Profit Realized by Industrial Enterprises Up in September

Posted by Reading Time: 2 minutes

Nov. 2 – According to a report issued by China’s National Bureau of Statistics on October 27, profits realized by industrial enterprises “above a certain scale” in China reached RMB464.3 billion in September, a 7.8 percent year-on-year increase, reversing the downward trend seen over the last five consecutive months.

From April to August this year, profits realized by industrial enterprises above a certain scale experienced a five-month decline, with the year-on-year decrease standing at 2.2 percent, 5.3 percent, 1.7 percent, 5.4 percent and 6.2 percent, respectively. Given the relatively strong economic performance in September, the year-on-year decline for the first nine months of 2012 has been narrowed to 1.8 percent, compared with 3.1 percent in August.

From January to September, profits realized by various types of industrial enterprises reached RMB3.524 trillion, specifically:

  • Profits of state-owned and state-holding enterprises amounted to RMB1.007 trillion, a 11.8 percent year-on-year decline
  • Profits of collectively-owned enterprises achieved RMB55.5 billion, a 7.6 percent year-on-year increase
  • Profits of joint-stock enterprises stood at RMB2.051 trillion, a 0.6 percent year-on-year decline
  • Profits of enterprises invested by foreign investors and investors from Hong Kong, Macau or Taiwan reached RMB809.3 billion, a 11.4 percent year-on-year decline
  • Profits of private enterprises amounted to RMB1.092 trillion, a 15.6 percent year-on-year increase

Among 41 major industrial categories, 26 industries showed year-on-year profit increases while 14 industries experienced downturns, with one industry tipping from profit to loss, specifically:

  • Profits from the agricultural and food products processing industry increased by 15.2 percent
  • Profits from the automobile manufacturing industry increased by 10.8 percent
  • Profit from the electric machinery and equipment manufacturing industry increased by 3.7 percent
  • Profit from the computer, telecommunications and other electronic equipment manufacturing industries increased by 5.7 percent
  • Profits from the production and supply industry of electric power and heating power increased by 44.6 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 18 percent
  • Profit from the ferrous metal smelting and mangling processing industry decreased by 68 percent
  • Profit from the general equipment manufacturing industry decreased by 1.8 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 RMB65.722 trillion, a 10.2 percent year-on-year increase.

Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.

For further details or to contact the firm, please email, visit, or download the company brochure.

Related Reading

Offical Data Issued on Profit Realized by Industrial Enterprises

China Releases Report on Industrial Economic Strength

Official Data Issued on China’s Balance of International Payments