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China: Industrial Profits Shrank From January to April 2009
added: 2009-06-01

Industrial profits in 22 regions realized 487.3 billion yuan from January to April, declined 27.9 percent year-on-year, narrowed 4.3 percentage points over first quarter.

Within 39 branches of industrial sectors, the profits of 23 industrial sectors increased in recovery (or decreasing rate reduced). Of the total, the profits of non-ferrous metal smelting and rolling processing industry get profits stood at 4,920 million yuan from 3,810 million yuan over first quarter; that of oil processing and coking industry gained profits accounted for 26.66 billion yuan, surged 181.3 percent year-on-year; that of chemical fiber industry decreased 57.6 percent from 87.5 percent over first quarter; that of electric power industry turned to get profits gains of 2,190 million yuan from net loss of 1,370 million yuan over first quarter; that of special equipment manufacturing industry increased 2.2 percent year-on-year, the increasing rate promoted 1.6 percentage points over first quarter; that of transportation equipment manufacturing narrowed to 17.3 percent from 28.4 percent over first quarter; and that of iron and steel industry decreased 97.5 percent year-on-year.

The main business revenue for industry in 22 regions reached 10,889.6 billion yuan, dipped 0.8 percent year-on-year, reduced 0.1 percentage points over first quarter.

By the end of April, the total volume of net accounts receivable for industry in 22 regions hit 3,093.7 billion yuan, climbed 7.0 percent year-on-year, remained the general level over first quarter. The finished goods funds accounted for 1,575.6 billion yuan, went up 7.5 percent year-on-year, dropped 2.9 percentage points over first quarter.


Source: National Bureau of Statistics of China

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