Industrial Profits Expanded in the First Half Year

In the first half year, the industrial profits of enterprises above designated size achieved 2,410.5 billion yuan, a year-on-year increase of 28.7 percent.

The profits of state-owned and state-holding industrial enterprises gained 778.4 billion yuan, expanding 20.2 percent, that of collective-owned enterprises reached 38.6 billion yuan, increased 33.8 percent, that of joint-stock enterprises stood at 1,377.2 billion yuan, rose by 34.8 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 629.1 billion yuan, jumping 14.5 percent, and that of private enterprises gained 642.5 billion yuan, increased 47.2 percent, year-on-year.

Within 39 branches of industrial divisions, the profits of 38 industrial divisions increased year-on-year; while that of 1 declined. Of which, the profits of petroleum and natural gas extraction industry increased 37.7 percent, that of ferrous metals mining and processing went up by 61.7 percent, that of raw chemical materials and chemical products rose by 57.1 percent, that of chemical fiber industry increased 49.8 percent, that of ferrous metal smelting and processing industry rose by 6.9 percent, that of non-ferrous metal smelting and processing industry jumping 48.5 percent, that of transportation equipment manufacturing expanding 13.1 percent, that of communication equipment, computers and other electric equipment production climbing 3.6 percent, that of power and heat production and supply surging 7.3 percent, while that of processing of petroleum, coking, processing of nuclear fuel dropped 66 percent.

The main business revenue of enterprises above designated reached 38,855.2 billion yuan, ballooned 29.7 percent, year-on-year.

By the end of June, the total volume of net receivable for industrial enterprises hit 6,568.3 billion yuan, went up 21.2 percent, year-on-year. The total value of finished products for industrial enterprises accounted for 2,539.1 billion yuan, went up 21.7 percent, year-on-year.

Note: Explanation on Statistical Methodology of industrial financial data

I. Statistical Coverage: 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: Since 2011, the Financial Report of Enterprises Above Designated Size conducts complete survey by month.(the data on January are not required to report).

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 total income of enterprises gained from principal business operation.

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.