Industrial Profits Increased in the First Five Months of 2018
National Bureau of Statistics of China2018-06-28 14:05




In the first five months of 2018, the profits made by industrial enterprises above the designated size achieved 2,729.83 billion yuan, a year-on-year increase of 16.5 percent, and the growth rate increased by 1.5 percentage points from the first four months.

 

In the first five months, the profits of state-holding industrial enterprises above the designated size gained 810.35 billion yuan, an increase of 28.7 percent year-on-year; that of collective-owned enterprises reached 9.31 billion yuan, an increase of 4.4 percent; that of joint-stock enterprises stood at 1,911.98 billion yuan, up by 20.6 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 673.91 billion yuan, increased by 6.9 percent; and that of private enterprises gained 746.62 billion yuan, an increase of 10.6 percent.

 

In the first five months, the profits of mining and quarrying reached 233.36 billion yuan, an increase of 41.6 percent year-on-year; that of manufacturing was 2,315.01 billion yuan, an increase of 13.8 percent; that of production and distribution of electricity, heat, gas and water reached 181.46 billion yuan, up by 26.1 percent.

 

In the first five months, within 41 branches of industrial divisions, the industrial profits of 31 industrial divisions increased year-on-year, and that of 10 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased by 14.8 percent year-on-year, that of extraction of petroleum and natural gas increased by 2.6 times, that of processing of food from agricultural products increased by 1.3 percent year-on-year, that of processing of petroleum, coal and other fuels increased by 27.9 percent, that of manufacture of chemical raw material and chemical products increased by 27.7 percent, that of manufacture of non-metallic mineral products increased by 44.6 percent, that of manufacture and processing of ferrous metals increased by 1.1 times, that of manufacture of general-purpose machinery up by 9.6 percent, that of manufacture of special-purpose machinery up by 22.2 percent, that of manufacture of motor vehicles increased by 0.5 percent, that of manufacture of electrical machinery and equipment increased by 1.9 percent, that of manufacture of computer, communication equipment and other electronic equipment increased by 4.3 percent, that of production and supply of electric power and heat power up by 27.8 percent, that of manufacture of textile down by 0.1 percent, that of manufacture and processing of non-ferrous metals decreased by 11.5 percent.

 

In the first five months, the revenue from principal activities of industrial enterprises above the designated size reached 42.9 trillion yuan, increased by 10.2 percent year-on-year. The costs of principal activities were 36.3 trillion yuan, up by 9.8 percent. The profit rate of revenue from principal activities was 6.36 percent, an increase of 0.35 percentage points year-on-year.

 

By the end of May, the total assets of industrial enterprises above the designated size was 108.8 trillion yuan, increased by 7.4 percent year-on-year; the total liabilities reached 61.6 trillion yuan, increased by 6.3 percent; the total owners' equity was 47.2 trillion yuan, increased by 8.8 percent. The asset-liability ratio was 56.6 percent, a decrease of 0.6 percentage points year-on-year.

 

By the end of May, the total volume of receivable accounts for industrial enterprises above designated hit 13.5 trillion yuan, went up by 10.6 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,124.63 billion yuan, increased by 7.3 percent.

 

In the first five months, the costs for per-hundred-yuan turnover of principal activities stood at 84.49 yuan, a decrease of 0.31 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 8.1 yuan, a decrease of 0.04 yuan; the revenue from principal activities brought by per hundred yuan assets was 96.0 yuan, an increase of 2.4 yuan; the revenue from principal activities per capita was 1261 thousand yuan, an increase of 140 thousand yuan; the turnover days of finished goods were 16.6 days, a decrease of 0.2 days; the days sales outstanding hit an average of 45.5 days, remained at the same level.

 

In May, the profits made by industrial enterprises above the designated size achieved 607.06 billion yuan, a year-on-year increase of 21.1 percent, and the growth rate decreased by 0.8 percentage points from April.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Five Months of 2018

 

Table I

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

439003.2

10.3

429176.7

10.2

27298.3

16.5

Of which: Mining and Quarrying

18869.8

4.5

17999.2

5.7

2333.6

41.6

Manufacturing

391525.5

10.3

382945.5

10.2

23150.1

13.8

Production and Distribution of Electricity, Heat, Gas and Water

28607.9

13.2

28232.0

13.3

1814.6

26.1

 Of which: State-holding Enterprises

110761.0

11.0

106720.5

11.4

8103.5

28.7

Of which: Collective-owned Enterprises

1624.8

3.6

1590.5

4.2

93.1

4.4

        Joint-Stock Enterprises

311433.0

10.8

304303.1

10.8

19119.8

20.6

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

101025.4

8.2

98775.3

7.9

6739.1

6.9

Of which: Private Enterprises

140689.8

10.4

138729.3

10.1

7466.2

10.6

 

 

 

 

 

 

 

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 Five Months of 2018

 

Continued from Table I

 

Indicators

 

 

 

Operating Costs

Of which: Costs of Principal Activities

 

Jan- May (100 million yuan)

Increase rate Y/Y

(%)

Jan- May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

371364.6

9.8

362617.6

9.8

 

Of which: Mining and Quarrying

13706.9

-0.5

12855.4

0.6

 

Manufacturing

332227.3

10.1

324586.2

9.9

 

Production and Distribution of Electricity, Heat, Gas and Water

25430.4

12.9

25176.0

13.0

 

 Of which: State-holding Enterprises

89422.3

9.7

85744.9

10.1

 

Of which: Collective-owned Enterprises

1320.4

4.1

1289.8

4.5

 

        Joint-Stock Enterprises

262892.9

10.2

256412.3

10.2

 

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

85368.9

8.4

83502.2

8.1

 

Of which: Private Enterprises

122849.9

10.4

121026.6

10.0

 

 

 

 

 

 

 

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 Five 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

6.36

84.49

8.10

96.0

126.1

56.6

16.6

45.5

Of which: Mining and Quarrying

12.97

71.42

11.57

46.5

82.6

59.4

14.7

36.7

Manufacturing

6.05

84.76

8.12

112.6

125.7

55.5

17.9

47.0

Production and Distribution of Electricity, Heat, Gas and Water

6.43

89.18

5.64

41.3

205.3

60.7

0.6

31.0

 Of which: State-holding Enterprises

7.59

80.35

8.07

60.6

179.5

59.5

16.2

41.3

Of which: Collective-owned Enterprises

5.85

81.09

13.00

86.1

102.6

65.1

38.5

36.7

        Joint-Stock Enterprises

6.28

84.26

8.18

94.0

125.4

57.8

17.0

42.7

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

6.82

84.54

8.52

109.9

122.1

53.8

17.2

60.9

Of which: Private Enterprises

5.38

87.24

7.07

147.2

111.6

55.8

14.7

36.2

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

 

 

Total Profits

Operating Income

Of which: Revenue from

Principal Activities

Jan- May (100 million yuan)

Increase rate Y/Y

(%)

Jan- May (100 million yuan)

Increase rate Y/Y

(%)

Jan- May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

439003.2

10.3

429176.7

10.2

27298.3

16.5

Mining and Washing of Coal

10375.3

2.3

9635.0

4.5

1278.8

14.8

Extraction of Petroleum and Natural Gas

3300.8

15.0

3240.3

14.8

696.1

263.9

Mining of Ferrous Metal Ores

1389.7

-3.4

1362.5

-3.8

40.6

-45.3

Mining of Non-Ferrous Metal Ores

1752.8

4.8

1730.7

5.0

214.2

20.7

Mining And Processing of Nonmetal Ores

1476.0

5.8

1466.4

6.6

98.6

1.2

Mining Support Service Activities

560.5

5.4

549.5

4.6

4.3

(注)

Mining of Other Ores N.E.C

14.8

8.8

14.8

8.8

0.8

-11.1

Processing of Food From Agricultural Products

20962.2

5.0

20793.0

4.7

876.3

1.3

Manufacture of Foods

8112.3

7.9

7996.6

7.9

618.0

3.0

Manufacture of Wines, Beverage and Refined Tea

6836.4

10.8

6749.3

10.8

853.5

22.5

Manufacture of Cigarettes And Tobacco

4724.2

13.8

4229.6

11.4

491.9

7.2

Manufacture of Textile

13010.8

1.5

12734.5

1.0

535.5

-0.1

Manufacture of Textile Wearing Apparel And Ornament

7548.2

3.7

7439.5

3.5

395.6

0.9

Manufacture of  Leather, Fur, Feather Aad Its Products

5110.9

5.4

5096.0

5.4

276.2

0.9

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

4199.4

3.1

4184.9

3.0

219.3

-0.3

Manufacture of Furniture

3240.8

6.9

3215.5

6.7

183.3

5.0

Manufacture of  Paper and Paper Products

6082.0

13.1

5983.4

13.1

371.6

16.6

Printing, Reproduction of Recording Media

2854.9

7.3

2825.9

7.1

171.0

6.6

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

5773.6

7.0

5739.6

7.1

256.1

-4.2

Processing of Petroleum, Coking, Processing of Nucleus Fuel

19363.4

17.7

18782.2

17.1

1133.6

27.9

Manufacture of Chemical Raw Material  and Chemical Products

31802.9

10.9

31134.2

10.8

2363.3

27.7

Manufacture of Medicines

10434.0

13.7

10334.8

13.9

1231.7

13.2

Manufacture of Chemical Fibres

3270.7

16.4

3145.3

15.2

132.6

4.2

Manufacture of Rubber and Plastics Products

11173.3

5.6

11030.1

5.4

565.6

-0.8

Manufacture of Non-Metallic Mineral Products

21635.6

14.3

21481.3

14.2

1775.1

44.6

Manufacture and Processing of Ferrous Metals

26282.2

14.8

25083.9

15.2

1526.4

114.7

Manufacture and Processing of Non-Ferrous Metals

21218.6

12.1

20303.4

12.2

496.5

-11.5

Manufacture of Fabricated Metal Products

15294.2

9.4

15058.3

9.2

662.7

-2.7

Manufacture of General-Purpose Machinery

17231.1

10.0

17007.2

10.0

1066.4

9.6

Manufacture of Special-Purpose Machinery

13378.2

14.1

13055.8

14.6

850.0

22.2

Manufacture of Motor Vehicles

35161.3

11.5

34100.7

11.1

2639.0

0.5

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

4739.3

4.4

4674.0

4.9

217.8

-10.1

Manufacture of Electrical Machinery and Equipment

26508.3

11.0

25828.4

11.1

1321.0

1.9

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

39674.1

9.2

39098.5

8.9

1522.6

4.3

Manufacture of Measuring Instrument and Meter

3237.9

9.3

3196.1

9.2

260.0

3.2

Other Manufacturing

815.5

6.3

806.4

5.8

45.3

-4.2

Waste Recycling and Recovery

1444.8

10.8

1437.3

11.2

71.3

9.9

Repair of  Fabricated Metal Products, Machinery and Equipment

404.4

5.2

399.9

5.1

20.9

25.9

Production and Supply of Electric Power and Heat Power

24632.1

12.4

24373.4

12.5

1468.4

27.8

Production and Distribution of Gas

2983.6

20.6

2924.3

20.7

262.4

23.4

Production and Distribution of Water

992.2

10.2

934.3

10.1

83.8

8.5

 

 

 

 

 

 

 

Note : Mining and Support Service Activities had a loss of 0.63 billion yuan in the same period of last year.

 

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

 

 

 

Continued from Table III

 

Indicators

 

 

Operating Costs

Of which: Costs of Principal Activities

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

Jan-May (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

Total

371364.6

9.8

362617.6

9.8

Mining and Washing of Coal

7396.0

-0.1

6709.9

2.5

Extraction of Petroleum and Natural Gas

2033.1

-5.5

1927.7

-7.2

Mining of Ferrous Metal Ores

1178.4

-3.4

1153.4

-3.7

Mining of Non-Ferrous Metal Ores

1376.4

2.8

1359.3

3.1

Mining And Processing of Nonmetal Ores

1181.2

5.0

1173.9

5.9

Mining Support Service Activities

529.9

0.3

519.4

-0.9

Mining of Other Ores N.E.C

11.9

13.3

11.9

13.3

Processing of Food From Agricultural Products

18886.8

5.2

18739.1

5.0

Manufacture of Foods

6479.6

7.5

6374.2

7.6

Manufacture of Wines, Beverage and Refined Tea

4839.4

8.2

4771.3

8.1

Manufacture of Cigarettes And Tobacco

1637.9

16.8

1160.1

10.0

Manufacture of Textile

11725.0

1.5

11489.8

0.8

Manufacture of Textile Wearing Apparel And Ornament

6448.8

3.9

6358.7

3.7

Manufacture of  Leather, Fur, Feather Aad Its Products

4465.2

5.7

4454.1

5.8

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

3700.9

3.2

3689.8

3.2

Manufacture of Furniture

2736.3

6.9

2719.7

6.8

Manufacture of  Paper and Paper Products

5241.7

13.7

5156.2

13.7

Printing, Reproduction of Recording Media

2419.7

7.2

2399.6

7.0

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

5081.7

7.7

5056.4

7.7

Processing of Petroleum, Coking, Processing of Nucleus Fuel

15665.2

19.4

15112.6

18.7

Manufacture of Chemical Raw Material  and Chemical Products

26681.8

9.7

26092.4

9.6

Manufacture of Medicines

6475.5

7.5

6411.9

7.8

Manufacture of Chemical Fibres

2965.5

17.4

2849.4

15.9

Manufacture of Rubber and Plastics Products

9666.4

5.6

9536.8

5.5

Manufacture of Non-Metallic Mineral Products

18059.5

12.4

17939.4

12.3

Manufacture and Processing of Ferrous Metals

23505.5

11.7

22413.3

12.0

Manufacture and Processing of Non-Ferrous Metals

19912.7

12.6

19052.5

12.8

Manufacture of Fabricated Metal Products

13508.9

10.0

13305.3

9.8

Manufacture of General-Purpose Machinery

14499.2

10.1

14324.3

10.1

Manufacture of Special-Purpose Machinery

11076.9

13.6

10771.2

14.1

Manufacture of Motor Vehicles

29571.8

12.4

28685.4

12.1

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

4081.9

6.0

4032.1

6.3

Manufacture of Electrical Machinery and Equipment

22647.2

11.7

22042.9

11.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

35302.0

10.0

34754.1

9.7

Manufacture of Measuring Instrument and Meter

2581.5

8.8

2550.4

8.6

Other Manufacturing

697.8

6.7

690.3

6.3

Waste Recycling and Recovery

1317.9

11.5

1309.7

11.8

Repair of  Fabricated Metal Products, Machinery and Equipment

347.0

5.1

343.1

5.2

Production and Supply of Electric Power and Heat Power

22141.8

12.1

21954.8

12.3

Production and Distribution of Gas

2558.1

21.1

2522.1

21.0

Production and Distribution of Water

730.5

10.0

699.2

9.7

 

 

 

 

 

           

Annotations:

 

I. Explanatory Notes:

 

1. 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.

 

2. Operating income: refers to the total amount of revenue of enterprises recognized by the principal business and other business operations.

 

3. Revenue from Principal Activities: refers to the total amount of revenue of enterprises gained from the principal business operation.

 

4. Operating costs: refers to the total costs of enterprises incurred by the principal business and other business operations.

 

5. Costs of Principal Activities: refers to the total costs of enterprises incurred by the principal business operation.

 

6. 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.

 

7. Total Liabilities: refers to the current obligation generated from past transactions or events, and expected an outflow of economic benefits from the enterprises.

 

8. Total Owners' Equity: refers to the residual interests after deducting liabilities, which belongs to the enterprises owners.

 

9. 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.

 

10. Finished Goods: refers to manufactured products which are ready for sale by the end of report period.

 

11. Profit Rate of Revenue from Principal Activities = total profits / revenue from principal activities × 100%, unit: %.

 

12. Costs for per-hundred-yuan Turnover of Principal Activities = the costs of revenue from principal activities / the revenue from principal activities ×100, unit: yuan.

 

13. Expenses for per-hundred-yuan Turnover of Principal Activities = (selling expenses + administrative expenses + financial expenses) / the revenue from principal activities ×100, unit: yuan.

 

14. 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.

 

15. 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.

 

16. Asset-Liability Ratio = total liabilities / total assets × 100%, unit: %.

 

17. Turnover Days of Finished Goods = 360 × average finished goods / costs of principal activities × the cumulative number of months / 12, unit: days.

 

18. 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.

 

19. 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.

 

II. The year-on-year growth rates and growth amount of indicators are calculated on comparable basis. The results are different from those calculated using the data released in the previous year. The main reasons are: (1) Changes in the scope of statistical units. Each year, some companies will be included in the survey after having reached requisite size, and some will exit the survey due to their smaller size, and there are also influence of new built and starting enterprises, bankruptcies, and companies that have been suspended or sold. (2) According to the investigation of the organizational structure carried out by the National Bureau of Statistics, the cross-regional and cross-industry repeated calculation of enterprise groups (companies) has been eliminated. (3) After the “reform of replacing business tax with value-added tax,” some industrial enterprises have divested their internal non-industrial production and operation activities to the service industry due to the reduction in the tax burden on the service industry.

 

III. Statistical Coverage

 

Industrial enterprises above the designated size, which refer to industrial enterprises with revenue from principal activities over 20 million yuan.

 

IV. 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).

 

V. 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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