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China: Industrial Profit Shot up From January to February 2010
added: 2010-03-28

From January to February, the industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual sales over 5 million yuan, same as follow) reached 486.74 billion yuan, rose by 119.7 percent year-on-year.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 178.03 billion yuan, increased 213.6 percent year-on-year; that of collective-owned enterprises was 8.28 billion yuan, up by 45.2 percent; that of joint-stock cooperative enterprises reached 259.45 billion yuan, jumping by 125.5 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 140.64 billion yuan, increased 125.1 percent; and that of private enterprises reached 118.62 billion yuan, rose by 66.3 percent year-on-year.

Within 39 branches of industry, the profits of electric power industry increased 17.8 times year-on-year; that of manufacture of transport equipment went up by 2.7 times; that of manufacture of special purpose machinery surged 74.5 percent; that of chemical fiber industry climbed 86.1 times; that of chemical industry came up by 1.7 times; that of extraction of petroleum and natural gas increased 3.5 times; that of processing of petroleum and coking industry boomed 18.5 percent; that of manufacture of electronic communication equipment ballooned 5.6 times; that of coal mining industry surged 91.9 percent; that of building materials industry increased 88.4 percent; that of steel industry turned to get profits gains of 17.67 billion yuan from net loss of 0.72 billion yuan over same period of last year; that of smelting and pressing of nonferrous metals industry turned to went up by 14.07 billion yuan from net loss of 1.63 billion yuan.

The total volume of value-added taxes contributed by industrial enterprises above designated size was 265.93 billion yuan, a year-on-year increase of 31 percent, taxes and surtaxes of primary business accounted for 161.9 billion yuan, an increase of 36 percent.

The income achieved from primary business for industrial enterprises above designated size reached 8,555.86 billion yuan, increased 39.7 percent year-on-year.

By the end of February, the total volume of receivable accounts for industrial enterprises above designated size amounted to 4,940.89 billion yuan, a year-on-year increase of 24.8 percent. The total value of finished products for industrial enterprises was 1,973.32 billion yuan, rose by 5.2 percent year-on-year.


Source: National Bureau of Statistics of China

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