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China: Industrial Profits Went up from January to October 2010
added: 2010-12-02

Industrial profits in 24 regions realized 2,838 billion yuan from January to October, increased 51.6 percent, year-on-year, narrowed 1.9 percentage points over the past nine months.

Among the 39 industrial divisions, 37 divisions registered year-on-year increase in profits, 1 division reversed from loss-making to profits, and 1 division witnessed reduction of profits.

Comparing with the past nine months, the growth rate of profits in 24 industrial divisions declined while that of 13 divisions climbed. 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, non-ferrous metal smelting and rolling processing industry, manufacture of transportation equipment, manufacture of communication equipment, computers and other electric equipment increased 69.7, 56.9, 60.1, 95.5, 67.4 and 74.7 percent, respectively. The profits of ferrous metals mining and dressing, chemical fiber industry, electric power and heat power production and supply up by 1.23, 1.28 and 1.37 times; while the profits of oil processing, coking and nuclear fuel processing declined 8.2 percent year-on-year.

The main business revenue for industry in 24 regions reached 45,303.9 billion yuan, increased 32.1 percent year-on-year, reduced 0.5 percentage point over past nine months.

By the end of October, the total volume of net accounts receivable for industry in 24 regions hit 4,835.6 billion yuan, climbed 22 percent year-on-year, down by 0.6 percentage point over the end of September. The finished goods funds accounted for 1,898.5 billion yuan, went up 9.3 percent year-on-year, 1.5 percentage points higher over the end of September.


Source: National Bureau of Statistics of China

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