The Industry Economic Benefits Greatly Promoted

The industry economic benefits were greatly promoted in the first two months of this year and the profit was doubled.

I. The overall level of economic benefits was greatly promoted. In January and February, the aggregative index number of industry economic benefits was 130.2, up by 21.8 points over the same period of previous year.

II. The product sales income enjoyed a swift growth. In January and February, a product sales income of RMB 1760.25 billions Yuan was realized by industrial enterprises, up by 31.1% over the same period of previous year, and the growth rate was 20.8% more than that in the same period of previous year. By the end of February, the finished goods capital of industrial enterprises was RMB 711.68 billions yuan, up by 7.6% over the same period of previous year, and the growth rate was up by 3.9% over the same period of previous year. Wherein, that of state-owned and state-owned proprietary enterprises was RMB 296.22 billions, up by 1.5% over the same period of previous year.

III. The profits of enterprises were doubled. In January and February, industrial enterprises realized a gross profit of RMB 98 billions after balance of profit and loss, up by 1.2 times over the same period of previous year, and the net profit added was RMB 52.47 billions yuan. Wherein, that of state-owned and state-owned proprietary enterprises was RMB 55 billions yuan, up by two times over the same period of previous year.

IV. The general revenue of enterprises grew fast. In January and February, the accumulative total revenue of industrial enterprises was RMB 107.03 billions yuan, up by 19.3% over the same period of previous year, and the growth rate was promoted by 10.3% over the same period of previous year. Wherein, that of state-owned and state-owned proprietary industrial enterprises was RMB 75.26 billions yuan, up by 19.1% over the same period of previous year, and the growth rate was up by 9.7% over the same period of previous year.

V. The profits of most industries were markedly increased. In January and February, among 39 primary industry categories (new classification of national economy industries), the profit of 37 increased over the same period of previous year, and the deficit of two deficit industries also suffered comparatively minor losses. In the first two months this year, the oil and natural gas exploitation industry realized a profit of RMB 24.17 billions yuan due to the ascending price of oil recently, which was doubled over the same period of previous year, the newly-added profit was RMB 16.09 billions yuan, 30.7% of the total newly-added profit of the whole industry. The newly-added profit of transport and communication facilities manufacturing industry was RMB 6.57 billions yuan, that of the ferrous metal smelting and extrusion was RMB 4.84 billions yuan. In addition industries that enjoyed a fast growing profit include: petroleum processing, and coking and nuclear fuel manufacturing, whose newly-added profit was RMB 4.14 billions yuan; chemical feedstock and chemical manufacturing industry, whose newly-added profit was RMB 4.14 billions yuan. The newly-added profit of above five industries was RMB 35.78 billions yuan, 68.2% of the total newly-added profit of the whole industry.

VI. The deficit of unprofitable enterprises dropped sharply. In January and February, the deficit of unprofitable firms was RMB 26.67 billions yuan, down by 16.4% over the same period of previous year. Wherein, that of state-owned and state-owned proprietary unprofitable enterprises was RMB 14.66 billions yuan, down by 26.2% over the same period of previous year.

VII. The accounts receivable of enterprises were somewhat increased. By the end of February, the net amount of accounts receivable of industrial enterprises was RMB 1521.58 billions Yuan, up by 8.2% over the same period of previous year, and the growth rate was up by 6.5% over the same period of previous year. Wherein, that of state-owned and state-owned proprietary industrial enterprises was RMB 702.08 billions yuan, down by 2.6% over the same period of previous year, and decreasing rate was dropped by 3% over the same period of previous year.