From January to September, the total profits of industrial enterprises above the national scale reached 6.34408 trillion yuan, an increase of 44.7% over the same period last year (calculated on a comparable basis, see note 2 for details), an increase of 41.2% over January to September 2019, with an average increase of 18.8% in two years.
From January to September, among industrial enterprises above scale, the total profits of state-controlled enterprises totaled 1.98505 trillion yuan, up 77.9 percent over the same period last year. The total profits of joint-stock enterprises reached 4.5209 trillion yuan, up 50.5 percent; the total profits of foreign investors and Hong Kong, Macao and Taiwan investment enterprises totaled 1.6978 trillion yuan, up 31.7 percent; and the total profits of private enterprises reached 1.86063 trillion yuan, up 30.7 percent.
From January to September, the total profits of the mining industry totaled 700.69 billion yuan, an increase of 1.62 percent over the same period last year; the total profits of the manufacturing industry totaled 5.29864 trillion yuan, up 42.9 percent; and those of the electricity, heat, gas and water production and supply industries totaled 344.75 billion yuan, down 15.2 percent.
From January to September, of the 41 major industrial sectors, the total profits of 35 industries increased compared with the same period last year, 1 industry turned from deficit to profit, and 5 industries declined. The profits of the main industries are as follows: the total profits of the oil, coal and other fuel processing industry increased by 9.30 times compared with the same period last year, the oil and natural gas mining industry increased by 2.67 times, the coal mining and washing industry increased by 1.72 times, the non-ferrous metal smelting and Calendering processing industry increased by 1.62 times, the ferrous metal smelting and Calendering processing industry increased by 1.45 times, and the chemical raw materials and chemical products manufacturing industry increased by 1.27 times. The computer, communications and other electronic equipment manufacturing industry grew by 38.7 percent, the general equipment manufacturing industry grew by 17.9 percent, the special equipment manufacturing industry grew by 17.8 percent, the electrical machinery and equipment manufacturing industry grew by 16.0 percent, and the non-metallic mineral products industry grew by 14.7 percent. The textile industry grew by 1.4%, the automobile industry grew by 1.2%, and the agricultural and non-staple food processing industry fell by 7.1%. Electricity, heat production and supply fell by 24.6 per cent.
From January to September, the operating income of industrial enterprises above scale reached 91.16 trillion yuan, up 22.2 percent over the same period last year; the operating cost was 76.33 trillion yuan, up 21.3 percent; and the profit margin of operating income was 6.96 percent, an increase of 1.09 percentage points over the same period last year.
At the end of September, the assets of industrial enterprises above scale totaled 136.79 trillion yuan, up 9.1 percent over the same period last year; liabilities totaled 77.06 trillion yuan, up 8.2 percent; owners' equity totaled 59.73 trillion yuan, up 10.4 percent; and the asset-liability ratio was 56.3 percent, down 0.5 percent from the same period last year.
At the end of September, accounts receivable of industrial enterprises above scale totaled 18.32 trillion yuan, up 11.5 percent over the same period last year, and inventory of finished goods totaled 5.15 trillion yuan, up 13.7 percent.
From January to September, the cost of industrial enterprises above 100 yuan in operating income was 83.73 yuan, a decrease of 0.57 yuan compared with the same period last year, and the cost in every 100 yuan of operating income was 8.41 yuan, a decrease of 0.55 yuan over the same period last year.
At the end of September, the operating income of industrial enterprises above scale reached 92.2 yuan per 100 yuan of assets, an increase of 9.7 yuan over the same period last year; per capita operating income was 1.654 million yuan, an increase of 303000 yuan over the same period last year; the turnover of inventory of finished goods was 17.3 days, a decrease of 1.5 days compared with the same period last year; the average payback period of accounts receivable was 51.2 days, a decrease of 3.8 days compared with the same period last year.
In September, industrial enterprises above scale made a total profit of 738.74 billion yuan, an increase of 16.3% over the same period last year.
Note:
1. Mining professional and auxiliary activities lost 590 million yuan in the same period last year.
2. Some of the indicators in this table are not equal to the sum of sub-items, which is caused by data rounding and has not been mechanically adjusted.
Note:
I. explanation of indicators and related explanations
1. Total profits: refers to the surplus of all kinds of income after deducting various expenses in the process of production and operation, reflecting the total profits and losses realized by the enterprise during the reporting period.
2. Operating income: refers to the inflow of economic benefits formed by enterprises engaged in production and operation activities such as selling commodities, providing labor services and transferring the right to the use of assets. Including main business income and other business income.
3. Operating cost: refers to the actual cost incurred by an enterprise in production and operation activities such as selling goods, providing labor services and transferring the right to the use of assets. Including main business costs and other business costs. The operating cost shall be matched with the operating income.
4. total assets: refers to the resources formed by the past transactions or events of the enterprise, owned or controlled by the enterprise, and expected to bring economic benefits to the enterprise.
5. total liabilities: refers to the current obligations formed by the past transactions or events of the enterprise that are expected to lead to the outflow of economic benefits from the enterprise.
6. Total owner's equity: refers to the residual rights and interests enjoyed by the owner after deducting liabilities from the assets of the enterprise.
7. Accounts receivable: refers to the amount that should be collected by the enterprise for the sale of goods, provision of services and other business activities measured at the amortized cost on the balance sheet date.
8. Inventory of finished goods: refers to the manufactured products that have been processed and completed by the enterprise at the end of the reporting period and can be sold to the outside world.
9. Profit margin of operating income = total profit / operating income × 100%, unit:%.
10. Cost per 100 yuan of operating income = operating cost / operating income × 100, unit: yuan.
11. Expenses per 100 yuan of operating income = (sales expenses + administrative expenses + R & D expenses + financial expenses) / operating income × 100, unit: yuan.
12. Operating income realized per 100 yuan of assets = operating income / average assets / cumulative number of months × 12 × 100, unit: yuan.
13. Per capita operating income = operating income / average number of employees / cumulative number of months x 12, unit: 10,000 yuan per person.
14. Asset-liability ratio = total liabilities / total assets × 100%, unit:%.
15. Days of inventory turnover of finished goods = 360 × average inventory of finished goods / operating cost × cumulative months / 12, in days.
16. Average payback period of accounts receivable = 360 × average accounts receivable / operating income × cumulative months / 12, in days.
17. The two-year average growth rate refers to the growth rate calculated by the geometric average method based on the corresponding figures for the same period in 2019.
18. In the year-on-year growth column of the total profit of each table, the mark "Note" indicates that the total profit in the same period last year is negative, that is, a loss; a positive number indicates a year-on-year increase in profit; a value between 0 and-100% (excluding 0) indicates a year-on-year decline in profit; a decrease of more than 100% indicates a change from profit in the same period last year to a loss in the current period; a value of 0 indicates that profits are flat compared with the same period last year.
Second, the growth rates of the total profits and operating income of industrial enterprises above scale are calculated according to a comparable caliber. There are incomparable factors between the data of the reporting period and the data of the same index published last year, and the growth rate cannot be directly compared. The main reasons are: (1) according to the statistical system, the scope of the survey of industrial enterprises above scale is adjusted regularly every year. Every year, some enterprises meet the standard of scale and are included in the scope of the survey, while some enterprises withdraw from the scope of the survey because of their smaller scale, as well as changes in new production enterprises, bankruptcy, injection (hanging) sales enterprises and so on. (2) strengthen statistical law enforcement, clean up the enterprises found in the inspection of statistical law enforcement that do not meet the requirements of industrial statistics above scale, and revise the relevant cardinal figures in accordance with the regulations. (3) strengthen the management of data quality and eliminate repeated statistical data across regions and industries.
III. Statistical scope
Industrial enterprises above scale, that is, industrial legal entities with annual main business income of 20 million yuan or more.
IV. Investigation methods
The financial statements of industrial enterprises above scale shall be comprehensively investigated on a monthly basis (the data will be exempted from reporting in January).
V. Industry classification standards
Implement the national economic industry classification standard (GB/T4754-2017), see http://www.stats.gov.cn/tjsj/tjbz/hyflbz/ for details.
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