The Profit of Industrial Enterprises above Designated Size from January to February in 2021

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.

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.

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.