Industrial Profit Up by 39.7% during January-July

An Industrial Profit of RMB 608.5 Billion Yuan Realized during January-July, Up by 39.7% as Compared with the Same Period of the Previous Year

During January-July, the industrial enterprises above designated size (the state-owned enterprises and those non state-owned enterprises with an annual sales income of more than 5 million yuan) realized a profit of 608.5 billion yuan, up by 39.7% as compared with the same period of the previous year. During January-July, the composite index of industrial economy efficiency was 160.23, up by 14.96 points over the same period of the previous year.

Of the profits realized by industrial enterprises above designated size, that realized by state-owned and state-holding enterprises was 305.2 billion yuan, up by 40.9% over the same period of the previous year; that realized by collective enterprises was 26.3 billion yuan, up by 29.9%; that realized by corporate enterprises was 286.9 billion yuan, up by 36.8%; that realized by enterprises invested by foreigners or investors from Hong Kong, Macao and Taiwan was 192.2 billion yuan, up by 33.7%; and that realized by private enterprises was 58.5 billion yuan, up by 46.3%.

During January-July, of the 39 industry categories, the profit of the oil production industry was climbing, and the growth rate of building materials, non-ferrous metal, iron and steel, etc was somewhat slowed down. During January-July, the oil productionindustry realized a profit of 92.8 billion yuan, up by 17.5% over the same period of the previous year, and the growth rate was up by 4.3% over the previous half year; the building material industry realized a profit of 20.8 billion yuan, upby 111.6%, and the growth rate dropped by 22.5%; the non-ferrous metal industry realized a profit of 15.4 billion yuan, up by 91.5%, and the growth rate dropped by 14.1%; and the iron and steel industry realized a profit of 53.4 billion yuan, up by 71.2% and the growth rate dropped by 9.2%.

During January-July, the deficit of money-losing enterprises in industrial enterprises above designated size was 76.2 billion yuan, up by 7.4% over the same period of the previous year. The deficit in July was 12.3 billion yuan, up by 3.9 billion yuan over June. During January-July, the deficit of money-losing enterprises among state-owned and state-holding enterprises was 36.8 billion yuan, down by 4.6% over the same period of the previous year.

During January-July, the total taxes of industrial enterprises above designated size were 483.6 billion yuan, up by 22% over the same period of the previous year. Of this total, that of state-owned and state-holding enterprises was 305 billion yuan, up by 18.9%.

By the end of July, the capital of finished goods of industrial enterprises above designated size was 961.1 billion yuan, up by 19.8% over the same period of the previous year and the growth rate was up by 8.6% as compared with the same period of the previous year. Of this total, the capital of finished goods of state-owned and state-holding enterprises was 335.4 billion yuan, up by 13.4%, and the growth rate was up by 8.6% over the same period of the previous year. The net amount of accounts receivable of the industry was 2055.3 billion yuan, up by 7.1% over the same period of the previous year and the growth rate was 18.8%. Of this total, the net amount of accounts receivable of state-owned and state-holding enterprises was 744.8 billion yuan, up by 5.9%.