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

From January to June, industrial enterprises above designated size nationwide achieved a total profit of 4,270.22 billion yuan, an increase of 1.0 percent year-on-year (calculated on a comparable basis, see note II for details).

From January to June, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 1,489.45 billion yuan, an increase of 10.2 percent year-on-year; joint stock enterprises achieved a total profit of 3,197.79 billion yuan, an increase of 6.7 percent; the total profit of foreign-invested enterprises and enterprises with investment from Hong Kong, Macao and Taiwan was 981.41 billion yuan, a decrease of 13.9 percent; and private enterprises achieved a total profit of 1,188.57 billion yuan, down 3.3 percent.

From January to June, the mining industry achieved a total profit of 852.82 billion yuan, a year-on-year increase of 1.20 times; the total profit of manufacturing industry was 3,189.31 billion yuan, down 10.4 percent; and the total profit of power, heat, gas and water production and supply industry was 228.09 billion yuan, down 18.1 percent.

From January to June, among the 41 major industrial sectors, the total profits of 16 industries increased year-on-year and 25 industries decreased. The profits of major industries were as follows: the total profits of coal mining and washing industry increased by 1.57 times year-on-year, the oil and natural gas mining industry increased by 1.26 times, the electrical machinery and equipment manufacturing industry increased by 17.3 percent, the non-ferrous metal smelting and processing industry increased by 16.6 percent, the chemical raw materials and chemical products manufacturing industry increased by 16.4 percent, the special equipment manufacturing industry decreased by 3.2 percent, the textile industry decreased by 5.3 percent, the non-metallic mineral products industry decreased by 5.8 percent, the manufacturing of computers, communication and other electronic equipment fell by 6.6 percent, the processing of agricultural and sideline food fell by 6.8 percent, the manufacturing of general equipment fell by 15.9 percent, the production and supply of electricity and heat fell by 19.3 percent, the automobile manufacturing fell by 25.5 percent, the processing of oil, coal and other fuels fell by 32.4 percent, and the smelting and processing of ferrous metals fell by 68.7 percent.

From January to June, industrial enterprises above designated size achieved an operating income of 65.41 trillion yuan, an increase of 9.1 percent year-on-year; the operating costs incurred were 55.29 trillion yuan, an increase of 10.2 percent; and the profit margin of operating revenue was 6.53 percent, a year-on-year decrease of 0.52 percentage point.

At the end of June, the assets of industrial enterprises above designated size totaled 148.66 trillion yuan, an increase of 10.2 percent year-on-year; liabilities totaled 84.58 trillion yuan, an increase of 10.5 percent; the owner's equity totaled 64.08 trillion yuan, an increase of 9.9 percent; and the asset liability ratio was 56.9 percent, an increase of 0.1 percentage point year-on-year.

At the end of June, the accounts receivable of industrial enterprises above designated size were 20.19 trillion yuan, an increase of 13.6 percent year-on-year; and the inventory of finished products was 5.93 trillion yuan, an increase of 18.9 percent.

From January to June, the cost per hundred yuan of operating income of industrial enterprises above designated size was 84.52 yuan, an increase of 0.84 yuan year-on-year; and the expense per 100 yuan of operating income was 7.95 yuan, a year-on-year decrease of 0.52 yuan.

At the end of June, the operating income of industrial enterprises above designated size per 100 yuan of assets was 89.9 yuan, a year-on-year decrease of 1.0 yuan; the per capita operating income was 1.746 million yuan, an increase of 152,000 yuan year-on-year; the inventory turnover days of finished products were 18.4 days, an increase of 1.2 days year-on-year; and the average payback period of accounts receivable was 53.7 days, an increase of 2.4 days year-on-year.

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: 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:

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.