Industry
refers to the material production sector which is engaged
in extraction of natural resources and processing and reprocessing of minerals
and agricultural products, including: (1) extraction of natural resources, such
as mining, salt production (but not including hunting and fishing); (2)
processing and reprocessing of farm and sideline produces, such as rice
husking, flour milling, wine making, oil pressing, silk reeling, spinning and
weaving, and leather making; (3) manufacture of industrial products, such as
steel making, iron smelting, chemicals manufacturing, petroleum processing,
machine building, timber processing; water and gas production and electricity
generation and supply; (4) repairing of industrial products such as the
repairing of machinery and means of transport (including cars).
Prior to 1984, the rural industry run by villages and
cooperative organizations under village was classified into agriculture. Since
1984, it has been grouped into industry. Units of industrial statistics survey
corporate industrial enterprises with independent accounting system.
Corporate industrial enterprises with independent
accounting system refer to enterprises engaging in industrial production
activities, which meet the following requirements: they are established
legally, having their own names, organizations, location, able to take civil
liability; they possess and use their assets independently, assume liabilities,
and are entitled to sign contracts with other units; they are financially
independent and compile their own balance sheets.
Light Industry
refers to the
industry that produces consumer goods and hand tools. It consists of two
categories, depending on the materials used: (1) Industries using farm products
as raw materials. These are branches of light industry which directly or
indirectly use farm products as basic raw materials, including the manufacture
of food and beverages, tobacco processing, textile, clothing, fur and leather
manufacturing, paper making, printing, etc. (2) Industries using non farm
products as raw materials. These are branches of light industry which use
manufactured goods as raw materials, including the manufacture of cultural,
educational articles and sports goods, chemicals, synthetic fiber, chemical
products for daily use, glass products for daily use, metal products for daily
use, hand tools, medical apparatus and instruments, and the manufacture of
cultural and clerical machinery.
Heavy Industry
refers to the
industry which produces capital goods, and provides various sectors of the
national economy with necessary material and technical basis. It consists of
the following three branches according to the purpose of production or the use
of products: (1) Mining, quarrying and logging industry refers to the industry
that extracts natural resources, including extraction of petroleum, coal, metal
and non-metal ores. (2) Raw materials industry refers to the industry that
provides various sectors of the national economy with raw materials, fuels and
power. It includes smelting and processing of metals, coking and coke
chemistry, chemical materials and building materials such as cement, plywood,
and power, petroleum refining and coal dressing. (3) Manufacturing industry
refers to the industry that processes raw materials. It includes machine
building industry which equips sectors of the national economy, industries of
metal structure and cement products, industries producing means of agricultural
production, such as chemical fertilizers and pesticides. According to the above
principle of classification, the repairing trades which are engaged primarily
in repairing products of heavy industry are classified into heavy industry
while these engaged in repairing products of light industry are classified into
light industry.
Industrial
Enterprises above Designated Size
refer to
industrial enterprises as legal person with annual business revenue of over 5
million yuan.
Large, Medium,
Small-sized Enterprises
Industrial enterprises are classified into large, medium,
small-sized enterprises according to employment personnel, sales revenue and
total assets in accordance with the regulation of Classification (temporary) of
Large, Medium, Small-sized Enterprises on Statistics, are not classified
according to production capacity and original value of fixed assets. The
standard of classification as following:
|
Indicator |
Unit |
Large-sized |
Medium-sized |
Small-sized |
|
Employment personnel |
person |
2000 and over |
300-2000 |
below 300 |
|
Sales Revenue |
10 000 yuan |
30000 and over |
3000-30000 |
below 3000 |
|
Total assets |
10 000 yuan |
40000 and over |
4000-40000 |
below 4000 |
Gross Output Value
of Industry
1. Definition: Gross industrial output value is the total
volume of final industrial products produced and industrial services provided
during a given period. It reflects the total achievements and overall scale of
industrial production during a given period.
2. Principles for calculation: Statistics on industrial
production follow the principle that all products produced by the enterprises
and accepted during the reference period are to be included no matter whether
they are sold or not during the reference period.
Determination of final products follow the principle that
all products that are included in the calculation of grow industrial output
value are the final products of the enterprise which have been accepted through
quality check and require no further processing. If an enterprise has
intermediate (semi-finished) products to sell, these intermediate products are
considered as the final products of the enterprise.
Gross industrial output value is calculated following the
principle of factory approach, i.e. industrial enterprise is used as the basic
accounting unit in calculating the gross industrial output value. By this
approach, value of the same product is not to be double counted, and the output
value of different workshops (branch factories) should not be added. However,
this approach does not exclude the possibility of double counting between
enterprises.
Total Assets
refer to all
economic resources, in monetary term, these are owned or controlled by
enterprises, including properties, creditor��s equity and other economic rights
of all forms. Classified by the degree of liquidity, total assets include
working capitals, long-term investment, fixed assets, intangible assets,
deferred assets and other assets.
Total Working
Capital
refers to capital
that an enterprise can cash or use during one year or one production cycle that
may exceed one year, including cash and savings deposits of various forms,
short-term investment, money receivable and prepaid money, inventories, etc.
Total Fixed assets
refer to the
assets with high unit value can keep its original body in use and last for a
long period. Refers to the use of more than one year of
housing, buildings, machines, machinery, transport equipment and other
production and business-related equipment, apparatus, tools, etc. Some
items which are not belong to the production and operation of major equipment,
but the unit value of more than 2,000 yuan, and the
use of more than two years, should also be as fixed assets.
Revenue from
Principal Business
refers to revenues
from the sales of products, labour services provided,
alienation of using asset right and etc.
Cost of Principal
Business
refers to real
costs from the sales of products, labour services
provided, alienation of using asset right and etc.
Tax and Extra
Charges of Principal Business
refer to the tax
and charges including the business tax, consumption tax, city maintenance and
construction tax, resources tax, land increasing value tax and extra charges
for education and etc.
Total Pre-tax
Profits
refer to the
profits gained from the revenues after deducting the costs, which means the
final achievements in the reference period, including business profit,
subsidies, net income of investment and net income of other business.
Total Profits and
Taxes
refers to the sum
of the total net profits, products sales tax & surcharges and the value
added tax payable of industrial enterprises, namely pre-tax profits.
Sales Ratio of
Products
reflects the
actual sale of industrial products, analyzing the production-selling and
supply-demand relations. It is calculated as:
|
Sales Ratio of Products (%) = |
Value of Industrial Sales |
��100% |
|
Gross Industrial Output Value (Current Prices) |
Ratio of Total
Assets to Industrial Output Value
reflects the
profit-making capability of all assets of the enterprise and is a key indicator
manifesting the performance and management and evaluating the profit-making
potential of the enterprise. It is calculated as follows:
|
Ratio of Total Assets to Industrial Output Value (%) = |
Total
Pre-tax Profits + Total
Taxes + Interest Payment |
��100% |
|
Average Assets |
In the above formula, total taxes is the sum of tax and
extra charges on the sales of products and value-added tax payable; and average
assets is the arithmetic mean of the sum of beginning assets and ending assets.
Ratio of Debts to
Assets
reflects both
the operation risk and the capability of the enterprise in making use of the
capital from the creditors. It is calculated as follows:
|
Ratio of Debts to Assets (%) = |
Total Debts |
��100% |
|
Total Assets |
Number of Times of Turnover of
Circulating Funds
refers to the
number of times of turnover of circulating funds in a given period of time,
which reflects the speed of the turnover of circulating funds of industrial
enterprises, and is calculated as follows:
|
Turnover of Circulating Funds = |
Sales Revenue of Products |
|
Average
Balance of Total Working Capital |
In the above
formula, average balance of total circulating funds refers to the arithmetic
mean of the sum of circulating funds at the beginning and at the end of the
reference period.
Ratio of Profits
to Total Industrial Costs
refers to the
ratio of profits realized in a given period to the total costs in the same
period, which reflects the economic efficiency of input cost and is calculated
as follows:
|
Ratio of Profits to Total Industrial Cost (%) = |
Total
Pre-tax Profits |
��100% |
|
Total Costs |
Total costs in the above formula is the sum of cost of products sold, marketing cost,
management cost and financial cost.