Industrial Profits up by 20.1 Percent from January to September

From January to September, the total volume of profits made by industrial enterprises above designated size (All state-owned enterprises and those non-state-owned enterprises with an annual sales income over 5 million yuan, same as follow) stood at 988.3 billion yuan, up by 20.1% as compared with the same period of previous year (same as follows, if not specifically mentioned). Comprehensive Industrial Benefit Index during the same period was 171.96, increased 10.42 percentage points.

Of the total, the state-owned and state-controlled enterprises achieved a total volume of profits of 481.0 billion yuan, a rise of 17.4%; that of collective enterprises was 36.0 billion yuan, up by 28.0%; that of share-holding enterprises reached 514.0 billion yuan, up by 29.3%; that of enterprises invested by foreign merchant, or merchants from Hong Kong, Macao, and Taiwan stood at 274.8 billion yuan, up by 2.7%; and that of private enterprises was 116.9 billion yuan, up by 40.7%.

Within 39 branches of industry, the profit growth of coal, petroleum, ferrous metals, nonferrous metals and nonmetals was 77.8%, 75.1%, 44.9%, 124.6% and 78.5% respectively; that of steel sector was up by 20.5 %, that of chemistry industry was up by 17.9%; that of electric power was up by 6.7%; that of transport equipment manufacturing was down by 31.7%; that of chemical fiber manufacturing was down by 25.2%; that of construction materials was down by 14.2%; that of electric and communication industry was down by 6.1%;. The petroleum processing and coking had a new deficit of 6.1 billion yuan. The top five sectors with highest new added profits are as follows: petroleum exploitation, coal, steel, chemistry and textiles.

The total volume of deficits made by industrial enterprises above designated size stood at 153.2 billion yuan, a rise of 57.6%. Of which, state-owned and state-controlled enterprises’ deficits reached 80.4 billion yuan, up by 93.5%.

The total volume of taxes made by industrial enterprises above designated size stood at 767.2 billion yuan, up by 19.5%. Of which, state-owned and state-controlled enterprises’ taxes reached 459.4 billion yuan, a rise of 15.7%.

The total volume of sales income made by industrial enterprises above designated size stood at 17, 200.0 billion yuan, rose by 27.4%. Of which, state-owned and state-controlled enterprises reached 6,198.4 billion yuan, up by 21.8%.

At the end of September, the total volume of finished products for industrial enterprises above designated size was 1,207.9 billion yuan, a rise of 18.8%. Of which, state-owned and sate-controlled enterprises’ finished products stood at 366.7 billion yuan, rose by 10.6%. The total volume of net receivable for industrial enterprises above designated size was 2,576.0 billion yuan, a rise of 16.2%. Of which, state-owned and sate-controlled enterprises’ net receivables stood at 761.9 billion yuan, rose by 3.4%.