Industrial Profits Grew 43.8 Percent in the First Two Months

From January to February, the total volume of profits made by industrial enterprises above designated size (all state-owned enterprises and non-state enterprises with an annual sales income over 5 million yuan, same as follows) achieved 293.2 billion yuan, a year on year rise of 43.8 percent. The comprehensive industrial benefit index of this period hit 186.51, 20.65 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 139 billion yuan, soared 49.3 percent from the same period last year. The profits gained by collective-owned enterprises was 7.1 billion yuan, rose by 36 percent; that of share-holding enterprises gained 154.6 billion yuan, a rise of 41.8 percent; that of enterprises invested by foreign merchants, or by Hong Kong, Macao and Taiwan-funded enterprises stood at 79.8 billion yuan, a rise of 35.7 percent and that of private enterprises was 40.7 billion yuan, increased 51.4 percent.

Within 39 branches of industry, the growth rate of steel industry increased 3.6 times year-on-year; that of manufacture of non-metallic mineral products rose by 1.2 times; that of chemical fibers industry up by 2.2 times; that of manufacture of raw chemical materials and chemical products, electric power industry, coal mining industry, manufacture of special purpose machinery, transport equipment manufacturing, smelting and pressing of nonferrous metals increased 80.1, 66.7, 57.3, 76.7, 68.4 and 31 percent respectively, year-on-year. Of which, processing of petroleum and coking industry turned to get profits of 14.8 billion yuan from net loss of 4.6 billion yuan of last year. The profits of petroleum and natural gas exploitation declined by 18.6 percent, and that of electronic communication equipment industry decreased 14.2 percent.

The total volume of tax contributed by industrial enterprises above designated size amounted to 238.1 billion yuan, a year on year rise of 24.9 percent.

The main income for industrial enterprises above designated size reached 4,876.4 billion yuan, 27.7 percent higher than in the same period last year.

At the end of February, the total volume of net receivable for industrial enterprises above designated size amounted to 3,065 billion yuan, a year on year increase of 18.9 percent. The total value of finished products for industrial enterprises was 1,415.6 billion yuan, rose by 18.4 percent.