Changes in Inventories

(100 Million Yuan)

Change in Inventories refers to the market value of the change in the physical volume of inventory of resident units during a given period, i.e.the difference between the values at the beginning and at the end of the period minus the gains due to the change in price. The changes in inventories can have a positive or negative value. A positive value indicates an increase in inventory while a negative value indicates a decrease in inventory. The inventory includes raw materials, fuels, and reserve materials purchased by the production units as well as the inventory of finished products, semi-finished products, and work-in-progress.