The Profit of Industrial Enterprises above Designated Size from January to May in 2024

2024-06-28 09:30 Print| Large| Medium| Small

From January to May, the total profits of industrial enterprises above the designated size reached 2,754.38 billion yuan, up by 3.4 percent year on year (calculated on comparable basis, see Annotation 2 for details).

From January to May, among industrial enterprises above the designated size, state-holding enterprises realized a total profit of 943.84 billion yuan, a year-on-year decrease of 2.4 percent; share-holding enterprises realized a total profit of 2,051.05 billion yuan, an increase of 1.0 percent; enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan realized a total profit of 682.78 billion yuan, an increase of 12.6 percent; private enterprises realized a total profit of 732.93 billion yuan, an increase of 7.6 percent.

From January to May, the mining industry realized a total profit of 502.45 billion yuan, a year-on-year decrease of 16.2 percent; the manufacturing industry realized a total profit of 1,928.57 billion yuan, an increase of 6.3 percent; the production and supply of electricity, heat power, gas and water realized a total profit of 323.36 billion yuan, an increase of 29.5 percent.

From January to May, the profits of main industries were as follows: the total profit of the smelting and pressing of non-ferrous metals increased by 80.6 percent year on year, that of the manufacture of computers, communication equipment and other electronic equipment increased by 56.8 percent, that of the production and supply of electricity and heat power increased by 35.0 percent, that of the textile industry increased by 23.2 percent, that of the manufacture of automobiles increased by 17.9 percent, that of the processing of food from agricultural and sideline products increased by 17.1 percent, that of the extraction of petroleum and natural gas increased by 5.3 percent, that of the manufacture of general purpose machinery increased by 1.8 percent, that of the manufacture of raw chemical materials and chemical products decreased by 2.7 percent, that of the manufacture of electrical machinery and apparatus decreased by 6.0 percent, that of the manufacture of special purpose machinery decreased by 8.8 percent, that of the mining and washing of coal decreased by 31.8 percent, that of the manufacture of non-metallic mineral products decreased by 52.9 percent; the processing of petroleum, coal and other fuels turned from a profit into a loss, and the smelting and pressing of ferrous metals saw an increase in losses.

From January to May, industrial enterprises above the designated size achieved a business revenue of 53.03 trillion yuan, a year-on-year increase of 2.9 percent; the business costs incurred was 45.27 trillion yuan, an increase of 3.0 percent; the profit rate of business revenue was 5.19 percent, a year-on-year increase of 0.02 percentage point.

At the end of May, the assets of industrial enterprises above the designated size totaled 171.26 trillion yuan, a year-on-year increase of 6.0 percent; the liabilities totaled 98.44 trillion yuan, an increase of 5.7 percent; the owner's equity totaled 72.81 trillion yuan, an increase of 6.2 percent; the asset-liability ratio was 57.5 percent, a year-on-year decrease of 0.1 percentage point.

At the end of May, the accounts receivable of industrial enterprises above the designated size totaled 24.23 trillion yuan, a year-on-year increase of 8.0 percent; the inventory of finished products was 6.39 trillion yuan, an increase of 3.6 percent.

From January to May, the costs for per-hundred-yuan business revenue of industrial enterprises above the designated size were 85.37 yuan, a year-on-year increase of 0.06 yuan; the expenses for per-hundred-yuan business revenue were 8.38 yuan, a year-on-year increase of 0.04 yuan.

At the end of May, the business revenue brought by per-hundred-yuan assets of industrial enterprises above the designated size was 75.1 yuan, a year-on-year decrease of 2.4 yuan; the per capita business revenue was 1.760 million yuan, a year-on-year increase of 77,000 yuan; the turnover days of finished goods were 20.7 days, flat year on year; the average collection period for accounts receivable was 66.8 days, a year-on-year increase of 3.4 days.

In May, the total profits of industrial enterprises above the designated size achieved a year-on-year increase of 0.7 percent.




Key Financial Indicators of Industrial Enterprises above the Designated Size from January to May 2024

Indicators

Business Revenue

Business Costs

Total Profits

Volume

(100 million yuan)

Growth Rate Y/Y

(%)

Volume

(100 million yuan)

Growth Rate Y/Y

(%)

Volume

(100 million yuan)

Growth Rate Y/Y

(%)

Total

530339.9

2.9

452725.9

3.0

27543.8

3.4

Of which: Mining

23968.4

-5.6

15706.4

-1.9

5024.5

-16.2

Manufacturing

456485.8

3.2

392375.1

3.1

19285.7

6.3

Production and supply of electricity, heat power, gas and water

49885.7

4.8

44644.4

3.8

3233.6

29.5

Of which: State-holding enterprises

148195.4

2.0

123208.9

2.6

9438.4

-2.4

Of which: Share-holding enterprises

421901.8

3.5

361081.7

3.7

20510.5

1.0

Enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan

104734.8

1.1

88511.4

0.4

6827.8

12.6

Of which: Private enterprises

195107.0

3.2

169457.8

3.2

7329.3

7.6

Notes:

1. Due to the overlap of ownership grouping, the sum of sub-items is greater than the total.

2. The subentries may not add up to the aggregate totals due to data rounding and no mechanical adjustments have been made.

Economic Benefits Indicators of Industrial Enterprises above the Designated Size from January to May 2024

Indicators

Profit Rate

of Business Revenue

Costs

for per-hundred-yuan

Business Revenue

Expenses

for per-hundred-yuan

Business Revenue

Business Revenue Brought by per hundred-yuan Assets

Per Capita Business Revenue

Asset-

Liability Ratio

Turnover Days

of Finished Goods

Average Collection Period

for Accounts Receivable

Jan-May

Jan-May

Jan-May

By the end of May

By the end of May

By the end of May

By the end of May

By the end of May

(%)

(yuan)

(yuan)

(yuan)

(10 thousand yuan/person)

(%)

(days)

(days)

Total

5.19

85.37

8.38

75.1

176.0

57.5

20.7

66.8

Of which: Mining

20.96

65.53

9.17

41.4

144.0

56.8

13.4

50.8

Manufacturing

4.22

85.96

8.68

86.6

168.7

57.0

23.2

68.5

Production and supply of electricity, heat power, gas and water

6.48

89.49

5.18

41.0

355.2

60.0

0.9

59.1

Of which: State-holding enterprises

6.37

83.14

6.12

57.2

298.0

57.1

12.5

52.3

Of which: Share-holding enterprises

4.86

85.58

8.28

73.4

174.4

58.5

20.9

64.6

Enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan

6.52

84.51

8.78

82.1

185.9

52.9

19.8

75.9

Of which: Private enterprises

3.76

86.85

9.54

95.0

133.3

59.5

25.0

68.9

Key Financial Indicators of Industrial Enterprises above the Designated Size from January to May 2024 (Grouped by Industry)

Indicators

Business Revenue

Business Costs

Total Profits

Volume

Growth Rate Y/Y

Volume

Growth Rate Y/Y

Volume

Growth Rate Y/Y

(100 million yuan)

(%)

(100 million yuan)

(%)

(100 million yuan)

(%)

Total

530339.9

2.9

452725.9

3.0

27543.8

3.4

Mining and washing of coal

12836.3

-15.6

8547.8

-10.1

2545.0

-31.8

Extraction of petroleum and natural gas

5129.1

7.4

2587.2

7.1

1711.7

5.3

Mining and processing of ferrous metal ores

2254.6

22.5

1777.8

22.9

288.1

64.5

Mining and processing of non-ferrous metal ores

1397.8

7.7

878.7

7.0

339.2

8.3

Mining and processing of non-metal ores

1360.3

-0.6

983.4

0.9

137.2

-5.6

Professional and support activities for mining

982.9

10.8

925.5

9.6

3.1

675.0

Mining of other ores

7.5

7.1

6.0

22.4

0.3

(Note 1)

Processing of food from agricultural and sideline products

20098.2

-4.0

18675.2

-4.6

375.8

17.1

Manufacture of foods

8677.7

5.8

6765.5

4.9

726.4

12.4

Manufacture of liquor, beverages and refined tea

6639.5

5.2

4155.4

3.3

1189.7

8.9

Manufacture of tobacco

7121.5

2.4

1883.2

-0.3

1029.5

2.6

Textile industry

9217.6

4.6

8237.4

4.1

256.2

23.2

Manufacture of textile, wearing apparel and accessories

4612.2

0.6

3911.9

0.5

175.6

1.7

Manufacture of leather, fur, feather and related products

3234.0

6.4

2796.2

6.1

136.3

6.8

Processing of timber, manufacture of wood, bamboo, rattan, palm and straw products

3382.6

0.6

3070.4

-0.1

104.5

6.6

Manufacture of furniture

2529.1

5.9

2102.5

5.8

108.1

18.5

Manufacture of paper and paper products

5751.2

6.4

5067.1

4.2

186.7

147.3

Printing and reproduction of recording media

2558.4

4.2

2139.1

3.4

128.3

23.1

Manufacture of articles for culture, education, arts and crafts, sport and entertainment activities

5314.0

7.4

4628.6

7.0

228.6

31.8

Processing of petroleum, coal and other fuels

24700.5

0.5

21550.7

1.6

-113.3

-177.7

Manufacture of raw chemical materials and chemical products

36543.1

5.2

31897.7

5.3

1621.8

-2.7

Manufacture of medicines

10037.1

-1.0

5868.3

0.7

1409.9

0.3

Manufacture of chemical fibres

4718.8

16.2

4396.1

15.2

100.7

169.3

Manufacture of rubber and plastics products

11568.5

6.6

9783.5

6.2

604.4

18.6

Manufacture of non-metallic mineral products

19842.6

-10.6

17124.0

-8.9

564.3

-52.9

Smelting and pressing of ferrous metals

32891.2

-3.3

31915.2

-2.9

-127.2

(Note 1)

Smelting and pressing of non-ferrous metals

33113.6

13.0

31084.5

11.4

1096.7

80.6

Manufacture of metal products

17879.9

3.6

15841.8

3.3

579.2

11.0

Manufacture of general purpose machinery

18333.7

2.4

14938.3

2.3

1165.5

1.8

Manufacture of special purpose machinery

14096.6

1.1

11063.3

1.3

888.9

-8.8

Manufacture of automobiles

38965.7

6.8

34098.5

6.9

2046.7

17.9

Manufacture of railway, ship, aerospace and other transport equipment

5206.4

10.9

4364.5

10.1

334.6

36.3

Manufacture of electrical machinery and apparatus

39944.2

-2.0

34225.3

-2.3

2054.7

-6.0

Manufacture of computers, communication equipment and other electronic equipment

59533.9

8.5

52204.4

7.9

1945.6

56.8

Manufacture of measuring instruments and machinery

3701.3

3.2

2753.3

3.0

317.8

-1.8

Other manufacture

809.2

8.2

664.4

7.7

46.8

23.5

Utilization of waste resources

4613.2

9.6

4453.8

9.3

37.8

12.5

Repair service of metal products, machinery and equipment

850.6

16.7

714.9

16.1

65.2

43.3

Production and supply of electricity and heat power

39498.4

4.7

35335.1

3.4

2721.1

35.0

Production and supply of gas

8578.1

5.6

7972.8

6.0

342.4

1.2

Production and supply of water

1809.2

1.9

1336.5

0.7

170.2

20.0

Notes:

1. Since the total profit of the mining of other ores was 0.0 million yuan in the same period last year and the smelting and pressing of ferrous metals suffered losses in the same period last year, the year-on-year growth rates of the above sectors could not be calculated.

2. The subentries may not add up to the aggregate totals due to data rounding and no mechanical adjustments have been made.

Annotations:

I. Explanatory Notes:

1. Total Profits: refer to the surplus realized by a business after subtracting all costs incurred throughout the production process, reflecting the total profits and losses over the reporting 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.

3. Business Costs: refers to the actual costs throughout the production process 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. Business 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 for its business activities, such as selling goods and providing services, measured at amortized cost on the balance sheet date.

8. Inventory of Finished Goods: refers to manufactured products which are ready for sale by the end of the reporting period.

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

10. Costs for per-hundred-yuan Business Revenue = the business 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 / business 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 year-on-year growth rate of the three tables above, the “note” refers to that the total profit for the same period of the previous year was negative (i.e. loss) or 0.0 billion yuan; 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.

II. The growth rates of the total profits and revenue from activities of industrial enterprises above the 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 enterprises will be included in the survey after having reached the requisite size, and some will exit the survey due to their smaller scale, and there are also the effects of enterprises that are newly established, bankrupt and enterprises with their business licenses cancelled (revoked). (2) As a result of statistical law enforcement, the enterprises found in the statistical law enforcement inspection that do not meet the statistics requirements for industrial enterprises above the designated size have been eliminated, and relevant bases have been revised in accordance with regulations. (3) As a result of strengthening data quality management, the duplicated data across regions and industries have been eliminated.

III. Statistical Coverage

Industrial enterprises above the designated size 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. Industries Classification Standard

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