Industrial Profits Went Up by 25.5 Percent From January to May

The industrial enterprises above designated size (all state-owned enterprises and non-state enterprises with an annual sates income over 5 million yuan, the same as follows) in the past five months amounted to 629.4 billion yuan, a year-on-year increase of 25.5 percent. The comprehensive industrial benefit index of this period was 178.31, 13.87 points higher from the same period of last year.

The profit of state-owned and state-controlled enterprises in the industrial enterprises that above designated size achieved a total volume of 284.9 billion yuan, up by 15.3 percent, year-on-year; that of collective enterprises was 19.3 billion yuan, a rise of 32.2 percent; that of share-holding enterprises was 341.8 billion yuan, an increase of 28.1 percent; that of enterprises invested by foreign merchants, or by Hong Kong, Macao and Taiwan-funded enterprises reached a volume of 176.9 billion yuan, grew 25.8 percent; that of private enterprises was 88.5 billion yuan, rose 50.5 percent.

Within 39 branches of industry, the profit growth rate of petroleum & nature gas exploitation, smelting & pressing of nonferrous metals, transportation equipment manufacturing, electric power industry, electronic communications industry and coal mining industry respectively rose 52.3, 106.9, 75.7, 43.0, 32.5 and 9.3 percent, year-on-year. The profit of chemical industry, chemical fiber industry grew 5.2 and 13.1 percent, while that of steel industry dropped 37.4 percent; the petroleum processing and coking had a deficit of 21.9 billion yuan.

The total volume of tax made by industrial enterprises above designated size was 504.2 billion yuan, a year-on-year rise of 21.6 percent. Of the total, 292.4 billion yuan was achieved by state-owned and state-controlled enterprises, an increase of 16.9 percent.

The main income of the industrial enterprises above designated size was 11,110 billion yuan, up by 25.8 percent; of which, 3772.8 billion yuan was achieved by state-owned and state-controlled enterprises, up by 19.5 percent.

By the end of May, the total volume of net receivable for industrial enterprises above designated size was 2854.7 billion yuan, a rise of 20.4 percent from the previous year; of which, the total net receivable of the state-owned and state-controlled enterprises was 747.7 billion yuan, increased 7.9 percent. The total volume of finished products for industrial enterprises above designated size reached 1312.1 billion yuan, rose 15.6 percent; of which, 365 billion yuan for the sate-owned and sate-controlled enterprises, a year-on-year rise of 8.3 percent.