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Source: National Bureau of Statistics of China

From January to September, the total profits of industrial enterprises above designated size nationwide reached 4,366.5 billion yuan, a year-on-year decrease of 2.4 percent (calculated according to the comparable caliber, see Note II for details), and the decrease rate was 2.0 percentage points lower than that in January to September.

 

From January to September, the total profits of state-owned holding enterprises were 1,130.31 billion yuan, a year-on-year decrease of 14.3 percent; the total profits of joint-stock enterprises were 3,068.11 billion yuan, down 3.6 percent; the total profits of foreign-funded and Hong Kong, Macao and Taiwan invested enterprises were 1,244.3 billion yuan, up 2.6 percent; and the total profits of private enterprises were 1,274.83 billion yuan, down 0.5 percent.

 

From January to September, the total profit of mining industry was 267.43 billion yuan, down 37.2 percent year-on-year; the total profit of manufacturing industry was 3,706.02 billion yuan, up 1.1 percent; the total profit of power, heat, gas and water production and supply industry was 393.05 billion yuan, up 2.6 percent.

 

From January to September, among the 41 major industrial sectors, the total profits of 21 industries increased year on year, while 20 industries decreased. The profits of major industries are as follows: the total profits of special equipment manufacturing industry increased by 22.3 percent, agricultural and sideline food processing industry increased by 16.7 percent, computer, communication and other electronic equipment manufacturing industry increased by 15.5 percent, general equipment manufacturing industry increased by 10.7 percent, manufacturing of textile rose by 4.8 percent, automobile manufacturing industry increased by 3.0 percent, electrical machinery and equipment manufacturing industry increased by 2.9 percent, nonferrous metal smelting and processing industry increased by 2.1 percent, power and heat production and supply industry increased by 2.1 percent, oil and gas exploitation industry decreased by 70.2 percent, oil, coal and other fuel processing industries decreased by 66.2 percent, coal mining and washing industry decreased by 30.1 percent, ferrous metal smelting and processing industry decreased by 18.7 percent, and chemical raw materials and chemical products manufacturing industry decreased by 17.7 percent, non-metallic mineral products industry decreased by 1.3 percent.

 

From January to September, the operating revenue of industrial enterprises above designated size reached 74.23 trillion yuan, a year-on-year decrease of 1.5 percent; the operating costs of 62.53 trillion yuan, a decrease of 1.4 percent; the profit margin of operating income was 5.88 percent, a year-on-year decrease of 0.06 percentage point.

 

At the end of September, the assets of industrial enterprises above designated size totaled 123.68 trillion yuan, up 6.7 percent year on year; liabilities totaled 70.11 trillion yuan, up 6.6 percent; owner’s equity totaled 53.57 trillion yuan, an increase of 6.8 percent; the asset liability ratio was 56.7 percent, unchanged year-on-year.

 

At the end of September, the accounts receivable of industrial enterprises above designated size reached 16.24 trillion yuan, an increase of 14.3 percent over the same period of last year, and the inventory of finished products was 4.53 trillion yuan, an increase of 8.2 percent.

 

From January to September, the cost of industrial enterprises above designated size per 100 yuan of operating income was 84.24 yuan, an increase of 0.07 yuan on a year-on-year basis; the cost of operating income per hundred yuan was 8.94 yuan, an increase of 0.15 yuan year-on-year.

 

At the end of September, the operating income of industrial enterprises above designated size per 100 yuan of assets was 82.9 yuan, a year-on-year decrease of 6.8 yuan; the per capita operating income was 1.369 million yuan, with a year-on-year increase of 28,000 yuan; the turnover days of finished goods inventory was 18.9 days, with a year-on-year increase of 1.7 days; the average recovery period of accounts receivable was 54.6 days, an increase of 7.1 days.

 

In September, the total profits of industrial enterprises above designated size reached 646.43 billion yuan, a year-on-year increase of 10.1 percent, 9.0 percentage points lower than that in August.

 

 

 

 

Key Financial Indicators of Industrial Enterprises

above the Designated Size in the First Nine Months of 2020

 

Table I

Indicators

Operating Income

Operating Costs

Total Profits

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan-Sep (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

742293.2

-1.5

625313.8

-1.4

43665.0

-2.4

Of which: Mining and Quarrying

27529.8

-10.6

20423.8

-5.9

2674.3

-37.2

Manufacturing

656661.5

-1.2

553950.5

-1.3

37060.2

1.1

Production and Distribution of Electricity, Heat, Gas and Water

58101.9

-0.6

50939.5

-0.9

3930.5

2.6

 Of which: State-holding Enterprises

198131.8

-2.7

162902.2

-1.9

11303.1

-14.3

            Joint-Stock Enterprises

551255.0

-1.5

465050.5

-1.3

30681.1

-3.6

Enterprises with Funds From Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises

170510.3

-1.4

142485.8

-1.6

12443.0

2.6

Of which: Private Enterprises

260509.7

-1.5

225395.6

-1.7

12748.3

-0.5

 

 

 

 

 

 

 

Note : 1.Due to the overlap of economic type grouping, the total is not equal to the total of sub-items.

2.Due to the rounding-off reasons, the subentries may not add up to the aggregate totals, no adjustment.

 

Quality Performance Indicators of Industrial Enterprises

above the Designated Size in the First Nine Months of 2020

 

 

Table II

Indicators

Profit Rate of Revenue

Costs for per-hundred-yuan

 

Expenses for per-hundred-yuan

Revenue from Brought by per Hundred yuan Assets

Per captal Income

Asset-Liability Ratio

Turnover Days of Finished Goods

Average Payback Period of Accounts Receivable

Jan-Sep (%)

Jan- Sep (yuan)

Jan- Sep (yuan)

By the end of September (yuan)

By the end of September (10 thousand yuan/ person)

By the end of September (%)

By the end of September (days)

By the end of September (days)

 

 

 

 

 

 

 

 

 

Total

5.88

84.24

8.94

82.9

136.9

56.7

18.9

54.6

Of which: Mining and Quarrying

9.71

74.19

12.71

37.5

84.4

59.5

14.2

44.9

Manufacturing

5.64

84.36

8.99

97.9

135.4

55.9

20.8

56.0

Production and Distribution of Electricity, Heat, Gas and Water

6.76

87.67

6.64

38.6

233.7

58.9

0.9

43.5

 Of which: State-holding Enterprises

5.70

82.22

8.04

57.1

207.0

57.4

14.4

45.0

           Joint-Stock Enterprises

5.57

84.36

9.03

79.7

136.3

57.3

19.4

52.3

Enterprises with Funds From Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises

7.30

83.56

9.00

97.5

139.7

54.1

18.5

65.0

Of which: Private Enterprises

4.89

86.52

8.54

121.9

113.3

58.2

19.4

47.6

 

 

 

 

 

 

 

 

 

                   

 

Key Financial Indicators of Industrial Enterprises above the

Designated Size in the First Nine Months of 2020 (Group by Industries)

 

Table III

Indicators

Operating Income

Operating Costs

Total Profits

Jan- Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan- Sep (100 million yuan)

Increase rate Y/Y

(%)

Jan- Sep (100 million yuan)

Increase rate Y/Y

(%)

 

 

 

 

 

 

 

Total

742293.2

-1.5

625313.8

-1.4

43665.0

-2.4

Mining and Washing of Coal

14149.2

-12.0

10076.2

-9.5

1544.0

-30.1

Extraction of Petroleum and Natural Gas

4858.5

-20.9

3563.9

-3.5

418.8

-70.2

Mining of Ferrous Metal Ores

2785.5

7.1

2212.5

7.5

258.8

44.5

Mining of Non-Ferrous Metal Ores

1909.0

-3.1

1375.3

-4.5

242.7

5.9

Mining And Processing of Nonmetal Ores

2432.2

-1.6

1859.2

-2.2

213.3

-1.8

Mining Support Service Activities

1387.8

-8.7

1331.4

-8.2

-4.4

-130.1

Mining of Other Ores N.E.C

7.6

-65.3

5.4

-72.2

1.1

57.1

Processing of Food From Agricultural Products

33719.6

2.4

30587.0

2.2

1327.2

16.7

Manufacture of Foods

14108.6

2.4

10852.6

1.4

1316.9

11.9

Manufacture of Wines, Beverage and Refined Tea

10925.6

-3.5

7242.6

-5.1

1759.1

4.4

Manufacture of Cigarettes And Tobacco

9355.8

5.1

2885.4

-3.0

1263.2

26.6

Manufacture of Textile

15728.9

-10.5

13882.6

-11.6

686.2

4.8

Manufacture of Textile Wearing Apparel And Ornament

9481.5

-13.5

8137.7

-13.1

416.9

-22.9

Manufacture of  Leather, Fur, Feather Aad Its Products

7238.7

-16.3

6276.3

-16.2

378.4

-24.0

Processing of Timbers, Manufacture of  Wood, Bamboo, Rattan, Palm, and Straw Products

5721.3

-7.2

5133.6

-7.1

211.8

-13.0

Manufacture of Furniture

4627.2

-9.2

3862.9

-9.1

235.7

-22.4

Manufacture of  Paper and Paper Products

9107.4

-5.0

7805.7

-6.3

481.1

13.3

Printing, Reproduction of Recording Media

4426.0

-6.5

3713.0

-6.4

267.2

-8.2

Manufacture of  Articles for Culture, Education, Artwork, Sport and Entertainment Activity

8610.0

-7.5

7477.6

-7.4

384.3

-16.2

Petroleum, coal and other Fuel Manufacturing

29990.5

-13.6

25241.0

-13.1

287.5

-66.2

Manufacture of Chemical Raw Material  and Chemical Products

44164.0

-6.9

37133.6

-6.7

2525.8

-17.7

Manufacture of Medicines

17470.2

1.6

9972.9

3.4

2504.9

8.2

Manufacture of Chemical Fibres

5789.7

-13.8

5344.0

-13.3

130.4

-34.9

Manufacture of Rubber and Plastics Products

17220.1

-4.0

14384.9

-5.8

1102.2

20.6

Manufacture of Non-Metallic Mineral Products

38512.8

-2.0

31833.8

-2.1

3142.5

-1.3

Manufacture and Processing of Ferrous Metals

51530.0

1.2

47788.3

1.9

1577.4

-18.7

Manufacture and Processing of Non-Ferrous Metals

39757.6

1.5

37395.9

1.5

858.0

2.1

Manufacture of Fabricated Metal Products

25033.9

-1.8

22004.1

-2.0

1026.0

-1.1

Manufacture of General-Purpose Machinery

27662.7

0.8

22678.7

0.2

1921.6

10.7

Manufacture of Special-Purpose Machinery

22185.5

5.2

17437.4

3.9

1871.0

22.3

Manufacture of Motor Vehicles

56013.1

0.5

47426.6

0.8

3607.1

3.0

Manufacture of Railway Locomotives, Building of Ships and Boats, Manufacture of Air and Spacecrafts and Other Transportation Equipments

7755.3

-1.6

6587.0

-1.5

403.0

0.8

Manufacture of Electrical Machinery and Equipment

45836.5

0.4

38678.0

0.5

2657.5

2.9

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

83774.7

7.4

73110.0

7.3

3939.9

15.5

Manufacture of Measuring Instrument and Meter

5092.3

2.1

3839.6

1.5

528.9

13.4

Other Manufacturing

1180.1

-1.9

992.9

-2.0

64.5

-7.9

Waste Recycling and Recovery

3733.5

7.0

3471.0

7.9

143.4

-6.3

Repair of  Fabricated Metal Products, Machinery and Equipment

908.2

-4.9

773.9

-2.2

40.5

-33.7

Production and Supply of Electric Power and Heat Power

49692.4

0.4

44013.4

0.2

3193.0

2.1

Production and Distribution of Gas

6107.4

-9.2

5259.0

-10.2

464.5

-0.3

Production and Distribution of Water

2302.1

4.1

1667.2

4.5

273.0

14.1

 

 

 

 

 

 

 

Note : 1. Due to the rounding-off reasons, the subentries may not add up to the aggregate totals, no adjustment.

 

Annotations:

 

I. Explanatory Notes:

 

1. Total Profits: refer to the surplus of various revenue deducting various costs in the production process of enterprises, reflecting the total profit and loss in the report period.

 

2. Operating income: refers to the total amount of revenue of enterprises recognized by the principal business and other business operations.

 

3. Operating costs: refers to the total costs of enterprises incurred by the principal business and other business operations.

 

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 due to its business activities, such as selling goods and providing services, measured at amortized cost on the balance sheet date.

 

In the Notice on Revising and Printing the Format of Financial Statements of General Enterprises in 2019 (FA [2019] No. 6), the Ministry of Finance revised the format of financial statements of general enterprises. The items of “notes receivable and accounts receivable” are no longer listed in the balance sheet of enterprises, but “notes receivable” and “accounts receivable” are listed respectively. In order to be consistent with the financial statements of the enterprise, from 2020, the monthly “notes receivable and accounts receivable” data will be stopped and the “accounts receivable” data will be released instead. Relevant indicators shall be adjusted accordingly.

 

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

 

9. Profit Rate of Revenue from Principal Activities = total profits / revenue from principal activities × 100%, unit: %.

 

10. Costs for per-hundred-yuan Turnover of Principal Activities = the costs of revenue from principal activities / the revenue from principal activities ×100, unit: yuan.

 

11. Expenses for per-hundred-yuan Turnover of Principal Activities = (selling expenses + administrative expenses + financial expenses) / the revenue from principal activities ×100, unit: yuan.

 

12. Revenue from Activities Brought by per Hundred-yuan Assets = the revenue from activities / average assets / the cumulative number of months × 12 × 100, unit: yuan.

 

13. Revenue from Activities per Capita = revenue from activities / 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 / revenue from activities × the cumulative number of months / 12, unit: days.

 

16. Days Sales Outstanding (the number of days on average a company takes to collect its accounts receivable) = 360 ×average accounts receivable / revenue from activities ×the cumulative number of months / 12, unit: days.

 

17. In the columns of increase rate year-on-year of the three tables above, the “note” refers to negative total profits in the same period last year, which means loss; 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 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 companies will be included in the survey after having reached designated size, and some will exit the survey due to their smaller size, and there are also influence of new built and starting enterprises, bankruptcies, and companies that have been suspended or sold. (2) By strengthening the statistical law enforcement, the enterprises found in the statistical law enforcement inspection that do not meet the industrial statistics requirements above designated size have been cleared, and relevant bases have been revised in accordance with regulations. (3) Strengthen data quality management and eliminate the cross-regional and cross-industry repeated calculation.

 

III. Statistical Coverage

 

Industrial enterprises above the designated size, which refer to industrial enterprises with revenue from principal activities over 20 million yuan.

 

IV. Data Collection

 

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) was implemented, please refer to http://www.stats.gov.cn/tjsj/tjbz/hyflbz.

 

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