The National Bureau of Statistics released the latest data!

The National Bureau of Statistics releases the latest data!

2024-08-27

According to the National Bureau of Statistics website on August 27, the profits of industrial enterprises above designated size nationwide increased by 3.6% from January to July 2024.

From January to July, the total profits of industrial enterprises above designated size nationwide reached 4,099.17 billion yuan, a year-on-year increase of 3.6% (calculated on a comparable basis, see Note 2 for details).

From January to July, among industrial enterprises above designated size, state-controlled enterprises realized a total profit of 1,391.73 billion yuan, a year-on-year increase of 1.0%; joint-stock enterprises realized a total profit of 3,051.46 billion yuan, an increase of 1.9%; foreign-invested enterprises and Hong Kong, Macao and Taiwan-invested enterprises realized a total profit of 1,018.49 billion yuan, an increase of 9.9%; private enterprises realized a total profit of 1,103.10 billion yuan, an increase of 7.3%.

January to July,The mining industry achieved a total profit of 717.92 billion yuan, a year-on-year decrease of 9.5%; The total profit of the manufacturing industry was 2904.54 billion yuan, an increase of 5.0%;The electricity, heat, gas and water production and supply industries achieved a total profit of 476.71 billion yuan, an increase of 20.1%。

From January to July, the profit situation of major industries is as follows: the profit of non-ferrous metal smelting and rolling processing industry increased by 79.3% year-on-year, the computer, communication and other electronic equipment manufacturing industry increased by 25.1%, the agricultural and sideline food processing industry increased by 23.9%,Electricity, heat production and supply industry grew by 23.2%, the textile industry grew by 18.4%, the automobile manufacturing industry grew by 6.7%,Oil and gas extraction grew 5.3%, chemical raw materials and chemical products manufacturing industry increased by 4.8%, general equipment manufacturing industry increased by 4.3%, special equipment manufacturing industry decreased by 2.9%, electrical machinery and equipment manufacturing industry decreased by 8.1%,Coal mining and washing industry fell by 21.7%, non-metallic mineral products industry decreased by 48.8%,The petroleum, coal and other fuel processing industries, and the ferrous metal smelting and rolling processing industries turned from profit to loss year-on-year。

From January to July, industrial enterprises above designated size realized operating revenue of 75.93 trillion yuan, a year-on-year increase of 2.9%; operating costs amounted to 64.79 trillion yuan, an increase of 3.0%; the operating profit margin was 5.40%, an increase of 0.04 percentage points year-on-year.

At the end of July, the total assets of industrial enterprises above designated size were 172.76 trillion yuan, a year-on-year increase of 5.3%; total liabilities were 99.51 trillion yuan, an increase of 5.1%; total owners' equity was 73.25 trillion yuan, an increase of 5.7%; the asset-liability ratio was 57.6%, a year-on-year decrease of 0.1 percentage point.

At the end of July, accounts receivable of industrial enterprises above designated size were 25.10 trillion yuan, up 8.1% year-on-year; finished goods inventory was 6.47 trillion yuan, up 5.2%.

From January to July, the cost of industrial enterprises above designated size was 85.33 yuan per 100 yuan of operating income, an increase of 0.09 yuan year-on-year; the expenses per 100 yuan of operating income were 8.41 yuan, the same as the previous year.

At the end of July, the operating income of industrial enterprises above designated size was 76.4 yuan per 100 yuan of assets, a decrease of 2.3 yuan year-on-year; the per capita operating income was 1.794 million yuan, an increase of 78,000 yuan year-on-year; the inventory turnover days of finished products was 20.4 days, an increase of 0.2 days year-on-year; the average collection period of accounts receivable was 66.5 days, an increase of 3.4 days year-on-year.

In July, profits of industrial enterprises above designated size increased by 4.1% year-on-year.

Notes

1. Index explanation and related instructions

1. Total Profit: refers to the surplus of an enterprise after deducting various expenses from various revenues in the production and operation process, reflecting the total profit or loss realized by the enterprise in the reporting period.

2. Operating income: refers to the inflow of economic benefits generated by an enterprise's production and operation activities such as selling goods, providing services and transferring the right to use assets. It includes main business income and other business income.

3. Operating costs: refers to the actual costs incurred by an enterprise in its production and operation activities such as selling goods, providing services and transferring the right to use assets. It includes the cost of main business and other business costs. Operating costs should be matched with operating income.

4. Total assets: refers to the resources formed by the enterprise's past transactions or events, owned or controlled by the enterprise, and expected to bring economic benefits to the enterprise.

5. Total Liabilities: refers to the current obligations of an enterprise arising from past transactions or events that are expected to result in the outflow of economic benefits from the enterprise.

6. Total Owners’ Equity: refers to the residual equity enjoyed by the owner after deducting liabilities from the assets of the enterprise.

7. Accounts receivable: refers to the amount receivable by an enterprise from its operating activities such as sales of goods and provision of services, measured at amortized cost on the balance sheet date.

8. Finished Goods Inventory: refers to finished products that have been processed and produced and completed the entire production process and are ready for sale at the end of the reporting period.

9. Operating income profit margin = 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 + research and development expenses + financial expenses) ÷ operating income × 100, unit: yuan.

12. Operating income 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 × 12, unit: ten thousand yuan / person.

14. Asset-liability ratio = total liabilities / total assets × 100%, unit: %.

15. Finished goods inventory turnover days = 360 × average finished goods inventory / operating cost × cumulative number of months / 12, unit: day.

16. Average collection period of accounts receivable = 360 × average accounts receivable / operating income × cumulative number of months / 12, unit: days.

17. In the column of year-on-year growth of total profit in each table, "Note" indicates that the total profit in the previous year was negative (i.e. loss) or was RMB 0 million; a positive value indicates a year-on-year increase in profit; a value between 0 and -100% (excluding 0) indicates a year-on-year decrease in profit; a decrease of more than 100% indicates a turnaround from profit in the previous year to loss in this period; a value of 0 indicates that the profit is the same as that of the previous year.

2. The growth rates of indicators such as total profits and operating income of industrial enterprises above designated size are calculated on a comparable basis. There are incomparable factors between the data of the reporting period and the data of the same indicators published in the previous year, and the growth rates cannot be directly compared. The main reasons are: (i) According to the statistical system, the survey scope of industrial enterprises above designated size is adjusted regularly every year. Every year, some enterprises meet the scale standards and are included in the survey scope, while some enterprises withdraw from the survey scope due to their smaller scale. There are also changes such as newly built and put into production enterprises, bankruptcies, and deregistration (revocation) of enterprises. (ii) Strengthen statistical law enforcement, clean up enterprises that do not meet the statistical requirements of industrial enterprises above designated size found in statistical law enforcement inspections, and correct the relevant bases in accordance with regulations. (iii) Strengthen data quality management and eliminate repeated statistical data across regions and industries.

3. Statistical Scope

Industrial enterprises above designated size are industrial legal entities with annual principal business income of RMB 20 million or more.

IV. Survey Methods

The financial statements of industrial enterprises above designated size are comprehensively surveyed on a monthly basis (data for January are exempted from reporting).

V. Industry Classification Standards

Implement the National Economic Industry Classification Standard (GB/T4754-2017).

Source: National Bureau of Statistics website

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