The Profit of Industrial Enterprises above Designated Size from January to March in 2023

From January to March, the total profits of industrial enterprises above designated size reached 1516.74 billion yuan, a year-on-year decrease of 21.4 percent (calculated on a comparable basis, see Note 2 for details).

 

From January to March, among industrial enterprises above designated size, state-holding enterprises realized a total profit of 589.24 billion yuan, a year-on-year decrease of 16.9 percent; the share-holding enterprises realized a total profit of 1129.03 billion yuan, down 20.6 percent; the enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan realized a total profit of 331.81 billion yuan, down 24.9 percent; the private enterprises realized a total profit of 389.41 billion yuan, down 23.0 percent.

 

From January to March, the mining industry realized a total profit of 360.45 billion yuan, a year-on-year decrease of 5.8 percent; the total profit of the manufacturing industry was 1020.76 billion yuan, down 29.4 percent; the production and supply of electricity, heat power, gas and water realized a total profit of 135.54 billion yuan, up 33.2 percent.

 

From January to March, among the 41 industrial categories, 10 industries saw year-on-year increase in total profits, 1 industry was flat, 28 industries saw a decline, and 1 industries changed from profit to loss. The profits of main industries were as follows: the total profit of production and supply of electricity and heat power increased by 47.9 percent year-on-year, the manufacture of electrical machinery and apparatus increased by 27.1 percent, the manufacture of general purpose machinery increased by 7.4 percent, the extraction of petroleum and natural gas decreased by 4.8 percent, the mining and washing of coal decreased by 4.9 percent, the manufacture of special purpose machinery decreased by 10.1 percent, the processing of food from agricultural and sideline products decreased by 18.4 percent, the manufacture of automobiles decreased by 24.2 percent, the manufacture of non-metallic mineral products decreased by 30.6 percent, the textile industry decreased by 34.0 percent, the manufacture of raw chemical materials and chemical products decreased by 54.9 percent, the manufacture of computers, communication equipment and other electronic equipment decreased by 57.5 percent, the smelting and pressing of non-ferrous metals decreased by 57.5 percent, processing of petroleum, coal and other fuel decreased by 97.1 percent, and smelting and pressing of ferrous metals changed from profit to loss.

 

From January to March, industrial enterprises above designated size achieved an operating income of 31.18 trillion yuan, a decrease of 0.5 percent over the same period of last year; the operating cost incurred was 26.52 trillion yuan, up 0.6 percent; the profit margin of operating revenue was 4.86 percent, a year-on-year decrease of 1.30 percentage point.

 

At the end of March, the assets of industrial enterprises above designated size totaled 158.23 trillion yuan, a year-on-year increase of 7.7 percent; the total liabilities were 90.37 trillion yuan, up 8.3 percent; owner's equity totaled 67.86 trillion yuan, up 6.8 percent; the asset liability ratio was 57.1 percent, a year-on-year increase of 0.3 percentage point.

 

At the end of March, the accounts receivable of industrial enterprises above designated size was 21.59 trillion yuan, a year-on-year increase of 11.0 percent; the inventory of finished products was 6.14 trillion yuan, up 9.1 percent.

 

From January to March, the cost of industrial enterprises above designated size per 100 yuan of operating income was 85.04 yuan, a year-on-year increase of 0.91 yuan; the expenses per 100 yuan of operating income were 8.49 yuan, a year-on-year increase of 0.36 yuan.

 

At the end of March, the operating income of industrial enterprises above designated size per 100 yuan of assets was 79.3 yuan, a year-on-year decrease of 6.7 yuan; the per capita operating income was 1.695 million yuan, a year-on-year increase of 38,000 yuan; the turnover days of finished goods inventory was 20.6 days, a year-on-year increase of 1.8 days; the average recovery period of accounts receivable was 61.8 days, a year-on-year increase of 6.4 days.

 

 

 

 

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

 

 

Quality Performance Indicators of Industrial Enterprises above the Designated Size in 2023

 

 

Key Financial Indicators of Industrial Enterprises above the Designated Size from January to March (Group by Industries)

 

 

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 inflow of economic benefits from the production and operation of enterprises, such as selling goods, providing labor services and transferring the right to use assets, including the total amount of revenue of enterprises recognized by the principal business and other business operations.

 

3. Operating costs: refers to the actual costs from the production and operation of enterprises such as selling goods, providing labor services and transferring the right to use assets, including the total amount of costs of enterprises incurred by the principal business and other business operations. Operating costs should be matched with operating revenue.

 

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-holding enterprises include state-owned absolute holding enterprises and state-owned relative holding (including agreement holding) enterprises. Enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan 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 share-holding 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/sj/tjbz/gmjjhyfl/.