Industrial Profit Shot up From January to February

From January to February, the total volume of profits made by the industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual sales over 5 million yuan, same as follow) reached 348.2 billion yuan, rose by 16.5 percent over the same period of the previous year.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 140.5 billion yuan, decreased 29.6 percent year-on-year; that of collective-owned enterprises was 8.8 billion yuan, up by 35.0 percent; that of share-holding enterprises gained 1.8 billion yuan, up by 18.1 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 99.3 billion yuan, increased 22.5 percent; and that of private enterprises reached 63.6 billion yuan, rose by 52.1 percent.

Within 39 branches of industry, the profits of extraction of petroleum and natural gas up by 61.2 percent, that of coal mining industry, steel industry, chemical industry, smelting and pressing of nonferrous metals industry, architectural materials industry, manufacture of special purpose machinery industry, manufacture of transport equipment, manufacture of electronic communication equipment grew by 66.8, 12.2, 15.9, 1.6, 53.5, 35.9, 42.6 and 37.7 percent respectively, year on year. While the profits of electric power industry, manufacture of chemical fibers declined 61.0 and 0.2 percent respectively, processing of petroleum and coking industry turned to get net loss of 20.6 billion yuan from profits gains of 15.6 billion yuan from of last year.

The total volume of tax contributed by industrial enterprises above designated size was 298.8 billion yuan, a year-on-year increase of 24.8 percent.

The main income for industrial enterprises above designated size reached 6,254.7 billion yuan, increased 27.4 percent over the same period of the previous year.

By the end of February, the total volume of net receivable for industrial enterprises above designated size amounted to 3,631.6 billion yuan, a year-on-year increase of 17.2 percent. The total value of finished products for industrial enterprises was 1,743.5 billion yuan, rose by 21.2 percent.