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China: Industrial Profits Expanded in the First Half Year
added: 2011-07-29

In the first half year, the industrial profits of enterprises above designated size achieved 2,410.5 billion yuan, a year-on-year increase of 28.7 percent.

The profits of state-owned and state-holding industrial enterprises gained 778.4 billion yuan, expanding 20.2 percent, that of collective-owned enterprises reached 38.6 billion yuan, increased 33.8 percent, that of joint-stock enterprises stood at 1,377.2 billion yuan, rose by 34.8 percent, that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 629.1 billion yuan, jumping 14.5 percent, and that of private enterprises gained 642.5 billion yuan, increased 47.2 percent, year-on-year.

Within 39 branches of industrial divisions, the profits of 38 industrial divisions increased year-on-year; while that of 1 declined. Of which, the profits of petroleum and natural gas extraction industry increased 37.7 percent, that of ferrous metals mining and processing went up by 61.7 percent, that of raw chemical materials and chemical products rose by 57.1 percent, that of chemical fiber industry increased 49.8 percent, that of ferrous metal smelting and processing industry rose by 6.9 percent, that of non-ferrous metal smelting and processing industry jumping 48.5 percent, that of transportation equipment manufacturing expanding 13.1 percent, that of communication equipment, computers and other electric equipment production climbing 3.6 percent, that of power and heat production and supply surging 7.3 percent, while that of processing of petroleum, coking, processing of nuclear fuel dropped 66 percent.

The main business revenue of enterprises above designated reached 38,855.2 billion yuan, ballooned 29.7 percent, year-on-year.

By the end of June, the total volume of net receivable for industrial enterprises hit 6,568.3 billion yuan, went up 21.2 percent, year-on-year. The total value of finished products for industrial enterprises accounted for 2,539.1 billion yuan, went up 21.7 percent, year-on-year.


Source: National Bureau of Statistics of China

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