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China: Industrial Profits Went up from January to August 2010
added: 2010-09-29
From January to August, the industrial profits of enterprises above designated size achieved 2600.5 billion yuan, a year-on-year increase of 55%. The profits of State-owned and State-holding Industrial Enterprises gained 842.3 billion yuan, up by 67.5%; that of collective-owned enterprises amounted to 47.1 billion yuan, up by 35.8%; that of Share-holding Corporation Ltd amounted to 1405.6 billion yuan, up by 53.4%; that of enterprises with funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises reached 744.1 billion yuan, up by 54.5%; that of private enterprises gained 671.5 billion yuan, increased 50.9% year-on-year.
Within 39 branches of industrial sectors, the profits of 36 industrial sectors increased year-on-year; that of 2 industrial sectors declined, and that of one industrial sector reduced losses. Of the total, the profits of oil and natural gas extraction industry, raw chemical materials and chemical products, ferrous metal smelting and rolling processing industry, transportation equipment manufacturing, communication equipment, computers and other electric equipment production shot up 93.2%, 49.6%, 99.7%, 80.7% and 71.3% respectively. The profits of ferrous metals mining and dressing, chemical fiber industry, non-ferrous metal smelting and rolling processing industry, power and heat production and supply went up 1.3, 1.0, 1.3 and 1.2 times; while the profits of oil processing, coking and nuclear fuel processing declined 31% year-on-year.
The main business revenue of enterprises above designated reached 43119.6 billion yuan, increased 33.4% year-on-year, reduced 4.8 percentage points comparing with January to May.
By the end of August, the total volume of receivable accounts for industry hit 5980.2 billion yuan, 24% higher over the same period last year, year-on-year, down by 2.1 percentage point over the end of May. The finished goods funds accounted for 2277.9 billion yuan, went up 9% year-on-year, declined 0.5 percentage points over the end of May.