The Profit of Industrial Enterprises above Designated Size in January to March 2022
National Bureau of Statistics of China2022-04-28 17:31




From January to March, industrial enterprises above designated size achieved a total profit of 1,955.57 billion yuan, a year-on-year increase of 8.5 percent (calculated according to comparable standards, see note II for details).

From January to March, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 706.85 billion yuan, a year-on-year increase of 19.5 percent; joint stock enterprises realized a total profit of 1,439.63 billion yuan, an increase of 14.4 percent; the total profits of foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 470.75 billion yuan, down 7.6 percent; and the total profit of private enterprises was 533.15 billion yuan, an increase of 3.2 percent.

From January to March, the mining industry realized a total profit of 383.5 billion yuan, a year-on-year increase of 1.48 times; the total profit of manufacturing industry was 1,473.81 billion yuan, down 2.1 percent; the production and supply of electricity, heat, gas and water realized a total profit of 98.25 billion yuan, a decrease of 30.3 percent.

From January to March, among the 41 major industrial industries, the total profits of 24 industries increased year-on-year, 15 industries decreased, one industry reduced losses and one industry was flat. The profits of main industries were as follows: the total profits of coal mining and washing industry increased by 1.89 times year-on-year, the oil and natural gas mining industry increased by 1.51 times, the non-ferrous metal smelting and processing industry increased by 52.9 percent, the chemical raw materials and chemical products manufacturing industry increased by 18.4 percent, the textile industry increased by 14.0 percent, the non-metallic mineral products industry increased by 11.0 percent, the electrical machinery and equipment manufacturing industry increased by 10.4 percent, the special equipment manufacturing industry increased by 4.8 percent, the computer, communications and other electronic equipment manufacturing increased by 2.8 percent, automobile manufacturing decreased by 11.9 percent, general equipment manufacturing decreased by 17.0 percent, agricultural and sideline food processing industry decreased by 22.9 percent, petroleum, coal and other fuel processing industry decreased by 29.8 percent, power and heat production and supply industry decreased by 35.2 percent, and ferrous metal smelting and processing industry decreased by 49.7 percent.

From January to March, industrial enterprises above designated size achieved an operating revenue of 31.27 trillion yuan, a year-on-year increase of 12.7 percent; the operating cost was 26.29 trillion yuan, an increase of 13.5 percent; and the profit margin of operating revenue was 6.25 percent, a year-on-year decrease of 0.24 percentage point.

At the end of March, the assets of industrial enterprises above designated size totaled 144.61 trillion yuan, a year-on-year increase of 10.6 percent; liabilities totaled 81.68 trillion yuan, an increase of 10.5 percent; the total owner's equity was 62.93 trillion yuan, an increase of 10.8 percent; and the asset liability ratio was 56.5 percent, unchanged year-on-year.

At the end of March, the accounts receivable of industrial enterprises above designated size were 19.16 trillion yuan, a year-on-year increase of 14.4 percent; and the inventory of finished products was 5.61 trillion yuan, an increase of 18.1 percent.

From January to March, the cost per 100 yuan of operating income of industrial enterprises above designated size was 84.07 yuan, an increase of 0.56 yuan year-on-year; the expense per 100 yuan of operating income was 8.09 yuan, a year-on-year decrease of 0.54 yuan.

At the end of March, the operating income of industrial enterprises above designated size per 100 yuan of assets was 87.2 yuan, an increase of 1.7 yuan year-on-year; the per capita operating income was 1.683 million yuan, an increase of 181,000 yuan year-on-year; the inventory turnover days of finished products were 18.8 days, with a year-on-year increase of 0.6 days; the average payback period of accounts receivable was 54.7 days, an increase of 0.9 days year-on-year.

Key Financial Indicators of Industrial Enterprises

above the Designated Size in January to March 2022

 

Table I

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Mar (100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar

(100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar

(100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

312712.0

12.7

262902.9

13.5

19555.7

8.5

Of which: Mining and Quarrying

15632.1

42.2

9578.4

24.9

3835.0

147.8

   Manufacturing

270768.5

11.0

229231.5

12.3

14738.1

-2.1

   Production and Distribution of Electricity, Heat, Gas and Water

26311.4

17.2

24093.0

21.5

982.5

-30.3

 Of which: State-holding Enterprises

85551.9

14.1

68545.3

14.5

7068.5

19.5

                  Joint-Stock Enterprises

234222.5

14.9

196671.2

15.4

14396.3

14.4

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

68757.4

5.4

58177.7

7.0

4707.5

-7.6

Of which: Private Enterprises

119805.1

12.3

103976.2

13.1

5331.5

3.2

 

 

 

 

 

 

 

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 March 2022

 

 

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-Mar (%)

Jan- Mar (yuan)

Jan-Mar (yuan)

By the end of March (yuan)

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

By the end of March (%)

By the end of March (days)

By the end of March (days)

 

 

 

 

 

 

 

 

 

Total

6.25

84.07

8.09

87.2

168.3

56.5

18.8

54.7

Of which: Mining and Quarrying

24.53

61.27

9.00

52.1

150.7

58.5

11.4

40.3

   Manufacturing

5.44

84.66

8.27

101.0

162.3

55.3

21.0

55.9

   Production and Distribution of Electricity, Heat, Gas and Water

3.73

91.57

5.60

43.5

306.7

60.8

0.8

51.1

 Of which: State-holding Enterprises

8.26

80.12

6.23

64.5

279.4

57.0

12.3

42.4

                   Joint-Stock Enterprises

6.15

83.97

8.20

84.8

166.8

57.4

19.2

52.3

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

6.85

84.61

8.14

96.2

171.2

53.1

18.9

66.0

Of which: Private Enterprises

4.45

86.79

8.49

116.9

133.0

58.8

20.9

52.9

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

Designated Size in January to March 2022 (Group by Industries)

 

Table III

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Mar

(100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar

(100 million yuan)

Increase rate Y/Y

(%)

Jan-Mar

(100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

312712.0

12.7

262902.9

13.5

19555.7

8.5

Mining and Washing of Coal

9446.1

60.8

5691.5

41.8

2357.0

189.0

Extraction of Petroleum and Natural Gas

2912.3

46.6

1378.4

10.3

1033.1

151.1

Mining of Ferrous Metal Ores

1171.8

-10.3

917.7

-6.5

199.9

17.4

Mining of Non-Ferrous Metal Ores

771.5

24.4

513.5

19.9

165.5

74.8

Mining And Processing of Nonmetal Ores

937.3

11.0

698.9

8.8

81.8

29.4

Mining Support Service Activities

388.6

7.3

374.2

5.9

-2.5

(Note1

Mining of Other Ores N.E.C

4.5

55.2

4.1

51.9

0.2

(Note2

Processing of Food From Agricultural Products

12604.7

3.7

11560.6

4.9

348.1

-22.9

Manufacture of Foods

5288.8

8.7

4172.0

9.6

441.4

13.3

Manufacture of Wines, Beverage and Refined Tea

4438.8

13.3

2858.9

10.3

736.4

25.6

Manufacture of Cigarettes And Tobacco

4726.0

10.1

1254.3

8.2

706.4

9.4

Manufacture of Textile

5824.2

9.4

5190.1

9.6

194.9

14.0

Manufacture of Textile Wearing Apparel And Ornament

3276.2

9.3

2792.1

9.9

133.8

10.9

Manufacture of  Leather, Fur, Feather Aad Its Products

2620.5

10.8

2268.5

10.9

124.3

3.9

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

2294.9

7.4

2079.2

7.5

72.7

3.7

Manufacture of Furniture

1735.4

3.2

1456.2

3.1

67.2

0.4

Manufacture of  Paper and Paper Products

3571.0

4.5

3147.0

8.9

125.6

-49.3

Printing, Reproduction of Recording Media

1663.0

3.8

1411.6

4.3

70.2

-7.3

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

3391.1

11.1

2951.1

11.1

135.0

7.1

Petroleum, coal and other Fuel Manufacturing

15194.9

24.5

12559.7

28.7

620.0

-29.8

Manufacture of Chemical Raw Material  and Chemical Products

21769.7

24.1

18028.1

26.2

1995.3

18.4

Manufacture of Medicines

6936.6

5.5

3997.4

12.1

1065.6

-8.9

Manufacture of Chemical Fibres

2509.1

14.9

2310.6

20.3

62.6

-54.9

Manufacture of Rubber and Plastics Products

6757.1

3.8

5789.2

6.2

285.9

-29.6

Manufacture of Non-Metallic Mineral Products

14540.1

9.4

12220.9

10.1

956.1

11.0

Manufacture and Processing of Ferrous Metals

20884.3

2.1

19620.3

4.1

422.4

-49.7

Manufacture and Processing of Non-Ferrous Metals

17779.3

24.4

16355.7

24.0

847.1

52.9

Manufacture of Fabricated Metal Products

10570.8

10.7

9347.8

11.3

370.5

0.0

Manufacture of General-Purpose Machinery

10407.1

2.7

8650.4

3.9

529.6

-17.0

Manufacture of Special-Purpose Machinery

8303.4

4.7

6569.6

4.6

615.4

4.8

Manufacture of Motor Vehicles

21270.6

0.9

18289.8

1.8

1149.8

-11.9

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

2660.7

2.2

2287.9

3.1

88.8

-15.3

Manufacture of Electrical Machinery and Equipment

20922.9

23.9

18154.2

25.6

915.9

10.4

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

33791.3

9.5

29545.7

10.2

1433.0

2.8

Manufacture of Measuring Instrument and Meter

1927.2

7.4

1475.8

9.4

134.7

-7.4

Other Manufacturing

467.3

13.2

396.0

13.8

21.4

14.4

Waste Recycling and Recovery

2312.9

40.6

2205.4

42.7

59.9

16.3

Repair of  Fabricated Metal Products, Machinery and Equipment

328.8

10.9

285.2

11.5

8.0

31.1

Production and Supply of Electric Power and Heat Power

21323.1

16.0

19694.9

20.3

717.3

-35.2

Production and Distribution of Gas

4053.2

26.2

3687.0

30.8

208.2

-14.6

Production and Distribution of Water

935.1

8.6

711.2

10.9

57.0

-5.0

 

 

 

 

 

 

 

Note: 1. Mining professional and auxiliary activities lost 0.72 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 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. 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.

 

18. In the main groups, state-owned holding enterprises include state-owned absolute holding enterprises and state-owned relative holding (including agreement holding) enterprises. Enterprises invested by foreign investors and Hong Kong, Macao and Taiwan businessmen include Sino foreign (or Hong Kong, Macao and Taiwan funded) joint ventures, cooperative enterprises and joint stock limited companies whose shareholders of foreign capital (or Hong Kong, Macao and Taiwan funded) account for more than 25% of the company's registered capital. Private enterprises include private limited liability companies, private joint stock limited companies, private partnerships and private sole proprietorships.

 

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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