Industrial Profits up by 38.8 percent from Jan. to Nov.

From January to November, 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 1018.8 billion yuan, up by 38.8 per cent compared with the same period of the previouse year. Comprehensive Industrial Benefit Index during the same period was 163.1, increased 15.51 percentage points compared with the same period of the previous year (same as follow, if not specifically mentioned).

Of the total, the state-owned and state-controlled enterprises achieved a total voulume of profits of 494.5 billion yuan, up by 43.9 per cent; that of the collective enterprises was 44.6 billion yuan , up by 29.4 per cent. Profits earned by share-holding enterprise reached 490.2 billion yuan, up by 41.1 per cent; that of foreign invested enterprises and enterprises invested by compatriots from Hong Kong, Macao and Taiwan stood at 309.8 billion yuan, up by 25 per cent; private enterprises was 105.9 billion yuan, up by 41.3 per cent.

Within 39 branches of industry, petroleum and natural gas exploitation sector achieved a profits of 166.3 billion yuan, up by 43.7 per cent steel, 91.1 billion yuan, up by 66.3 per cent; construction, 34.5 billion yuan, up by 48.7 per cent; nonferrous metals, .24,6 billion yuan, increased 71 per cent. The increased profits of the following branches accounted for 56.7 per cent of the total increase of profits by the industrial sector: petroleum exploitation, steel, chemical industry, electron and communication, and coal.

The total volume of deficits made by industrial enterprises above designated size stood at 109.4 billion yuan, up by 9.1 per cent. Of the total, state-owned and state-controlled enterprises' deficits stood at 56.1 billion yuan, up by 1.8 per cent.

The total volume of taxes made by industrial enterprises above designated size stood at 795.9 billion yuan, up by 22 per cent. Of the total, state-owned and state-controlled enterprises' taxes stood at 490.3 billion yuan, up by 19 per cent.

The total volume of sales income made by industrial enterprises above designated size stood at 16,720.0 billion yuan, up by 32.2 per cent. Of the total, state-owned and state-controlled enterprises stood at 6,375.9 billion yuan, up by 26.7 per cent.

The total volume of net receivables for industrial enterprises above designated size was 2,237.1 billion yuan at the end of November, up by 16.8 per cent. Of the total, state-owned and state-controlled enterprises net receivables stood at 757.3 billion yuan, up by 23 per cent. The total value of finished products for industrial enterprises above designated size was 1,034.2 billion yuan during the year, up by 23 per cent. Of the total, state-owned and state-controlled enterprises took a share of 358.7 billion yuan, up by 17.8 per cent.