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

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.

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 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.