Industrial Profits Went up from January to April

From January to April, the industrial profits of enterprises above designated size achieved 1,486.9 billion yuan, a year-on-year increase of 29.7%.

The profits of State-owned and State-holding Industrial Enterprises gained 502.9 billion yuan, up by 21.5%; that of collective-owned enterprises amounted to 22.3 billion yuan, up by 32.9%; that of share-holding corporation Ltd amounted to 835.9 billion yuan, up by 34.7%; that of enterprises with funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises reached 406.7 billion yuan, up by 18.1%; that of private enterprises gained 376.6 billion yuan, increased 47.4% year-on-year.

Within 39 branches of industrial divisions, the profits of 35 industrial divisions increased year-on-year; that of 3 industrial divisions declined; 1 division from loss to profit. Of the total, the profits of oil and natural gas extraction industry, ferrous metals mining and dressing, raw chemical materials and chemical products, chemical fiber industry, non-ferrous metal smelting and rolling processing industry, transportation equipment manufacturing, communication equipment, computers and other electric equipment production respectively shot up 35.4%, 71.6%, 59.5%, 77.5%, 31.1%, 16.3% and 2.3%; whereas that of ferrous metal smelting and rolling processing industry, power and heat production and supply, and processing of petroleum, coking, processing of nuclear fuel went up 0.1%, 0.3% and 35.7%.

The main business revenue of enterprises above designated reached 24,114.7 billion yuan, ballooned 29.5% year-on-year.

By the end of April, the total volume of receivable accounts for industry hit 6,261.4 billion yuan, 24% higher over the same period last year. The finished goods funds accounted for 2,436.3 billion yuan, went up 23.2% 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.

III. 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.