Industrial Economic Benefit in the Period of Jan. to Nov.

Continued to Maintain the High Level.

From the Jan. to Nov. of this year, the economic benefit of the industrial enterprises above designated size kept the high level, but the funds for finished goods and receivables rose in the growth rate.

The general level of economic benefit continued to rise. In the first eleven months of this year, the composite index of industrial economic benefit was 143.2, up by 14 points year on year.

The sales revenue of products rose continuously and steadily. In the first eleven months of this year, the actual sales revenue of industrial enterprises reached 12.46 trillion yuan, a year-on-year rise of 27.7% which kept the same level with the rise of the first ten months. Especially, the actual sales revenue from the state-owned and state share-holding enterprises reached 5187.4 billion yuan, a year-on-year rise of 23.5% which roughly maintained the same level with the growth rate of the first ten months.

The actual profits of enterprises continued to grow faster. From the Jan. to Nov., the net profits of industrial enterprises reached 725.17 billion yuan, a year-on-year rise of 44.6% which was 1.4 percentage points less than the rise of the first ten months. Especially, the net profits of the state-owned and state share-holding enterprises registered 347.44 billion yuan, a year-on-year rise of 49.7% which was 4.3 percentage points down over the first ten months of this year.

The tax revenue from enterprises grew steadily. From the Jan. to Nov., the taxes from industrial enterprises totaled 649.04 billion yuan, a year-on-year ries of 19.3% which was 0.6 percentage point higher over the first ten months. Especially, the tax revenue from the state-owned and state share holding enterprises reached 421.41 billion yuan, a year-on-year rise of 17.7% which was 0.9 percentage points higher over the first ten months.

The profits of most industries continued to grow. In the first eleven months, among the 39 industries, there were 38 industries the profit of which grew higher than those of the same period of last year. Especially, the industries with the rise rate of over one time in the profits were the followings:  mining and quarrying of ferrous metals(up by 1.75 times), petroleum processing, coking and nucleus fuel processing(up by 1.71 times), smelting and dressing of ferrous metals(up 1.15 times). The industries with the new-added profits over 10 billion yuan were as follows: extracting of petroleum and natural gas(a rise of 31.82 billion yuan, smelting and dressing of ferrous metals( a rise of 28.89 billion yuan), transport equipment manufacturing(up 27.99 billion yuan), chemical materials and chemical products production(up 17.43 billion yuan), production and supply of electricity and heat(up 13.2 billion yuan. The new-added profits of the above five industries added up to 119.34 billion yuan, accounting for 53.4% of the whole industry.

The losses of the loss-making enterprises continued to decline with the decreasing drop. In the first eleven months, the losses of the loss-making enterprises totaled 100.4 billion yuan, a year-on-year drop of 1.95% which was 0.9 percentage points less over the first ten months. Especially, the losses from the state-owned and state share-holding enterprises reached 59.47 billion yuan, a year-on-year decline of 0.6% which was 2.8 percentage points less over the first ten months.

The funds for finished goods of enterprises showed a slightly-increased rise. At the end of this Nov., the funds for finished goods of industrial enterprises reached 840.79 billion yuan, a year-on-year rise of 11.8% which was 0.3 percentage point higher over the end of this October. Especially, the funds for finished goods of the state-owned and state share-holding enterprises reached 324.33 billion yuan, a year-on-year rise of 5.5%.

The receivables of enterprises presented a slightly-increased rise. At the end of this Nov., the net receivables of industrial enterprises registered 1895.01 billion yuan, a year-on-year rise of 14.7% which was 0.9 percentage point higher over the end of this October. And the receivables of the state-owned and state share-holding enterprises reached 773.89 billion yuan, a year-on-year rise of 3.3% which was 0.5 percentage point higher over the end of this October.