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China: Profits of Industrial Enterprises above Designated Size Decreased From January to August 2009
added: 2009-09-28

From January to August, the profits of industrial enterprises above designated size (enterprises with an annual sales over 5 million yuan, same as follows) reached 1,674.7 billion yuan, decreased by 10.6 percent over the same period of the previous year.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 504.5 billion yuan, decreased 25.2 percent year-on-year; that of collective-owned enterprises was 36.7 billion yuan, up by 0.7 percent; that of corporate enterprises reached 904.6 billion yuan, dropped 13.2 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong , Macao and Taiwan achieved 477.6 billion yuan, decreased 6.1 percent; and that of private enterprises reached 439.9 billion yuan, rose by 6.6 percent.

Within 39 branches of industry, the profits of electric power industry went up by 194 percent, that of manufacture of transportation equipment surged 14.5 percent, that of manufacture of special purpose machinery industry increased 7.3 percent, and that of fiber industry boomed 42.4 percent, that of processing of petroleum and coking industry turned to get profits gains of 71.2 billion yuan from net loss of 94.2 billion yuan, that of extraction of petroleum and natural gas dropped 68.5 percent, that of steel industry decreased 71.7 percent, that of smelting and pressing of nonferrous metals descended 56.8 percent, that of chemical industry declined 16.8 percent, that of manufacture of electronic communication equipment dipped 25.3 percent, and that of coal and mining industry fell 11.8 percent.

The total volume of tax contributed by industrial enterprises above designated size was 949.3 billion yuan, a year-on-year decrease of 1.8 percent, main business taxes and additional accounted for 503.6 billion yuan, with an increase of 36.6 percent, year-on-year.

The main income for industrial enterprises above designated size reached 32,376.9 billion yuan, increased 1.6 percent year-on-year.

By the end of August, the total volume of receivable accounts for industrial enterprises above designated size amounted to 4,812.3 billion yuan, a year-on-year increase of 9.2 percent. The total value of finished products for industrial enterprises was 2,222.8 billion yuan, dipped 0.8 percent year-on-year.


Source: National Bureau of Statistics of China

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