Explanatory Notes on Main Statistical Indicators
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 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 20 million yuan.
Large, Medium, Small,
Mini-sized Enterprises
Industrial enterprises are classified into large, medium, small,
mini-sized enterprises according to employment personnel and sales revenue in
accordance with the regulation of Classification of Large, Medium, Small,
Mini-sized Enterprises on Statistics in 2011. The standard of classification as
following:
|
Indicator |
Unit |
Large-sized |
Medium-sized |
Small-sized |
Mini-sized |
|
EmploymentPersonnel(X) |
person |
X��1 000 |
300��X��1 000 |
20��X��300 |
X��20 |
|
Sales Revenue(Y) |
10 000 yuan |
Y��40 000 |
2 000��Y��40 000 |
300��Y��2 000 |
Y��300 |
Gross Output Value of
Industry��current price��
refers to total volume of final industrial products produced
and industrial services provided during the reporting period. It consists of 3
components: value of the finished products, income from processing for external
parties, and value of change in semi-finished products between the end and the
beginning of the reference period.
Total Assets
refer to all resources formed by transaction or other activities, which are
owned or controlled by enterprises and expected to bring economic benefits to
the enterprises. Classified by the degree of liquidity(the
time of assets to be liquidated or consumed), total assets include working
capitals and immovable assets. Working capitals can be classified into monetary
assets, trading financial assets, notes receivable, accounts receivable,
advanced payments, other prepaid money and inventories. Immovable assets can be
divided into long-term equity investment, fixed assets, intangible assets and
other immovable assets.
Working Capitals the assets should be
classified into working capital if meeting one of the following conditions: (1)
expected to be liquidated, sold or consumed in one normal operating cycle,
mainly including inventory, account receivable, etc.; (2) owned for transaction
purpose; (3) expected to be liquidated in one year (including one year) since
balance sheet date; (4) cash or cash equivalent without limited ability of
exchanging other assets or paying debts in one year from balance sheet date, including
monetary funds, note receivable, accounts receivable, inventory and other
items.
Fixed Assets refer to the physical assets owned over
one accounting year for the purpose of production, providing services, rent or
business management, including the use of more than one year of housing,
buildings, machines, machinery, transport equipment and other production and
business-related equipment, apparatus, tools, etc.
Revenue from Principal
Business
refers to revenues accepted by enterprises from the sales of products, labour services provided and etc. in the principal
business.
Cost of Principal Business
refers to total costs for enterprises to operate the
principal business.
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. in the operation
of principal business.
Total Pre-tax Profits
refer to the business results of enterprises in certain
accounting period, that is the profits gained from the revenues after deducting
the costs, which means the final achievements in the reference period. To the
enterprises implemented the Regulation of Accounting Standards for Business
Enterprises in 2006, total pre-tax profits equals to business profit add
non-operating revenue and minus non-operating expenditures. To the enterprises
not implemented, total pre-tax profits equals to business profit add investment
income, subsidies, non-operating revenue and minus non-operating expenditures.
Total Profits and Taxes
refers to the sum of the total profits, tax and extra
charges of principal business and the value added tax payable of industrial
enterprises.
Total Liabilities
refers to payable
liabilities of enterprises that accumulated from previous trades or
transactions with expectation of economic profits leaking out .In terms of
payment ,it can be divided into liquid liabilities and long-term liabilities
.Data on this item is obtained from the year-end figures on total liabilities
from the Assets and Liability table of the accounting record of the
enterprises.
The enterprises which implement ��Enterprise Accounting
Standards�� of 2006, or ��Small Enterprise Accounting Standards�� of 2011,Total Liabilities =Total current liabilities
+Total non-current liabilities; The Liabilities of the enterprises which
implement other enterprise accounting system include current liabilities and
long-term liabilities.
Value-added Tax Payable
refers to the
payable tax of enterprise which engage in selling of goods or providing
services that bring added value to the goods ,such as processing, repairing, fitting
and other activities should be paid accoeding to tax law
,and the initial undeductibal tax is exclusive. According
to the accounting related subjects lender cumulative
amount, completing the caculation according to the
following formula:
Value-added Tax Payable =Tax on Sales
�C (Tax on Purchase �CTransferred Tax on Purchase)-Exports Deduct Tax Payable on Domestic
Sales-Tax Relief + The Export Tax Rebate
Tax on Purchase refers to the value-added tax payable by enterprises that purchase goods or receiving taxable services during the reference period and this part of the tax is allowed to be deducted from the tax on sales.
Tax on Sales refers to the
value-added tax chargeable by enterprises that sell goods or provide taxable
services during the reference period.
Proportion of Products Sold
reflects the actual sale of industrial products, analyzing the production-selling
and supply-demand relations. It is calculated as:
Proportion of Products Sold
(%) =
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 (%) =
In the above formula, total taxes is the sum of tax and extra charges of
principal business and value-added tax payable.
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:
Number of Times of Turnover
of Working Capitals
refers to the number of times of turnover of working capital in a given period
of time, which reflects the speed of the turnover of working capital of
industrial enterprises, and is calculated as follows:
In the above formula, average balance of total working capital refers to
the arithmetic mean of the sum of circulating funds at the beginning and at the
end of the reference period.
Ratio of Pre-tax 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 costs in the above formula is the sum of cost
of products sold, marketing cost, management cost and financial cost.
Liquidity Ratio
refers to the ratio of current assets and current
liabilities, which is used to measure the enterprise's ability to turn the
current assets into cash to repay its debts before the short-term debt
maturity. It is calculated as follows:
Quick Ratio
refers to the ratio of quick assets and current liabilities,
which is used to measure the enterprise��s ability to turn the current assets
into cash immediately to repay its current liabilities. It is calculated as
follows:
