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

From January to July, the total profits of industrial enterprises above the designated size reached 3,943.98 billion yuan, down 15.5 percent year-on-year, a decline of 1.3 percentage points narrower than that in January to June, (calculated on a comparable basis, see Annotation 2 for details).

 

From January to July, among industrial enterprises above the designated size, state-holding enterprises realized a total profit of 1,380.59 billion yuan, a year-on-year decrease of 20.3 percent; share-holding enterprises realized a total profit of 2,883.56 billion yuan, down 16.6 percent; enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan realized a total profit of 935.57 billion yuan, down 12.4 percent; private enterprises realized a total profit of 1,022.66 billion yuan, down 10.7 percent.

 

From January to July, the mining industry realized a total profit of 782.74 billion yuan, a year-on-year decrease of 21.0 percent; the total profit of the manufacturing industry was 2,769.42 billion yuan, down 18.4 percent; the production and supply of electricity, thermal power, gas and water realized a total profit of 391.82 billion yuan, up 38.0 percent.

 

From January to July, among the 41 industrial categories, the total profit of 13 industries increased year-on-year, while that of 28 industries decreased. The profits of main industries were as follows: the total profit of production and supply of electricity and thermal power increased by 51.2 percent year-on-year, the manufacture of electrical machinery and apparatus increased by 33.7 percent, the manufacture of general purpose machinery increased by 14.5 percent, the manufacture of special purpose machinery increased by 2.1 percent, the manufacture of automobiles increased by 1.0 percent, the extraction of petroleum and natural gas decreased by 11.4 percent, the textile industry decreased by 20.3 percent, the mining and washing of coal decreased by 26.2 percent, the manufacture of computers, communication equipment and other electronic equipment decreased by 26.4 percent, the manufacture of non-metallic mineral products decreased by 28.8 percent, the processing of food from agricultural and sideline products decreased by 32.6 percent, the smelting and pressing of non-ferrous metals decreased by 36.7 percent, the manufacture of raw chemical materials and chemical products decreased by 54.3 percent, processing of petroleum, coal and other fuels decreased by 87.0 percent, and smelting and pressing of ferrous metals decreased by 90.5 percent.

 

From January to July, industrial enterprises above the designated size achieved a business revenue of 73.22 trillion yuan, a decrease of 0.5 percent over the same period of last year; the operating cost incurred was 62.40 trillion yuan, up 0.2 percent; the profit rate of business revenue was 5.39 percent, a year-on-year decrease of 0.95 percentage point.

 

At the end of July, the assets of industrial enterprises above the designated size totaled 161.40 trillion yuan, a year-on-year increase of 6.5 percent; the total liabilities were 92.92 trillion yuan, up 6.8 percent; the owner's equity totaled 68.48 trillion yuan, up 6.2 percent; the asset liability ratio was 57.6 percent, a year-on-year increase of 0.2 percentage point.

 

At the end of July, the accounts receivable of industrial enterprises above the designated size was 23.11 trillion yuan, a year-on-year increase of 9.7 percent; the inventory of finished products was 6.10 trillion yuan, up 1.6 percent.

 

From January to July, the costs of industrial enterprises above the designated size per-hundred-yuan business revenue were 85.22 yuan, a year-on-year increase of 0.62 yuan; the expenses per-hundred-yuan business revenue were 8.37 yuan, a year-on-year increase of 0.30 yuan.

 

At the end of July, the business revenue of industrial enterprises above the designated size per-hundred-yuan assets was 79.0 yuan, a year-on-year decrease of 6.2 yuan; the per capita business revenue was 1.739 million yuan, a year-on-year increase of 49,000 yuan; the turnover days of finished goods inventory was 20.3 days, a year-on-year increase of 1.1 days; the average collection period for accounts receivable was 63.6 days, a year-on-year increase of 6.3 days.

 

In July, industrial enterprises above the designated size achieved total profits of 556.10 billion yuan, a year-on-year decrease of 6.7 percent.

 

 

 

 

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

 

 

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 July (Grouped by Industry)

 

 

Annotations:

 

I. Explanatory Notes:

 

1. Total Profits: refers 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. Business Revenue: 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. And it refers to 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 business 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. Inventory of Finished Products: refers to manufactured products which are ready for sale by the end of report period.

 

9. Profit Rate of Business Revenue = total profits / business revenue × 100%, unit: %.

 

10. Costs for per-hundred-yuan Business Revenue = the operating costs / the business revenue ×100, unit: yuan.

 

11. Expenses for per-hundred-yuan Business Revenue = (selling expenses + administrative expenses + development expenses + financial expenses) / the business revenue ×100, unit: yuan.

 

12. Business Revenue Brought by per Hundred-yuan Assets = the business revenue / average assets / the cumulative number of months × 12 × 100, unit: yuan.

 

13. Per Capita Business Revenue = business revenue / 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 / operating costs × the cumulative number of months / 12, unit: days.

 

16. Average Collection Period for Accounts Receivable = 360 × average accounts receivable / business revenue × 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 business revenue 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 annual business revenue over 20 million yuan.

 

IV. Survey Method

 

The financial report of enterprises above the designated size are thoroughly surveyed by month (the data on January are not required to report).

 

V. Industries Classification Standard

 

The Industrial Classification for National Economic Activities (GB/T4754-2017) was performed.