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China: Industrial Profits Went up from January to March 2011
added: 2011-05-02

From January to March, the industrial profits of enterprises above designated size achieved 1065.9 billion yuan, a year-on-year increase of 32%.

The profits of State-owned and State-holding Industrial Enterprises gained 364.8 billion yuan, up by 24.6%; that of collective-owned enterprises amounted to 16.1 billion yuan, up by 35.1%; that of share-holding corporation Ltd amounted to 599.6 billion yuan, up by 37%; that of enterprises with funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises reached 292.4 billion yuan, up by 19.9%; that of private enterprises gained 269.1billion yuan, increased 50.2% year-on-year.

Within 39 branches of industrial divisions, the profits of 37 industrial divisions increased year-on-year; that of 1 industrial division declined; 1 division witnessed reduction of profits. Of the total, the profits of oil and natural gas extraction industry, ferrous metals mining and dressing, ferrous metals mining and dressing, raw chemical materials and chemical products, ferrous metal smelting and rolling processing industry, transportation equipment manufacturing, communication equipment, computers and other electric equipment production, power and heat production and supply shot up 33.1%, 80.1%, 65.1%, 15.6%, 28.5%, 11.6%, 5.5% and 9.2%. The profits of chemical fiber industry went up 1.0 times, while that of processing of petroleum, coking, processing of nuclear fuel went down 17%.

The main business revenue of enterprises above designated reached 17452.5 billion yuan, ballooned 30.6% year-on-year.

By the end of March , the total volume of receivable accounts for industry hit 6047 billion yuan, 24.6% higher over the same period last year. The finished goods funds accounted for 2367.2billion yuan, went up 23.1% year-on-year.


Source: National Bureau of Statistics of China

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