Industrial Profits Increased in the First Eleven Months of 2017
National Bureau of Statistics of China2017-12-27 16:26




In the first eleven months of 2017, the profits made by industrial enterprises above the designated size achieved 6,875.01 billion yuan, a year-on-year increase of 21.9 percent, and the growth rate decreased by 1.4 percentage points from the first ten months.

 

In the first eleven months, the profits of state-holding industrial enterprises above the designated size gained 1,575.74 billion yuan, up by 46.2 percent year-on-year; that of collective-owned enterprises reached 36.8 billion yuan, a decrease of 8.2 percent; that of joint-stock enterprises stood at 4,801.95 billion yuan, up by 23.9 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,684.29 billion yuan, increased by 17.5 percent; and that of private enterprises gained 2,194.36 billion yuan, an increase of 12.7 percent.

 

In the first eleven months, the profits of mining and quarrying reached 443.4 billion yuan, up by 2.9 times year-on-year; that of manufacturing was 6,041.61 billion yuan, an increase of 18.9 percent; that of production and distribution of electricity, heat, gas and water reached 390.0 billion yuan, down by 12.8 percent.

 

In the first eleven 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 3.6 times year-on-year, that of processing of food from agricultural products increased by 5.0 percent year-on-year, that of manufacture of textile up by 2.1 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 36.0 percent, that of manufacture of chemical raw material and chemical products increased by 36.7 percent, that of manufacture of non-metallic mineral products increased by 21.9 percent, that of manufacture and processing of ferrous metals increased by 1.8 times, that of manufacture and processing of non-ferrous metals increased by 36.5 percent, that of manufacture of general-purpose machinery up by 12.9 percent, that of manufacture of special-purpose machinery up by 24.1 percent, that of manufacture of motor vehicles increased by 6.1 percent, that of manufacture of electrical machinery and equipment increased by 7.1 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 20.4 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 17.8 percent.

 

In the first eleven months, the revenue from principal activities of industrial enterprises above the designated size reached 108.0 trillion yuan, increased by 11.4 percent year-on-year. The costs of principal activities were 92.1 trillion yuan, up by 11.1 percent. The profit rate of revenue from principal activities was 6.36 percent, an increase of 0.54 percentage points year-on-year.

 

By the end of November, the total assets of industrial enterprises above the designated size was 112.4 trillion yuan, increased by 7.3 percent year-on-year; the total liabilities reached 62.7 trillion yuan, increased by 6.3 percent; the total owners' equity was 49.7 trillion yuan, increased by 8.6 percent. The asset-liability ratio was 55.8 percent, a decrease of 0.5 percentage points year-on-year.

 

By the end of November, the total volume of receivable accounts for industrial enterprises above designated hit 13.9 trillion yuan, went up by 8.1 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,238.85 billion yuan, increased by 9.0 percent.

 

In the first eleven months, the costs for per-hundred-yuan turnover of principal activities stood at 85.26 yuan, a decrease of 0.28 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 7.49 yuan, a decrease of 0.22 yuan; the revenue from principal activities brought by per hundred yuan assets was 109.6 yuan, an increase of 3.8 yuan; the revenue from principal activities per capita was 1325 thousand yuan, an increase of 153 thousand yuan; the turnover days of finished goods were 14.3 days, a decrease of 0.5 days; the days sales outstanding hit an average of 39.2 days, a decrease of 0.7 day.

 

In November, the profits made by industrial enterprises above the designated size achieved 785.82 billion yuan, a year-on-year increase of 14.9 percent, and the growth rate decreased by 10.2 percentage points from October.

 

 

 

 

  

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Eleven Months of 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1101059.9

11.5

1080303.3

11.4

68750.1

21.9

Of which: Mining and Quarrying

49212.6

18.1

46836.2

18.0

4434.0

286.8

Manufacturing

990683.8

11.3

973206.4

11.3

60416.1

18.9

Production and Distribution of Electricity, Heat, Gas and Water

61163.5

8.4

60260.7

8.4

3900.0

-12.8

 Of which: State-holding Enterprises

243716.1

15.1

234343.6

15.4

15757.4

46.2

Of which: Collective-owned Enterprises

5400.0

-2.8

5271.1

-3.6

368.0

-8.2

        Joint-Stock Enterprises

792934.9

12.4

777843.3

12.4

48019.5

23.9

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

243931.6

10.5

239263.6

10.3

16842.9

17.5

Of which: Private Enterprises

379720.5

9.3

376345.9

9.3

21943.6

12.7

 

 

 

 

 

 

 

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 Eleven Months of 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

939484.4

11.1

921091.7

11.1

 

Of which: Mining and Quarrying

38300.6

9.1

36069.8

8.6

 

Manufacturing

846684.1

11.2

831122.8

11.2

 

Production and Distribution of Electricity, Heat, Gas and Water

54499.7

11.0

53899.1

11.0

 

 Of which: State-holding Enterprises

200092.9

14.5

191621.0

14.8

 

Of which: Collective-owned Enterprises

4505.2

-3.6

4410.8

-4.0

 

        Joint-Stock Enterprises

676725.6

11.9

663072.8

12.0

 

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

206790.6

10.5

202905.4

10.3

 

Of which: Private Enterprises

331931.3

9.1

328849.0

9.1

 

 

 

 

 

 

 

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 Eleven 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

6.36

85.26

7.49

109.6

132.5

55.8

14.3

39.2

Of which: Mining and Quarrying

9.47

77.01

10.40

53.8

88.9

60.4

13.6

34.1

Manufacturing

6.21

85.40

7.46

129.0

133.0

54.3

15.2

40.2

Production and Distribution of Electricity, Heat, Gas and Water

6.47

89.44

5.78

41.8

197.5

60.9

0.6

26.7

 Of which: State-holding Enterprises

6.72

81.77

8.12

61.6

170.5

60.8

15.7

41.3

Of which: Collective-owned Enterprises

6.98

83.68

9.54

108.2

119.3

59.3

23.7

27.2

        Joint-Stock Enterprises

6.17

85.25

7.48

110.0

133.8

56.6

14.5

35.6

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

7.04

84.80

8.04

120.9

124.6

54.3

14.9

55.4

Of which: Private Enterprises

5.83

87.38

6.37

175.0

125.2

51.6

12.0

28.2

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1101059.9

11.5

1080303.3

11.4

68750.1

21.9

Mining and Washing of Coal

25555.4

28.3

23553.9

29.4

2717.6

364.0

Extraction of Petroleum and Natural Gas

7005.7

22.2

6860.5

21.9

482.7

(Note 1)

Mining of Ferrous Metal Ores

5424.2

12.1

5348.6

12.1

399.5

42.5

Mining of Non-Ferrous Metal Ores

5401.0

0.0

5335.4

-0.4

503.2

26.1

Mining And Processing of Nonmetal Ores

4471.2

-0.5

4409.4

-1.3

329.6

4.8

Mining Support Service Activities

1318.5

4.3

1292.0

3.7

0.0

(Note 2)

Mining of Other Ores N.E.C

36.6

55.7

36.6

56.4

1.4

7.7

Processing of Food From Agricultural Products

60330.7

5.9

60014.8

5.9

2814.8

5.0

Manufacture of Foods

21517.0

8.3

21260.3

8.3

1678.2

7.3

Manufacture of Wines, Beverage and Refined Tea

16573.2

8.2

16380.8

8.2

1800.0

17.8

Manufacture of Cigarettes And Tobacco

9053.3

1.4

8180.2

3.0

914.6

-3.2

Manufacture of Textile

36543.3

4.7

35983.0

4.5

1781.9

2.1

Manufacture of Textile Wearing Apparel And Ornament

20836.6

1.9

20605.2

1.9

1175.3

6.0

Manufacture of  Leather, Fur, Feather Aad Its Products

13763.2

3.9

13728.3

3.9

810.1

5.5

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

12988.5

2.6

12947.4

2.4

736.9

2.6

Manufacture of Furniture

8328.1

10.3

8281.1

10.2

495.9

9.4

Manufacture of  Paper and Paper Products

14272.8

14.2

14088.8

14.0

934.5

47.7

Printing, Reproduction of Recording Media

7530.3

7.2

7469.3

7.1

508.5

8.7

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

15791.6

8.4

15664.3

7.9

861.0

7.5

Processing of Petroleum, Coking, Processing of Nucleus Fuel

38084.2

25.5

37172.0

25.3

2129.3

36.0

Manufacture of Chemical Raw Material  and Chemical Products

83803.2

14.4

82412.1

14.5

5582.5

36.7

Manufacture of Medicines

26165.0

12.1

25947.2

12.3

2997.8

18.4

Manufacture of Chemical Fibres

7628.1

13.9

7436.6

14.1

394.1

43.7

Manufacture of Rubber and Plastics Products

30035.1

7.9

29673.5

7.7

1704.1

3.6

Manufacture of Non-Metallic Mineral Products

58361.7

9.7

58011.3

9.7

4126.4

21.9

Manufacture and Processing of Ferrous Metals

65384.3

22.5

62866.7

22.9

3138.8

180.1

Manufacture and Processing of Non-Ferrous Metals

53366.4

15.9

51555.0

15.9

1907.7

36.5

Manufacture of Fabricated Metal Products

35170.1

8.0

34722.0

7.8

1822.8

6.4

Manufacture of General-Purpose Machinery

44800.1

8.8

43881.4

8.9

2839.9

12.9

Manufacture of Special-Purpose Machinery

34196.0

9.7

33879.4

9.7

2192.4

24.1

Manufacture of Motor Vehicles

79275.2

11.0

77131.8

10.8

6158.4

6.1

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

13822.0

6.5

13605.9

6.4

794.1

0.3

Manufacture of Electrical Machinery and Equipment

70364.2

12.1

68842.2

12.1

4214.0

7.1

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

96768.9

13.2

95666.7

13.3

4719.0

20.4

Manufacture of Measuring Instrument and Meter

8828.3

12.0

8746.8

12.2

781.8

20.7

Other Manufacturing

2241.7

7.7

2226.6

7.5

122.3

10.5

Waste Recycling and Recovery

3909.9

17.4

3884.5

17.6

220.4

32.3

Repair of  Fabricated Metal Products, Machinery and Equipment

950.7

0.3

941.3

0.4

58.9

242.4

Production and Supply of Electric Power and Heat Power

53040.2

7.6

52398.2

7.6

3199.4

-17.8

Production and Distribution of Gas

5881.5

14.6

5745.5

14.9

454.2

11.4

Production and Distribution of Water

2241.8

11.2

2117.0

11.4

246.4

39.8

 

 

 

 

 

 

 

Note : 1. Extraction of Petroleum and Natural Gas had a loss of 37.41 billion yuan in the same period of last year.

2. Mining Support Service Activities had a loss of 6.05 billion yuan in the same period of last year.

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

Jan-Nov (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

939484.4

11.1

921091.7

11.1

Mining and Washing of Coal

18996.4

16.3

17140.3

16.2

Extraction of Petroleum and Natural Gas

5312.7

5.7

5130.7

5.8

Mining of Ferrous Metal Ores

4591.3

9.8

4526.5

10.0

Mining of Non-Ferrous Metal Ores

4450.0

-2.6

4408.4

-2.7

Mining And Processing of Nonmetal Ores

3654.6

-0.7

3599.9

-1.7

Mining Support Service Activities

1265.8

-1.6

1234.1

-3.1

Mining of Other Ores N.E.C

29.8

58.5

29.8

59.4

Processing of Food From Agricultural Products

54214.7

6.0

53950.9

6.0

Manufacture of Foods

17474.5

8.9

17240.1

9.0

Manufacture of Wines, Beverage and Refined Tea

12360.0

7.7

12212.2

7.8

Manufacture of Cigarettes And Tobacco

3184.9

-1.1

2333.0

3.5

Manufacture of Textile

32778.4

4.7

32316.5

4.6

Manufacture of Textile Wearing Apparel And Ornament

17924.3

1.5

17730.2

1.5

Manufacture of  Leather, Fur, Feather Aad Its Products

11962.7

3.6

11933.9

3.6

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

11429.1

2.6

11397.5

2.5

Manufacture of Furniture

7063.9

10.0

7030.0

9.9

Manufacture of  Paper and Paper Products

12256.7

13.0

12112.2

12.8

Printing, Reproduction of Recording Media

6403.4

7.2

6359.6

7.1

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

13850.9

8.4

13740.6

7.9

Processing of Petroleum, Coking, Processing of Nucleus Fuel

30417.1

29.8

29549.8

29.6

Manufacture of Chemical Raw Material  and Chemical Products

71414.0

13.6

70176.9

13.8

Manufacture of Medicines

17928.5

9.8

17773.4

9.9

Manufacture of Chemical Fibres

6827.0

13.0

6654.6

13.3

Manufacture of Rubber and Plastics Products

26044.2

8.2

25727.9

8.0

Manufacture of Non-Metallic Mineral Products

49607.1

8.8

49328.6

8.8

Manufacture and Processing of Ferrous Metals

58903.9

20.0

56564.7

20.4

Manufacture and Processing of Non-Ferrous Metals

49484.7

15.4

47758.5

15.4

Manufacture of Fabricated Metal Products

30925.8

8.3

30531.0

8.1

Manufacture of General-Purpose Machinery

38010.2

8.8

37173.8

8.9

Manufacture of Special-Purpose Machinery

28698.7

8.9

28461.1

9.1

Manufacture of Motor Vehicles

66629.4

11.7

64836.9

11.5

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

11860.7

6.7

11682.7

6.5

Manufacture of Electrical Machinery and Equipment

60087.1

12.4

58719.0

12.4

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

85529.7

13.0

84510.7

13.0

Manufacture of Measuring Instrument and Meter

7132.3

11.4

7078.8

11.5

Other Manufacturing

1941.2

7.7

1928.7

7.5

Waste Recycling and Recovery

3528.0

17.0

3508.5

17.3

Repair of  Fabricated Metal Products, Machinery and Equipment

811.1

-0.2

800.5

-0.2

Production and Supply of Electric Power and Heat Power

47771.1

10.6

47320.9

10.6

Production and Distribution of Gas

5073.4

15.5

4993.1

15.7

Production and Distribution of Water

1655.2

11.3

1585.1

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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