Economic Benefits of Industrial Enterprises Getting Better

From January to October, the economic benefits of industrial enterprises had been keeping up and up, the profit growth of enterprise was quickened, the deficit of unprofitable enterprises was reduced and profits realized by state-owned and state-owned proprietary enterprises were being enhanced steadily. Among 40 industries, 37 increased profits or reduced deficit, one more than the last month.

The general level of economic benefits was being promoted. From January to October, the aggregative index number of industrial enterprise economic benefits was 127.3, a rise of 6.4 points as compared with the same period last year and a rise of 1.0 point as compared with the period from January to September.

The product sales income growth was being quickened. From January to October, a product sales income of RMB 8603 billions Yuan was realized by industrial enterprises, a rise of 15.7% as compared with the same period last year, and the growth rate was 0.8% higher than that from January to September. The finished goods capital of enterprises was RMB 738.6 billions Yuan by the end of October, a rise of 2.2% as compared with the same period last year. Of which the finished goods of state-owned or state-owned proprietary enterprises dropped by 2.8% as compared with the same period last year.

Enterprises quickened their steps of making profits, and profits of state-owned and state-owned proprietary enterprises were being promoted steadily. From January to October, a gross profit of RMB 437.4 billions Yuan was realized by industrial enterprises after profit-loss balancing, a rise of 16.3% as compared with the same period last year, and the growth rate was 2.7% more than that from January to September. Of which, a profit of RMB 205.6 billions Yuan was realized by state-owned and state-owned proprietary industrial enterprises after profit-loss balancing, a rise of 6 % as compared with the same period last year, and the growth rate was 5.1% higher than that from January to September.

Of which, transport and communication facilities manufacturing industry contributed the most to the profits growth. From January to October, transport and communication facilities manufacturing industry realized a profit of RMB 35.2 billions, a growth of 64.6% as compared with the same period last year with 13.8 billions being newly added, which contributed 22.5% to the profit growth of all industrial enterprises; coal mining and cleaning industry realized a profit of 6.9 billions, a growth of 170% as compared with the same period last year; furthermore the profits realized in chemical industry, standard machinery manufacture, papermaking, chemical fiber and rubber products grew by 50% to 60% as compared with the same period last year.

The gross amount of taxes on enterprises grew fast. From January to October, the accumulative total tax amount of industrial enterprises was RMB 490.1 billions, a rise of 11.5% as compared with the same period last year. Of which, the gross amount of taxes on state-owned and state-owned proprietary enterprises was 329.7 billions, a rise of 10.6% as compared with the same period last year.

The deficit of unprofitable enterprises kept on dropping. From January to October, the deficit of unprofitable enterprises was 96.1 billions, a drop of 4.4% as compared with the same period last year and the dropping rate was 2.3% more than that from January to September. Of which, the deficit of state-owned and state-owned unprofitable enterprises was 57.8 billions, a drop of 8.7% as compared with the same period last year and the dropping rate was 2.5% higher than that from January to September.

The growth rate of receivable accounts of enterprise is somewhat promoted. By the end of October, the net account receivable of enterprises was 1587.3 billions, a rise of 4.4% as compared with the same period last year. Of which, that of state-owned and state-owned proprietary enterprises was 764.4 billions, a drop of 4.7% as compared with the same period last year.