Industrial Profits Increased in the First Two Months of 2018
National Bureau of Statistics of China2018-03-30 16:28




 

In the first two months of 2018, the profits made by industrial enterprises above the designated size achieved 968.9 billion yuan, a year-on-year increase of 16.1 percent.

 

In the first two months, the profits of state-holding industrial enterprises above the designated size gained 291.81 billion yuan, an increase of 29.6 percent year-on-year; that of collective-owned enterprises reached 3.69 billion yuan, an increase of 2.8 percent; that of joint-stock enterprises stood at 682.95 billion yuan, up by 21.0 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 225.96 billion yuan, increased by 2.0 percent; and that of private enterprises gained 283.08 billion yuan, an increase of 10.0 percent.

 

In the first two months, the profits of mining and quarrying reached 877.9 billion yuan, an increase of 42.1 percent year-on-year; that of manufacturing was 810.0 billion yuan, an increase of 12.5 percent; that of production and distribution of electricity, heat, gas and water reached 71.11 billion yuan, up by 35.2 percent.

 

In the first two months, within 41 branches of industrial divisions, the industrial profits of 29 industrial divisions increased year-on-year, that of 1 remained at the same level, and that of 11 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased by 19.6 percent year-on-year, that of extraction of petroleum and natural gas increased by 1.4 times, that of manufacture of textile up by 3.0 percent, that of processing of petroleum, coal and other fuels increased by 17.6 percent, that of manufacture of chemical raw material and chemical products increased by 20.1 percent, that of manufacture of non-metallic mineral products increased by 56.8 percent, that of manufacture and processing of ferrous metals increased by 97.7 percent, that of manufacture of general-purpose machinery up by 8.5 percent, that of manufacture of special-purpose machinery up by 15.6 percent, that of production and supply of electric power and heat power up by 38.3 percent, that of processing of food from agricultural products decreased by 0.1 percent year-on-year, that of manufacture and processing of non-ferrous metals decreased by 11.9 percent, that of manufacture of motor vehicles decreased by 1.8 percent, that of manufacture of electrical machinery and equipment decreased by 5.3 percent, that of manufacture of computer, communication equipment and other electronic equipment decreased by 8.2 percent.

 

In the first two months, the revenue from principal activities of industrial enterprises above the designated size reached 15.9 trillion yuan, increased by 10.0 percent year-on-year. The costs of principal activities were 13.3 trillion yuan, up by 9.5 percent. The profit rate of revenue from principal activities was 6.1 percent, an increase of 0.33 percentage points year-on-year.

 

By the end of February, the total assets of industrial enterprises above the designated size was 105.7 trillion yuan, increased by 7.4 percent year-on-year; the total liabilities reached 59.6 trillion yuan, increased by 6.0 percent; the total owners' equity was 46.1 trillion yuan, increased by 9.3 percent. The asset-liability ratio was 56.3 percent, a decrease of 0.8 percentage points year-on-year.

 

By the end of February, the total volume of receivable accounts for industrial enterprises above designated hit 12.6 trillion yuan, went up by 9.7 percent year-on-year. The total value of finished products for industrial enterprises accounted for 3,878.6 billion yuan, increased by 8.6 percent.

 

In the first two months, the costs for per-hundred-yuan turnover of principal activities stood at 83.98 yuan, a decrease of 0.33 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 8.42 yuan, an increase of 0.06 yuan; the revenue from principal activities brought by per hundred yuan assets was 90.2 yuan, an increase of 2.1 yuan; the revenue from principal activities per capita was 1173 thousand yuan, an increase of 119 thousand yuan; the turnover days of finished goods were 17.4 days, a decrease of 0.2 days; the days sales outstanding hit an average of 47.4 days, a decrease of 0.2 days.

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Two Months of 2018

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Feb (100 million yuan)

Increase rate Y/Y(%)

Jan- Feb (100 million yuan)

Increase rate Y/Y(%)

Jan- Feb (100 million yuan)

Increase rate Y/Y(%)

 

 

 

 

 

 

 

Total

162371.7

10.1

158933.6

10.0

9689.0

16.1

Of which: Mining and Quarrying

6883.4

2.9

6680.5

3.8

877.9

42.1

Manufacturing

143677.9

10.0

140578.9

9.7

8100.0

12.5

Production and Distribution of Electricity, Heat, Gas and Water

11810.4

16.8

11674.2

17.0

711.1

35.2

 Of which: State-holding Enterprises

42073.7

11.9

40728.9

12.1

2918.1

29.6

Of which: Collective-owned Enterprises

612.3

0.9

598.7

1.1

36.9

2.8

        Joint-Stock Enterprises

114332.9

10.5

111875.8

10.4

6829.5

21.0

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

37669.6

8.3

36852.7

8.1

2259.6

2.0

Of which: Private Enterprises

51023.1

9.8

50351.8

9.5

2830.8

10.0

 

 

 

 

 

 

 

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 Two Months of 2018

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan-Feb

 (100 million yuan)

Increase rate Y/Y(%)

Jan- Feb

 (100 million yuan)

Increase rate Y/Y(%)

 

 

 

 

 

 

 

Total

136645.4

9.7

133474.0

9.5

 

Of which: Mining and Quarrying

4968.0

-2.5

4748.8

-1.6

 

Manufacturing

121166.8

9.7

118316.5

9.5

 

Production and Distribution of Electricity, Heat, Gas and Water

10510.6

16.3

10408.7

16.5

 

 Of which: State-holding Enterprises

33649.1

11.0

32377.3

11.2

 

Of which: Collective-owned Enterprises

492.2

0.0

480.8

0.4

 

        Joint-Stock Enterprises

95844.7

9.8

93524.5

9.6

 

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

31912.7

8.9

31218.8

8.6

 

Of which: Private Enterprises

44248.5

9.7

43598.0

9.4

 

 

 

 

 

 

 

 

Quality Performance Indicators of Industrial Enterprises

above the Designated Size in the First Two Months of 2018

 

 

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

6.10

83.98

8.42

90.2

117.3

56.3

17.4

47.4

Of which: Mining and Quarrying

13.14

71.08

11.68

43.8

76.9

59.7

15.7

37.6

Manufacturing

5.76

84.16

8.52

105.1

115.9

55.0

19.0

49.5

Production and Distribution of Electricity, Heat, Gas and Water

6.09

89.16

5.34

42.9

210.0

60.7

0.5

28.1

 Of which: State-holding Enterprises

7.16

79.49

8.14

58.3

170.0

59.6

17.1

41.9

Of which: Collective-owned Enterprises

6.16

80.31

13.31

83.1

97.9

66.2

39.9

39.0

        Joint-Stock Enterprises

6.10

83.60

8.54

87.9

115.8

57.5

18.1

44.5

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

6.13

84.71

8.80

103.7

114.4

53.4

17.9

63.7

Of which: Private Enterprises

5.62

86.59

7.39

137.5

103.3

55.0

15.5

37.8

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

Designated Size in the First Two Months of 2018 (Group by Industries)

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan- Feb (100 million yuan)

Increase rate Y/Y(%)

Jan- Feb (100 million yuan)

Increase rate Y/Y(%)

Jan- Feb (100 million yuan)

Increase rate Y/Y(%)

 

 

 

 

 

 

 

Total

162371.7

10.1

158933.6

10.0

9689.0

16.1

Mining and Washing of Coal

3694.9

1.4

3532.0

2.8

462.6

19.6

Extraction of Petroleum and Natural Gas

1295.6

8.6

1279.2

8.6

286.0

138.1

Mining of Ferrous Metal Ores

538.9

-1.7

530.2

-1.7

20.6

-20.8

Mining of Non-Ferrous Metal Ores

640.9

3.3

633.7

3.6

76.5

22.4

Mining And Processing of Nonmetal Ores

555.0

7.2

548.5

7.5

44.2

12.8

Mining Support Service Activities

153.8

-4.3

152.6

-4.1

-12.2

(Note 1)

Mining of Other Ores N.E.C

4.3

22.9

4.3

22.9

0.2

0.0

Processing of Food From Agricultural Products

8269.1

4.5

8205.0

4.3

381.4

-0.1

Manufacture of Foods

3277.5

8.5

3236.4

8.6

272.3

12.3

Manufacture of Wines, Beverage and Refined Tea

2747.5

10.3

2711.8

10.0

360.0

19.0

Manufacture of Cigarettes And Tobacco

2353.1

21.5

2169.3

18.6

275.6

8.0

Manufacture of Textile

4764.7

1.5

4668.6

1.1

199.5

3.0

Manufacture of Textile Wearing Apparel And Ornament

2819.7

4.9

2789.4

5.5

157.4

-0.1

Manufacture of  Leather, Fur, Feather Aad Its Products

1873.3

5.8

1867.0

5.7

110.1

2.1

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

1551.2

4.4

1548.6

4.5

88.6

3.3

Manufacture of Furniture

1195.1

9.5

1186.1

9.4

66.7

6.9

Manufacture of  Paper and Paper Products

2187.0

9.1

2154.1

9.3

127.8

1.9

Printing, Reproduction of Recording Media

1028.6

6.8

1018.0

6.5

55.3

5.7

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

2161.6

9.0

2142.7

8.9

103.1

5.3

Processing of Petroleum, Coking, Processing of Nucleus Fuel

7232.4

20.2

6990.0

18.7

443.8

17.6

Manufacture of Chemical Raw Material  and Chemical Products

11704.4

10.0

11447.8

9.9

839.8

20.1

Manufacture of Medicines

4062.5

18.1

4029.3

18.3

512.0

37.3

Manufacture of Chemical Fibres

1083.6

8.1

1043.8

7.9

38.6

-18.9

Manufacture of Rubber and Plastics Products

4082.5

4.9

4021.3

4.3

195.5

-6.6

Manufacture of Non-Metallic Mineral Products

7691.2

16.3

7640.3

16.2

581.9

56.8

Manufacture and Processing of Ferrous Metals

9431.8

10.6

9034.9

11.7

526.6

97.7

Manufacture and Processing of Non-Ferrous Metals

7465.3

12.1

7092.9

11.3

178.2

-11.9

Manufacture of Fabricated Metal Products

5437.6

11.2

5354.5

10.7

238.0

2.4

Manufacture of General-Purpose Machinery

6205.1

10.6

6061.8

10.4

327.7

8.5

Manufacture of Special-Purpose Machinery

4481.7

11.4

4436.8

11.5

253.3

15.6

Manufacture of Motor Vehicles

12998.3

6.5

12614.6

6.1

917.3

-1.8

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

1684.7

5.7

1659.9

6.1

54.0

-22.3

Manufacture of Electrical Machinery and Equipment

9269.1

11.8

9043.6

11.8

378.6

-5.3

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

14554.6

9.1

14365.8

8.8

307.7

-8.2

Manufacture of Measuring Instrument and Meter

1128.6

9.6

1114.4

9.4

63.3

10.9

Other Manufacturing

285.0

10.2

283.1

9.8

14.3

2.9

Waste Recycling and Recovery

516.6

15.6

513.5

16.1

28.6

34.9

Repair of  Fabricated Metal Products, Machinery and Equipment

134.7

5.2

133.6

5.0

3.2

-28.9

Production and Supply of Electric Power and Heat Power

10166.2

16.6

10069.7

16.7

587.5

38.3

Production and Distribution of Gas

1264.9

20.3

1244.7

20.6

99.8

20.2

Production and Distribution of Water

379.2

11.6

359.9

12.3

23.8

30.8

 

 

 

 

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises above the Designated Size in the First Two Months of 2018 (Group by Industries)

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Feb (100 million yuan)

Increase rate Y/Y(%)

Jan-Feb (100 million yuan)

Increase rate Y/Y(%)

 

 

 

 

 

Total

136645.4

9.7

133474.0

9.5

Mining and Washing of Coal

2620.9

-2.1

2467.9

-0.2

Extraction of Petroleum and Natural Gas

800.2

-7.4

761.7

-7.9

Mining of Ferrous Metal Ores

449.0

-4.2

441.2

-3.9

Mining of Non-Ferrous Metal Ores

500.5

1.0

491.9

0.8

Mining And Processing of Nonmetal Ores

438.8

6.1

431.9

6.3

Mining Support Service Activities

155.2

-10.3

150.7

-12.5

Mining of Other Ores N.E.C

3.5

29.6

3.4

25.9

Processing of Food From Agricultural Products

7392.3

4.8

7331.6

4.6

Manufacture of Foods

2601.6

7.9

2562.6

8.1

Manufacture of Wines, Beverage and Refined Tea

1891.2

7.7

1863.4

7.5

Manufacture of Cigarettes And Tobacco

733.3

27.4

554.3

18.0

Manufacture of Textile

4274.0

1.4

4198.3

1.1

Manufacture of Textile Wearing Apparel And Ornament

2387.6

4.9

2362.4

5.5

Manufacture of  Leather, Fur, Feather Aad Its Products

1616.8

5.8

1611.4

5.7

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

1354.8

4.7

1351.5

4.7

Manufacture of Furniture

1002.3

9.3

996.9

9.3

Manufacture of  Paper and Paper Products

1881.0

10.1

1854.1

10.5

Printing, Reproduction of Recording Media

866.8

6.7

859.6

6.7

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

1890.2

9.4

1873.9

9.4

Processing of Petroleum, Coking, Processing of Nucleus Fuel

5832.2

24.0

5594.8

22.2

Manufacture of Chemical Raw Material  and Chemical Products

9810.7

9.7

9572.9

9.5

Manufacture of Medicines

2487.0

9.3

2461.8

9.5

Manufacture of Chemical Fibres

983.2

10.3

947.0

10.1

Manufacture of Rubber and Plastics Products

3524.4

5.1

3480.8

4.9

Manufacture of Non-Metallic Mineral Products

6401.0

14.2

6350.6

14.0

Manufacture and Processing of Ferrous Metals

8438.8

7.8

8049.4

8.5

Manufacture and Processing of Non-Ferrous Metals

6997.0

13.0

6634.1

12.4

Manufacture of Fabricated Metal Products

4763.3

11.7

4688.6

11.0

Manufacture of General-Purpose Machinery

5228.0

10.7

5090.8

10.4

Manufacture of Special-Purpose Machinery

3704.3

11.1

3666.4

11.1

Manufacture of Motor Vehicles

10910.0

7.3

10584.2

6.9

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

1443.0

6.7

1420.5

6.9

Manufacture of Electrical Machinery and Equipment

7904.4

12.2

7697.4

12.2

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

13113.5

10.0

12940.8

9.8

Manufacture of Measuring Instrument and Meter

908.0

9.2

896.4

8.9

Other Manufacturing

243.0

10.4

241.1

9.7

Waste Recycling and Recovery

465.3

15.1

462.5

15.7

Repair of  Fabricated Metal Products, Machinery and Equipment

117.7

6.5

116.4

6.5

Production and Supply of Electric Power and Heat Power

9130.8

15.9

9056.3

16.2

Production and Distribution of Gas

1094.1

20.7

1079.6

20.7

Production and Distribution of Water

285.7

11.4

272.9

11.3

 

 

 

 

 

           

 

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/T4754-2017) was implemented, please refer to http://www.stats.gov.cn/tjsj/tjbz/hyflbz.

 

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