Industrial Profits Grew 30.1 Percent In the Past Ten Months

From January to October of this year, the total volume of profits made by the industrial enterprises above designated size (all state-owned enterprises and non-state enterprises with an annual sates income over 5 million yuan, same as follows) achieved 1469.7 billion yuan, a year on year rise of 30.1 percent. The comprehensive industrial benefit index of this period hit 187.29, 17.12 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 arrived at 645.5 billion yuan, soared 22.0 percent from the same period last year. The profits gained by collective-owned enterprises was 44.1 billion yuan, rose by 30.8 percent; that of share-holding enterprises gained 789.1 billion yuan, a rise of 31.7 percent; enterprises invested by foreign merchants, or by Hong Kong, Macao and Taiwan-funded enterprises stood at 410.5 billion yuan, a rise of 27.7 percent and that of private enterprises was 220.9 billion yuan, increased 50.1 percent.

Within 39 branches of industry, the growth rate of petroleum & natural gas exploitation went up by 30.4 percent; that of smelting and pressing of nonferrous metals, transportation equipment manufacturing, manufacture of special purpose machinery, electric power industry, electronic communications industry, coal mining industry, chemical industry and fiber industry, steel industry increased 105.5, 50.4, 50.3, 38.0, 29.2, 17.6, 14.6 and 13.5 percent, respectively, while petroleum processing and coking industry had a continuous deficit of 46.2 billion yuan.

The tax contributed by industrial enterprises above designated size amounted to 1086.2 billion yuan, a year on year rise of 23.1 percent. Of the total, 607.2 billion yuan was from state-owned and state-controlled enterprises, a rise of 18.9 percent from the same period a year ago.

The main income of the industrial enterprises above designated size reached 24701.5 billion yuan, 26.1 percent higher than in the same period last year. Of the total, 8104 billion yuan was achieved by state-owned and state-controlled enterprises, a rise of 20.3 percent.

At the end of October, the net receivable for industrial enterprises above designated size amounted to3226.7 billion yuan, a year on year increase of 20.1 percent. Of the total, 802.6 billion yuan was from state-owned and state-controlled enterprises, up by 9.2 percent. The total value of finished products for industrial enterprises was 1463.1 billion yuan, rose by 17.3 percent. Of which, 396.5 billion yuan was contributed by state-owned and state-controlled enterprises, up by 12.9 percent.