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 |
2 000 and over |
300-2 000 |
below 300 |
|
Sales Revenue |
10 000 yuan |
30 000 and over |
3 000-30 000 |
below 3 000 |
|
Total Assets |
10 000 yuan |
40 000 and over |
4 000-40 000 |
below 4 000 |
Gross Output Value of Industry
refers to 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.
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
Working Capital
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.