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Profits of China's industrial enterprises above designated size will grow by 34.3% in 2021, with an average growth of 18.2% over the past two years

In 2021, China, the total profits of industrial enterprises above designated size reached 8.70921 trillion yuan, an increase of 34.3 percent over the previous year (calculated on a comparable basis, see Note II for details), an increase of 39.8 percent over 2019 and an average increase of 18.2 percent over the past two years.



In 2021, among industrial enterprises above designated size, the total profits of state-owned holding enterprises reached 2.27697 trillion yuan, up 56.0% over the previous year. Profits of joint-stock enterprises totaled 6.27022 trillion yuan, up 40.2%; Total profits of enterprises invested by foreign investors and Hong Kong, Macao and Taiwan enterprises reached 2.284.55 trillion yuan, up 21.1%; Profits of private enterprises totaled 2,915.04 billion yuan, up 27.6 percent.


In 2021, the mining industry made a total profit of 1.03908 billion yuan, 1.91 times more than the previous year. The total profit of the manufacturing industry reached 7.36122 trillion yuan, up 31.6%; Profits from electricity, heat, gas and water production and supply totaled 308.92 billion yuan, down 41.9 percent.


In 2021, among 41 industrial sectors, 32 saw their total profits increase, eight saw their profits decline and one saw their profits turn from surplus to deficit. Profits of main industries are as follows: The total profits of oil and natural gas exploitation increased by 5.85 times, oil, coal and other fuel processing by 2.24 times, coal mining and washing by 2.13 times, non-ferrous metal smelting and rolling processing by 1.16 times, and chemical raw materials and chemical products manufacturing by 87.8 percent. Ferrous metal smelting and rolling processing grew by 75.5%; computer, communication and other electronic equipment manufacturing by 38.9%; non-metallic mineral products by 14.3%; electrical machinery and equipment manufacturing by 12.2%; special equipment manufacturing by 10.2%; general equipment manufacturing by 8.3%; textiles by 4.1%; Automobile manufacturing grew 1.9 percent, agricultural and sideline food processing fell 9.2 percent, and electricity and heat production and supply fell 57.1 percent.


In 2021, operating revenue of industrial enterprises above designated size reached 127.92 trillion yuan, an increase of 19.4 percent over the previous year. Operating cost of 107.12 trillion yuan, up 19.1%; Profit margin on operating income was 6.81%, 0.76 percentage points higher than the previous year.

By the end of 2021, the assets of industrial enterprises above designated size totaled 141.29 trillion yuan, an increase of 9.9 percent over the previous year. Liabilities totaled 79.23 trillion yuan, up 9.6%; Owners' equity totaled 62.06 trillion yuan, up 10.2%; The asset-liability ratio was 56.1 percent, 0.1 percentage point lower than the previous year.

By the end of 2021, the receivables of industrial enterprises above designated size reached 18.87 trillion yuan, up 13.3 percent over the previous year. Finished goods inventory was 5.40 trillion yuan, up 17.1%.


In 2021, the cost per 100 yuan of operating revenue of industrial enterprises above designated size will be 83.74 yuan, 0.23 yuan less than the previous year. Expenses per 100 yuan of operating revenue were 8.59 yuan, 0.59 yuan less than the previous year.

By the end of 2021, the operating income of industrial enterprises above designated size per 100 yuan of assets was 95.4 yuan, an increase of 7.7 yuan over the previous year. Per capita operating income was 1.720 million yuan, an increase of 284,000 yuan over the previous year. The turnover days of finished goods inventory were 16.8 days, 0.9 days less than last year. The average payback period for receivables was 49.5 days, 2.0 days less than the previous year.


In December 2021, industrial enterprises above designated size earned a total profit of 734.20 billion yuan, up 4.2 percent year on year.

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