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

National Bureau of Statistics of China 2021-05-28 09:30 Print| Large| Medium| Small

From January to April, China's Industrial enterprises above designated size achieved a total profit of 2,594.35 billion yuan, a year-on-year increase of 1.06 times (according to the comparable caliber, see Note 2 for details), an increase of 49.6 percent over January to April 2019, and an average increase of 22.3 percent in two years.

 

From January to April, among the industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 838.07 billion yuan, a year-on-year increase of 1.87 times; the total profits of joint-stock enterprises reached 1,825.35 billion yuan, an increase of 1.08 times; the total profits of enterprises invested by foreign investors, Hong Kong, Macao and Taiwan reached 725.02 billion yuan, an increase of 1.07 times; the total profit of private enterprises reached 767.27 billion yuan, an increase of 69.2 percent.

 

From January to April, the mining industry realized a total profit of 217.13 billion yuan, an increase of 1.03 times over the previous year; the total profit of manufacturing industry was 2,196.31 billion yuan, an increase of 1.14 times; power, heat, gas and water production and supply industry realized a total profit of 180.91 billion yuan, an increase of 45.1 percent.

 

From January to April, of the 41 major industries, the total profits of 39 increased year-on-year, one turned losses into profits, and one reduced loss. The profits of the main industries were as follows: the total profits of nonferrous metal smelting and processing industry increased by 4.84 times, ferrous metal smelting and processing industry increased by 4.16 times, chemical raw materials and chemical products manufacturing industry increased by 2.72 times, automobile manufacturing industry increased by 1.58 times, oil and natural gas exploitation industry increased by 1.19 times, coal mining and washing industry increased by 91.5 percent, and computer, communications and other electronic equipment manufacturing industry increased by 86.2 percent, electrical machinery and equipment manufacturing industry increased by 85.8 percent, special equipment manufacturing industry increased by 77.7 percent, general equipment manufacturing industry increased by 67.7 percent, non-metallic mineral products industry increased by 40.8 percent, power and heat production and supply industry increased by 40.5 percent, textile industry increased by 16.6 percent, agricultural and sideline food processing industry increased by 16.6 percent, and the petroleum, coal and other fuel processing industry turned from loss to profit in the same period.

 

From January to April, the operating revenue of industrial enterprises above designated size reached 37.78 trillion yuan, up 33.6 percent year on year; the operating costs incurred were 31.54 trillion yuan, an increase of 31.4 percent; the profit margin of operating revenue was 6.87 percent, up 2.42 percentage points year on year.

 

At the end of April, assets of industrial enterprises above designated size totaled 129.99 trillion yuan, up 9.4 percent year on year; total liabilities amounted to 73.18 trillion yuan, an increase of 8.6 percent; the total owner's equity was 56.81 trillion yuan, an increase of 10.4 percent; the asset liability ratio was 56.3 percent, a year-on-year decrease of 0.4 percentage point.

 

At the end of April, the accounts receivable of industrial enterprises above designated size reached 16.88 trillion yuan, up 16.0 percent year on year; the inventory of finished products was 4.79 trillion yuan, an increase of 8.2 percent.

 

From January to April, the cost per 100 yuan of operating income of industrial enterprises above designated size was 83.48 yuan, a year-on-year decrease of 1.39 yuan; the cost per 100 yuan of operating income was 8.45 yuan, a year-on-year decrease of 0.84 yuan.

 

At the end of April, the operating income of industrial enterprises above designated size per 100 yuan of assets was 88.2 yuan, an increase of 15.9 yuan year on year; the per capita operating income was 1.563 million yuan, an increase of 381 thousand yuan over the same period last year; the turnover days of finished goods inventory was 17.9 days, a year-on-year decrease of 3.8 days; the average recovery period of accounts receivable was 52.7 days, a year-on-year decrease of 7.8 days.

 

In April, the total profits of industrial enterprises above designated size reached 768.63 billion yuan, up 57.0 percent year on year.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in January to April 2021

 

Table I

Indicators

Operating Income

Operating Costs

Total Profits

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

274828.0

38.7

229126.7

36.5

18253.8

137.3

Of which: Mining and Quarrying

10639.1

25.1

7365.0

19.7

1519.5

77.1

Manufacturing

242118.0

41.2

202231.1

38.9

15366.3

157.8

Production and Distribution of Electricity, Heat, Gas and Water

22070.9

22.0

19530.6

21.4

1368.0

56.9

 Of which: State-holding Enterprises

75508.7

32.8

60132.6

29.1

6165.4

199.4

            Joint-Stock Enterprises

201385.0

38.2

167893.8

36.1

12792.7

129.2

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

65303.2

42.1

54453.6

39.3

5128.1

160.9

Of which: Private Enterprises

104494.3

41.0

90035.4

39.8

5163.3

91.9

 

 

 

 

 

 

 

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 to April 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-Apr (%)

Jan- Apr (yuan)

Jan- Apr (yuan)

By the end of April (yuan)

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

By the end of April (%)

By the end of April (days)

By the end of April (days)

 

 

 

 

 

 

 

 

 

Total

6.64

83.37

8.60

86.0

152.7

56.3

18.3

53.8

Of which: Mining and Quarrying

14.28

69.23

11.82

41.5

101.9

60.5

13.6

41.0

Manufacturing

6.35

83.53

8.69

101.0

150.3

55.2

20.2

55.1

Production and Distribution of Electricity, Heat, Gas and Water

6.20

88.49

6.10

40.7

260.1

59.1

0.8

46.2

 Of which: State-holding Enterprises

8.17

79.64

7.21

62.1

241.5

57.0

13.3

41.0

           Joint-Stock Enterprises

6.35

83.37

8.79

82.7

149.8

57.1

18.9

51.4

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

7.85

83.39

8.40

98.3

161.8

53.4

17.9

64.3

Of which: Private Enterprises

4.94

86.16

8.77

117.8

122.7

58.2

19.9

51.3

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

Designated Size in January to April 2021 (Group by Industries)

 

Table III

Indicators

Operating Income

Operating Costs

Total Profits

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

274828.0

38.7

229126.7

36.5

18253.8

137.3

Mining and Washing of Coal

5621.1

29.6

3787.9

22.0

808.8

94.3

Extraction of Petroleum and Natural Gas

1979.4

3.5

1244.6

2.5

411.2

18.4

Mining of Ferrous Metal Ores

1230.1

57.0

929.1

46.5

143.5

780.4

Mining of Non-Ferrous Metal Ores

635.7

29.0

439.8

21.1

96.8

95.2

Mining And Processing of Nonmetal Ores

821.8

35.7

621.1

34.8

66.4

50.9

Mining Support Service Activities

347.7

-6.9

339.5

-9.3

-7.2

(Note1)

Mining of Other Ores N.E.C

3.3

153.8

3.0

150.0

0.1

(Note2)

Processing of Food From Agricultural Products

12121.4

26.0

10984.9

26.2

458.2

28.9

Manufacture of Foods

4891.6

23.2

3824.6

24.2

394.9

52.1

Manufacture of Wines, Beverage and Refined Tea

4090.1

30.3

2568.7

28.2

767.5

44.1

Manufacture of Cigarettes And Tobacco

4287.7

13.0

1155.5

7.9

645.4

18.7

Manufacture of Textile

5237.4

27.3

4654.6

26.8

168.8

40.4

Manufacture of Textile Wearing Apparel And Ornament

2968.2

16.5

2526.6

15.9

115.9

43.3

Manufacture of  Leather, Fur, Feather Aad Its Products

2320.2

17.7

2005.8

17.3

116.2

29.3

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

2056.5

39.2

1859.5

39.9

64.0

27.2

Manufacture of Furniture

1637.1

39.9

1374.3

40.1

67.3

72.6

Manufacture of  Paper and Paper Products

3401.0

37.3

2871.2

35.9

247.6

112.7

Printing, Reproduction of Recording Media

1535.4

30.8

1297.3

31.0

71.2

49.3

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

3011.0

35.6

2623.1

35.7

124.5

57.0

Petroleum, coal and other Fuel Manufacturing

12089.9

19.6

9640.1

6.6

899.1

(Note3)

Manufacture of Chemical Raw Material  and Chemical Products

17606.8

40.2

14349.5

32.8

1688.9

342.5

Manufacture of Medicines

6555.1

33.5

3594.4

26.1

1147.6

88.7

Manufacture of Chemical Fibres

2153.0

40.7

1895.8

34.7

136.6

596.9

Manufacture of Rubber and Plastics Products

6341.3

44.0

5305.4

41.4

396.9

140.0

Manufacture of Non-Metallic Mineral Products

12996.2

40.0

10849.9

39.2

857.6

69.1

Manufacture and Processing of Ferrous Metals

20483.1

50.5

18837.3

47.7

871.4

387.6

Manufacture and Processing of Non-Ferrous Metals

14388.2

43.0

13269.1

39.2

555.0

471.0

Manufacture of Fabricated Metal Products

9325.1

49.2

8200.3

48.6

366.6

116.7

Manufacture of General-Purpose Machinery

9873.3

49.4

8111.6

48.0

633.2

118.7

Manufacture of Special-Purpose Machinery

8253.4

49.8

6467.1

47.2

707.6

145.5

Manufacture of Motor Vehicles

21162.7

71.5

18018.9

69.4

1320.8

843.4

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

2534.1

37.8

2162.3

37.9

103.1

72.4

Manufacture of Electrical Machinery and Equipment

16763.1

56.5

14325.8

56.1

838.0

166.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

29956.9

39.6

26016.4

37.6

1383.5

141.4

Manufacture of Measuring Instrument and Meter

1764.4

46.1

1330.8

43.2

140.5

111.0

Other Manufacturing

431.8

41.8

364.3

41.1

20.7

80.0

Waste Recycling and Recovery

1601.4

90.9

1503.6

92.8

52.2

99.2

Repair of  Fabricated Metal Products, Machinery and Equipment

280.6

5.3

242.4

2.1

5.3

194.4

Production and Supply of Electric Power and Heat Power

18261.3

21.2

16309.7

20.9

1080.9

50.7

Production and Distribution of Gas

2974.5

26.2

2599.3

25.1

227.2

66.1

Production and Distribution of Water

835.1

26.2

621.6

21.6

59.8

234.1

 

 

 

 

 

 

 

Note: 1. Mining professional and auxiliary activities lost 1.54 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 25.24 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.