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 Home > Industry News > Finance > Text
China 2011 Industrial Profits Went up from January to February
Author:Sino-report    Source:NBS    Number of clicks :     Update time:2011-03-31 15:07
Sino-report Industry news Mar 2011

From January to February, the industrial profits of enterprises above designated size achieved 645.5 billion yuan, a year-on-year increase of 34.3%. The profits of State-owned and State-holding Industrial Enterprises gained 224 billion yuan, up by 25%; that of collective-owned enterprises amounted to 9.9 billion yuan, up by 39.3%; that of Share-holding Corporation Ltd amounted to 357.8 billion yuan, up by 38.6%; that of enterprises with funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises reached 181.3 billion yuan, up by 26%; that of private enterprises gained 162.6 billion yuan, increased 49.7% year-on-year.

Within 39 branches of industrial divisions, the profits of 38 industrial divisions increased year-on-year; that of 1 industrial division declined. Of the total, the profits of oil and natural gas extraction industry, processing of petroleum, coking, processing of nuclear fuel, raw chemical materials and chemical products, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry, transportation equipment manufacturing, communication equipment, computers and other electric equipment production, power and heat production and supply shot up 18.7%, 20.8,%, 75.7%, 26.1%, 16.7%, 19.3%, 33.4% and 13%respectively. The profits of ferrous metals mining and dressing, chemical fiber industry went up 1.1 and 1.3 times.
The main business revenue of enterprises above designated reached 10,697.5 billion yuan, ballooned 31% year-on-year.
By the end of February , the total volume of receivable accounts for industry hit 5,741.8 billion yuan, 23.1% higher over the same period last year. The finished goods funds accounted for 2,264.8 billion yuan, went up 22% year-on-year.
Note: Introduction on sources and coverage of industrial financial data
I Scope of Statistics: enterprises above designated size refers to all industrial enterprises with revenue from principal business over 20 million yuan (the former is 5 million yuan).
II Data Collection & Dissemination: Since 2011, the Financial Report of Enterprises Above Designated Size conducts complete survey by month.( the data on January are not required to report) .The result will be released on 27th the next month.
Explanatory Notes:
Total Profits  refer to the final achievement of production and operation activities of the enterprises, represented by total profits after deducting losses (loss is expressed by the negative figure).
Revenue from Principal Business  refers to the annual accumulation of the corresponding item in the “profit table” of the accountant.
Receivable Accounts refers to the funds received by enterprises from units purchasing goods or receiving labor services through selling goods, products, proving labor services and etc.
Finished Goods refers to manufactured products which are ready for sale by the end of report period
 
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