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China: Industrial Profits Went up from January to November 2010
added: 2010-12-29

From January to November, the industrial profits of enterprises above designated size achieved 3882.8 billion yuan, a year-on-year increase of 49.4%.

The profits of State-owned and State-holding Industrial Enterprises gained 1192.4 billion yuan, up by 59.1%; that of collective-owned enterprises amounted to 68.9 billion yuan, up by 34.6%; that of Share-holding Corporation Ltd amounted to 2110 billion yuan, up by 49.4%; that of enterprises with funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises reached 1113.1 billion yuan, up by 46.3%; that of private enterprises gained 1043 billion yuan, increased 49.4% year-on-year.

Within 39 branches of industrial divisions, the profits of 38 industrial divisions increased year-on-year; that of 1 industrial division declined. Of the total, the profits of oil and natural gas extraction industry, raw chemical materials and chemical products, ferrous metal smelting and rolling processing 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 shot up 65.7%, 59.2%, 58.1%, 82.1%, 59.4%, 52% and 74.5%respectively. The profits of ferrous metals mining and dressing, chemical fiber industry went up 1.1 and 1.2 times; while the profits of oil processing, coking and nuclear fuel processing declined 1.1% year-on-year.

The main business revenue of enterprises above designated reached 62445.1 billion yuan, ballooned 31.8% year-on-year.

By the end of November, the total volume of receivable accounts for industry hit 6461.9 billion yuan, 22.4% higher over the same period last year. The finished goods funds accounted for 2436.8 billion yuan, surged 11.2% over last November.


Source: National Bureau of Statistics of China

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