Industrial Profits Rose by 21.3 Percent in the First Quarter

The industrial profits of enterprises above designated size (all state-owned enterprises and non-state enterprises with an annual income over 5 million yuan, the same as follows ) in the first quarter was 336.3 billion yuan, up by 21.3 percent compared with the same period of the previous year. the comprehensive industrial benefit Index of the first quarter was 171.32, increased 8.63 points year-on-year.

The profit of state-owned and state-controlled enterprises in the industrial enterprises that above designated size, achieved a total volume of 158.4 billion yuan, grew by 9.2 percent; that of collective enterprises was 10 billion yuan, an increase of 32.6 percent; that of share-holding enterprises was 183.4 billion yuan, an increase of 22.4 percent; that of enterprises invested by foreign merchants, or merchants from Hong Kong, Macao and Taiwan reached a volume of 96.4million yuan, a rise of 226.9 percent; and that of private enterprises was 43.9 billion yuan, increased by 48.5 percent compared with the same period of the previous year.

Within 39 branches of industry, the growth rate of petroleum and nature gas exploitation, smelting and pressing of nonferrous metals, transportation equipment manufacturing, power industry, electronic communications industry and coal mining industry rose by 64.5, 96.5 , 87.7 , 53.3 ,46.7 and 6.2 percent respectively; the profit of steel industry, chemical industry, chemical fiber industry correspondingly dropped 63.3, 6.9 and 20.5 percent; petroleum processing and coking had a deficit of 9.8 billion yuan, year-on-year..

The total volume of taxes made by industrial enterprises above designated size was 300.2 billion yuan, an increase of 19.7 over the same period of the previous year, of the total, 1,735 billion yuan was achieved by state-owned and state-controlled enterprises rose by 15.4 percent.

The main income of the industrial enterprises above designated size was 6182.4 billion yuan, rose by 25.3 percent, of which, 2155.9 billion yuan was achieved by state-owned and state-controlled enterprises, up by 18.0 percent.

At the end of March, the total volume of net receivable for industrial enterprises above designated size 2688.8 billion yuan, up by 20.7 percent over the same period of the previous year. of which, net receivable of the state-owned and state-controlled enterprises was 735.2 billion yuan, an increase of 9.5 percent. the total volume of finished products for industrial enterprises above designated size reached 1259.4 billion yuan, increased 17.7 percent, of which, 3,542 billion yuan for the sate-owned and sate-controlled enterprises, a rise of 7.8 percent, year-on-year.