The Profit of Industrial Enterprises above Designated Size from January to May in 2022

From January to May, industrial enterprises above designated size nationwide realized a total profit of 3,441 billion yuan, a year-on-year increase of 1.0 percent (calculated on a comparable basis, see note II for details).

 

From January to May, among industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 1,158.37 billion yuan, an increase of 9.8 percent year-on-year; joint stock enterprises realized a total profit of 2,580.25 billion yuan, an increase of 7.8 percent; the total profits of foreign-invested enterprises and enterprises with investment from Hong Kong, Macao and Taiwan reached 784.53 billion yuan, down 16.1 percent; and private enterprises realized a total profit of 1,007.09 billion yuan, down 2.2 percent.

 

From January to May, the mining industry realized a total profit of 708.27 billion yuan, a year-on-year increase of 1.31 times; the manufacturing industry realized a total profit of 2,557.95 billion yuan, down 10.8 percent; and the electricity, heat, gas and water production and supply industries realized a total profit of 174.79 billion yuan, down 24.7 percent.

 

From January to May, among the 41 major industrial sectors, the total profits of 16 industries increased year-on-year, 24 industries decreased, and one industry turned from loss to profit. The profits of major industries were as follows: the total profits of coal mining and washing industry increased by 1.75 times year-on-year, the oil and natural gas mining industry increased by 1.35 times, the non-ferrous metal smelting and processing industry increased by 26.6 percent, the electrical machinery and equipment manufacturing industry increased by 14.6 percent, the chemical raw materials and chemical products manufacturing industry increased by 13.8 percent, the computer, communication and other electronic equipment manufacturing industry increased by 0.2 percent, the textile industry decreased by 2.5 percent, and the non-metallic mineral products industry decreased by 3.3 percent, the manufacturing of special equipment dropped by 4.6 percent, the processing of agricultural and sideline food decreased by 8.3 percent, the manufacturing of general equipment down by 21.3 percent, the production and supply of electricity and heat dropped by 26.9 percent, the processing of oil, coal and other fuels declined by 29.6 percent, the automobile manufacturing down by 37.5 percent, and the ferrous metal smelting and processing decreased by 64.2 percent.

 

From January to May, industrial enterprises above designated size achieved an operating income of 53.16 trillion yuan, a year-on-year increase of 9.1 percent; the operating costs incurred were 44.88 trillion yuan, an increase of 10.2 percent; and the profit margin of operating income was 6.47 percent, a year-on-year decrease of 0.52 percentage point.

 

By the end of May, the assets of industrial enterprises above designated size totaled 147.62 trillion yuan, a year-on-year increase of 10.4 percent; liabilities totaled 83.57 trillion yuan, an increase of 10.5 percent; the owner's equity totaled 64.05 trillion yuan, an increase of 10.2 percent; and the asset liability ratio was 56.6 percent, unchanged year on year.

 

By the end of May, the accounts receivable of industrial enterprises above designated size were 19.75 trillion yuan, an increase of 11.8 percent year-on-year; the inventory of finished products was 5.96 trillion yuan, an increase of 19.7 percent.

 

From January to May, the cost per 100 yuan of operating income of industrial enterprises above designated size was 84.42 yuan, a year-on-year increase of 0.83 yuan; the expense per 100 yuan of operating income was 7.88 yuan, a year-on-year decrease of 0.52 yuan.

 

By the end of May, the operating income of industrial enterprises above designated size per 100 yuan of assets was 88.0 yuan, a year-on-year decrease of 1.1 yuan; the per capita operating income was 1.704 million yuan, a year-on-year increase of 143,000 yuan; the inventory turnover days of finished products were 19.0 days, an increase of 1.3 days year-on-year; and the average payback period of accounts receivable was 54.4 days, a year-on-year increase of 2.0 days.

 

 

 

 

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.

 

 

Key Financial Indicators of Industrial Enterprises above the Designated Size in January to May 2022 (Group by Industries)
Table III
Indicators	Operating Income		Operating Costs		Total Profits
	Jan-May (100 million yuan)	Increase rate Y/Y (%)	Jan-May (100 million yuan)	Increase rate Y/Y (%)	Jan-May (100 million yuan)	Increase rate Y/Y (%)
Total	531570.1	9.1	448771.8	10.2	34410.0	1.0
Mining and Washing of Coal	16570.6	60.8	9828.0	42.1	4489.4	174.7
Extraction of Petroleum and Natural Gas	5074.2	48.2	2353.1	11.2	1794.5	135.0
Mining of Ferrous Metal Ores	2087.6	-12.2	1621.2	-7.5	336.8	-0.7
Mining of Non-Ferrous Metal Ores	1353.6	22.6	898.9	19.0	297.7	54.2
Mining And Processing of Nonmetal Ores	1633.1	6.4	1209.8	5.1	160.4	14.9
Mining Support Service Activities	755.6	8.5	725.2	8.7	3.4	（注1）
Mining of Other Ores N.E.C	8.1	58.8	7.5	74.4	0.3	50.0
Processing of Food From Agricultural Products	21715.4	3.7	19951.6	4.5	671.8	-8.3
Manufacture of Foods	8826.6	7.2	6994.4	8.2	709.3	10.1
Manufacture of Wines, Beverage and Refined Tea	6957.8	8.3	4631.4	5.6	1073.3	21.0
Manufacture of Cigarettes And Tobacco	6533.1	8.3	1827.9	6.1	946.6	7.2
Manufacture of Textile	10211.3	6.0	9133.8	6.6	351.2	-2.5
Manufacture of Textile Wearing Apparel And Ornament	5611.1	6.1	4810.4	6.9	232.9	-4.6
Manufacture of  Leather, Fur, Feather Aad Its Products	4484.2	8.9	3897.3	9.3	209.3	3.2
Processing of Timbers, Manufacture of  Wood, Bamboo, Rattan, Palm, and Straw Products	3896.0	4.3	3530.7	4.6	128.3	-5.9
Manufacture of Furniture	2948.9	-2.5	2479.0	-2.3	132.6	-2.1
Manufacture of  Paper and Paper Products	6050.8	2.4	5329.2	6.5	212.4	-48.7
Printing, Reproduction of Recording Media	2847.6	0.8	2415.4	1.3	136.1	-9.6
Manufacture of  Articles for Culture, Education, Artwork, Sport and Entertainment Activity	5567.3	2.5	4830.0	2.1	244.8	4.4
Petroleum, coal and other Fuel Manufacturing	26303.1	23.8	22064.5	28.7	1034.3	-29.6
Manufacture of Chemical Raw Material  and Chemical Products	37583.5	20.2	31172.5	22.7	3631.4	13.8
Manufacture of Medicines	11476.6	2.3	6695.8	12.3	1827.2	-20.6
Manufacture of Chemical Fibres	4377.3	11.7	4049.2	17.6	128.7	-54.2
Manufacture of Rubber and Plastics Products	11608.4	1.2	9945.0	3.2	539.4	-24.7
Manufacture of Non-Metallic Mineral Products	25824.1	4.6	21651.8	5.8	1856.5	-3.3
Manufacture and Processing of Ferrous Metals	37553.6	-2.9	35393.8	1.1	802.0	-64.2
Manufacture and Processing of Non-Ferrous Metals	30958.5	19.5	28554.9	20.0	1431.1	26.6
Manufacture of Fabricated Metal Products	18455.7	5.7	16358.8	6.6	685.5	-9.8
Manufacture of General-Purpose Machinery	17598.8	-3.5	14630.8	-2.5	981.3	-21.3
Manufacture of Special-Purpose Machinery	13952.9	-0.7	11078.9	-0.6	1050.6	-4.6
Manufacture of Motor Vehicles	32541.5	-9.0	28194.2	-7.6	1533.8	-37.5
Manufacture of Railway Locomotives, Building of Ships and Boats, Manufacture of Air and Spacecrafts and Other Transportation Equipments	4603.8	-0.6	3959.1	0.0	192.8	-3.2
Manufacture of Electrical Machinery and Equipment	36766.8	20.2	31854.4	21.8	1811.2	14.6
Manufacture of Computer, Communication Equipment and Other Electronic Equipment	56619.3	7.4	49498.3	8.3	2578.0	0.2
Manufacture of Measuring Instrument and Meter	3294.8	2.6	2521.9	4.5	278.6	-9.6
Other Manufacturing	820.9	10.9	695.2	11.2	43.3	21.6
Waste Recycling and Recovery	4208.4	30.1	4013.0	31.9	114.6	1.1
Repair of  Fabricated Metal Products, Machinery and Equipment	564.9	6.2	495.3	10.3	10.3	-50.0
Production and Supply of Electric Power and Heat Power	35397.3	17.1	32519.9	20.7	1302.6	-26.9
Production and Distribution of Gas	6323.9	27.7	5745.8	32.9	323.9	-17.0
Production and Distribution of Water	1602.9	7.4	1203.7	10.6	121.3	-18.6

Note: 1. Mining professional and auxiliary activities lost 0.25 billion yuan in the same period of last year.

2. 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. Average Payback Period of 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.