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China: Industrial Profits Went up from January to February 2011
added: 2011-03-31
From January to February, the industrial profits of enterprises above designated size achieved 645.5 billion yuan, a year-on-year increase of 34.3%. The profits of State-owned and State-holding Industrial Enterprises gained 224 billion yuan, up by 25%; that of collective-owned enterprises amounted to 9.9 billion yuan, up by 39.3%; that of Share-holding Corporation Ltd amounted to 357.8 billion yuan, up by 38.6%; that of enterprises with funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises reached 181.3 billion yuan, up by 26%; that of private enterprises gained 162.6 billion yuan, increased 49.7% year-on-year.
Within 39 branches of industrial divisions, the profits of 38 industrial divisions increased year-on-year; that of 1 industrial division declined. Of the total, the profits of oil and natural gas extraction industry, processing of petroleum, coking, processing of nuclear fuel, raw chemical materials and chemical products, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry, transportation equipment manufacturing, communication equipment, computers and other electric equipment production, power and heat production and supply shot up 18.7%, 20.8,%, 75.7%, 26.1%, 16.7%, 19.3%, 33.4% and 13%respectively. The profits of ferrous metals mining and dressing, chemical fiber industry went up 1.1 and 1.3 times.
The main business revenue of enterprises above designated reached 10,697.5 billion yuan, ballooned 31% year-on-year.
By the end of February, the total volume of receivable accounts for industry hit 5,741.8 billion yuan, 23.1% higher over the same period last year. The finished goods funds accounted for 2,264.8 billion yuan, went up 22% year-on-year.