Profit Realized by Industrial Enterprises Up in September

November 2, 2012 Posted by China Briefing 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.

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