Industrial Profits Went up from January to March

From January to March, the industrial profits of enterprises above designated size achieved 1065.9 billion yuan, a year-on-year increase of 32%.

The profits of State-owned and State-holding Industrial Enterprises gained 364.8 billion yuan, up by 24.6%; that of collective-owned enterprises amounted to 16.1 billion yuan, up by 35.1%; that of share-holding corporation Ltd amounted to 599.6 billion yuan, up by 37%; that of enterprises with funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises reached 292.4 billion yuan, up by 19.9%; that of private enterprises gained 269.1billion yuan, increased 50.2% year-on-year.

Within 39 branches of industrial divisions, the profits of 37 industrial divisions increased year-on-year; that of 1 industrial division declined; 1 division witnessed reduction of profits. Of the total, the profits of oil and natural gas extraction industry, ferrous metals mining and dressing, ferrous metals mining and dressing, raw chemical materials and chemical products, ferrous metal smelting and rolling processing industry, transportation equipment manufacturing, communication equipment, computers and other electric equipment production, power and heat production and supply shot up 33.1%, 80.1%, 65.1%, 15.6%, 28.5%, 11.6%, 5.5% and 9.2%. The profits of chemical fiber industry went up 1.0 times, while that of processing of petroleum, coking, processing of nuclear fuel went down 17%.

The main business revenue of enterprises above designated reached 17452.5 billion yuan, ballooned 30.6% year-on-year.

By the end of March , the total volume of receivable accounts for industry hit 6047 billion yuan, 24.6% higher over the same period last year. The finished goods funds accounted for 2367.2billion yuan, went up 23.1% year-on-year.

Note: Introduction on sources and coverage of industrial financial data

I Scope of Statistics: enterprises above designated size refers to all industrial enterprises with revenue from principal business over 20 million yuan (the former is 5 million yuan).

II Data Collection & Dissemination: Since 2011, the Financial Report of Enterprises Above Designated Size conducts complete survey by month.( the data on January are not required to report) .The result will be released on 27th the next month.

Explanatory Notes:

Total Profits  refer to the final achievement of production and operation activities of the enterprises, represented by total profits after deducting losses (loss is expressed by the negative figure).

Revenue from Principal Business  refers to the annual accumulation of the corresponding item in the “profit table” of the accountant.

Receivable Accounts refers to the funds received by enterprises from units purchasing goods or receiving labor services through selling goods, products, proving labor services and etc.

Finished Goods refers to manufactured products which are ready for sale by the end of report period.