Industrial Profits Decreased from January to March National Bureau of Statistics of China 2012-04-28 08:53:25 From January to March, the industrial profits of enterprises above designated size achieved 1044.9 billion yuan, a year-on-year decrease of 1.3 percent. In March, the industrial profits of enterprises above designated size achieved 438.9 billion yuan, a year-on-year growth of 4.5 percent. Of which, the profits of state-owned and state-holding industrial enterprises reached 138.2 billion yuan, a year-on-year decrease of 0.7 percent.
From January to March, the profits of state-owned and state-holding industrial enterprises above designated size gained 317.2 billion yuan, decreased 12.4 percent, that of collective-owned enterprises reached 17.8 billion yuan, increased 16.8 percent, that of joint-stock enterprises stood at 595.9 billion yuan, increased 0.4 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 251.5 billion yuan, decreased 12.6 percent, and that of private enterprises gained 326.4 billion yuan, increased 22.4 percent, year-on-year.
Within 41 branches of industrial divisions, the profits of 27 industrial divisions increased year-on-year, that of 11 declined, that of 1 turned to get net profits from loss, that of 1 turned to get net loss from profits, and that of 1 gained net loss, year-on-year. Of which, the profits of petroleum and natural gas extraction industry increased 10.6 percent, that of agro-food processing industry rose by 17.7 percent, that of the manufacture of automobile industry increased 6.3 percent, that of production and supply of electric power and heat power expanded 28.3 percent, that of raw chemical materials and chemical products went down by 23.1 percent, that of ferrous metal mining and processing decreased 83.5 percent, that of manufacturing of general equipment declined 0.5 percent, that of manufacturing of electrical machinery and equipment decreased 2.4 percent, that of communication equipment, computers and other electric equipment production went down by 12.2 percent, that of processing of petroleum, coking, processing of nuclear fuel turned to get net loss from profits, year-on-year.
The revenue from principal business of enterprises above designated reached 19,782.3 billion yuan, ballooned 14.1 percent, year-on-year. The cost of main business revenue for per hundred yuan stood at 84.93 yuan, with the margin hit 5.28 percent.
The revenue from principal business of state-owned and state-holding industrial enterprises grew to 5,616.4 billion yuan, increased 7.6 percent, the costs of revenue from principal business for per hundred yuan stood at 82.18 yuan, with the margin hit 5.65 percent, that of collective-owned enterprises reached 271.1 billion yuan, increased 13.2 percent, the costs of revenue from principal business for per hundred yuan stood at 85.44 yuan, with the margin hit 6.57 percent, that of joint-stock enterprises reached 11,226.0 billion yuan, increased 16.6 percent, the costs of revenue from principal business for per hundred yuan stood at 84.69 yuan, with the margin hit 5.31 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 5,019.1 billion yuan, increased 7.2 percent, the costs of revenue from principal business for per hundred yuan stood at 86.43 yuan, with the margin hit 5.01 percent, and that of private enterprises gained 6,002.0 billion yuan, increased 23.9 percent, the costs of revenue from principal business for per hundred yuan stood at 85.71 yuan, with the margin hit 5.44 percent.
By the end of March, the total volume of receivable accounts for industrial enterprises hit 7,119.9 billion yuan, went up 17.2 percent, year-on-year. The total value of finished products for industrial enterprises accounted for 2,783.0 billion yuan, went up 16.4 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. Since 2012, NBS will perform the new standard industrial classification on national economy (GB/T 4754-2011), please refer to http://www.stats.gov.cn/tjbz
