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Gross Industrial Output Value is the total volume of industrial products sold or available for sale in value terms which reflect the total achievements and overall scale of industrial production during a given period. The gross industrial output value is calculated with "factory method" . Data of the gross industrial output value were adjusted in accordance with the 1995 industrial census. It includes the value of the finished products, the value of industrial services rendered to other units, and the changes in the value of the semi-finished products and products in process between the beginning and closing of the period. The changes between the new regulation and the old regulation the first,calculating output value as whole price for ready source materials by themselves, calculating output value as cost for processed with imported materials; the second, the changes producing circulation above six months for the value of the semi-finished products and products in process between the beginning and closing of the period, calculating output value in accordance with financial accounting in current period; the third, output value of current price excluded value added tax. It is not comparable with the data before 1995.
Industrial Enterprises above Designated Size refer to all state-owned(including sole state-funded enterprises, state-owned joint ownership enterprises), and other non-state-owned industrial enterprises with annual sales of over 5 million yuan.
Industrial Sector Classification State draws up the new industrial classification of China Industrial Classification by Sector of the National Economy (GB/T4754-2002) in 2003.Industry is classified into three categories, minerals mining, manufacturing, production & supply of power, gas & water.
Light Industry refers to the industry that produces consumer goods and hand tools.
Heavy Industry refers to the industry which produces capital goods, and provides various sectors of the national economy with necessary material and technical basis.
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 2 000 and over 300-2 000 below below 300
Sales Revenue 10 000 yuan 30 000 and over 30 00-30 000 below below 3 000
Total assets 10 000 yuan 40 000 and over 4 000-40 000 below below 4 000
Capital Obtained refers to the sum of capital received by the enterprise from investors. It can be classified into 6 kinds according to investors.
(a) State capital refers to capital which is formed through state-owned investment into the enerprises by government agencies or institutions that could represent the state in the investment.
(b)Collective capital refers to capital which is formed through state-owned investment into the enerprises by collective institutions or units that could represent the state in the investment, also include the capital which is formed through decrease tax before the enterprise implement new regulation.
(c)Corporate capital refers to capital which is formed through investment by other corporate units.
(d) Individual capital refers to capital which is formed through investment by individuals outside the enterprise or employees of the enterprise using their personal legal properties.
(e) Capital from Hongkong, Macao and Taiwan refers to capital which is formed through investment by investors from Hongkong,Macao and Taiwan of China using their assets of various forms.
(f)Foreign capital refers to capital which is formed through investment by foreign investors.
Sales Revenue of Products refers to the revenue from the sales of products by industrial enterprises and the revenue from services provided, etc.According to the requirement of current accountancy regulation,enterprise calculate sales revenue of products using the principle of power occurrence system,i.e.it is calculated on the basis of sales.
Sales Cost of Products refers to the actual cost of products of industrial enterprises and industrial services provided, etc.It excludes period cost,i.e.management cost,sales cost and finance cost.Enterprise should calculate sales cost according to the principle of power occurrence system,i. e.cost of current period should be calculated no matter it has be paid or not; cost of non-current period should not be calculated even it has been paid at current period.
Sales Expenses of Products refers to the expenses of selling products, semi-processed goods of industrial enterprises and industrial services provided, expenses of sales department, which is included the expenses on transportation, load and unload, package, insurance, exhibition,advertisement and wage of staff and workers of sales department, welfare, business and depreciation.
Tax and Extra Charges on Sales of Products refer to the tax on city maintenance and construction, consumption tax,resources tax and extra charges for education, which should be borne by the enterprises in selling products and providing industrial services during the reference period.
Sales Profit of Products refers to the profit gained by the enterprises by deducting cost, charges and taxes from the business income of the enterprises obtained in selling products and providing industrial services.The following formula is used
Sales Profit of Products=Sales Revenue-Sales Cost of Products-Sales Expenses
of Products-Sales Tax of Products
Business Profits refers to the profits on producing and operating by the enterprises, including main operating profits and other profits.The following formula is used
Business Profits=Sales Profits+Other Profits-overhead costs-financial expenses
Total Profits refer to the final achievements of production and operation of the enterprises, represented by the total profits or losses (loss is expressed by the negative figure) , i.e.sales revenue deduce devotion cost, expenses, expenditure of activities other than operation, add income of activities other than operation and investment earnings.The following formula is used
Total Profits=Profits from Operation+Investment Earnings+Income from Subsidies+Income of Activities other than Operation-Expenditure of Activities other than Operation+Adjustment of Profits and Losses of Previous Years
Total Value of Profit and Tax (Pre-tax) 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.
Total Energy Consumption refers to the total consumption of one-time energy and second-time energy of units.
Energy Conversed to Ton-standard-coal Various energies are conversed into the standard coal equivalent, because the unit of original calculation is not same,heat value is not same.
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