Official Data Issued on Profits Realized by Industrial Enterprises

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Oct. 5 – According to a recent report issued by China’s National Bureau of Statistics, from January 2012 to August 2012, profits realized by industrial enterprises “above a certain scale” in China reached RMB3.0597 trillion, a 3.1 percent year-on-year decline. Profits of industrial enterprises above a certain scale in August stood at RMB381.2 billion, a 6.2 percent year-on-year decrease.

From January to August, profits realized by various types of industrial enterprises above a certain scale were reported as below:

  • Profits of state-owned and state-holding enterprises amounted to RMB8.839 billion, a 12.7 percent year-on-year decline
  • Profits of collectively-owned enterprises achieved RMB48.5 billion, a 7 percent year-on-year increase
  • Profits of joint-stock enterprises stood at RMB1.7814 trillion, a 1.9 percent year-on-year decline
  • Profits of enterprises invested by foreign investors and investors from Hong Kong, Macau or Taiwan reached RMB703.4 billion, a 12.7 percent year-on-year decline
  • Profits of private enterprises amounted to RMB945.4billion, a 15.1 percent year-on-year increase

Among 41 major industrial categories, 24 industries showed year-on-year profit increases while 12 industries experienced downturns, with one industry tipping from profit to loss, specifically:

  • Profits from the agricultural and food products processing industry increased by 16.2 percent
  • Profits from the automobile manufacturing industry increased by 10.8 percent
  • Profit from the electric machinery and equipment manufacturing industry increased by 1.4 percent
  • Profits from the production and supply industry of electric power and heating power increased by 36.5 percent
  • Profits from the petroleum and natural gas exploitation industry decreased by 3.5 percent
  • Profit from the chemical materials and chemical products manufacturing industry decreased by 20.2 percent
  • Profit from the ferrous metal smelting and mangling processing industry decreased by 67.4 percent
  • Profit from the general equipment manufacturing industry decreased by 2 percent
  • Profit from the computer, telecommunications and other electronic equipment manufacturing industries decreased by 2.9 percent
  • The petroleum processing industry, coking and nuclear fuel industry switched from profit to loss

Moreover, the main business revenues of industrial enterprises above a certain scale reached RMB57.6398 trillion, a 10.2 percent year-on-year increase.

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