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China: Profits of Industrial Enterprises above Designated Size Decreased From January to February
added: 2009-03-30

From January to February, the profits of industrial enterprises above designated size (enterprises with an annual sales over 5 million yuan, same as follows) reached 219.1 billion yuan, decreased by 37.3 percent over the same period of the previous year.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 56.7 billion yuan, decreased 59.2 percent year-on-year; that of collective-owned enterprises was 5.9 billion yuan, down by 5.9 percent; that of corporate enterprises reached 111.5 billion yuan, dropped 39.7 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong SAR, Macao SAR and Taiwan achieved 62.0 billion yuan, decreased 39.3 percent; and that of private enterprises reached 70.5 billion yuan, rose by 3.3 percent.

Within 39 branches of industry, the profits of extraction of petroleum and natural gas, chemical industry, architectural materials industry, manufacture of electronic communication equipment, manufacture of special purpose machinery industry, manufacture of transportation equipment, and electric power industry was down by 86.1, 49.3, 3.6, 96.3, 13.4, 40.4 and 77.0 percent respectively. As compared over the same period of previous year, the steel industry turned to get net loss of 0.77 billion yuan from profits gains of 25.5 billion yuan, that of smelting and pressing of nonferrous metals industry turned to get net loss of 1.93 billion yuan from profits gains of 12.8 billion yuan, that of manufacture of chemical fibers turned to get net loss of 0.13 billion yuan from profits gains of 1.2 billion yuan, that of coal mining industry increased 15.0 percent, and that of processing of petroleum and coking industry turned to get profits gains of 11.7 billion yuan from net loss of 19.4 billion yuan.

The total volume of tax contributed by industrial enterprises above designated size was 322.9 billion yuan, a year-on-year increase of 8.3 percent.

The main income for industrial enterprises above designated size reached 6,060.1 billion yuan, decreased 3.1 percent over the same period of the previous year.

By the end of February, the total volume of receivable accounts for industrial enterprises above designated size amounted to 3,928.6 billion yuan, a year-on-year increase of 7.3 percent. The total value of finished products for industrial enterprises was 1,980.2 billion yuan, rose by 11.7 percent.


Source: National Bureau of Statistics of China

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