Official Data Issued on Profits Realized by Industrial Enterprises

October 5, 2012 Posted by China Briefing Reading Time: 2 minutes

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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