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China: Profits of Industrial Enterprises above Designated Size Decreased From January to May 2009
added: 2009-06-26

From January to May, the profits of industrial enterprises above designated size (enterprises with an annual sales over 5 million yuan, same as follows) reached 850.2 billion yuan, decreased by 22.9 percent year-on-year.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 246.7 billion yuan, decreased 41.5 percent year-on-year; that of collective-owned enterprises was 20 billion yuan, down by 0.7 percent; that of corporate enterprises reached 454.3 billion yuan, dropped 24.1 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong , Macao and Taiwan achieved 243.0 billion yuan, decreased 22.4 percent; and that of private enterprises reached 230.3 billion yuan, rose by 2.4 percent.

Within 39 branches of industry, the profits of petroleum processing and coking turned to get profits gains of 44.8 billion yuan from net loss of 44.9 billion yuan, that of coal and mining industry increased 4.2 percent year-on-year, that of architectural materials industry boomed 8.6 percent, that of electric power industry ballooned 14.6 percent, that of extraction of petroleum and natural gas dipped 75.8 percent year-on-year, that of iron and steel industry dropped 97.2 percent, that of non-ferrous metal smelting and rolling processing industry decreased 77.9 percent, that of fiber industry went down by 34.7 percent, that of chemical industry came down by 25.4 percent, that of electronic and telecommunication equipment manufacturing descended 46.0 percent, that of special purpose equipment manufacturing declined 0.9 percent, and that of transport equipment manufacturing fell 7.3 percent.

The total volume of value-added taxes contributed by industrial enterprises above designated size was 555.3 billion yuan, a year-on-year decrease of 3.9 percent, taxes and surtaxes of primary business accounted for 303 billion yuan, an increase of 35.6 percent.

The income achieved from primary business for industrial enterprises above designated size reached 18,367.9 billion yuan, decreased 0.8 percent year-on-year.

By the end of May, the total volume of receivable accounts for industrial enterprises above designated size amounted to 4,449.7 billion yuan, a year-on-year increase of 8.0 percent. The total value of finished products for industrial enterprises was 2,121.1 billion yuan, rose by 4.7 percent year-on-year.


Source: National Bureau of Statistics of China

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