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

From January to May, the total profits of industrial enterprises above the designated size reached 2,720.43 billion yuan, down by 1.1 percent year on year (calculated on a 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 870.95 billion yuan, a year-on-year decrease of 7.4 percent; share-holding enterprises realized a total profit of 2,017.07 billion yuan, a decrease of 1.5 percent; enterprises funded by foreign investors and investors from Hong Kong, Macao and Taiwan realized a total profit of 685.68 billion yuan, an increase of 0.3 percent; private enterprises realized a total profit of 759.25 billion yuan, an increase of 3.4 percent.

From January to May, the mining industry realized a total profit of 358.04 billion yuan, a year-on-year decrease of 29.0 percent; the manufacturing industry realized a total profit of 2,020.14 billion yuan, an increase of 5.4 percent; the production and supply of electricity, heat power, gas and water realized a total profit of 342.25 billion yuan, an increase of 3.7 percent.

From January to May, the profits of main industries were as follows: the profit of the processing of food from agricultural and sideline products increased by 38.2 percent year on year, that of the manufacture of computers, communication equipment and other electronic equipment increased by 11.9 percent, that of the manufacture of electrical machinery and apparatus increased by 11.6 percent, that of the manufacture of general purpose machinery increased by 10.6 percent, that of the smelting and pressing of non-ferrous metals increased by 9.8 percent, that of the manufacture of special purpose machinery increased by 7.1 percent, that of the production and supply of electricity and heat power increased by 5.7 percent, that of the manufacture of non-metallic mineral products increased by 0.6 percent, that of the textile industry decreased by 1.8 percent, that of the manufacture of raw chemical materials and chemical products decreased by 4.7 percent, that of the extraction of petroleum and natural gas decreased by 10.4 percent, that of the manufacture of automobiles decreased by 11.9 percent, that of the mining and washing of coal decreased by 50.6 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 May, industrial enterprises above the designated size achieved a business revenue of 54.76 trillion yuan, a year-on-year increase of 2.7 percent; the business costs incurred was 46.88 trillion yuan, an increase of 3.0 percent; the profit rate of business revenue was 4.97 percent, a year-on-year decrease of 0.19 percentage points.

At the end of May, the assets of industrial enterprises above the designated size totaled 182.36 trillion yuan, a year-on-year increase of 5.1 percent; the total liabilities were 105.26 trillion yuan, an increase of 5.3 percent; the owner's equity totaled 77.09 trillion yuan, an increase of 4.8 percent; the asset-liability ratio was 57.7 percent, a year-on-year increase of 0.1 percentage points.

At the end of May, the accounts receivable of industrial enterprises above the designated size totaled 26.40 trillion yuan, a year-on-year increase of 9.0 percent; the inventory of finished products was 6.65 trillion yuan, an increase of 3.5 percent.

From January to May, the costs for per-hundred-yuan business revenue of industrial enterprises above the designated size were 85.61 yuan, a year-on-year increase of 0.24 yuan; the expenses for per-hundred-yuan business revenue were 8.29 yuan, a year-on-year decrease of 0.14 yuan.

At the end of May, the business revenue brought by per-hundred-yuan assets of industrial enterprises above the designated size was 72.9 yuan, a year-on-year decrease of 1.6 yuan; the per capita business revenue was 1.796 million yuan, a year-on-year increase of 56,000 yuan; the turnover days of finished goods were 20.8 days, a year-on-year increase of 0.1 days; the average collection period for accounts receivable was 70.5 days, a year-on-year increase of 4.1 days.

In May, the total profits of industrial enterprises above the designated size achieved a year-on-year decrease of 9.1 percent.

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

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

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

Annotations:

I. Explanatory Notes:

1. Total Profits: refer to the balance of various incomes minus various spending in the course of operation, reflecting the total profits and losses of enterprises in reference period.

2. Business Revenue: refers to the inflow of economic benefits through production and operation activities of enterprises, such as selling commodities, providing labor services and transferring the right to use of assets. Business revenue includes revenue from principal business and revenue from other business.

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

4. Total Assets: refer to all resources that are owned or controlled by enterprises through previous trades or transactions, with expectation of making economic profits to enterprises.

5. Total Liabilities: refer to payable liabilities of enterprises that are accumulated from earlier transactions with expectation of leaking out of economic profits.

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 amounts receivable by enterprises from business activities such as selling goods and providing services, measured at amortized cost as of the balance sheet date.

8. Finished Goods: refers to products that have completed the entire production process and have been accepted for storage by the enterprise, and can be delivered to the ordering unit according to the conditions stipulated in the contract, or can be sold as commodities to the outside world; and various goods purchased or commissioned for processing, acceptance and storage for sale.

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 (GB/T4754-2017) is performed.