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China: Industrial Profits Went up from January to September 2010
added: 2010-10-29

Industrial profits in 24 regions realized 2493.7 billion yuan from January to September, increased 53.5 percent, year-on-year, narrowed 2.8 percentage points over the past eight 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 eight months, the growth rate of profits in 25 industrial divisions declined while that of 12 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, manufacture of transportation equipment, manufacture of communication equipment, computers and other electric equipment up by 81.4, 55.2, 70.4, 76.1 and 86.1 percent; ferrous metals mining and dressing, chemical fiber industry, non-ferrous metal smelting and rolling processing industry, electric power and heat power production and supply respectively went up 1.4, 1.2, 1.1 and 1.7 times; while the profits of oil processing, coking and nuclear fuel processing declined 23 percent year-on-year.

The main business revenue for industry in 24 regions reached 40,323.9 billion yuan, increased 32.6 percent year-on-year, reduced 1.1 percentage points over past eight months.

By the end of September, the total volume of net accounts receivable for industry in 24 regions hit 4,706.2 billion yuan, climbed 22.6 percent year-on-year, down by 1.2 percentage points over the end of August. The finished goods funds accounted for 1,852.6 billion yuan, went up 7.8 percent year-on-year, dropped 1.1 percentage points over the end of August.


Source: National Bureau of Statistics of China

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