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China: Industrial Profit Shot up From January to May 2010
added: 2010-06-28

From January to May, 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 1,539.65 billion yuan, rose by 81.6 percent year-on-year.

Among the industrial enterprises above designated size, the profit of state-owned enterprises, collective enterprises, share-holding enterprises, private enterprise and enterprises invested from foreign, HK, Macro and Taiwan respectively reached 524.38, 27.68, 825.97, 377.66 and 451.83 billion yuan, rose by 118.9, 42.5, 80.3, 61.1 and 83.6 percent year-on-year.

Within 39 branches of industry, the profits of smelting and pressing of ferrous metals industry and nonferrous metals industry increased 32.9 and 3.3 times, that of production and supply of electric power and heat power, chemical fiber manufacturing, extraction of petroleum and natural gas, manufacturing of communication equipment, computer and other electronic equipment, trans port equipment, respectively surged 2.6, 2, 1.7, 1.3 and 1.2 times; the profit of coal mining and washing industry, special purpose machinery, chemical raw material and chemical products manufacturing respectively increased 80.9, 69.9 and 69.3 percent, while that of processing of petroleum, coking, processing of nuclear fuel decreased 8.9 percent year-on-year.

The total volume of value-added taxes contributed by industrial enterprises above designated size was 713.53 billion yuan, a year-on-year increase of 30 percent, taxes and surtaxes of primary business accounted for 400.21 billion yuan, an increase of 34.3 percent.

The income achieved from primary business for industrial enterprises above designated size reached 25,350.3 billion yuan, increased 38.2 percent year-on-year.

By the end of May, the total volume of receivable accounts for industrial enterprises above designated size amounted to 5,610.98 billion yuan, a year-on-year increase of 26.1 percent. The total value of finished products for industrial enterprises was 2,171.96 billion yuan, rose by 9.5 percent year-on-year.


Source: National Bureau of Statistics of China

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