The Profit of Industrial Enterprises above Designated Size from January to February in 2021
National Bureau of Statistics of China2021-03-29 14:00




From January to February, China's industrial enterprises above designated size achieved a total profit of 1,114.01 billion yuan, a year-on-year increase of 1.79 times (according to the comparable caliber, see Note 2 for details), an increase of 72.1 percent over January to February 2019, and an average increase of 31.2 percent in two years.

 

From January to February, among the industrial enterprises above designated size, state-owned holding enterprises achieved total profits of 375.22 billion yuan, an increase of 1.82 times over the same period of last year; joint stock enterprises achieved total profits of 776.25 billion yuan, an increase of 1.69 times; enterprises invested by foreign investors, Hong Kong, Macao and Taiwan achieved total profits of 314.52 billion yuan, an increase of 2.19 times; private enterprises achieved total profits of 331.69 billion yuan, an increase of 1.37 times.

 

From January to February, the mining industry realized a total profit of 98.84 billion yuan, up 83.0 percent year on year; the manufacturing industry realized a total profit of 929.42 billion yuan, up 2.20 times; the power, heat, gas and water production and supply industry realized a total profit of 85.74 billion yuan, up 57.5 percent.

 

From January to February, in 41 major industries, the total profits of 38 industries increased year-on-year, 2 industries decreased, and 1 industry was flat. The profits of the main industries were as follows: the total profits of the computer, communication and other electronic equipment manufacturing industry increased by 58.92 times, the automobile manufacturing industry increased by 25.26 times, the chemical raw materials and chemical products manufacturing industry increased by 4.98 times, the electrical machinery and equipment manufacturing industry increased by 4.31 times, the special equipment manufacturing industry increased by 3.99 times, the general equipment manufacturing industry increased by 3.19 times, and the ferrous metal smelting and processing industry increased by 2.71 times, nonferrous metal smelting and processing industry increased by 2.58 times, coal mining and washing industry increased by 2.04 times, textile industry increased by 1.43 times, non-metallic mineral products industry increased by 87.0 percent, agricultural and sideline food processing industry increased by 45.8 percent, power and heat production and supply industry increased by 44.7 percent; oil and natural gas mining industry decreased by 28.7 percent.

 

From January to February, the operating income of industrial enterprises above the designated size reached 16.87 trillion yuan, an increase of 45.5 percent year-on-year; the operating cost occurred was 13.99 trillion yuan, an increase of 43.5 percent; the profit margin of operating income was 6.60 percent, which increased by 3.15 percentage points year on year.

 

At the end of February, assets of industrial enterprises above designated size totaled 126.90 trillion yuan, up 9.6 percent year on year; liabilities totaled 71.27 trillion yuan, up 9.4 percent; owner's equity totaled 55.63 trillion yuan, up 10.0 percent; asset liability ratio was 56.2 percent, down by 0.1 percentage point year on year.

 

At the end of February, the accounts receivable of industrial enterprises above designated size were 16.28 trillion yuan, an increase of 16.4 percent over the same period last year, and the inventory of finished products was 4.60 trillion yuan, an increase of 8.6 percent.

 

From January to February, the cost per 100 yuan of operating income of industrial enterprises above designated size was 82.92 yuan, a year-on-year decrease of 1.16 yuan; the cost per 100 yuan of operating income was 8.79 yuan, a year-on-year decrease of 1.38 yuan.

 

At the end of February, the operating income of industrial enterprises above designated size per 100 yuan of assets was 79.8 yuan, an increase of 19.7 yuan year on year; the per capita operating income was 1,424,000 yuan, an increase of 416,000 yuan year on year; the turnover days of finished goods inventory was 19.7 days, a decrease of 6.4 days year on year; the average recovery period of accounts receivable was 57.9 days, a decrease of 14.5 days year on year.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in January-February 2021

 

Table I

Indicators

Operating Income

Operating Costs

Total Profits

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

168726.6

45.5

139909.0

43.5

11140.1

178.9

Of which: Mining and Quarrying

6644.7

29.3

4559.6

24.3

988.4

83.0

Manufacturing

147539.4

49.2

122434.0

47.1

9294.2

219.5

Production and Distribution of Electricity, Heat, Gas and Water

14542.5

22.4

12915.3

22.1

857.4

57.5

 Of which: State-holding Enterprises

47894.5

33.1

37706.0

30.1

3752.2

182.0

            Joint-Stock Enterprises

123043.7

45.0

101977.6

42.9

7762.5

169.2

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

40450.2

50.4

33695.2

47.7

3145.2

219.1

Of which: Private Enterprises

62896.1

51.8

53940.9

50.5

3316.9

136.7

 

 

 

 

 

 

 

Note : 1.Due to the overlap of economic type grouping, the total is not equal to the total of sub-items.

2.Due to the rounding-off reasons, the subentries may not add up to the aggregate totals, no adjustment.

 

Quality Performance Indicators of Industrial Enterprises

above the Designated Size in January-February 2021

 

 

Table II

Indicators

Profit Rate of Revenue

Costs for per-hundred-yuan

 

Expenses for per-hundred-yuan

Revenue from Brought by per Hundred yuan Assets

Per captal Income

Asset-Liability Ratio

Turnover Days of Finished Goods

Average Payback Period of Accounts Receivable

Jan-Feb (%)

Jan- Feb (yuan)

Jan- Feb (yuan)

By the end of February (yuan)

By the end of February (10 thousand yuan/ person)

By the end of February (%)

By the end of February (days)

By the end of February (days)

 

 

 

 

 

 

 

 

 

Total

6.60

82.92

8.79

79.8

142.4

56.2

19.7

57.9

Of which: Mining and Quarrying

14.88

68.62

11.94

39.2

95.7

60.1

14.7

43.0

Manufacturing

6.30

82.98

8.93

93.1

139.3

55.1

21.9

59.9

Production and Distribution of Electricity, Heat, Gas and Water

5.90

88.81

5.89

40.4

257.1

59.1

0.8

44.5

 Of which: State-holding Enterprises

7.83

78.73

7.37

59.5

229.3

56.9

14.2

42.0

           Joint-Stock Enterprises

6.31

82.88

8.97

76.4

139.1

56.9

20.4

55.4

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

7.78

83.30

8.66

91.7

151.9

53.3

19.1

69.0

Of which: Private Enterprises

5.27

85.76

8.89

107.4

112.9

57.9

21.6

56.3

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

Designated Size in January-February 2021 (Group by Industries)

 

Table III

Indicators

Operating Income

Operating Costs

Total Profits

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

168726.6

45.5

139909.0

43.5

11140.1

178.9

Mining and Washing of Coal

3579.1

41.1

2354.1

27.3

574.7

204.4

Extraction of Petroleum and Natural Gas

1241.9

-6.8

810.7

3.4

227.2

-28.7

Mining of Ferrous Metal Ores

767.2

63.9

580.1

53.6

95.9

3895.8

Mining of Non-Ferrous Metal Ores

384.4

36.1

261.1

25.3

64.8

146.4

Mining And Processing of Nonmetal Ores

491.0

46.8

368.4

45.3

41.1

81.9

Mining Support Service Activities

178.9

-2.6

183.4

-5.9

-15.3

(Note1)

Mining of Other Ores N.E.C

2.1

425.0

1.9

533.3

0.0

(Note2)

Processing of Food From Agricultural Products

7641.3

33.9

6899.0

34.2

312.9

45.8

Manufacture of Foods

3127.3

31.6

2419.4

32.4

261.4

68.4

Manufacture of Wines, Beverage and Refined Tea

2553.2

34.1

1557.5

30.2

494.7

66.0

Manufacture of Cigarettes And Tobacco

3432.6

19.7

869.3

15.0

533.8

27.1

Manufacture of Textile

3075.5

38.9

2719.9

38.0

100.9

142.5

Manufacture of Textile Wearing Apparel And Ornament

1792.0

21.4

1515.1

21.5

78.3

42.9

Manufacture of  Leather, Fur, Feather Aad Its Products

1329.7

21.5

1143.5

21.5

67.6

26.8

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

1240.2

52.1

1117.3

53.3

38.8

52.8

Manufacture of Furniture

964.1

49.7

804.8

49.2

41.9

210.4

Manufacture of  Paper and Paper Products

2117.3

53.6

1792.2

52.8

154.3

183.6

Printing, Reproduction of Recording Media

939.2

47.0

789.1

46.5

43.6

169.1

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

1866.2

42.1

1620.8

42.7

75.7

63.1

Petroleum, coal and other Fuel Manufacturing

7542.4

12.7

5982.1

1.9

555.1

(Note3)

Manufacture of Chemical Raw Material  and Chemical Products

10450.4

45.9

8532.2

38.4

922.2

498.4

Manufacture of Medicines

4182.5

37.7

2242.1

31.8

804.5

95.4

Manufacture of Chemical Fibres

1276.6

48.5

1130.3

43.1

66.2

688.1

Manufacture of Rubber and Plastics Products

3837.2

58.0

3194.6

54.8

241.7

299.5

Manufacture of Non-Metallic Mineral Products

7959.3

49.5

6631.4

48.8

519.8

87.0

Manufacture and Processing of Ferrous Metals

12401.0

52.5

11469.7

51.2

480.5

271.0

Manufacture and Processing of Non-Ferrous Metals

8404.1

48.1

7756.7

45.4

302.0

258.2

Manufacture of Fabricated Metal Products

5675.1

64.6

4968.8

64.4

230.9

182.6

Manufacture of General-Purpose Machinery

5831.5

63.0

4771.5

60.6

345.5

319.3

Manufacture of Special-Purpose Machinery

4661.0

66.0

3617.6

61.3

393.7

399.0

Manufacture of Motor Vehicles

12940.8

77.1

10966.7

74.8

832.3

2525.6

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

1476.3

51.7

1260.4

51.5

45.6

508.0

Manufacture of Electrical Machinery and Equipment

9867.9

72.8

8412.6

72.2

457.0

430.8

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

18569.8

55.8

16242.0

52.7

778.9

5891.5

Manufacture of Measuring Instrument and Meter

1036.7

65.2

778.9

59.9

72.6

633.3

Other Manufacturing

259.1

49.7

217.6

48.3

12.3

173.3

Waste Recycling and Recovery

919.9

97.4

862.8

100.5

28.9

103.5

Repair of  Fabricated Metal Products, Machinery and Equipment

169.1

9.3

148.2

8.6

0.5

-58.3

Production and Supply of Electric Power and Heat Power

12022.5

21.4

10769.4

21.7

682.8

44.7

Production and Distribution of Gas

1982.4

26.6

1745.3

24.0

134.8

110.0

Production and Distribution of Water

537.6

29.4

400.6

25.1

39.9

369.4

 

 

 

 

 

 

 

Note: 1. Mining professional and auxiliary activities lost 1.87 billion yuan in the same period of last year.

2. The total profit of other mining industries in the same period of last year was 0.0 billion yuan.

3. The oil, coal and other fuel processing industry suffered a loss of 2.19 billion yuan in the same period last year.

4. The total of some indicators in this table is not equal to the sum of sub items, which is caused by data rounding, without mechanical adjustment.

 

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

 

4. 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.

 

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

 

6. Total Owners' Equity: refers to the residual interests after deducting liabilities, which belongs to the enterprise’s owners.

 

7. Accounts Receivable: refers to the amount that should be collected by an enterprise due to its business activities, such as selling goods and providing services, measured at amortized cost on the balance sheet date.

 

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

 

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

 

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

 

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

 

12. Revenue from Activities Brought by per Hundred-yuan Assets = the revenue from activities / average assets / the cumulative number of months × 12 × 100, unit: yuan.

 

13. Revenue from Activities per Capita = revenue from activities / average number of employment / the cumulative number of months × 12, unit: 10 thousand yuan/ person.

 

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

 

15. Turnover Days of Finished Goods = 360 × average finished goods / revenue from activities × the cumulative number of months / 12, unit: days.

 

16. Days Sales Outstanding (the number of days on average a company takes to collect its accounts receivable) = 360 ×average accounts receivable / revenue from activities ×the cumulative number of months / 12, unit: days.

 

17. The two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

 

18. 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 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 survey 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.

 

III. Statistical Coverage

 

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

 

IV. Survey Method

 

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.

 

 

Annex
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