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

National Bureau of Statistics of China 2021-07-28 09:30 Print| Large| Medium| Small

From January to June, industrial enterprises above designated size achieved a total profit of 4,218.33 billion yuan, a year-on-year increase of 66.9 percent (calculated according to comparable standards, see note II for details), an increase of 45.5 percent over January to June 2019, and an average increase of 20.6 percent over the two years.

 

From January to June, among industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 1,377.42 billion yuan, an increase of 1.12 times year-on-year; joint stock enterprises realized a total profit of 2,985.85 billion yuan, an increase of 70.4 percent; the total profits of foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 1,143.36 billion yuan, an increase of 60.7 percent; and the total profit of private enterprises was 1,216.4 billion yuan, an increase of 47.1 percent.

 

From January to June, the mining industry realized a total profit of 382.11 billion yuan, a year-on-year increase of 1.33 times; the manufacturing industry realized a total profit of 3,567.73 billion yuan, an increase of 67.3 percent; and the production and supply of electricity, heat, gas and water realized a total profit of 268.48 billion yuan, an increase of 16.9 percent.

 

From January to June, among the 41 major industrial industries, the total profits of 39 industries increased year-on-year, one industry turned loss into profit and one industry was flat. The profits of main industries are as follows: the total profits of non-ferrous metal smelting and processing industry increased by 2.73 times year-on-year, oil and natural gas mining industry increased by 2.49 times, ferrous metal smelting and processing industry increased by 2.34 times, chemical raw materials and chemical products manufacturing industry increased by 1.77 times, coal mining and washing industry increased by 1.14 times, automobile manufacturing industry increased by 45.2 percent, computers communications and other electronic equipment manufacturing grew by 45.2 percent, electrical machinery and equipment manufacturing increased by 36.1 percent, general equipment manufacturing increased by 34.5 percent, special equipment manufacturing increased by 31.0 percent, non-metallic mineral products increased by 26.7 percent, power and heat production and supply increased by 9.5 percent, agricultural and sideline food processing industry increased by 5.4 percent, textile industry increased by 2.3 percent, oil The coal and other fuel processing industry turned from loss to profit in the same period.

 

From January to June, industrial enterprises above designated size realized an operating revenue of 59.29 trillion yuan, a year-on-year increase of 27.9 percent; the operating cost was 49.54 trillion yuan an increase of 26.4 percent; and the profit margin of operating revenue was 7.11 percent, a year-on-year increase of 1.66 percentage points.

 

At the end of June, the assets of industrial enterprises above designated size totaled 132.63 trillion yuan, a year-on-year increase of 9.3 percent; liabilities totaled 74.96 trillion yuan, an increase of 8.5 percent; the total owner's equity was 57.67 trillion yuan, an increase of 10.3 percent; and the asset liability ratio was 56.5 percent, a year-on-year decrease of 0.4 percentage point.

 

At the end of June, the accounts receivable of industrial enterprises above designated size were 17.56 trillion yuan, a year-on-year increase of 13.1 percent; and the inventory of finished products was 4.95 trillion yuan, an increase of 11.3 percent.

 

From January to June, the cost per 100 yuan of operating income of industrial enterprises above designated size was 83.54 yuan, a year-on-year decrease of 0.98 yuan; and the expense per 100 yuan of operating income was 8.45 yuan, a year-on-year decrease of 0.65 yuan.

 

At the end of June, the operating income of industrial enterprises above designated size per 100 yuan of assets was 91.4 yuan, an increase of 13.2 yuan year-on-year; the per capita operating income was 1.622 million yuan, a year-on-year increase of 345,000 yuan; the inventory turnover days of finished products were 17.4 days, a year-on-year decrease of 2.5 days; and the average recovery period of accounts receivable was 51.4 days, a year-on-year decrease of 5.9 days.

 

In June, industrial enterprises above designated size realized a total profit of 791.8 billion yuan, a year-on-year increase of 20.0 percent.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in January to June 2021

 

Table I

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

592931.9

27.9

495357.8

26.4

42183.3

66.9

Of which: Mining and Quarrying

23181.5

29.5

15737.9

17.7

3821.1

133.0

Manufacturing

526159.6

28.7

440952.6

27.4

35677.3

67.3

Production and Distribution of Electricity, Heat, Gas and Water

43590.8

18.4

38667.3

19.5

2684.8

16.9

 Of which: State-holding Enterprises

156516.3

26.9

125704.3

23.9

13774.2

111.9

            Joint-Stock Enterprises

439550.5

29.1

367471.9

27.5

29858.5

70.4

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

136520.7

25.0

113555.6

23.6

11433.6

60.7

Of which: Private Enterprises

231892.6

28.6

199915.6

28.0

12164.0

47.1

 

 

 

 

 

 

 

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 June 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-Jun (%)

Jan-Jun (yuan)

Jan- Jun (yuan)

By the end of June (yuan)

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

By the end of June (%)

By the end of June(days)

By the end of June (days)

 

 

 

 

 

 

 

 

 

Total

7.11

83.54

8.45

91.4

162.2

56.5

17.4

51.4

Of which: Mining and Quarrying

16.48

67.89

11.20

44.6

110.3

60.1

12.8

39.7

Manufacturing

6.78

83.81

8.51

107.9

160.6

55.5

19.0

52.2

Production and Distribution of Electricity, Heat, Gas and Water

6.16

88.71

6.24

40.0

259.5

59.3

0.9

48.1

 Of which: State-holding Enterprises

8.80

80.31

7.18

63.9

251.3

57.0

12.5

40.3

           Joint-Stock Enterprises

6.79

83.60

8.57

88.8

160.7

57.3

17.6

48.8

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

8.37

83.18

8.40

101.7

167.6

53.7

17.5

62.4

Of which: Private Enterprises

5.25

86.21

8.43

127.7

133.0

58.6

18.6

48.3

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jun (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

592931.9

27.9

495357.8

26.4

42183.3

66.9

Mining and Washing of Coal

12159.5

30.9

8011.5

20.0

2068.8

113.8

Extraction of Petroleum and Natural Gas

4152.7

27.9

2547.3

6.2

962.5

248.6

Mining of Ferrous Metal Ores

2748.2

57.2

1998.6

42.1

380.3

187.9

Mining of Non-Ferrous Metal Ores

1411.8

20.9

976.8

13.6

236.0

83.5

Mining And Processing of Nonmetal Ores

1843.8

19.8

1381.2

18.8

170.5

27.9

Mining Support Service Activities

858.6

-4.3

816.6

-5.1

2.7

35.0

Mining of Other Ores N.E.C

7.0

37.3

5.8

48.7

0.3

0.0

Processing of Food From Agricultural Products

25476.3

18.8

23275.1

19.7

848.7

5.4

Manufacture of Foods

9962.8

12.6

7823.6

13.9

785.0

10.4

Manufacture of Wines, Beverage and Refined Tea

8252.7

18.3

5386.3

15.9

1435.8

29.7

Manufacture of Cigarettes And Tobacco

6870.0

7.9

1998.3

4.3

1000.3

14.1

Manufacture of Textile

11707.5

18.9

10402.5

19.9

446.0

2.3

Manufacture of Textile Wearing Apparel And Ornament

6533.8

13.0

5600.2

12.8

274.0

13.9

Manufacture of  Leather, Fur, Feather Aad Its Products

5058.8

11.8

4383.5

11.6

243.5

13.5

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

4393.8

20.5

3967.6

20.7

153.2

13.8

Manufacture of Furniture

3640.8

29.3

3051.6

29.5

170.4

27.9

Manufacture of  Paper and Paper Products

7142.0

24.7

6067.0

23.2

484.3

77.1

Printing, Reproduction of Recording Media

3331.8

18.8

2814.8

19.1

173.7

11.8

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

6543.4

27.2

5697.9

27.7

287.1

25.5

Petroleum, coal and other Fuel Manufacturing

25861.0

31.7

20779.1

22.8

1794.1

(注1

Manufacture of Chemical Raw Material  and Chemical Products

38481.7

35.4

31355.0

30.0

3803.8

176.8

Manufacture of Medicines

14046.9

28.0

7457.0

17.5

3000.4

88.8

Manufacture of Chemical Fibres

4760.1

35.0

4192.9

28.7

326.6

387.5

Manufacture of Rubber and Plastics Products

13590.3

25.0

11440.7

25.2

812.1

24.9

Manufacture of Non-Metallic Mineral Products

29960.6

23.5

24861.7

23.4

2358.0

26.7

Manufacture and Processing of Ferrous Metals

47287.5

49.5

42831.7

45.0

2671.0

234.1

Manufacture and Processing of Non-Ferrous Metals

32584.4

38.3

29975.4

34.3

1403.7

272.8

Manufacture of Fabricated Metal Products

21132.7

34.6

18612.4

34.4

902.0

52.3

Manufacture of General-Purpose Machinery

22112.3

28.3

18210.1

28.4

1516.6

34.5

Manufacture of Special-Purpose Machinery

18190.8

25.1

14327.3

25.2

1594.9

31.0

Manufacture of Motor Vehicles

42891.1

28.0

36689.9

28.6

2876.8

45.2

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

5737.0

20.5

4905.6

21.0

273.1

11.6

Manufacture of Electrical Machinery and Equipment

37817.4

36.4

32331.0

37.4

1993.1

36.1

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

63294.3

22.1

54469.6

20.4

3451.6

45.2

Manufacture of Measuring Instrument and Meter

3996.5

25.7

3012.2

25.1

391.2

25.1

Other Manufacturing

951.1

25.5

802.9

25.6

49.7

21.5

Waste Recycling and Recovery

3914.1

74.3

3693.8

76.3

128.5

64.7

Repair of  Fabricated Metal Products, Machinery and Equipment

636.0

4.1

536.2

0.9

27.8

35.6

Production and Supply of Electric Power and Heat Power

36349.1

17.3

32647.7

18.7

2024.9

9.5

Production and Distribution of Gas

5451.2

25.3

4711.8

25.0

473.3

48.5

Production and Distribution of Water

1790.5

20.6

1307.8

19.3

186.7

44.6

 

 

 

 

 

 

 

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.