The Profit of Industrial Enterprises above Designated Size in 2022

In 2022, industrial enterprises above designated size achieved a total profit of 8,403.85 billion yuan, a decrease of 4.0 percent over the previous year (calculated according to comparable standards, see note II for details).

 

In 2022, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 2,379.23 billion yuan, an increase of 3.0 percent over the previous year; joint stock enterprises realized a total profit of 6,161.09 billion yuan, a decrease of 2.7 percent; the total profits of foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 2,003.96 billion yuan, a decrease of 9.5 percent; the total profits of private enterprises reached 2,663.84 billion yuan, a decrease of 7.2 percent.

 

In 2022, the mining industry realized a total profit of 1,557.36 billion yuan, an increase of 48.6 percent over the previous year; the total profit of the manufacturing industry was 6,415.02 billion yuan, a decrease of 13.4 percent; the total profit of power, heat, gas and water production and supply industry was 431.47 billion yuan, up 41.8 percent.

 

In 2022, among the 41 major industrial industries, 21 industries' total profits increased over the previous year, 19 industries decreased, and 1 industry changed from loss to profit. The profits of the main industries are as follows: the total profits of the oil and gas exploitation industry increased by 1.10 times over the previous year, power and heat production and supply industry increased by 86.3 percent, the coal exploitation and washing industry increased by 44.3 percent, electrical machinery and equipment manufacturing industry increased by 31.2 percent, special equipment manufacturing industry increased by 3.4 percent, automobile manufacturing industry increased by 0.6 percent, general equipment manufacturing industry increased by 0.4 percent, agricultural and sideline food processing industry increased by 0.2 percent, the chemical raw materials and chemical products manufacturing industry decreased by 8.7 percent, computer, communication and other electronic equipment manufacturing industry decreased by 13.1 percent, non-metallic mineral products industry decreased by 15.5 percent, the non-ferrous metal smelting and processing industry decreased by 16.1 percent, textile industry decreased by 17.8 percent, the petroleum, coal and other fuel processing industry decreased by 82.8 times, and the ferrous metal smelting and processing industry decreased by 91.3 percent.

 

In 2022, industrial enterprises above designated size achieved an operating revenue of 137.91 trillion yuan, an increase of 5.9 percent over the previous year; the operating cost was 116.84 trillion yuan, an increase of 7.1 percent; the profit margin of operating income was 6.09 percent, a decrease of 0.64 percentage point over the previous year.

 

At the end of 2022, the assets of industrial enterprises above designated size totaled 156.12 trillion yuan, an increase of 8.2 percent over the previous year; liabilities totaled 88.30 trillion yuan, an increase of 8.6 percent; the total owner's equity was 67.82 trillion yuan, an increase of 7.6 percent; the asset liability ratio was 56.6 percent, up 0.3 percentage point from the previous year.

 

At the end of 2022, the accounts receivable of industrial enterprises above designated size were 21.65 trillion yuan, an increase of 12.3 percent over the previous year; the inventory of finished products was 6.04 trillion yuan, an increase of 9.9 percent.

 

In 2022, the cost per 100 yuan of operating income of industrial enterprises above designated size was 84.72 yuan, an increase of 0.91 yuan over the previous year; the expense per 100 yuan of operating income was 8.20 yuan, a decrease of 0.42 yuan over the previous year.

 

At the end of 2022, the operating income of industrial enterprises above designated size per 100 yuan of assets was 92.4 yuan, a decrease of 2.9 yuan over the previous year; the per capita operating income was 1.827 million yuan, an increase of 134,000 yuan over the previous year; the inventory turnover days of finished products were 17.6 days, an increase of 0.9 day over the previous year; the average recovery period of accounts receivable was 52.8 days, an increase of 3.5 days over the previous year.

 

 

 

 

Key Financial Indicators of Industrial Enterprises above the Designated Size in 2022

 

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 in 2022 (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 + R&D 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 grouping, state-holding enterprises include state-owned absolute holding enterprises and state-owned relative holding enterprises (including agreement holding enterprises). Enterprises with funds from Hong Kong, Macao and Taiwan, and foreign funded enterprises include Chinese-foreign (or with Hong Kong, Macao and Taiwan invested) joint ventures, cooperative ventures and limited stock companies with foreign (or Hong Kong, Macao and Taiwan) shareholders accounting for more than 25% of the registered capital of the company. Private enterprises include private limited liability company, private company limited by shares, private partnership enterprises and private-funded enterprises.

 

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.