News Markets Media

USA | Europe | Asia | World| Stocks | Commodities

Home News Asia China: Industrial Profit Shot up From January to November 2008


China: Industrial Profit Shot up From January to November 2008
added: 2008-12-29

From January to November, 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 follows) reached 2,406.6 billion yuan, rose by 4.9 percent over the same period of the previous year.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 798.5 billion yuan, decreased 14.5 percent year-on-year; that of collective-owned enterprises was 68.7 billion yuan, up by 29.5 percent; that of joint-stock cooperative enterprises reached 16.8 billion yuan, jumping 19.2 percent; that of share-holding enterprises gained 1,346.7 billion yuan, up by 11.4 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 637.4 billion yuan, decreased 3.1 percent; and that of private enterprises reached 549.5 billion yuan, rose by 36.6 percent.

Within 39 branches of industry, the profits of extraction of petroleum and natural gas up by 37.2 percent, that of coal mining industry grew by 133.7 percent, that of chemical industry grew by 0.2 percent, that of architectural materials industry 27.7 percent, that of manufacture of special purpose machinery industry grew by 9.4 percent, that of manufacture of transport equipment grew by 15.7 percent, and that of manufacture of electronic communication equipment grew by 1.1 percent; while the profits of steel industry declined by 13.7 percent, that of electronic power industry declined by 84.1 percent, that of smelting and pressing of nonferrous metal industry declined by 34.1 percent, and that of manufacture of chemical fibers declined by 74.9 percent. The processing of petroleum and coking industry turned to get net loss of 126.0 billion yuan from profits gains of 24.5 billion yuan from of last year.

The total volume of tax contributed by industrial enterprises above designated size was 1,831.4 billion yuan, a year-on-year increase of 20.7 percent.

The main income for industrial enterprises above designated size reached 43,946.4 billion yuan, increased 24.1 percent over the same period of the previous year.

By the end of November, the total volume of net receivable for industrial enterprises above designated size amounted to 4,500.6 billion yuan, a year-on-year increase of 12.3 percent. The total value of finished products for industrial enterprises was 2,311.4 billion yuan, rose by 25.0 percent.


Source: National Bureau of Statistics of China

Privacy policy . Copyright . Contact .