Industrial Profits Increased in 2017
National Bureau of Statistics of China2018-01-29 15:57




In 2017, the profits made by industrial enterprises above the designated size achieved 7,518.71 billion yuan, a year-on-year increase of 21.0 percent, and the growth rate increased by 12.5 percentage points from 2016.

 

In 2017, the profits of state-holding industrial enterprises above the designated size gained 1,665.12 billion yuan, up by 45.1 percent year-on-year; that of collective-owned enterprises reached 39.99 billion yuan, a decrease of 8.5 percent; that of joint-stock enterprises stood at 5,240.44 billion yuan, up by 23.5 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,875.29 billion yuan, increased by 15.8 percent; and that of private enterprises gained 2,375.31 billion yuan, an increase of 11.7 percent.

 

In 2017, the profits of mining and quarrying reached 458.68 billion yuan, up by 2.6 times year-on-year; that of manufacturing was 6,651.11 billion yuan, an increase of 18.2 percent; that of production and distribution of electricity, heat, gas and water reached 408.92 billion yuan, down by 10.7 percent.

 

In 2017, within 41 branches of industrial divisions, the industrial profits of 37 industrial divisions increased year-on-year, that of 1 remained at the same level, and that of 3 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased by 2.9 times year-on-year, that of processing of food from agricultural products increased by 4.5 percent year-on-year, that of manufacture of textile up by 3.6 percent, that of processing of petroleum, coking, processing of nucleus fuel increased by 27.0 percent, that of manufacture of chemical raw material and chemical products increased by 40.9 percent, that of manufacture of non-metallic mineral products increased by 20.5 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 28.6 percent, that of manufacture of general-purpose machinery up by 13.5 percent, that of manufacture of special-purpose machinery up by 29.3 percent, that of manufacture of motor vehicles increased by 5.8 percent, that of manufacture of electrical machinery and equipment increased by 5.2 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 22.9 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 15.4 percent.

 

In 2017, the revenue from principal activities of industrial enterprises above the designated size reached 116.5 trillion yuan, increased by 11.1 percent year-on-year. The costs of principal activities were 98.9 trillion yuan, up by 10.8 percent. The profit rate of revenue from principal activities was 6.46 percent, an increase of 0.54 percentage points year-on-year.

 

By the end of 2017, the total assets of industrial enterprises above the designated size was 112.3 trillion yuan, increased by 6.9 percent year-on-year; the total liabilities reached 62.3 trillion yuan, increased by 5.7 percent; the total owners' equity was 50.0 trillion yuan, increased by 8.5 percent. The asset-liability ratio was 55.5 percent, a decrease of 0.6 percentage points year-on-year.

 

By the end of 2017, the total volume of receivable accounts for industrial enterprises above designated hit 13.5 trillion yuan, went up by 8.5 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,188.61 billion yuan, increased by 8.5 percent.

 

In 2017, the costs for per-hundred-yuan turnover of principal activities stood at 84.92 yuan, a decrease of 0.25 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 7.77 yuan, a decrease of 0.2 yuan; the revenue from principal activities brought by per hundred yuan assets was 108.4 yuan, an increase of 3.7 yuan; the revenue from principal activities per capita was 1315 thousand yuan, an increase of 150 thousand yuan; the turnover days of finished goods were 14.4 days, a decrease of 0.5 days; the days sales outstanding hit an average of 39.1 days, a decrease of 0.5 days.

 

In December, the profits made by industrial enterprises above the designated size achieved 824.16 billion yuan, a year-on-year increase of 10.8 percent, and the growth rate decreased by 4.1 percentage points from November.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in 2017

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1188446.0

11.1

1164623.8

11.1

75187.1

21.0

Of which: Mining and Quarrying

53154.5

16.3

50425.6

16.0

4586.8

261.6

Manufacturing

1067715.8

11.0

1047766.2

11.0

66511.1

18.2

Production and Distribution of Electricity, Heat, Gas and Water

67575.7

8.6

66432.0

8.5

4089.2

-10.7

 Of which: State-holding Enterprises

268888.6

14.8

258367.4

15.0

16651.2

45.1

Of which: Collective-owned Enterprises

5560.5

-4.6

5413.8

-5.5

399.9

-8.5

        Joint-Stock Enterprises

854434.0

12.0

837196.1

12.0

52404.4

23.5

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

264600.2

10.4

259181.2

10.3

18752.9

15.8

Of which: Private Enterprises

404248.4

8.9

400259.6

8.8

23753.1

11.7

 

 

 

 

 

 

 

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 2017

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1009833.1

10.8

988959.2

10.8

 

Of which: Mining and Quarrying

41105.7

7.9

38600.1

7.2

 

Manufacturing

908273.3

10.9

890683.3

10.9

 

Production and Distribution of Electricity, Heat, Gas and Water

60454.1

11.0

59675.8

10.9

 

 Of which: State-holding Enterprises

220602.1

14.1

211177.7

14.4

 

Of which: Collective-owned Enterprises

4562.1

-6.0

4459.8

-6.4

 

        Joint-Stock Enterprises

725819.9

11.5

710435.7

11.5

 

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

223410.3

10.6

218913.5

10.4

 

Of which: Private Enterprises

351971.4

8.6

348344.6

8.6

 

 

 

 

 

 

 

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 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

6.46

84.92

7.77

108.4

131.5

55.5

14.4

39.1

Of which: Mining and Quarrying

9.10

76.55

10.98

53.1

88.1

59.9

13.5

32.4

Manufacturing

6.35

85.01

7.74

127.3

131.7

54.0

15.4

40.3

Production and Distribution of Electricity, Heat, Gas and Water

6.16

89.83

5.91

42.3

198.8

60.7

0.6

25.2

 Of which: State-holding Enterprises

6.44

81.74

8.42

62.4

172.8

60.4

15.4

38.6

Of which: Collective-owned Enterprises

7.39

82.38

10.67

100.6

115.7

59.1

26.4

29.3

        Joint-Stock Enterprises

6.26

84.86

7.78

108.6

132.5

56.2

14.6

35.4

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

7.24

84.46

8.25

120.1

124.1

54.1

15.1

55.6

Of which: Private Enterprises

5.93

87.03

6.60

170.8

122.4

51.6

12.3

28.8

 

 

 

 

 

 

 

 

 

                   

Key Financial Indicators of Industrial Enterprises above the

Designated Size in 2017 (Group by Industries)

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

1188446.0

11.1

1164623.8

11.1

75187.1

21.0

Mining and Washing of Coal

27704.6

25.4

25444.9

25.9

2959.3

290.5

Extraction of Petroleum and Natural Gas

7821.7

20.2

7628.3

20.5

391.9

(注1

Mining of Ferrous Metal Ores

5831.0

11.3

5723.2

10.9

413.0

43.8

Mining of Non-Ferrous Metal Ores

5363.5

-1.8

5301.1

-2.3

527.2

23.5

Mining And Processing of Nonmetal Ores

4763.2

-2.0

4696.5

-2.7

354.0

2.7

Mining Support Service Activities

1630.9

6.5

1592.1

5.5

-59.9

(注2

Mining of Other Ores N.E.C

39.6

54.1

39.6

54.1

1.2

0.0

Processing of Food From Agricultural Products

64828.4

5.7

64449.4

5.8

3147.0

4.5

Manufacture of Foods

23414.8

8.3

23118.1

8.3

1851.1

6.7

Manufacture of Wines, Beverage and Refined Tea

17853.8

7.8

17637.0

7.7

2017.5

17.5

Manufacture of Cigarettes And Tobacco

9904.9

1.4

8898.2

2.4

972.0

-6.3

Manufacture of Textile

38640.0

4.0

37976.7

3.7

1976.5

3.6

Manufacture of Textile Wearing Apparel And Ornament

22172.4

1.0

21903.9

1.1

1263.7

2.9

Manufacture of  Leather, Fur, Feather Aad Its Products

14735.8

3.6

14693.4

3.6

896.9

6.9

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

14009.0

2.4

13962.4

2.3

811.3

1.5

Manufacture of Furniture

9112.6

10.2

9056.0

10.1

565.2

9.3

Manufacture of  Paper and Paper Products

15413.1

13.7

15203.0

13.6

1028.6

36.2

Printing, Reproduction of Recording Media

8163.1

6.5

8090.0

6.5

558.7

6.9

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

16710.6

8.1

16568.4

7.6

936.0

6.7

Processing of Petroleum, Coking, Processing of Nucleus Fuel

41850.1

24.4

40763.0

24.1

2203.3

27.0

Manufacture of Chemical Raw Material  and Chemical Products

88690.7

13.7

87109.3

13.9

6045.6

40.9

Manufacture of Medicines

28459.6

12.5

28185.5

12.5

3314.1

17.8

Manufacture of Chemical Fibres

8158.6

14.9

7905.8

15.7

444.9

38.3

Manufacture of Rubber and Plastics Products

32068.9

7.5

31656.9

7.3

1852.0

3.7

Manufacture of Non-Metallic Mineral Products

61939.7

9.4

61525.5

9.3

4446.6

20.5

Manufacture and Processing of Ferrous Metals

70243.3

22.0

67429.6

22.4

3419.4

177.8

Manufacture and Processing of Non-Ferrous Metals

57051.1

15.8

55142.4

15.7

2023.9

28.6

Manufacture of Fabricated Metal Products

37632.7

6.9

37097.7

6.7

2005.9

5.4

Manufacture of General-Purpose Machinery

47963.3

8.4

46980.7

8.5

3125.4

13.5

Manufacture of Special-Purpose Machinery

37023.6

10.1

36634.8

10.2

2490.2

29.3

Manufacture of Motor Vehicles

87749.7

10.9

85333.3

10.8

6832.9

5.8

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

14849.9

6.3

14606.8

6.3

873.2

-1.1

Manufacture of Electrical Machinery and Equipment

74999.5

12.1

73290.7

12.2

4674.7

5.2

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

106894.9

13.2

105525.0

13.2

5440.0

22.9

Manufacture of Measuring Instrument and Meter

9658.6

10.5

9558.4

10.6

869.1

16.8

Other Manufacturing

2366.2

6.7

2347.6

6.4

133.7

11.3

Waste Recycling and Recovery

4084.1

16.6

4061.3

16.9

228.9

36.8

Repair of  Fabricated Metal Products, Machinery and Equipment

1072.8

11.7

1055.3

11.3

62.9

14.8

Production and Supply of Electric Power and Heat Power

58674.6

7.6

57874.7

7.6

3293.2

-15.4

Production and Distribution of Gas

6391.5

17.0

6202.6

17.1

531.7

11.9

Production and Distribution of Water

2509.6

10.5

2354.7

10.6

264.3

26.6

 

 

 

 

 

 

 

Note : 1. Extraction of Petroleum and Natural Gas had a loss of 47.79 billion yuan in the same period of last year.

2. Mining Support Service Activities had a loss of 7.13 billion yuan in the same period of last year.

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

Jan-Dec (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

1009833.1

10.8

988959.2

10.8

Mining and Washing of Coal

20440.2

14.4

18392.8

13.9

Extraction of Petroleum and Natural Gas

5936.5

5.7

5695.1

5.5

Mining of Ferrous Metal Ores

4927.5

9.1

4840.2

9.0

Mining of Non-Ferrous Metal Ores

4347.3

-4.7

4313.1

-4.9

Mining And Processing of Nonmetal Ores

3870.9

-2.4

3812.5

-3.3

Mining Support Service Activities

1550.5

0.3

1513.7

-1.1

Mining of Other Ores N.E.C

32.8

58.5

32.8

58.5

Processing of Food From Agricultural Products

58072.8

5.8

57755.3

5.9

Manufacture of Foods

18947.7

9.0

18681.0

9.1

Manufacture of Wines, Beverage and Refined Tea

13164.4

7.0

12997.9

7.0

Manufacture of Cigarettes And Tobacco

3535.9

-0.2

2554.4

3.0

Manufacture of Textile

34520.1

3.9

33976.7

3.7

Manufacture of Textile Wearing Apparel And Ornament

18994.4

0.7

18767.6

0.7

Manufacture of  Leather, Fur, Feather Aad Its Products

12771.0

3.3

12739.4

3.3

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

12298.7

2.6

12261.5

2.5

Manufacture of Furniture

7693.5

9.9

7655.4

9.9

Manufacture of  Paper and Paper Products

13186.1

12.7

13019.5

12.5

Printing, Reproduction of Recording Media

6914.4

6.5

6861.4

6.4

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

14584.4

8.1

14465.7

7.6

Processing of Petroleum, Coking, Processing of Nucleus Fuel

33462.0

28.6

32428.1

28.3

Manufacture of Chemical Raw Material  and Chemical Products

75160.4

13.0

73758.0

13.2

Manufacture of Medicines

19247.9

10.1

19049.5

10.2

Manufacture of Chemical Fibres

7269.1

14.5

7037.3

15.2

Manufacture of Rubber and Plastics Products

27716.9

7.8

27359.0

7.7

Manufacture of Non-Metallic Mineral Products

52381.9

8.4

52060.3

8.4

Manufacture and Processing of Ferrous Metals

63007.1

19.3

60437.4

19.8

Manufacture and Processing of Non-Ferrous Metals

52850.4

15.6

50999.8

15.4

Manufacture of Fabricated Metal Products

32943.7

7.1

32478.1

7.0

Manufacture of General-Purpose Machinery

40458.7

8.2

39584.6

8.4

Manufacture of Special-Purpose Machinery

30808.2

9.1

30523.7

9.4

Manufacture of Motor Vehicles

73653.4

11.6

71583.0

11.4

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

12637.3

6.6

12439.8

6.6

Manufacture of Electrical Machinery and Equipment

63673.2

12.5

62168.5

12.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

93947.1

13.0

92782.3

13.1

Manufacture of Measuring Instrument and Meter

7736.0

9.7

7670.9

9.7

Other Manufacturing

2038.9

6.4

2023.1

6.1

Waste Recycling and Recovery

3684.3

16.0

3662.8

16.4

Repair of  Fabricated Metal Products, Machinery and Equipment

913.6

11.7

901.4

12.1

Production and Supply of Electric Power and Heat Power

53142.6

10.3

52563.1

10.2

Production and Distribution of Gas

5443.7

18.3

5331.0

18.2

Production and Distribution of Water

1867.9

11.4

1781.7

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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