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China: Industrial Profits Went up from January to June 2010
added: 2010-07-30
Industrial profits in 24 regions realized 1,611.1 billion yuan from January to June, increased 71.8 percent year-on-year, narrowed 11.2 percentage points over the first five months.
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. Comparing with the first five months, the growth rate of profits in 31 industrial sectors declined while that of 5 sectors climbed. Of the total, the profits of oil and natural gas extraction industry, ferrous metals mining and dressing, chemical fiber industry, 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, and power and heat production and supply respectively went up 1.6, 1.9, 1.3, 3.7, 1.8, 1.1, 1.4 and 2.5 times; that of raw chemical materials and chemical products climbed 59.8 percent; while the profits of oil processing, coking and nuclear fuel processing declined 18.8 percent year-on-year.
The main business revenue for industry in 24 regions reached 25,901.9 billion yuan, increased 36.5 percent year-on-year, reduced 2.4 percentage points over first five months.
By the end of June, the total volume of net accounts receivable for industry in 24 regions hit 4,497.9 billion yuan, climbed 26.4 percent year-on-year, increased 0.1 percentage point over the end of May. The finished goods funds accounted for 1,809.4 billion yuan, went up 11.7 percent year-on-year, jumped 1.8 percentage points over the end of May.