The Profit of Industrial Enterprises above Designated Size from January to April 2025

From January to April, the total profits of industrial enterprises above the designated size reached 2,117.02 billion yuan, up by 1.4 percent year on year (calculated on a comparable basis, see Annotation 2 for details).

From January to April, among industrial enterprises above the designated size, state-holding enterprises realized a total profit of 702.28 billion yuan, a year-on-year decrease of 4.4 percent; share-holding enterprises realized a total profit of 1,559.64 billion yuan, an increase of 1.1 percent; enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan realized a total profit of 542.92 billion yuan, an increase of 2.5 percent; and private enterprises realized a total profit of 570.68 billion yuan, an increase of 4.3 percent.

From January to April, the mining industry realized a total profit of 287.50 billion yuan, a year-on-year decrease of 26.8 percent; the manufacturing industry realized a total profit of 1,554.93 billion yuan, an increase of 8.6 percent; and the production and supply of electricity, heat power, gas and water realized a total profit of 274.58 billion yuan, an increase of 4.4 percent.

From January to April, the profits of main industries were as follows: the profit of the processing of food from agricultural and sideline products increased by 45.6 percent year on year, that of the smelting and pressing of non-ferrous metals increased by 24.5 percent, that of the manufacture of electrical machinery and apparatus increased by 15.4 percent, that of the manufacture of special purpose machinery increased by 13.2 percent, that of the manufacture of general purpose machinery increased by 11.7 percent, that of the manufacture of computers, communication equipment and other electronic equipment increased by 11.6 percent, that of the production and supply of electricity and heat power increased by 5.6 percent, that of the textile industry increased by 3.7 percent, that of the manufacture of non-metallic mineral products decreased by 1.6 percent, that of the manufacture of raw chemical materials and chemical products decreased by 4.4 percent, that of the manufacture of automobiles decreased by 5.1 percent, that of the extraction of petroleum and natural gas decreased by 6.9 percent, that of the mining and washing of coal decreased by 48.9 percent; the processing of petroleum, coal and other fuels increased losses year on year, and the smelting and pressing of ferrous metals turned into profits from losses year on year.

From January to April, industrial enterprises above the designated size achieved a business revenue of 43.44 trillion yuan, a year-on-year increase of 3.2 percent; the business costs incurred was 37.16 trillion yuan, an increase of 3.4 percent; the profit rate of business revenue was 4.87 percent, a year-on-year decrease of 0.09 percentage points.

At the end of April, the assets of industrial enterprises above the designated size totaled 181.35 trillion yuan, a year-on-year increase of 5.3 percent; the liabilities totaled 104.62 trillion yuan, an increase of 5.7 percent; the owner's equity totaled 76.72 trillion yuan, an increase of 4.7 percent; the asset-liability ratio was 57.7 percent, a year-on-year increase of 0.2 percentage points.

At the end of April, the accounts receivable of industrial enterprises above the designated size totaled 25.86 trillion yuan, a year-on-year increase of 9.7 percent; the inventory of finished products was 6.61 trillion yuan, an increase of 3.9 percent.

From January to April, the costs for per-hundred-yuan business revenue of industrial enterprises above the designated size were 85.54 yuan, a year-on-year increase of 0.19 yuan; the expenses for per-hundred-yuan business revenue were 8.28 yuan, a year-on-year decrease of 0.20 yuan.

At the end of April, the business revenue brought by per-hundred-yuan assets of industrial enterprises above the designated size was 72.5 yuan, a year-on-year decrease of 1.3 yuan; the per capita business revenue was 1.782 million yuan, a year-on-year increase of 59,000 yuan; the turnover days of finished goods were 21.0 days, a year-on-year increase of 0.2 days; the average collection period for accounts receivable was 70.3 days, a year-on-year increase of 4.0 days.

In April, the total profits of industrial enterprises above the designated size achieved a year-on-year increase of 3.0 percent.

Key Financial Indicators of Industrial Enterprises above the Designated Size from January to April 2025

Economic Benefits Indicators of Industrial Enterprises above the Designated Size from January to April 2025

Key Financial Indicators of Industrial Enterprises above the Designated Size from January to April 2025 (Grouped by Industry)

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 through the production and operation activites of enterprises, such as selling commodities, providing labor services and transferring the right to use assets, including the revenue from principal business and revenue from other business.

3. Business costs: refer to the actual costs incurred by enterprises in such production and operation activities as selling commodities, providing labor services and transferring the right to use of assets, including the cost of principal business and cost of other business. Business costs should be matched with business revenue.

4. Total assets: refer 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: refer 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 products, with all production processes having been finished by enterprises, that are accepted and stored after inspection, can be delivered to ordering units according to conditions in the contract or can be taken as goods for external sales; and various goods purchased or accepted and stored after inspection with the completion of consigned processing for sales.

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 the 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. Industrial Classification Standard

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