Industrial Production Operation in April 2022

From January to April, the added value of industries above designated size actually increased by 4.0 percent year-on-year (the growth rate of added value below was the actual growth rate after deducting price factors). In April, the added value of industries above designated size decreased by 2.9 percent year-on-year. On a month on month basis, in April, the added value of industries above designated size decreased by 7.08 percent over the previous month.

Divided into three categories, in April, the added value of the mining industry increased by 9.5 percent year-on-year; The manufacturing industry decreased by 4.6 percent; The production and supply of electricity, heat, gas and water increased by 1.5 percent.

In terms of economic types, in April, the added value of state-owned holding enterprises decreased by 2.9 percent year-on-year; joint stock enterprises increased by 0.5 percent, while foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan decreased by 16.1 percent; and private enterprises fell by 1.1 percent.

By industry, in April, the added value of 18 of the 41 major industries maintained year-on-year growth. Among them, coal mining and washing industry increased by 13.2 percent, oil and natural gas mining industry increased by 7.2 percent, agricultural and sideline food processing industry decreased by 0.1 percent, wine, beverage and refined tea manufacturing industry increased by 0.5 percent, textile industry decreased by 6.3 percent, chemical raw materials and chemical products manufacturing industry decreased by 0.6 percent, non-metallic mineral products industry decreased by 6.2 percent, ferrous metal smelting and processing industry decreased by 4.2 percent, and non-ferrous metal smelting and processing industry increased by 1.4 percent, the general equipment manufacturing industry decreased by 15.8 percent, the special equipment manufacturing industry decreased by 5.5 percent, the automobile manufacturing industry decreased by 31.8 percent, the railway, ship, aerospace and other transportation equipment manufacturing industry decreased by 6.0 percent, the electrical machinery and equipment manufacturing industry increased by 1.6 percent, the computer, communication and other electronic equipment manufacturing industry increased by 4.9 percent, and the power and heat production and supply industry increased by 0.9 percent.

By product, in April, the output of 169 of 617 products increased year-on-year. 114.83 million tons of steel, a year-on-year decrease of 5.8 percent; 194.71 million tons of cement, down 18.9 percent; 5.53 million tons of ten non-ferrous metals, an increase of 0.3 percent; 2.18 million tons of ethylene, down 1.3 percent; 1.282 million of vehicles, down 43.5 percent, including 330,000 new energy vehicles, up 42.2 percent; the power generation was 608.6 billion kwh, down 4.3 percent; and the crude oil processing capacity was 51.81 million tons, down 10.5 percent.

In April, the product sales rate of industrial enterprises was 96.3 percent, a year-on-year decrease of 1.9 percentage points; and industrial enterprises achieved an export delivery value of 1,144.1 billion yuan, a year-on-year nominal decrease of 1.9 percent.

Industrial Production Operation of April 2022

Annotations:

1. Explanation of Indicator

Growth rate of value added of the industrial enterprises: also known as industrial growth rate, which is used to reflect a certain period of increase or decrease in volume of industrial production indicators of the degree of change. The indicator can be used to estimate the short-term trend of the industrial economy, to judge the extent of the economic boom, and also to be an important reference and basis for the formulation and adjustment of economic policies, and for the implementation of macroeconomic adjustment and control.

Sales ratio: refers to sale value and industrial output value, which reflecting the situation between production and sales of industrial products.

Export delivery value: refers to the foreign trade department of industrial enterprises or self-run (commission) exports (including sold in Hong Kong, Macao and Taiwan), with the price of foreign exchange settlement of product value, and foreign samples, materials processing, component assembly and compensation trade product value.

Daily product output: the total production of the total value added of the industrial enterprises above designated size in the current month divided by number of days in the month.

2. Statistical Coverage

The standard starting point of industrial enterprises above designated size was 20 million yuan of annual revenue from primary business.

Due to the annual changes of the coverage of industrial enterprises above designated size, and in order to ensure that the data for this year is comparable with that of the previous year, the data of the corresponding period used for calculating the year-on-year growth rates of various indicators such as product output is as consistent with the enterprise statistical coverage of the current period as possible, and there is a difference in caliber from the data published last year. The main reasons are: (1) Coverage changes of statistical units. Each year, some companies will be included in the survey after having reached requisite 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) There is cross-regional repeated calculation in the output data of some enterprise group (company) products, which has been eliminated according to specific surveys.

3. Survey Methods

The reports of industrial enterprises above designated size are conducted with complete survey on a monthly basis (Not report for January).

4. Standard on industrial classification

NBS enforces New Standard on Industrial Classification for National Economic Activities" (GB/T 4754-2017). For details, please refer the following link: http://www.stats.gov.cn/tjsj/tjbz/hyflbz.

5. Revision on month-on-month data

The month-on-month growth rate of the total value added of the industrial enterprises above designated size from Aapril 2021 to March 2022 was revised according to the results of automatic revision of seasonal adjustment model. The revised results and the month-on-month date in April 2022 are as follows: