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

National Bureau of Statistics of China 2021-06-28 09:30 Print| Large| Medium| Small

From January to May, China's industrial enterprises above designated size achieved a total profit of 3,424.74 billion yuan, an increase of 83.4 percent over the same period last year (according to the comparable caliber, see Note 2 for details), an increase of 48.0 percent over the period from January to May in 2019, and an average increase of 21.7 percent in two years.

 

From January to May, among the industrial enterprises above designated size, the total profits of state-owned holding enterprises reached 1,104.99 billion yuan, a year-on-year increase of 1.50 times; the total profits of joint-stock enterprises reached 2,413.3 billion yuan, an increase of 86.5 percent; the total profits of enterprises invested by foreign investors, Hong Kong, Macao and Taiwan reached 939.44 billion yuan, an increase of 80.8 percent; the total profits of private enterprises reached 1,019.8 billion yuan, up 56.3 percent.

 

From January to May, the mining industry realized a total profit of 300.87 billion yuan, a year-on-year increase of 1.36 times; the total profit of manufacturing industry was 2,900.66 billion yuan, an increase of 85.2 percent; the power, heat, gas and water production and supply industry realized a total profit of 223.21 billion yuan, an increase of 29.1 percent.

 

From January to May, 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 3.87 times, ferrous metal smelting and processing industry increased by 3.77 times, oil and gas exploitation industry increased by 2.73 times, chemical raw materials and chemical products manufacturing industry increased by 2.11 times, coal mining and washing industry increased by 1.09 times, and automobile manufacturing industry increased by 81.1 percent, the electrical machinery and equipment manufacturing industry increased by 49.8 percent, the computer, communication and other electronic equipment manufacturing industry increased by 49.3 percent, the general equipment manufacturing industry increased by 45.5 percent, the special equipment manufacturing industry increased by 38.4 percent, the non-metallic mineral products industry increased by 30.3 percent, the electric power, heat production and supply industry increased by 24.7 percent, the agricultural and sideline food processing industry increased by 11.0 percent, the textile industry increased by 4.7 percent, and the petroleum, coal and other fuel processing industry turned from loss to profit in the same period.

 

From January to May, the operating revenue of industrial enterprises above designated size reached 48.15 trillion yuan, up 30.5 percent year on year; the operating cost was 40.20 trillion yuan, an increase of 28.6 percent; the profit margin of operating revenue was 7.11 percent, 2.05 percentage points higher than that of the previous year.

 

At the end of May, the assets of industrial enterprises above designated size totaled 131.41 trillion yuan, up 9.3 percent year on year; liabilities totaled 73.96 trillion yuan, an increase of 8.2 percent; the total owner's equity was 57.44 trillion yuan, an increase of 10.8 percent; the asset liability ratio was 56.3 percent, a year-on-year decrease of 0.6 percent.

 

At the end of May, the accounts receivable of industrial enterprises above designated size reached 17.44 trillion yuan, a year-on-year increase of 14.1 percent; the inventory of finished products was 4.93 trillion yuan, an increase of 10.2 percent.

 

From January to May, the cost per 100 yuan of operating income of industrial enterprises above designated size was 83.48 yuan, a year-on-year decrease of 1.24 yuan; the cost per 100 yuan of operating income was 8.38 yuan, a year-on-year decrease of 0.72 yuan.

 

At the end of May, the operating income of industrial enterprises above designated size per 100 yuan of assets was 89.5 yuan, an increase of 14.5 yuan year on year; the per capita operating income was 1.589 million yuan, with a year-on-year increase of 363,000 yuan; the turnover days of finished goods inventory was 17.8 days, a year-on-year decrease of 3.1 days; the average recovery period of accounts receivable was 52.5 days, a year-on-year decrease of 7.0 days.

 

In May, industrial enterprises above designated size achieved a total profit of 829.92 billion yuan, up 36.4 percent year on year.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in January to May 2021

 

Table I

Indicators

Operating Income

Operating Costs

Total Profits

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

481530.0

30.5

401976.0

28.6

34247.4

83.4

Of which: Mining and Quarrying

18660.9

28.4

12695.4

17.1

3008.7

135.5

Manufacturing

426921.7

31.7

357511.0

29.9

29006.6

85.2

Production and Distribution of Electricity, Heat, Gas and Water

35947.3

19.2

31769.6

19.5

2232.1

29.1

 Of which: State-holding Enterprises

128489.3

29.3

103004.7

25.5

11049.9

150.1

            Joint-Stock Enterprises

355664.9

31.4

297123.3

29.5

24133.0

86.5

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

112287.8

28.8

93373.3

26.9

9394.4

80.8

Of which: Private Enterprises

187330.1

31.1

161268.5

30.2

10198.0

56.3

 

 

 

 

 

 

 

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 May 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-May (%)

Jan- May (yuan)

Jan- May (yuan)

By the end of May (yuan)

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

By the end of May (%)

By the end of May (days)

By the end of May (days)

 

 

 

 

 

 

 

 

 

Total

7.11

83.48

8.38

89.5

158.9

56.3

17.8

52.5

Of which: Mining and Quarrying

16.12

68.03

11.30

43.3

106.9

60.0

13.3

41.0

Manufacturing

6.79

83.74

8.44

105.6

157.2

55.3

19.5

53.4

Production and Distribution of Electricity, Heat, Gas and Water

6.21

88.38

6.15

39.7

257.2

59.0

0.9

48.0

 Of which: State-holding Enterprises

8.60

80.17

7.15

63.0

247.6

56.8

12.9

41.0

           Joint-Stock Enterprises

6.79

83.54

8.50

86.7

156.9

57.0

18.1

49.8

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

8.37

83.16

8.34

100.4

166.0

53.5

17.8

63.7

Of which: Private Enterprises

5.44

86.09

8.38

124.8

129.8

58.2

19.0

49.3

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

Operating Income

Operating Costs

Total Profits

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

481530.0

30.5

401976.0

28.6

34247.4

83.4

Mining and Washing of Coal

9785.7

28.8

6462.8

18.1

1614.4

109.4

Extraction of Petroleum and Natural Gas

3411.2

25.8

2102.8

6.3

767.5

273.1

Mining of Ferrous Metal Ores

2181.3

56.8

1602.4

43.3

295.9

201.6

Mining of Non-Ferrous Metal Ores

1130.9

24.5

776.7

16.3

194.2

94.4

Mining And Processing of Nonmetal Ores

1477.7

21.8

1105.9

20.9

138.7

28.7

Mining Support Service Activities

668.4

-5.9

640.1

-7.2

-2.3

(Note1)

Mining of Other Ores N.E.C

5.7

39.0

4.8

50.0

0.3

50.0

Processing of Food From Agricultural Products

20922.1

19.5

19078.0

20.1

729.8

11.0

Manufacture of Foods

8188.7

14.0

6417.3

15.2

648.9

16.3

Manufacture of Wines, Beverage and Refined Tea

6637.2

21.7

4321.5

18.6

1138.7

38.6

Manufacture of Cigarettes And Tobacco

6025.5

8.9

1715.0

4.2

882.2

15.6

Manufacture of Textile

9443.8

19.8

8391.5

20.6

355.0

4.7

Manufacture of Textile Wearing Apparel And Ornament

5250.6

13.3

4486.9

12.9

234.6

27.9

Manufacture of  Leather, Fur, Feather Aad Its Products

4029.7

13.5

3488.6

13.1

196.6

18.1

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

3564.5

23.1

3218.7

23.3

128.1

17.5

Manufacture of Furniture

2931.5

31.9

2456.7

32.0

135.7

44.7

Manufacture of  Paper and Paper Products

5866.2

27.3

4960.3

25.5

414.4

84.2

Printing, Reproduction of Recording Media

2701.1

20.6

2279.8

20.9

142.2

18.2

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

5303.6

29.1

4618.9

29.6

230.7

26.8

Petroleum, coal and other Fuel Manufacturing

21071.6

29.9

16957.3

18.9

1486.6

(Note2)

Manufacture of Chemical Raw Material  and Chemical Products

31352.4

36.2

25495.2

29.7

3200.1

211.4

Manufacture of Medicines

11162.3

27.6

6013.7

18.0

2244.8

81.7

Manufacture of Chemical Fibres

3857.7

34.3

3392.8

27.6

275.9

743.7

Manufacture of Rubber and Plastics Products

11141.8

29.0

9346.9

28.3

700.1

46.5

Manufacture of Non-Metallic Mineral Products

24048.3

26.7

19942.5

26.5

1883.4

30.3

Manufacture and Processing of Ferrous Metals

38627.5

52.3

34948.2

47.0

2282.3

377.1

Manufacture and Processing of Non-Ferrous Metals

26236.0

40.0

24093.4

35.5

1152.0

386.7

Manufacture of Fabricated Metal Products

17084.7

38.2

15032.6

37.9

751.1

63.6

Manufacture of General-Purpose Machinery

17719.8

32.3

14572.7

32.1

1229.2

45.5

Manufacture of Special-Purpose Machinery

14625.1

30.0

11472.5

29.5

1304.3

38.4

Manufacture of Motor Vehicles

35852.8

38.3

30577.7

38.2

2474.5

81.1

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

4487.3

24.9

3838.6

25.5

194.9

15.3

Manufacture of Electrical Machinery and Equipment

30182.2

40.8

25768.3

41.4

1580.8

49.8

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

51117.7

25.8

44292.4

24.2

2544.8

49.3

Manufacture of Measuring Instrument and Meter

3141.1

29.0

2363.9

27.8

297.9

34.3

Other Manufacturing

766.5

27.4

647.2

27.7

39.2

24.8

Waste Recycling and Recovery

3082.7

78.6

2898.8

80.2

109.5

80.4

Repair of  Fabricated Metal Products, Machinery and Equipment

499.9

4.0

423.3

0.0

18.4

70.4

Production and Supply of Electric Power and Heat Power

29931.5

18.1

26746.3

18.7

1722.6

24.7

Production and Distribution of Gas

4578.3

25.1

3975.1

24.8

365.6

41.8

Production and Distribution of Water

1437.5

22.2

1048.2

19.9

143.8

60.3

 

 

 

 

 

 

 

Note: 1. Mining professional and auxiliary activities lost 1.54 billion yuan in the same period of last year.

2. The oil, coal and other fuel processing industry suffered a loss of 25.24 billion yuan in the same period last year.

3. 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.