Industrial Profits Increased in the First Eleven Months of 2018
National Bureau of Statistics of China2018-12-27 15:25




In the first eleven months of 2018, the profits made by industrial enterprises above the designated size achieved 6,116.88 billion yuan, a year-on-year increase of 11.8 percent (calculated on comparable basis, taking into account factors such as the standard adjustment according to the statistical system, the enhancement of statistical law enforcement, the elimination of data, and the enterprise reform and divestiture,  see Annotations II for details), and the growth rate decreased by 1.8 percentage points from the first ten months.

 

In the first eleven months, the profits of state-holding industrial enterprises above the designated size gained 1,808.7 billion yuan, an increase of 16.1 percent year-on-year; that of collective-owned enterprises reached 19.15 billion yuan, an increase of 4.6 percent; that of joint-stock enterprises stood at 4317.68 billion yuan, up by 15.9 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,538.68 billion yuan, increased by 4.2 percent; and that of private enterprises gained 1,581.55 billion yuan, an increase of 10.0 percent.

 

In the first eleven months, the profits of mining and quarrying reached 527.04 billion yuan, an increase of 45.1 percent year-on-year; that of manufacturing was 5,197.89 billion yuan, an increase of 9.9 percent; that of production and distribution of electricity, heat, gas and water reached 391.95 billion yuan, up by 4.0 percent.

 

In the first eleven months, within 41 branches of industrial divisions, the industrial profits of 34 industrial divisions increased year-on-year, and that of 7 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased by 9.2 percent year-on-year, that of extraction of petroleum and natural gas increased by 3.3 times, that of processing of food from agricultural products increased by 2.3 percent, that of manufacture of textile up by 4.9 percent, that of processing of petroleum, coal and other fuels increased by 15.7 percent, that of manufacture of chemical raw material and chemical products increased by 19.1 percent, that of manufacture of non-metallic mineral products increased by 44.2 percent, that of manufacture and processing of ferrous metals increased by 50.2 percent, that of manufacture of general-purpose machinery up by 10 percent, that of manufacture of special-purpose machinery up by 21 percent, that of manufacture of electrical machinery and equipment increased by 3.1 percent, that of production and supply of electric power and heat power up by 3.2 percent, that of manufacture and processing of non-ferrous metals decreased by 16.9 percent, that of manufacture of motor vehicles decreased by 6 percent, that of manufacture of computer, communication equipment and other electronic equipment decreased by 0.4 percent.

 

In the first eleven months, the revenue from principal activities of industrial enterprises above the designated size reached 94.4 trillion yuan, increased by 9.1 percent year-on-year. The costs of principal activities were 79.5 trillion yuan, up by 8.8 percent. The profit rate of revenue from principal activities was 6.48 percent, an increase of 0.16 percentage point year-on-year.

 

By the end of November, the total assets of industrial enterprises above the designated size was 113.8 trillion yuan, increased by 6.6 percent year-on-year; the total liabilities reached 64.6 trillion yuan, increased by 5.8 percent; the total owners' equity was 49.2 trillion yuan, increased by 7.8 percent. The asset-liability ratio was 56.8 percent, a decrease of 0.4 percentage point year-on-year.

 

By the end of November, the total volume of receivable accounts for industrial enterprises above designated hit 15 trillion yuan, went up by 10.3 percent year-on-year. The total value of finished products for industrial enterprises accounted for 4,425.13 billion yuan, increased by 8.6 percent.

 

In the first eleven months, the costs for per-hundred-yuan turnover of principal activities stood at 84.19 yuan, a decrease of 0.21 yuan year-on-year; the expenses for per-hundred-yuan turnover of principal activities stood at 8.37 yuan, unchanged from the previous year; the revenue from principal activities brought by per hundred yuan assets was 93.8 yuan, an increase of 1.8 yuan; the revenue from principal activities per capita was 1,297 thousand yuan, an increase of 150 thousand yuan; the turnover days of finished goods were 17.2 days, a decrease of 0.1 day from the previous year; the days sales outstanding hit an average of 48.1 days, an increase of 0.4 day.

 

In November, the profits made by industrial enterprises above the designated size achieved 594.75 billion yuan, a year-on-year decrease of 1.8 percent, while 3.6 percent increase in October.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Eleven Months of 2018

 

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

967800.3

9.2

944218.1

9.1

61168.8

11.8

Of which: Mining and Quarrying

42679.0

8.3

40413.2

8.7

5270.4

45.1

Manufacturing

860002.5

9.2

839666.8

9.1

51978.9

9.9

Production and Distribution of Electricity, Heat, Gas and Water

65118.8

9.7

64138.1

9.7

3919.5

4.0

 Of which: State-holding Enterprises

258656.7

9.7

249109.9

9.9

18087.0

16.1

Of which: Collective-owned Enterprises

3049.4

2.8

2979.6

3.3

191.5

4.6

        Joint-Stock Enterprises

690719.9

10.2

673113.5

10.2

43176.8

15.9

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

223699.2

6.5

218591.8

6.3

15386.8

4.2

Of which: Private Enterprises

297584.0

9.3

292868.2

9.0

15815.5

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 Eleven Months of 2018

 

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

815667.9

8.9

794922.2

8.8

 

Of which: Mining and Quarrying

30749.1

3.3

28619.2

3.6

 

Manufacturing

726852.0

9.1

708865.0

9.0

 

Production and Distribution of Electricity, Heat, Gas and Water

58066.8

9.8

57438.0

9.9

 

 Of which: State-holding Enterprises

210134.3

9.1

201633.6

9.3

 

Of which: Collective-owned Enterprises

2360.8

-0.2

2304.4

0.3

 

        Joint-Stock Enterprises

580667.2

9.8

564883.2

9.7

 

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

188255.1

6.7

184040.6

6.4

 

Of which: Private Enterprises

259063.4

9.2

254730.7

8.8

 

 

 

 

 

 

 

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 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

6.48

84.19

8.37

93.8

129.7

56.8

17.2

48.1

Of which: Mining and Quarrying

13.04

70.82

11.89

46.6

86.0

58.6

14.7

36.7

Manufacturing

6.19

84.42

8.40

109.6

129.0

55.8

18.7

49.9

Production and Distribution of Electricity, Heat, Gas and Water

6.11

89.55

5.77

41.7

212.8

60.7

0.7

31.0

 Of which: State-holding Enterprises

7.26

80.94

8.08

63.1

191.3

59.1

15.6

40.6

Of which: Collective-owned Enterprises

6.43

77.34

16.95

73.0

97.9

66.0

45.8

46.3

        Joint-Stock Enterprises

6.41

83.92

8.45

91.9

129.1

57.8

17.7

44.7

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

7.04

84.19

8.76

108.6

125.7

54.3

17.8

64.6

Of which: Private Enterprises

5.40

86.98

7.36

138.7

111.9

56.1

15.9

39.3

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

Designated Size in the First Eleven Months of 2018 (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

967800.3

9.2

944218.1

9.1

61168.8

11.8

Mining and Washing of Coal

23845.9

5.7

21983.8

6.8

2774.9

9.2

Extraction of Petroleum and Natural Gas

7856.4

24.4

7655.2

24.0

1744.3

332.8

Mining of Ferrous Metal Ores

3068.0

-2.1

2986.4

-3.1

109.9

-7.9

Mining of Non-Ferrous Metal Ores

3217.4

3.1

3163.5

2.9

376.3

5.5

Mining And Processing of Nonmetal Ores

3174.4

6.2

3147.1

6.1

238.9

10.7

Mining Support Service Activities

1489.2

16.1

1449.6

15.2

25.4

(注)

Mining of Other Ores N.E.C

27.7

-3.1

27.7

-3.1

0.7

-36.4

Processing of Food From Agricultural Products

44580.6

3.9

44211.0

3.8

1812.0

2.3

Manufacture of Foods

16922.5

7.6

16630.9

7.4

1339.3

7.4

Manufacture of Wines, Beverage and Refined Tea

14111.2

7.9

13915.6

8.0

1783.5

15.3

Manufacture of Cigarettes And Tobacco

9839.0

9.1

8749.9

7.4

954.8

4.8

Manufacture of Textile

27363.8

1.9

26817.4

1.7

1164.1

4.9

Manufacture of Textile Wearing Apparel And Ornament

15976.1

3.8

15708.9

3.6

892.8

10.1

Manufacture of  Leather, Fur, Feather Aad Its Products

10998.6

4.5

10968.2

4.5

616.1

4.1

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

9103.1

4.5

9065.5

4.4

453.9

-2.3

Manufacture of Furniture

6668.5

5.8

6607.8

5.7

376.8

5.5

Manufacture of  Paper and Paper Products

13053.0

9.6

12815.4

9.4

710.3

-7.9

Printing, Reproduction of Recording Media

6114.6

5.2

6040.9

5.0

384.2

2.0

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

12702.2

4.8

12620.9

4.8

637.1

2.8

Processing of Petroleum, Coking, Processing of Nucleus Fuel

44496.5

22.5

42999.5

22.4

2354.7

15.7

Manufacture of Chemical Raw Material  and Chemical Products

68258.1

10.3

66701.7

10.3

4900.2

19.1

Manufacture of Medicines

22457.0

12.8

22213.8

12.9

2822.0

8.4

Manufacture of Chemical Fibres

7644.8

13.8

7280.6

13.4

351.0

12.9

Manufacture of Rubber and Plastics Products

23438.4

3.9

23078.0

4.1

1159.2

2.5

Manufacture of Non-Metallic Mineral Products

45845.2

15.2

45401.2

15.1

3954.3

44.2

Manufacture and Processing of Ferrous Metals

61495.9

15.9

58633.1

16.0

3862.3

50.2

Manufacture and Processing of Non-Ferrous Metals

47363.8

8.4

45418.0

8.6

1177.3

-16.9

Manufacture of Fabricated Metal Products

32173.6

9.8

31587.9

9.6

1437.7

5.9

Manufacture of General-Purpose Machinery

36156.5

8.3

35615.3

8.3

2372.8

10.0

Manufacture of Special-Purpose Machinery

27609.4

11.0

26913.5

11.5

1895.2

21.0

Manufacture of Motor Vehicles

76041.7

5.0

73603.9

4.7

5453.2

-6.0

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

10363.2

2.3

10198.4

2.5

596.1

6.0

Manufacture of Electrical Machinery and Equipment

59188.5

7.1

57472.5

7.0

3311.8

3.1

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

96508.7

10.1

95016.2

9.9

4194.3

-0.4

Manufacture of Measuring Instrument and Meter

7303.4

8.3

7205.2

8.1

683.1

7.1

Other Manufacturing

1570.1

6.7

1561.2

6.5

83.7

2.4

Waste Recycling and Recovery

3676.4

22.2

3647.7

22.1

186.1

27.3

Repair of  Fabricated Metal Products, Machinery and Equipment

978.1

7.2

966.5

7.0

58.9

4.2

Production and Supply of Electric Power and Heat Power

56309.9

8.5

55632.1

8.5

3163.0

3.2

Production and Distribution of Gas

6438.3

20.3

6281.2

20.7

507.9

10.7

Production and Distribution of Water

2370.6

10.5

2224.9

10.3

248.6

1.3

 

           

Note : Mining and Support Service Activities had a loss of 0.55 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 2018 (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

815667.9

8.9

794922.2

8.8

Mining and Washing of Coal

17169.9

5.1

15455.7

6.5

Extraction of Petroleum and Natural Gas

4627.0

-1.8

4377.5

-3.4

Mining of Ferrous Metal Ores

2544.9

-4.1

2466.1

-5.4

Mining of Non-Ferrous Metal Ores

2453.7

2.1

2416.3

2.1

Mining And Processing of Nonmetal Ores

2522.1

5.2

2503.7

5.2

Mining Support Service Activities

1407.5

13.4

1375.8

13.7

Mining of Other Ores N.E.C

24.0

5.3

24.0

5.3

Processing of Food From Agricultural Products

40199.5

4.0

39883.7

3.9

Manufacture of Foods

13387.8

7.1

13124.5

7.0

Manufacture of Wines, Beverage and Refined Tea

9866.7

5.5

9705.7

5.3

Manufacture of Cigarettes And Tobacco

3503.9

10.9

2458.9

6.6

Manufacture of Textile

24561.8

1.8

24093.5

1.4

Manufacture of Textile Wearing Apparel And Ornament

13646.7

3.7

13427.4

3.6

Manufacture of  Leather, Fur, Feather Aad Its Products

9576.9

4.8

9554.0

4.9

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

8054.9

4.9

8028.3

4.8

Manufacture of Furniture

5623.3

5.5

5584.1

5.4

Manufacture of  Paper and Paper Products

11289.5

11.2

11085.6

10.9

Printing, Reproduction of Recording Media

5162.9

5.3

5113.0

5.3

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

11107.5

5.1

11043.1

5.0

Processing of Petroleum, Coking, Processing of Nucleus Fuel

36066.2

25.3

34675.8

25.5

Manufacture of Chemical Raw Material  and Chemical Products

57086.4

9.8

55729.8

9.8

Manufacture of Medicines

13352.6

7.4

13201.0

7.6

Manufacture of Chemical Fibres

6914.5

14.7

6570.1

14.1

Manufacture of Rubber and Plastics Products

20237.9

3.8

19913.2

3.9

Manufacture of Non-Metallic Mineral Products

37867.2

13.4

37513.1

13.2

Manufacture and Processing of Ferrous Metals

54668.3

14.4

52036.5

14.3

Manufacture and Processing of Non-Ferrous Metals

44385.9

9.3

42587.1

9.7

Manufacture of Fabricated Metal Products

28350.6

10.3

27858.3

10.1

Manufacture of General-Purpose Machinery

30143.7

8.2

29706.4

8.2

Manufacture of Special-Purpose Machinery

22571.6

10.4

21930.3

10.9

Manufacture of Motor Vehicles

63987.7

5.9

61951.4

5.6

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

8799.0

2.8

8665.9

2.9

Manufacture of Electrical Machinery and Equipment

50104.6

7.1

48569.6

7.0

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

85072.4

10.5

83704.3

10.2

Manufacture of Measuring Instrument and Meter

5735.8

8.2

5668.6

7.9

Other Manufacturing

1341.3

6.6

1334.2

6.3

Waste Recycling and Recovery

3355.2

23.1

3327.9

23.0

Repair of  Fabricated Metal Products, Machinery and Equipment

829.6

6.7

819.5

6.9

Production and Supply of Electric Power and Heat Power

50809.6

8.7

50351.4

8.7

Production and Distribution of Gas

5545.9

22.2

5457.4

22.4

Production and Distribution of Water

1711.3

9.5

1629.2

9.3

 

 

 

 

 

           

 

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 goteleven 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 frnine 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 growth rates of the total profits and revenue from principal activities of industrial enterprises above designated size are calculated on a comparable basis. There are incomparable factors between the data in the reporting period and the same indicator data published in the previous year, which cannot be directly compared to calculate the growth rate. The main reasons are: (1) According to the statistical system, the survay coverage of industrial enterprises above designated size is adjusted regularly every year. Each year, some companies will be included in the survey after having reached designated 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) By strengthening the statistical law enforcement, the enterprises found in the statistical law enforcement inspection that do not meet the industrial statistics requirements above designated size have been cleared, and relevant bases have been revised in accordance with regulations. (3) Strengthen data quality management and eliminate the cross-regional and cross-industry repeated calculation. According to the latest investigation of the organizational structure carried out by the National Bureau of Statistics, since the fourth quarter of last year, the cross-regional and cross-industry repeated calculation of enterprise groups (companies) has been eliminated. (4) After the implementation of the “reform of replacing business tax with value-added tax” policy, the service industry enterprises turned to pay value-added tax of which the tax rate was lower. The industrial enterprises have gradually divested their internal non-industrial production and operation activities, and turned to the service industry, which had diminished the financial data of industrial enterprises.

 

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.

 

 

FAQs  |  About NBS  |  Contact Us  |  Copyright National Bureau of Statistics of China,2012