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China: Industrial Profits Went up from January to July 2010
added: 2010-08-31

Industrial profits in 24 regions realized 1,8761.1 billion yuan from January to July, increased 61.1 percent year-on-year, narrowed 10.7 percentage points over the past six months.

Within 39 branches of industrial sectors, the profits of 36 industrial sectors increased year-on-year; that of 2 industrial sectors declined, and that of one industrial sector turns loss into gain. Comparing with the first six months, the growth rate of profits in 33 industrial sectors declined while that of 3 sectors climbed. 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, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry, communication equipment, computers and other electric equipment production, and power and heat production and supply respectively went up 1.1, 1.6, 1.1, 1.7, 1.5, 1.1 and1.9 times; that of transportation equipment manufacturing increased 94.5 percent. While the profits of oil processing, coking and nuclear fuel processing declined 32 percent year-on-year.

The main business revenue for industry in 24 regions reached 30,452.7 billion yuan, increased 34.7 percent year-on-year, reduced 1.8 percentage points over past six months.

By the end of July, the total volume of net accounts receivable for industry in 24 regions hit 4,565.7 billion yuan, climbed 25.4 percent year-on-year, down by 1 percentage point over the end of June. The finished goods funds accounted for 1817 billion yuan, went up 10.5 percent year-on-year, declined 1.2 percentage points over the end of June.

Note: Introduction on sources and coverage of industrial benefits data

I. The financial reports on industrial enterprises above designated size are performed four comprehensive surveys on January to February, January to May, January to August and January to November according to the current Regulations on National Statistical Survey, then the data are reported by each province, verified and tabulated by Industry Department of NBS, and then respectively released on March, June, September and December.

II. Since 2008, part of provinces increased survey frequencies themselves. Currently, the monthly data except that on January to February, January to May, January to August and January to November, are tabulated and processed by Industry Department of NBS based on the comprehensive data reported by 24 regions remained persisting monthly surveys. In order to convenient for the public to observe the changes on industrial economic benefits, and to know its tendencies on each month, we release tabulated data of 24 regions respectively on April, May, July, August, October and November.


Source: National Bureau of Statistics of China

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