Industrial Profits Decreased from January to August

By CnAgri2012-09-28 17:54:43 Print

From January to August, the industrial profits of enterprises above designated size achieved 3,059.7 billion yuan, a year-on-year decrease of 3.1 percent. In August, the industrial profits of enterprises above designated size achieved 381.2 billion yuan, a year-on-year decrease of 6.2 percent.

From January to August, the profits of state-owned and state-holding industrial enterprises above designated size gained 883.9 billion yuan, decreased 12.7 percent, that of collective-owned enterprises reached 48.5 billion yuan, increased 7.0 percent, that of joint-stock enterprises stood at 1,781.4 billion yuan, decreased 1.9 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 703.4 billion yuan, decreased 12.7 percent, and that of private enterprises gained 945.4 billion yuan, increased 15.1 percent, year-on-year.

Within 41 branches of industrial divisions, the profits of 24 industrial divisions increased year-on-year, that of 16 declined, and that of 1 turned to get net loss from profits, year-on-year. Of which, the profits of agro-food processing industry rose by 16.2 percent, that of the manufacture of automobile industry increased 10.8 percent, that of manufacturing of electrical machinery and equipment increased 1.4 percent, that of production and supply of electric power and heat power expanded 36.5 percent, that of petroleum and natural gas extraction industry decreased 3.5 percent, that of raw chemical materials and chemical products went down by 20.2 percent, that of ferrous metal mining and processing decreased 67.4 percent, that of manufacturing of general equipment declined 2.0 percent, that of communication equipment, computers and other electric equipment production went down by 2.9 percent, that of processing of petroleum, coking, processing of nuclear fuel turned to get net loss from profits over the same period of previous year.

The revenue from principal business of enterprises above designated reached 57,639.8 billion yuan, ballooned 10.2 percent, year-on-year. The cost of main business revenue for per hundred yuan stood at 85.47 yuan, with the margin hit 5.31 percent.

The revenue from principal business of state-owned and state-holding industrial enterprises grew to 15,541.3 billion yuan, increased 5.1 percent, year-on-year, the costs of revenue from principal business for per hundred yuan stood at 82.77 yuan, with the margin hit 5.69 percent; that of collective-owned enterprises reached 750.7 billion yuan, increased 7.7 percent, the costs of revenue from principal business for per hundred yuan stood at 85.51 yuan, with the margin hit 6.47 percent; that of joint-stock enterprises reached 33,112.3 billion yuan, increased 11.9 percent, the costs of revenue from principal business for per hundred yuan stood at 85.27 yuan, with the margin hit 5.38 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 14,161.9 billion yuan, increased 5.0 percent, the costs of revenue from principal business for per hundred yuan stood at 86.59 yuan, with the margin hit 4.97 percent; and that of private enterprises gained 17,436.9 billion yuan, increased 17.1 percent, the costs of revenue from principal business for per hundred yuan stood at 86.54 yuan, with the margin hit 5.42 percent.

By the end of August, the total volume of receivable accounts for industrial enterprises hit 7,978.7 billion yuan, went up 15.6 percent, year-on-year. The total value of finished products for industrial enterprises accounted for 2,973.9 billion yuan, went up 11.3 percent, year-on-year.

Annotations:

1. Explanatory Notes:

Total Profits: refer to the final achievement of production and operation activities of the enterprises, represented by total profits after deducting losses (loss is expressed by the negative figure).

Revenue from Principal Business: refers to total income of enterprises gained from principal business operation.

Receivable Accounts: refers to the funds received by enterprises from units purchasing goods or receiving labor services through selling goods, products, proving labor services and etc.

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

The costs of revenue from principal business for per hundred yuan = The cost of revenue from principal business/The revenue from principal business×100

The margin of revenue from principal business = Total profit/The revenue from principal business×100%

2. Statistical Coverage

Since 2011, enterprises above designated size refers to all industrial enterprises with revenue from principal business over 20 million yuan (the former is 5 million yuan).

3. Data Collection

Since 2011, the Financial Report of Enterprises Above Designated Size conducts complete survey by month (the data on January are not required to report).

4. Standard Industrial Classification

Since 2012, the new Industrial Classification for National Economic Activities (GB/T 4754-2011) was implemented by NBS, the industrial divisions were expanded to 41 from 39, please refer to http://www.stats.gov.cn/tjbz.