Industrial Profits Increased from January to February

By CnAgri Print

From January to February, the industrial profits of enterprises above designated size achieved 709.2 billion yuan, an increase of 17.2 percent over the same period last year.

From January to February, the profits of state-owned and state-holding industrial enterprises above designated size gained 212.5 billion yuan, an increase of 18.9 percent over the same period last year; that of collective-owned enterprises reached 10.6 billion yuan, increased 6.8 percent; that of joint-stock enterprises stood at 410.2 billion yuan, increased 16.1 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 159.2 billion yuan, increased 12.8 percent; and that of private enterprises gained 230.6 billion yuan, increased 16.9 percent.

Within 41 branches of industrial divisions, the profits of 30 industrial divisions increased over the same period last year, that of 8 declined, 2 industries turned to get net profits from loss, and the loss of 1 industry declined over the same period last year. Of which, the profits of agro-food processing industry rose by 11.5 percent, that of raw chemical materials and chemical products went up by 11.2 percent, that of ferrous metal mining and processing increased 17 times, that of manufacturing of general equipment increased 4.3 percent, that of the manufacture of automobile industry increased 19.8 percent, that of manufacturing of electrical machinery and equipment increased 4.8 percent, that of communication equipment, computers and other electric equipment production went up by 89.0 percent, that of production and supply of electric power and heat power increased 1.5 times, that of petroleum and natural gas extraction industry decreased 4.5 percent, that of processing of petroleum, coking, processing of nuclear fuel turned to get net profits from loss, over the same period last year.

The revenue from principal business of enterprises above designated reached 13,696.2 billion yuan, increased 13.1 percent over the same period last year. The cost of main business revenue for per hundred yuan stood at 84.46 yuan, with the margin hit 5.18 percent.

The revenue from principal business of state-owned and state-holding industrial enterprises grew to 3,746.0 billion yuan, increased 6.3 percent over the same period last year, the costs of revenue from principal business for per hundred yuan stood at 81.0 yuan, with the margin hit 5.67 percent, that of collective-owned enterprises reached 166.6 billion yuan, increased 9.4 percent, the costs of revenue from principal business for per hundred yuan stood at 84.08 yuan, with the margin hit 6.38 percent, that of joint-stock enterprises reached 7,918.7 billion yuan, increased 14.7 percent, the costs of revenue from principal business for per hundred yuan stood at 84.19 yuan, with the margin hit 5.18 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 3,348.4 billion yuan, increased 9.7 percent, the costs of revenue from principal business for per hundred yuan stood at 86.1 yuan, with the margin hit 4.76 percent, and that of private enterprises gained 4,272.0 billion yuan, increased 19.3 percent, the costs of revenue from principal business for per hundred yuan stood at 85.59 yuan, with the margin hit 5.4 percent.

By the end of February, the total volume of receivable accounts for industrial enterprises hit 7,977.9 billion yuan, went up by 16.0 percent over the same period last year. The total value of finished products for industrial enterprises accounted for 2,934.9 billion yuan, went up by 7.5 percent over the same period last 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.