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

From January to September, the total profits of industrial enterprises above designated size reached 6244.18 billion yuan, a year-on-year decrease of 2.3 percent (calculated on a comparable basis, see Note 2 for details).

 

From January to September, among industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 2094.79 billion yuan, a year-on-year increase of 3.8 percent; joint stock enterprises realized a total profit of 4559.34 billion yuan, down 0.4 percent; foreign and Hong Kong, Macao and Taiwan invested enterprises realized a total profit of 1481.45 billion yuan, down 9.3 percent; private enterprises realized a total profit of 1700.5 billion yuan, down 8.1 percent.

 

From January to September, the mining industry realized a total profit of 1246.96 billion yuan, a year-on-year increase of 76.0 percent; the total profit of the manufacturing industry was 4625.96 billion yuan, down 13.2 percent; the production and supply of electricity, heat, gas and water realized a total profit of 371.25 billion yuan, up 4.9 percent.

 

From January to September, among the 41 industrial categories, the total profit of 19 industries increased year-on-year, while that of 22 industries decreased. The profits of main industries were as follows: The total profits of oil and natural gas mining industry increased by 1.12 times, the coal mining and washing industry increased by 88.8 percent, the electrical machinery and equipment manufacturing industry increased by 25.3 percent, the power and heat production and supply industry increased by 11.4 percent, the chemical raw materials and chemical products manufacturing industry increased by 1.6 percent, the special equipment manufacturing industry decreased by 1.3 percent, the automobile manufacturing industry decreased by 1.9 percent, the manufacturing of computer, communications and other electronic equipment decreased by 5.4 percent, the general equipment manufacturing industry decreased by 7.2 percent, the agricultural and sideline food processing industry decreased by 7.5 percent, the non-metallic mineral products industry decreased by 10.5 percent, the non-ferrous metal smelting and processing industry decreased by 14.4 percent, the textile industry decreased by 15.3 percent, the oil, coal and other fuel processing industry decreased by 67.7 percent, and the ferrous metal smelting and processing industry decreased by 91.4 percent.

 

From January to September, industrial enterprises above designated size achieved an operating income of 100.17 trillion yuan, an increase of 8.2 percent over the same period of last year; the operating cost incurred was 84.99 trillion yuan, up 9.5 percent; the profit margin of operating revenue was 6.23 percent, a year-on-year decrease of 0.67 percentage point.

 

At the end of September, the assets of industrial enterprises above designated size totaled 152.64 trillion yuan, a year-on-year increase of 9.5 percent; the total liabilities were 86.71 trillion yuan, up 9.9 percent; owner's equity totaled 65.93 trillion yuan, up 8.9 percent; the asset liability ratio was 56.8 percent, a year-on-year increase of 0.2 percentage point.

 

At the end of September, the accounts receivable of industrial enterprises above designated size was 21.24 trillion yuan, a year-on-year increase of 14.0 percent; the inventory of finished products was 5.96 trillion yuan, up 13.8 percent.

 

From January to September, the cost of industrial enterprises above designated size per 100 yuan of operating income was 84.85 yuan, a year-on-year increase of 1.06 yuan; the expenses per 100 yuan of operating income were 7.92 yuan, a year-on-year decrease of 0.51 yuan.

 

At the end of September, the operating income of industrial enterprises above designated size per 100 yuan of assets was 90.6 yuan, a year-on-year decrease of 1.4 yuan; the per capita operating income was 1.779 million yuan, a year-on-year increase of 152,000 yuan; the turnover days of finished goods inventory was 18.0 days, a year-on-year increase of 0.9 days; the average recovery period of accounts receivable was 54.0 days, a year-on-year increase of 2.9 days.

 

 

 

 

Key Financial Indicators of Industrial Enterprises above the Designated Size from January to September

 

Table I

 

Quality Performance Indicators of Industrial Enterprises above the Designated Size in 2022

 

Table II

 

Key Financial Indicators of Industrial Enterprises above the Designated Size

from January to September (Group by Industries)

 

Table III

 

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/.