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China: Industrial Profit Shot up From January to November 2009
added: 2009-12-30

From January to November, the industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual sales over 5 million yuan, same as follow) reached 2,589.1 billion yuan, rose by 7.8 percent year-on-year.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 751.4 billion yuan, decreased 4.5 percent year-on-year; that of collective-owned enterprises was 54.5 billion yuan, up by 10.3 percent; that of joint-stock cooperative enterprises reached 1,389.0 billion yuan, jumping by 4.2 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 751.1 billion yuan, increased 16.9 percent; and that of private enterprises reached 684.9 billion yuan, rose by 17.4 percent year-on-year.

Within 39 branches of industry, the profits of electric power industry increased 268.6 percent; that of manufacture of transport equipment went up by 43.0 percent; that of manufacture of special purpose machinery surged 18.4 percent; that of chemical fiber industry climbed 187.4 percent; that of processing of petroleum and coking industry turned to get profits gains of 82.0 billion yuan from net loss of 122.2 billion yuan over same period of last year; that of chemical industry came up by 9.1 percent; that of extraction of petroleum and natural gas decreased 60.7 percent year-on-year; that of steel industry dropped 42.6 percent; that of smelting and pressing of nonferrous metals industry dipped 17.1 percent; that of manufacture of electronic communication equipment descended 5.5 percent; and that of coal mining industry declined 9.4 percent.

The total volume of value-added taxes contributed by industrial enterprises above designated size was 1,383.6 billion yuan, a year-on-year increase of 4.1 percent, taxes and surtaxes of primary business accounted for 729.3 billion yuan, an increase of 42.7 percent.

The income achieved from primary business for industrial enterprises above designated size reached 47,460.9 billion yuan, increased 7.1 percent year-on-year.

By the end of November, the total volume of receivable accounts for industrial enterprises above designated size amounted to 5,255.6 billion yuan, a year-on-year increase of 14.0 percent. The total value of finished products for industrial enterprises was 2,363.6 billion yuan, rose by 0.2 percent year-on-year.


Source: National Bureau of Statistics of China

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