Industrial Profits Grew Rapidly in the First Half Year

In the first half year of 2006, the industrial enterprises that above designated size (all state-owned enterprises and non-state enterprises with an annual sates income over 5 million yuan, the same as follows) achieved 810.7 billion yuan, a year-on-year rise of 28.0 percent. The comprehensive industrial benefit index of this period hit 182.75, 15.66 points higher from the same period a year ago.

The profit of state-owned and state-controlled enterprises in the industrial enterprises that above designated size achieved an amount of 364.2 billion yuan, increased 18.6 percent from the same period last year; that of collective enterprises gained 24.6 billion yuan, rose 33.4 percent; that of share-holding enterprises gained 440.6 billion yuan, rose 30.5 percent; that of enterprises invested by foreign merchants, or by Hong Kong, Macao and Taiwan-funded enterprises stood at 224.1 billion yuan, increased 26.6 percent; and that of private enterprises was 118.2 billion yuan, rose 52.9 percent.

Within 39 branches of industry, the growth rate of petroleum & natural gas exploitation was 48.9 percent, year-on-year; that of smelting & pressing of nonferrous metals, transportation equipment manufacturing, electric power industry, electronic communications industry and coal mining industry increased a lot, which respectively rose 99.3, 61.1, 37.5, 26.6 and 13.3 percent; that of chemical industry, fiber industry rose 13.7 and 51.5 percent; while the profit of steel industry decreased 20.0 percent, and petroleum processing and coking industry had a deficit of 27.7 billion yuan.

The tax contributed by industrial enterprises above designated size amounted to 625.1 billion yuan, a year-on-year rise of 23.3 percent. Of the total, 355.3 billion yuan was from state-owned and state-controlled enterprises, rose 18.3 percent over the same period a year ago.

The main income of the industrial enterprises above designated size reached 13,900 billion yuan, 26.8 percent higher than in the same period last year. Of the total, 4648.6 billion yuan was achieved by state-owned and state-controlled enterprises, a rise of 20.2 percent.

By the end of June, the net receivable for industrial enterprises above designated size amounted to 2920.7 billion yuan, a year-on-year increase of 19.9 percent. Of which, 754.7 billion yuan for state-owned and state-controlled enterprises, a rise of 8.1 percent. The total volume of finished products for industrial enterprises above designated size reached 1345.6 billion yuan, rose 16.0 percent. Of which, 369.8 billion yuan for state-owned and state-controlled enterprises, rose 10.5 percent, year-on-year.