferrous Metal Ores

4193.4

14.8

4143.5

15.1

Mining of Non-Ferrous Metal Ores

4127.0

7.5

4094.4

7.4

Mining And Processing of Nonmetal Ores

3308.4

4.2

3274.4

3.6

Mining Support Service Activities

1114.9

5.3

1102.6

4.8

Mining of Other Ores N.E.C

24.4

73.0

24.4

73.0

Processing of Food From Agricultural Products

46192.4

7.2

45970.7

7.3

Manufacture of Foods

14520.1

9.5

14328.7

9.7

Manufacture of Wines, Beverage and Refined Tea

11114.4

9.2

10992.9

9.2

Manufacture of Cigarettes And Tobacco

2622.1

-1.0

1928.6

4.1

Manufacture of Textile

28148.2

7.5

27784.2

7.5

Manufacture of Textile Wearing Apparel And Ornament

15399.3

5.4

15246.5

5.4

Manufacture of  Leather, Fur, Feather Aad Its Products

10072.7

5.2

10051.3

5.2

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

9771.7

7.4

9754.5

7.4

Manufacture of Furniture

5763.9

10.8

5738.1

10.7

Manufacture of  Paper and Paper Products

10279.3

13.6

10162.5

13.4

Printing, Reproduction of Recording Media

5339.9

9.3

5306.6

9.3

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

11650.6

10.3

11555.5

9.7

Processing of Petroleum, Coking, Processing of Nucleus Fuel

24696.2

29.8

23912.1

29.0

Manufacture of Chemical Raw Material  and Chemical Products

60537.5

14.1

59537.4

14.2

Manufacture of Medicines

15216.5

10.3

15093.2

10.3

Manufacture of Chemical Fibres

5959.6

15.1

5833.9

15.7

Manufacture of Rubber and Plastics Products

21833.1

9.5

21593.5

9.3

Manufacture of Non-Metallic Mineral Products

41646.9

11.2

41420.8

11.1

Manufacture and Processing of Ferrous Metals

50508.6

21.0

48542.9

21.4

Manufacture and Processing of Non-Ferrous Metals

41230.3

16.5

39895.3

16.4

Manufacture of Fabricated Metal Products

26267.3

9.9

25990.5

9.7

Manufacture of General-Purpose Machinery

31984.4

9.6

31277.0

9.4

Manufacture of Special-Purpose Machinery

24264.6

10.1

24070.5

10.3

Manufacture of Motor Vehicles

53884.7

12.5

52484.7

12.3

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

10459.3

6.7

10315.8

6.5

Manufacture of Electrical Machinery and Equipment

50462.5

12.2

49385.5

12.3

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

69728.5

13.2

68947.1

13.2

Manufacture of Measuring Instrument and Meter

5976.2

13.7

5934.0

13.9

Other Manufacturing

1647.2

7.8

1637.4

7.6

Waste Recycling and Recovery

2951.3

17.9

2934.3

18.2

Repair of  Fabricated Metal Products, Machinery and Equipment

680.5

0.1

672.7

0.2

Production and Supply of Electric Power and Heat Power

38851.0

11.3

38462.3

11.2

Production and Distribution of Gas

4284.6

16.3

4221.5

16.4

Production and Distribution of Water

1325.2

11.2

1271.7

11.4

 

 

 

 

 

           

 

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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