Chinese industrial profits rose 17.9% year-over-year in November to 542.1B yuan; 36 of 39 industrial divisions saw increases

BEIJING , December 28, 2011 () – From January to November, the industrial profits of enterprises above designated size achieved 4,663.8 billion yuan, a year-on-year increase of 24.4 percent. In November, the industrial profits of enterprises above designated size stood at 542.1 billion yuan, a year-on-year increase of 17.9 percent, of which, the profits of state-owned and state-holding industrial enterprises amounted to 102.4 billion yuan, a year-on-year decrease of 14.2 percent.

From January to November, the profits of state-owned and state-holding industrial enterprises above designated size gained 1,354.3 billion yuan, expanding 13.5 percent, that of collective-owned enterprises reached 75.9 billion yuan, increased 32.5 percent, that of joint-stock enterprises stood at 2,690.5 billion yuan, rose by 29.9 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 1,206.2 billion yuan, jumping 10.0 percent, and that of private enterprises gained 1,383.0 billion yuan, increased 46.2 percent, year-on-year.

Within 39 branches of industrial divisions, the profits of 36 industrial divisions increased year-on-year; while that of 3 declined. Of which, the profits of petroleum and natural gas extraction industry increased 35.4 percent, that of ferrous metal mining and processing went up by 59.1 percent, that of raw chemical materials and chemical products rose by 35.0 percent, that of chemical fiber industry increased 2.5 percent, that of ferrous metal smelting and processing industry rose by 15.4 percent, that of non-ferrous metal smelting and processing industry jumping 53.1 percent, that of transportation equipment manufacturing expanding 14.2 percent, while that of processing of petroleum, coking, processing of nuclear fuel dropped 97.8 percent, that of communication equipment, computers and other electric equipment production went down 1.5 percent, and that of production and supply of electric power and heat power declined 8.3 percent.

The main business revenue of enterprises above designated reached 75,933.8 billion yuan, ballooned 28.2 percent, year-on-year., the cost of main business revenue for per hundred yuan stood at 84.98 yuan, with the margin hit 6.14 percent.

The costs of revenue from principal business of state-owned and state-holding industrial enterprises grew to 20,632.8 billion yuan, increased 21.4 percent, the costs of revenue from principal business for per hundred yuan stood at 82.44 yuan, with the margin hit 6.56 percent, that of collective-owned enterprises reached 1,141.8 billion yuan, increased 26.5 percent, the costs of revenue from principal business for per hundred yuan stood at 85.54 yuan, with the margin hit 6.65 percent, that of joint-stock enterprises reached 43,032.1 billion yuan, increased 32.0 percent, the costs of revenue from principal business for per hundred yuan stood at 84.65 yuan, with the margin hit 6.25 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 19,778.6 billion yuan, increased 20.0 percent, the costs of revenue from principal business for per hundred yuan stood at 85.96 yuan, with the margin hit 6.10 percent, and that of private enterprises gained 23,191.3 billion yuan, increased 38.1 percent, the costs of revenue from principal business for per hundred yuan stood at 86.00 yuan, with the margin hit 5.96 percent.

By the end of November, the total volume of net receivable for industrial enterprises hit 7,291.8 billion yuan, went up 19.7 percent, year-on-year. The total value of finished products for industrial enterprises accounted for 2,801.2 billion yuan, went up 22.8 percent, year-on-year.


I. 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: 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).


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