Industrial Profits Increased in the First Four Months of 2018
National Bureau of Statistics of China2018-05-30 10:55




In the first four months of 2018, the profits made by industrial enterprises above the designated size achieved 2,127.17 billion yuan, a year-on-year increase of 15.0 percent, and the growth rate increased by 3.4 percentage points from the first three months.

 

In the first four months, the profits of state-holding industrial enterprises above the designated size gained 627.03 billion yuan, an increase of 26.2 percent year-on-year; that of collective-owned enterprises reached 7.53 billion yuan, an increase of 9.6 percent; that of joint-stock enterprises stood at 1,491.9 billion yuan, up by 19.1 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 520.57 billion yuan, increased by 4.4 percent; and that of private enterprises gained 590.29 billion yuan, an increase of 11.5 percent.

 

In the first four months, the profits of mining and quarrying reached 184.84 billion yuan, an increase of 39.0 percent year-on-year; that of manufacturing was 1,796.37 billion yuan, an increase of 12.0 percent; that of production and distribution of electricity, heat, gas and water reached 145.96 billion yuan, up by 28.7 percent.

 

In the first four 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 15.5 percent year-on-year, that of extraction of petroleum and natural gas increased by 2.1 times, that of processing of food from agricultural products increased by 2.1 percent year-on-year, that of manufacture of textile up by 1.0 percent, that of processing of petroleum, coal and other fuels increased by 19.6 percent, that of manufacture of chemical raw material and chemical products increased by 23.0 percent, that of manufacture of non-metallic mineral products increased by 45.2 percent, that of manufacture and processing of ferrous metals increased by 95.4 percent, that of manufacture of general-purpose machinery up by 9.8 percent, that of manufacture of special-purpose machinery up by 23.9 percent, that of manufacture of electrical machinery and equipment increased by 2.7 percent, that of production and supply of electric power and heat power up by 30.3 percent, that of manufacture and processing of non-ferrous metals decreased by 15.8 percent, that of manufacture of motor vehicles decreased by 0.6 percent, that of manufacture of computer, communication equipment and other electronic equipment decreased by 5.3 percent.

 

In the first four months, the revenue from principal activities of industrial enterprises above the designated size reached 34.1 trillion yuan, increased by 10.5 percent year-on-year. The costs of principal activities were 28.8 trillion yuan, up by 10.2 percent. The profit rate of revenue from principal activities was 6.24 percent, an increase of 0.24 percentage points year-on-year.

 

By the end of April, the total assets of industrial enterprises above the designated size was 107.9 trillion yuan, increased by 7.3 percent year-on-year; the total liabilities reached 61.0 trillion yuan, increased by 6.1 percent; the total owners' equity was 46.9 trillion yuan, increased by 8.8 percent. The asset-liability ratio was 56.5 percent, a decrease of 0.7 percentage points year-on-year.

 

By the end of April, the total volume of receivable accounts for industrial enterprises above designated hit 13.3 trillion yuan, went up by 10.8 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,018.89 billion yuan, increased by 5.5 percent.

 

In the first four months, the costs for per-hundred-yuan turnover of principal activities stood at 84.52 yuan, a decrease of 0.21 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 8.13 yuan, a decrease of 0.04 yuan; the revenue from principal activities brought by per hundred yuan assets was 95.7 yuan, an increase of 2.7 yuan; the revenue from principal activities per capita was 1251 thousand yuan, an increase of 140 thousand yuan; the turnover days of finished goods were 16.4 days, a decrease of 0.5 days; the days sales outstanding hit an average of 45.5 days, a decrease of 0.1 day.

 

In April, the profits made by industrial enterprises above the designated size achieved 576.03 billion yuan, a year-on-year increase of 21.9 percent, and the growth rate increased by 18.8 percentage points from March.

 

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Four Months of 2018

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-Apr (100 million yuan)

Increase rate Y/Y

(%)

Jan-Apr (100 million yuan)

Increase rate Y/Y

(%)

Jan-Apr (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

348659.9

10.6

340888.9

10.5

21271.7

15.0

Of which: Mining and Quarrying

14969.7

4.8

14331.9

5.4

1848.4

39.0

Manufacturing

310562.6

10.7

303727.5

10.5

17963.7

12.0

Production and Distribution of Electricity, Heat, Gas and Water

23127.6

13.1

22829.5

13.3

1459.6

28.7

 Of which: State-holding Enterprises

88303.0

10.9

85128.2

11.2

6270.3

26.2

Of which: Collective-owned Enterprises

1297.6

6.2

1270.0

6.5

75.3

9.6

        Joint-Stock Enterprises

247255.3

11.3

241599.2

11.3

14919.0

19.1

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

80222.0

8.3

78455.8

8.0

5205.7

4.4

Of which: Private Enterprises

111766.3

11.4

110208.0

11.1

5902.9

11.5

 

 

 

 

 

 

 

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 Four Months of 2018

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan- Apr (100 million yuan)

Increase rate Y/Y

(%)

Jan- Apr (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

295030.1

10.3

288117.1

10.2

 

Of which: Mining and Quarrying

10862.6

-0.1

10230.7

0.1

 

Manufacturing

263556.2

10.6

257476.6

10.4

 

Production and Distribution of Electricity, Heat, Gas and Water

20611.3

12.9

20409.8

13.1

 

 Of which: State-holding Enterprises

71344.0

9.9

68460.4

10.2

 

Of which: Collective-owned Enterprises

1060.4

8.8

1036.2

9.0

 

        Joint-Stock Enterprises

208712.4

10.8

203586.2

10.7

 

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

67900.0

8.7

66428.4

8.5

 

Of which: Private Enterprises

97560.6

11.4

96126.2

11.1

 

 

 

 

 

 

 

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 Four 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

6.24

84.52

8.13

95.7

125.1

56.5

16.4

45.5

Of which: Mining and Quarrying

12.90

71.38

11.58

46.4

82.6

59.5

14.7

36.0

Manufacturing

5.91

84.77

8.15

112.2

124.4

55.4

17.8

47.1

Production and Distribution of Electricity, Heat, Gas and Water

6.39

89.40

5.61

41.9

206.5

60.6

0.6

30.1

 Of which: State-holding Enterprises

7.37

80.42

8.06

60.6

178.5

59.5

16.1

41.3

Of which: Collective-owned Enterprises

5.93

81.59

12.26

85.9

102.7

65.5

37.2

38.1

        Joint-Stock Enterprises

6.18

84.27

8.21

93.7

124.3

57.7

16.9

42.7

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

6.64

84.67

8.53

109.5

121.2

53.7

17.0

60.7

Of which: Private Enterprises

5.36

87.22

7.10

147.3

111.1

55.7

14.6

36.2

 

 

 

 

 

 

 

 

 

                   

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan- Apr (100 million yuan)

Increase rate Y/Y

(%)

Jan- Apr (100 million yuan)

Increase rate Y/Y

(%)

Jan- Apr (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

348659.9

10.6

340888.9

10.5

21271.7

15.0

Mining and Washing of Coal

8241.6

4.6

7702.0

5.6

1019.0

15.5

Extraction of Petroleum and Natural Gas

2590.3

6.7

2546.2

6.6

545.3

207.7

Mining of Ferrous Metal Ores

1110.3

-2.0

1087.7

-2.4

31.7

-46.1

Mining of Non-Ferrous Metal Ores

1392.3

5.5

1376.6

5.9

171.7

22.6

Mining And Processing of Nonmetal Ores

1170.4

8.0

1162.8

8.7

73.0

-3.1

Mining Support Service Activities

452.8

5.1

444.6

4.5

6.9

(Note)

Mining of Other Ores N.E.C

12.0

22.4

12.0

22.4

0.7

0.0

Processing of Food From Agricultural Products

16893.8

6.2

16763.1

6.0

711.0

2.1

Manufacture of Foods

6536.3

8.7

6447.8

8.8

510.9

5.4

Manufacture of Wines, Beverage and Refined Tea

5523.0

12.0

5450.9

11.9

709.7

24.8

Manufacture of Cigarettes And Tobacco

3943.0

17.5

3529.7

13.6

422.3

8.8

Manufacture of Textile

10271.1

2.5

10050.1

1.9

420.5

1.0

Manufacture of Textile Wearing Apparel And Ornament

6012.6

4.9

5919.0

4.7

314.2

0.9

Manufacture of  Leather, Fur, Feather Aad Its Products

4022.0

5.7

4011.9

5.7

221.6

2.0

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

3346.7

4.2

3335.0

4.1

177.0

0.9

Manufacture of Furniture

2562.3

7.6

2542.4

7.6

136.2

-0.5

Manufacture of  Paper and Paper Products

4830.0

13.2

4754.0

13.2

295.5

14.8

Printing, Reproduction of Recording Media

2275.1

9.4

2252.0

9.3

136.8

10.1

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

4603.8

8.3

4576.8

8.4

202.4

-3.9

Processing of Petroleum, Coking, Processing of Nucleus Fuel

15358.7

17.1

14856.2

16.2

874.0

19.6

Manufacture of Chemical Raw Material  and Chemical Products

25336.2

11.7

24797.3

11.8

1837.8

23.0

Manufacture of Medicines

8351.9

14.8

8267.5

14.9

987.9

16.4

Manufacture of Chemical Fibres

2548.3

15.1

2452.5

14.3

97.8

-8.3

Manufacture of Rubber and Plastics Products

8849.4

6.4

8739.7

6.4

442.2

-1.1

Manufacture of Non-Metallic Mineral Products

16854.4

15.0

16747.3

14.9

1329.4

45.2

Manufacture and Processing of Ferrous Metals

20560.6

15.1

19610.9

15.6

1110.9

95.4

Manufacture and Processing of Non-Ferrous Metals

16845.0

11.9

16108.1

11.6

376.6

-15.8

Manufacture of Fabricated Metal Products

12116.4

8.0

11928.5

8.3

522.1

-2.4

Manufacture of General-Purpose Machinery

13631.1

11.2

13459.0

11.2

824.9

9.8

Manufacture of Special-Purpose Machinery

10642.9

15.2

10385.5

15.6

665.8

23.9

Manufacture of Motor Vehicles

28036.8

10.5

27216.4

10.3

2048.2

-0.6

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

3727.8

5.7

3668.5

6.1

152.1

-12.2

Manufacture of Electrical Machinery and Equipment

21017.4

12.1

20487.3

12.1

1005.3

2.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

31251.9

8.2

30802.9

7.9

1125.1

-5.3

Manufacture of Measuring Instrument and Meter

2550.9

11.1

2517.4

10.8

198.1

21.2

Other Manufacturing

633.7

5.5

629.6

5.4

37.0

0.3

Waste Recycling and Recovery

1114.5

7.6

1108.6

8.0

56.1

10.4

Repair of  Fabricated Metal Products, Machinery and Equipment

314.8

6.8

311.7

6.8

14.2

12.7

Production and Supply of Electric Power and Heat Power

19844.3

12.3

19639.1

12.4

1184.3

30.3

Production and Distribution of Gas

2497.9

21.8

2449.7

22.0

217.8

26.1

Production and Distribution of Water

785.4

10.3

740.7

10.4

57.5

9.3

 

 

 

 

 

 

 

Note : Mining and Support Service Activities had a loss of 1.36 billion yuan in the same period of last year.

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-Apr (100 million yuan)

Increase rate Y/Y

(%)

Jan-Apr (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

295030.1

10.3

288117.1

10.2

Mining and Washing of Coal

5863.9

2.4

5364.0

3.5

Extraction of Petroleum and Natural Gas

1608.2

-12.1

1527.1

-13.8

Mining of Ferrous Metal Ores

938.2

-2.0

918.2

-2.3

Mining of Non-Ferrous Metal Ores

1090.8

3.5

1075.4

3.5

Mining And Processing of Nonmetal Ores

937.9

7.3

932.1

8.3

Mining Support Service Activities

414.2

-2.2

404.5

-3.7

Mining of Other Ores N.E.C

9.4

25.3

9.4

25.3

Processing of Food From Agricultural Products

15209.7

6.6

15096.1

6.3

Manufacture of Foods

5221.6

8.4

5139.3

8.5

Manufacture of Wines, Beverage and Refined Tea

3885.6

9.1

3829.1

9.0

Manufacture of Cigarettes And Tobacco

1351.0

23.3

953.0

12.1

Manufacture of Textile

9249.5

2.5

9057.2

1.7

Manufacture of Textile Wearing Apparel And Ornament

5123.8

5.0

5045.1

4.8

Manufacture of  Leather, Fur, Feather Aad Its Products

3507.9

6.0

3499.7

6.0

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

2946.8

4.5

2937.5

4.4

Manufacture of Furniture

2163.5

7.6

2150.7

7.6

Manufacture of  Paper and Paper Products

4163.3

14.0

4097.3

14.0

Printing, Reproduction of Recording Media

1927.1

9.3

1911.0

9.1

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

4052.5

8.9

4032.4

9.0

Processing of Petroleum, Coking, Processing of Nucleus Fuel

12447.3

19.4

11967.2

18.4

Manufacture of Chemical Raw Material  and Chemical Products

21295.1

11.2

20815.9

11.1

Manufacture of Medicines

5193.2

8.6

5141.8

8.9

Manufacture of Chemical Fibres

2314.5

16.8

2226.1

15.7

Manufacture of Rubber and Plastics Products

7655.4

6.6

7558.8

6.5

Manufacture of Non-Metallic Mineral Products

14098.8

13.2

14011.7

13.2

Manufacture and Processing of Ferrous Metals

18460.3

12.5

17589.9

12.9

Manufacture and Processing of Non-Ferrous Metals

15821.7

12.5

15125.4

12.4

Manufacture of Fabricated Metal Products

10696.3

8.5

10536.6

8.8

Manufacture of General-Purpose Machinery

11478.1

11.3

11337.9

11.4

Manufacture of Special-Purpose Machinery

8817.5

14.7

8576.9

15.1

Manufacture of Motor Vehicles

23573.7

11.6

22886.5

11.4

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

3214.1

7.2

3178.4

7.6

Manufacture of Electrical Machinery and Equipment

17971.5

12.8

17495.9

12.8

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

27859.3

9.1

27460.0

9.0

Manufacture of Measuring Instrument and Meter

2030.8

10.2

2005.5

9.8

Other Manufacturing

541.8

5.8

538.5

5.8

Waste Recycling and Recovery

1013.8

7.8

1007.8

8.2

Repair of  Fabricated Metal Products, Machinery and Equipment

270.8

7.5

267.7

7.7

Production and Supply of Electric Power and Heat Power

17872.4

11.9

17725.5

12.1

Production and Distribution of Gas

2153.4

22.5

2123.6

22.5

Production and Distribution of Water

585.5

10.8

560.7

10.6

 

 

 

 

 

           

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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