China : Industrial profits continue to grow in Jan-Aug

From January to August, the industrial enterprises above designated size (all state-owned enterprises and non-state –owed enterprises with an annual sales income over 5 million yuan, the same as follows) reached 1,562.3 billion yuan, rose 37 percent over the same period of the previous year. The comprehensive industrial benefit index was 206.56, up by 21.57 points, year-on-year.

Of the total, state-owned and state-controlled enterprises achieved 680.7 billion yuan, increased 31.0 percent compared with the last year; that of collective enterprises was 39.3 billion yuan, up by 26.3 percent; that of share-holding enterprises was 839.6 billion yuan, up by 34.5 percent; that of enterprises invested by foreign merchant, or merchants from Hong Kong, Macao, and Taiwan was 418.4 billion yuan, up by 35.4 percent; that of private enterprises was 260 billion yuan, up by 48.5 percent.

Within 39 branches of industry, the profit growth of steel sector and constructions increased 58.9 and 64.0 percent respectively; that of chemical fiber industry rose by 1.2 times; that of chemistry industry, electric power, smelting and pressing industry of nonferrous metal, coal industry, special purpose equipment manufacturing industry, transportation equipment manufacturing, and electric and communication industry respectively increased 52.3, 41.9, 25.9, 41.2, 62.8, 66.5 and 22.5 percent; that of petroleum processing and coking industry transferred a profit of 31.4 billion yuan from a net deficit of 35.6 billion yuan, while that of petroleum and nature gas exploitation decreased 16.2 percent over the same period of the previous year.
 
The total volume of taxes made by industrial enterprises above designated size stood at 1,055.6 billion yuan, a year-on-year increase of 24.4 percent.

The total volume of revenue from principle business made by industrial enterprises above designated size reached 24.5 trillion yuan, with an increase of 27.4 percent over the same period of the previous year.

At the end of August, the total volume of net receivable value for industrial enterprises above designated size was 3,672.6 billion yuan, rose 19.5 percent year-on-year. The total volume of finished products stood at 1,705.9 billion yuan, rose 20.1 percent.
 
National Bureau of Statistics of China