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China: Industrial Profits Went up from January to April 2010
added: 2010-06-01

Industrial profits in 24 regions realized 978.5 billion yuan from January to April, increased 91.5 percent year-on-year, narrowed 11.1 percentage points over the first quarter.

Within 39 branches of industrial sectors, the profits of 37 industrial sectors increased year-on-year; that of 25 industrial sectors declined over first quarter, and that of 14 sectors increased. Of the total, the profits of oil and natural gas extraction industry, ferrous metals mining and dressing, chemical fiber industry, non-ferrous metal smelting and rolling processing industry, transportation equipment manufacturing, communication equipment, computers and other electric equipment production, power and heat production and supply respectively surged 2.3, 1.7, 3.1, 3.9, 1.7, 1.9, 7.8 times; that of ferrous metal smelting and rolling processing industry increased 140 times while its profit in last period of January to April only achieved 340 million yuan; that of raw chemical materials and chemical products climbed 86.6 percent; while the profits of tobacco manufacturing and oil processing, coking and nuclear fuel processing respectively declined 15.0 and 6.8 percent year-on-year.

The main business revenue for industry in 24 regions reached 16,124.2 billion yuan, increased 40.0 percent year-on-year, reduced 0.4 percentage points over first quarter.

By the end of April, the total volume of net accounts receivable for industry in 24 regions hit 4,187.3 billion yuan, climbed 26.1 percent year-on-year, remained the same level over the first quarter. The finished goods funds accounted for 1,712.2 billion yuan, went up 8.5 percent year-on-year, jumped 1.4 percentage points over first quarter.


Source: National Bureau of Statistics of China

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