The Profit of Industrial Enterprises above Designated Size from January to July in 2021
National Bureau of Statistics of China2021-08-30 09:30




From January to July, industrial enterprises above designated size achieved a total profit of 4,923.95 billion yuan, a year-on-year increase of 57.3 percent (calculated according to comparable standards, see note II for details), an increase of 44.6 percent over January to July 2019 and an average increase of 20.2 percent over the two years.

 

From January to July, among industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 1,583.71 billion yuan, a year-on-year increase of 1.02 times; joint stock enterprises realized a total profit of 3,487.11 billion yuan, an increase of 62.4 percent; the total profits of foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 1,333.05 billion yuan, an increase of 46.0 percent; the total profit of private enterprises was 1,426.76 billion yuan, an increase of 40.2 percent.

 

From January to July, the mining industry realized a total profit of 481.11 billion yuan, a year-on-year increase of 1.45 times; the manufacturing industry realized a total profit of 4,137.47 billion yuan, an increase of 56.4 percent; the production and supply of electricity, heat, gas and water realized a total profit of 305.37 billion yuan, an increase of 5.4 percent.

 

From January to July, among the 41 major industrial industries, the total profits of 36 industries increased year-on-year, two industries turned losses into profits, one industry was flat and two industries decreased. The profits of main industries were as follows: the total profits of oil and gas exploitation industry increased by 2.67 times year-on-year, non-ferrous metal smelting and processing industry increased by 2.00 times, ferrous metal smelting and processing industry increased by 1.82 times, chemical raw materials and chemical products manufacturing industry increased by 1.62 times, coal mining and washing industry increased by 1.28 times, and computer, communication and other electronic equipment manufacturing industry increased by 43.2 percent, electrical machinery and equipment manufacturing industry increased by 30.2 percent, general equipment manufacturing industry increased by 25.7 percent, non-metallic mineral products industry increased by 21.0 percent, automobile manufacturing industry increased by 19.7 percent, special equipment manufacturing industry increased by 17.7 percent, textile industry increased by 4.2 percent, agricultural and sideline food processing industry increased by 0.7 percent, power and heat production and supply industry decreased by 2.8 percent, oil, coal and other fuel processing industry turned from loss to profit in the same period.

 

From January to July, industrial enterprises above designated size realized an operating revenue of 69.48 trillion yuan, an increase of 25.6 percent year-on-year; the operating cost was 58.11 trillion yuan, an increase of 24.4 percent; the profit margin of operating revenue was 7.09 percent, a year-on-year increase of 1.43 percentage points.

 

At the end of July, the assets of industrial enterprises above designated size totaled 133.41 trillion yuan, a year-on-year increase of 9.0 percent; liabilities totaled 75.16 trillion yuan, an increase of 8.2 percent; the total owner's equity was 58.25 trillion yuan, an increase of 10.1 percent; the asset liability ratio was 56.3 percent, a year-on-year decrease of 0.4 percentage point.

 

At the end of July, the accounts receivable of industrial enterprises above designated size were 17.84 trillion yuan, a year-on-year increase of 13.3 percent; the inventory of finished products was 5.08 trillion yuan, an increase of 13.0 percent.

 

From January to July, the cost per 100 yuan of operating income of industrial enterprises above designated size was 83.63 yuan, a year-on-year decrease of 0.79 yuan; the expense per 100 yuan of operating income was 8.41 yuan, a year-on-year decrease of 0.61 yuan.

 

At the end of July, the operating income of industrial enterprises above designated size per 100 yuan of assets was 91.5 yuan, an increase of 11.8 yuan year-on-year; the per capita operating income was 1.626 million yuan, a year-on-year increase of 327,000 yuan; the inventory turnover days of finished products were 17.5 days, a year-on-year decrease of 2.1 days; the average recovery period of accounts receivable was 51.6 days, a year-on-year decrease of 4.8 days.

 

In July, industrial enterprises above designated size realized a total profit of 703.67 billion yuan, a year-on-year increase of 16.4 percent.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in January to July 2021

 

Table I

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

694769.5

25.6

581062.0

24.4

49239.5

57.3

Of which: Mining and Quarrying

27703.4

30.8

18616.4

17.9

4811.1

144.6

Manufacturing

615335.8

26.0

516403.3

25.1

41374.7

56.4

Production and Distribution of Electricity, Heat, Gas and Water

51730.2

18.1

46042.2

20.0

3053.7

5.4

 Of which: State-holding Enterprises

181597.6

25.6

146119.2

23.0

15837.1

102.2

            Joint-Stock Enterprises

515377.3

27.0

431413.6

25.8

34871.1

62.4

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

159396.5

21.6

132621.4

20.6

13330.5

46.0

Of which: Private Enterprises

271614.7

26.1

234326.0

25.6

14267.6

40.2

 

 

 

 

 

 

 

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 July 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-Jul (%)

Jan-Jul (yuan)

Jan- Jul (yuan)

By the end of July (yuan)

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

By the end of July (%)

By the end of July(days)

By the end of July (days)

 

 

 

 

 

 

 

 

 

Total

7.09

83.63

8.41

91.5

162.6

56.3

17.5

51.6

Of which: Mining and Quarrying

17.37

67.20

11.04

45.2

112.9

59.4

12.8

39.8

Manufacturing

6.72

83.92

8.48

107.9

160.6

55.4

19.2

52.3

Production and Distribution of Electricity, Heat, Gas and Water

5.90

89.00

6.17

40.5

264.1

59.3

0.9

48.8

 Of which: State-holding Enterprises

8.72

80.46

7.21

63.4

250.7

57.0

12.7

41.2

           Joint-Stock Enterprises

6.77

83.71

8.51

88.9

161.3

57.1

17.8

48.9

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

8.36

83.20

8.43

101.7

167.1

53.4

17.8

63.0

Of which: Private Enterprises

5.25

86.27

8.37

127.8

133.3

58.3

18.7

48.2

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

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

 

Table III

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

Jan-Jul (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

694769.5

25.6

581062.0

24.4

49239.5

57.3

Mining and Washing of Coal

14518.8

32.7

9443.9

20.1

2584.4

127.9

Extraction of Petroleum and Natural Gas

4943.4

31.2

3000.3

8.1

1168.3

266.7

Mining of Ferrous Metal Ores

3401.2

55.4

2431.8

39.9

563.4

189.8

Mining of Non-Ferrous Metal Ores

1651.0

18.8

1142.5

12.4

284.6

79.2

Mining And Processing of Nonmetal Ores

2163.9

16.7

1623.0

15.7

206.1

24.0

Mining Support Service Activities

1017.9

-1.3

968.9

-2.5

3.9

(note1)

Mining of Other Ores N.E.C

7.2

38.5

6.0

46.3

0.3

0.0

Processing of Food From Agricultural Products

29629.4

17.4

27118.8

18.4

970.2

0.7

Manufacture of Foods

11513.0

11.5

9057.1

13.0

883.5

4.4

Manufacture of Wines, Beverage and Refined Tea

9537.9

16.5

6261.7

14.4

1624.1

27.3

Manufacture of Cigarettes And Tobacco

7921.8

7.3

2330.0

3.2

1119.9

9.5

Manufacture of Textile

13847.2

15.9

12293.7

16.5

545.6

4.2

Manufacture of Textile Wearing Apparel And Ornament

7799.4

11.0

6693.5

10.9

332.3

9.8

Manufacture of  Leather, Fur, Feather Aad Its Products

5997.9

11.1

5203.7

11.1

288.1

-1.4

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

5138.0

17.9

4635.5

18.1

181.9

13.1

Manufacture of Furniture

4302.6

25.2

3600.7

25.2

223.3

31.0

Manufacture of  Paper and Paper Products

8280.5

22.0

7057.4

21.0

529.7

58.6

Printing, Reproduction of Recording Media

3949.0

17.0

3337.9

17.5

207.1

6.4

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

7659.0

23.6

6662.5

23.9

342.4

23.3

Petroleum, coal and other Fuel Manufacturing

30591.1

33.0

24554.0

25.0

2085.7

(note2)

Manufacture of Chemical Raw Material  and Chemical Products

45005.2

34.6

36695.1

29.9

4544.9

162.4

Manufacture of Medicines

16436.1

27.4

8637.3

16.1

3585.8

91.9

Manufacture of Chemical Fibres

5688.9

36.6

5014.7

30.2

382.4

384.7

Manufacture of Rubber and Plastics Products

15871.8

22.0

13373.1

22.6

948.0

16.3

Manufacture of Non-Metallic Mineral Products

35373.2

20.9

29369.0

21.0

2791.4

21.0

Manufacture and Processing of Ferrous Metals

55642.7

46.0

50642.3

42.5

2964.7

181.6

Manufacture and Processing of Non-Ferrous Metals

38131.1

36.7

35093.7

33.4

1641.3

200.1

Manufacture of Fabricated Metal Products

25308.1

31.7

22315.8

31.6

1086.7

43.9

Manufacture of General-Purpose Machinery

25963.2

25.2

21386.1

25.5

1767.4

25.7

Manufacture of Special-Purpose Machinery

20078.5

20.9

15974.2

21.9

1577.9

17.7

Manufacture of Motor Vehicles

49069.9

20.7

41978.2

21.7

3221.1

19.7

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

6710.1

18.3

5738.9

18.9

322.9

10.3

Manufacture of Electrical Machinery and Equipment

44566.0

32.9

38131.0

34.2

2350.1

30.2

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

74120.3

19.3

63763.0

17.5

4138.6

43.2

Manufacture of Measuring Instrument and Meter

4708.2

23.3

3541.8

23.3

472.0

20.4

Other Manufacturing

1078.8

21.7

908.8

21.9

55.6

15.1

Waste Recycling and Recovery

4666.9

70.2

4406.4

72.5

153.4

54.5

Repair of  Fabricated Metal Products, Machinery and Equipment

750.2

1.2

627.3

-1.6

36.4

17.4

Production and Supply of Electric Power and Heat Power

43310.7

16.8

39050.9

19.1

2277.2

-2.8

Production and Distribution of Gas

6296.5

27.0

5450.3

27.1

535.9

43.6

Production and Distribution of Water

2123.0

19.5

1541.0

18.7

240.6

32.5

 

 

 

 

 

 

 

Note: 1. Mining professional and auxiliary activities lost 490 million yuan in the same period of last year.

2. The oil, coal and other fuel processing industry suffered a loss of 6.85 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.

 

 

Annex
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