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China: Industrial Profits Went up from January to April 2011
added: 2011-06-03

From January to April, the industrial profits of enterprises above designated size achieved 1,486.9 billion yuan, a year-on-year increase of 29.7%.

The profits of State-owned and State-holding Industrial Enterprises gained 502.9 billion yuan, up by 21.5%; that of collective-owned enterprises amounted to 22.3 billion yuan, up by 32.9%; that of share-holding corporation Ltd amounted to 835.9 billion yuan, up by 34.7%; that of enterprises with funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises reached 406.7 billion yuan, up by 18.1%; that of private enterprises gained 376.6 billion yuan, increased 47.4% year-on-year.

Within 39 branches of industrial divisions, the profits of 35 industrial divisions increased year-on-year; that of 3 industrial divisions declined; 1 division from loss to profit. Of the total, the profits of oil and natural gas extraction industry, ferrous metals mining and dressing, raw chemical materials and chemical products, chemical fiber industry, non-ferrous metal smelting and rolling processing industry, transportation equipment manufacturing, communication equipment, computers and other electric equipment production respectively shot up 35.4%, 71.6%, 59.5%, 77.5%, 31.1%, 16.3% and 2.3%; whereas that of ferrous metal smelting and rolling processing industry, power and heat production and supply, and processing of petroleum, coking, processing of nuclear fuel went up 0.1%, 0.3% and 35.7%.

The main business revenue of enterprises above designated reached 24,114.7 billion yuan, ballooned 29.5% year-on-year.

By the end of April, the total volume of receivable accounts for industry hit 6,261.4 billion yuan, 24% higher over the same period last year. The finished goods funds accounted for 2,436.3 billion yuan, went up 23.2% year-on-year.


Source: National Bureau of Statistics of China

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