Industrial Profits Increased in the First Ten Months of 2017
National Bureau of Statistics of China2017-11-27 16:44




In the first ten months of 2017, the profits made by industrial enterprises above the designated size achieved 6,245.08 billion yuan, a year-on-year increase of 23.3 percent, and the growth rate increased by 0.5 percentage points from the first nine months.

 

In the first ten months, the profits of state-holding industrial enterprises above the designated size gained 1,409.71 billion yuan, up by 48.7 percent year-on-year; that of collective-owned enterprises reached 37.13 billion yuan, an increase of 3.2 percent; that of joint-stock enterprises stood at 4,372.3 billion yuan, up by 25.3 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,513.28 billion yuan, increased by 18.5 percent; and that of private enterprises gained 2,028.56 billion yuan, an increase of 14.2 percent.

 

In the first ten months, the profits of mining and quarrying reached 411.16 billion yuan, up by 4.1 times year-on-year; that of manufacturing was 5,484.78 billion yuan, an increase of 20.1 percent; that of production and distribution of electricity, heat, gas and water reached 349.14 billion yuan, down by 16.3 percent.

 

In the first ten 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 6.3 times year-on-year, that of processing of food from agricultural products increased by 5.1 percent year-on-year, that of manufacture of textile up by 3.2 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 41.1 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 23.2 percent, that of manufacture and processing of ferrous metals increased by 1.6 times, that of manufacture and processing of non-ferrous metals increased by 44.1 percent, that of manufacture of general-purpose machinery up by 14.6 percent, that of manufacture of special-purpose machinery up by 27.1 percent, that of manufacture of motor vehicles increased by 8.8 percent, that of manufacture of electrical machinery and equipment increased by 9.1 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 19.3 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 21.7 percent.

 

In the first ten months, the revenue from principal activities of industrial enterprises above the designated size reached 100.1 trillion yuan, increased by 12.4 percent year-on-year. The costs of principal activities were 85.5 trillion yuan, up by 12.0 percent. The profit rate of revenue from principal activities was 6.24 percent, an increase of 0.55 percentage points year-on-year.

 

By the end of October, the total assets of industrial enterprises above the designated size was 111.5 trillion yuan, increased by 7.7 percent year-on-year; the total liabilities reached 62.1 trillion yuan, increased by 6.7 percent; the total owners' equity was 49.4 trillion yuan, increased by 9.0 percent. The asset-liability ratio was 55.7 percent, a decrease of 0.5 percentage points year-on-year.

 

By the end of October, the total volume of receivable accounts for industrial enterprises above designated hit 13.5 trillion yuan, went up by 8.4 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,190.82 billion yuan, increased by 9.0 percent.

 

In the first ten months, the costs for per-hundred-yuan turnover of principal activities stood at 85.46 yuan, a decrease of 0.26 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 7.38 yuan, a decrease of 0.25 yuan; the revenue from principal activities brought by per hundred yuan assets was 112.1 yuan, an increase of 4.6 yuan; the revenue from principal activities per capita was 1339 thousand yuan, an increase of 159 thousand yuan; the turnover days of finished goods were 13.9 days, a decrease of 0.6 days; the days sales outstanding hit an average of 38.0 days, a decrease of 1.0 day.

 

In October, the profits made by industrial enterprises above the designated size achieved 745.41 billion yuan, a year-on-year increase of 25.1 percent, and the growth rate decreased by 2.6 percentage points from September.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Ten Months of 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1019145.1

12.4

1000662.9

12.4

62450.8

23.3

Of which: Mining and Quarrying

45856.6

22.0

43722.4

21.9

4111.6

405.4

Manufacturing

917884.7

12.2

902342.2

12.2

54847.8

20.1

Production and Distribution of Electricity, Heat, Gas and Water

55403.8

8.7

54598.3

8.6

3491.4

-16.3

 Of which: State-holding Enterprises

221154.4

16.1

212764.0

16.3

14097.1

48.7

Of which: Collective-owned Enterprises

5347.3

6.2

5242.4

5.7

371.3

3.2

        Joint-Stock Enterprises

735730.6

13.4

722209.2

13.3

43723.0

25.3

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

224175.0

11.1

220091.8

10.9

15132.8

18.5

Of which: Private Enterprises

355863.4

10.5

352943.1

10.5

20285.6

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 Ten Months of 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

871717.2

12.0

855170.1

12.0

 

Of which: Mining and Quarrying

35842.9

12.2

33813.8

11.8

 

Manufacturing

786493.6

12.1

772543.8

12.0

 

Production and Distribution of Electricity, Heat, Gas and Water

49380.7

11.7

48812.5

11.6

 

 Of which: State-holding Enterprises

181842.6

15.5

174162.6

15.7

 

Of which: Collective-owned Enterprises

4491.8

5.9

4405.9

5.6

 

        Joint-Stock Enterprises

629446.2

12.9

617119.9

12.9

 

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

190569.7

11.0

187121.3

10.9

 

Of which: Private Enterprises

311621.5

10.3

308942.7

10.3

 

 

 

 

 

 

 

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 Ten 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

6.24

85.46

7.38

112.1

133.9

55.7

13.9

38.0

Of which: Mining and Quarrying

9.40

77.34

10.14

55.4

90.6

60.4

13.1

33.1

Manufacturing

6.08

85.62

7.35

132.2

134.4

54.2

14.8

38.9

Production and Distribution of Electricity, Heat, Gas and Water

6.39

89.40

5.78

41.8

196.8

61.0

0.6

26.2

 Of which: State-holding Enterprises

6.63

81.86

8.05

61.8

169.3

60.9

15.5

41.0

Of which: Collective-owned Enterprises

7.08

84.04

8.80

117.1

128.4

60.1

21.3

26.1

        Joint-Stock Enterprises

6.05

85.45

7.37

112.7

135.3

56.5

14.1

34.6

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

6.88

85.02

7.92

123.2

125.4

54.2

14.5

53.7

Of which: Private Enterprises

5.75

87.53

6.28

181.0

128.0

51.4

11.6

27.0

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1019145.1

12.4

1000662.9

12.4

62450.8

23.3

Mining and Washing of Coal

23496.3

32.9

21701.1

34.1

2506.3

628.8

Extraction of Petroleum and Natural Gas

6338.3

22.6

6211.1

22.4

406.5

(Note 1)

Mining of Ferrous Metal Ores

5084.4

14.4

5006.5

14.2

372.4

56.4

Mining of Non-Ferrous Metal Ores

5419.1

9.7

5371.4

9.5

514.2

41.8

Mining And Processing of Nonmetal Ores

4241.3

1.5

4178.4

0.7

303.4

5.8

Mining Support Service Activities

1241.5

6.4

1218.2

5.5

7.4

(Note 2)

Mining of Other Ores N.E.C

35.6

58.2

35.6

58.9

1.5

36.4

Processing of Food From Agricultural Products

56766.9

6.5

56475.4

6.6

2597.9

5.1

Manufacture of Foods

19832.7

8.9

19598.7

8.9

1520.2

8.2

Manufacture of Wines, Beverage and Refined Tea

15608.5

9.6

15438.8

9.6

1690.0

20.0

Manufacture of Cigarettes And Tobacco

8232.5

1.7

7460.1

3.5

842.8

-3.8

Manufacture of Textile

34742.5

6.6

34232.4

6.3

1658.8

3.2

Manufacture of Textile Wearing Apparel And Ornament

19832.4

5.0

19631.9

5.1

1097.7

8.6

Manufacture of  Leather, Fur, Feather Aad Its Products

12895.8

5.7

12864.4

5.7

763.4

9.2

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

11929.5

4.0

11900.9

3.9

672.9

4.8

Manufacture of Furniture

7567.9

11.1

7525.7

11.0

449.6

11.2

Manufacture of  Paper and Paper Products

13288.7

14.6

13126.0

14.4

849.0

44.5

Printing, Reproduction of Recording Media

6927.4

8.3

6873.2

8.2

449.9

8.0

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

14745.2

10.6

14626.4

10.2

790.3

10.2

Processing of Petroleum, Coking, Processing of Nucleus Fuel

34431.2

25.4

33620.9

25.3

1892.2

41.1

Manufacture of Chemical Raw Material  and Chemical Products

77929.8

14.8

76699.4

14.9

5096.4

37.9

Manufacture of Medicines

24294.6

13.0

24102.9

13.1

2713.2

18.2

Manufacture of Chemical Fibres

7363.3

15.2

7193.8

15.4

364.8

48.6

Manufacture of Rubber and Plastics Products

27726.8

9.0

27414.2

8.9

1546.2

4.1

Manufacture of Non-Metallic Mineral Products

54103.9

10.9

53797.1

10.8

3719.5

23.2

Manufacture and Processing of Ferrous Metals

60714.3

23.3

58350.7

23.5

2737.3

162.2

Manufacture and Processing of Non-Ferrous Metals

49277.8

17.4

47724.4

17.1

1738.9

44.1

Manufacture of Fabricated Metal Products

32773.2

9.8

32389.1

9.5

1667.1

7.8

Manufacture of General-Purpose Machinery

41544.3

9.8

40701.6

9.8

2585.4

14.6

Manufacture of Special-Purpose Machinery

31709.5

10.5

31422.3

10.6

2011.0

27.1

Manufacture of Motor Vehicles

71799.6

11.7

69957.2

11.6

5622.1

8.8

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

13481.9

7.6

13299.9

7.4

770.4

4.2

Manufacture of Electrical Machinery and Equipment

65664.6

12.3

64319.7

12.4

3859.4

9.1

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

87919.0

13.1

86929.3

13.1

4079.1

19.3

Manufacture of Measuring Instrument and Meter

8234.6

14.4

8162.2

14.6

704.1

24.4

Other Manufacturing

2103.9

9.8

2090.0

9.6

116.0

12.3

Waste Recycling and Recovery

3557.4

17.6

3537.6

17.8

199.1

40.3

Repair of  Fabricated Metal Products, Machinery and Equipment

885.0

14.2

876.0

14.0

42.9

-4.0

Production and Supply of Electric Power and Heat Power

48023.4

7.9

47447.3

7.8

2856.2

-21.7

Production and Distribution of Gas

5370.2

15.0

5250.2

15.3

415.9

13.8

Production and Distribution of Water

2010.2

11.0

1900.8

11.4

219.3

42.5

 

 

 

 

 

 

 

Note : 1. Extraction of Petroleum and Natural Gas had a loss of 37.24 billion yuan in the same period of last year.

2. Mining Support Service Activities had a loss of 4.63 billion yuan in the same period of last year.

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

Jan-Oct (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

871717.2

12.0

855170.1

12.0

Mining and Washing of Coal

17526.7

18.9

15848.4

19.0

Extraction of Petroleum and Natural Gas

4835.0

6.0

4668.5

6.2

Mining of Ferrous Metal Ores

4308.6

12.0

4242.4

12.0

Mining of Non-Ferrous Metal Ores

4483.6

7.1

4446.8

7.1

Mining And Processing of Nonmetal Ores

3475.4

1.2

3422.5

0.4

Mining Support Service Activities

1185.1

0.7

1156.8

-1.1

Mining of Other Ores N.E.C

28.5

59.2

28.5

59.2

Processing of Food From Agricultural Products

51083.1

6.6

50841.9

6.7

Manufacture of Foods

16159.2

9.6

15945.1

9.7

Manufacture of Wines, Beverage and Refined Tea

11660.7

9.0

11529.4

9.1

Manufacture of Cigarettes And Tobacco

2877.3

-1.1

2123.4

4.0

Manufacture of Textile

31240.2

6.7

30817.0

6.7

Manufacture of Textile Wearing Apparel And Ornament

17102.7

4.7

16934.0

4.8

Manufacture of  Leather, Fur, Feather Aad Its Products

11219.1

5.4

11196.1

5.4

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

10510.0

4.0

10489.2

4.0

Manufacture of Furniture

6426.3

10.6

6395.4

10.6

Manufacture of  Paper and Paper Products

11441.4

13.6

11309.4

13.3

Printing, Reproduction of Recording Media

5909.2

8.6

5871.1

8.5

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

12960.6

10.7

12856.3

10.2

Processing of Petroleum, Coking, Processing of Nucleus Fuel

27516.6

29.7

26740.1

29.6

Manufacture of Chemical Raw Material  and Chemical Products

66665.3

14.2

65565.3

14.3

Manufacture of Medicines

16843.3

11.4

16706.8

11.5

Manufacture of Chemical Fibres

6625.6

14.4

6472.2

14.7

Manufacture of Rubber and Plastics Products

24096.6

9.5

23826.4

9.3

Manufacture of Non-Metallic Mineral Products

46171.2

10.1

45921.5

10.1

Manufacture and Processing of Ferrous Metals

54883.0

21.1

52648.1

21.4

Manufacture and Processing of Non-Ferrous Metals

45730.3

16.8

44220.6

16.4

Manufacture of Fabricated Metal Products

28855.1

10.1

28533.6

9.9

Manufacture of General-Purpose Machinery

35303.9

9.7

34537.3

9.6

Manufacture of Special-Purpose Machinery

26658.7

9.8

26437.3

9.9

Manufacture of Motor Vehicles

60387.1

12.3

58812.8

12.1

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

11608.6

7.6

11451.3

7.3

Manufacture of Electrical Machinery and Equipment

56277.9

12.5

55050.3

12.5

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

77802.9

12.7

76922.9

12.8

Manufacture of Measuring Instrument and Meter

6681.4

14.1

6633.8

14.3

Other Manufacturing

1822.0

9.8

1810.1

9.6

Waste Recycling and Recovery

3213.3

16.9

3194.3

17.2

Repair of  Fabricated Metal Products, Machinery and Equipment

760.8

13.8

751.2

13.9

Production and Supply of Electric Power and Heat Power

43260.1

11.3

42822.1

11.2

Production and Distribution of Gas

4637.3

16.0

4567.4

16.2

Production and Distribution of Water

1483.3

11.2

1423.1

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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