Industrial Economic Benefit in the First Eight Months

Maintained the Higher Level Continuously

From Jan. to Aug. of this year, the economic benefit of the industrial enterprises above designated size presented the higher level, but the funds for finished goods and receivables still climbed.

First of all, the general economic benefit level continued to surge up. In the first eight months, the general index of the industrial economic benefit was 141.3, up by 15.4 points year on year. Compared with the same period of last year, among the main economic benefit indicators, the returns on total assets was up by 1.51 percentage points, the year-on-year ratio of equity values was up by 2.01 percentage points, the turnover rate of current assets climbed by 0.2 time, the ratio of profit to cost and fees was up 1.06 percentage point, the proportion of sold products climbed by 0.17 percentage point.

Secondly, the sales revenue of products grew rapidly. In the first eight months, the sales revenue of industrial enterprises reached 8571.52 billion yuan, a year-on-year rise of 27.7% which was 13.6 percentage points higher in the rise year on year. At the end of August, the fund for finished goods of industrial enterprises was 815.49 billion yuan, a year-on-year rise of 11.4% which was 8.5 percentage points higher over the end of last August. Especially, the funds for finished goods from the state-owned and state share-holding enterprises was up 5.3% year on year.

Thirdly, the actual profits from enterprises increased quickly. In the first eight months, the net profits from industrial enterprises totaled 501.53 billion yuan, a year-on-year rise of 52.3%, of which, the net profits from the state-owned and state share-holding enterprises topped 253.75 billion yuan, a year-on-year rise of 66.6%.

Fourthly, the taxes turned in by enterprises rose rapidly. In the first eight months, the accumulated taxes from industrial enterprises totaled 454.35 billion yuan, a year-on-year rise of 19% which was 9.4 percentage points higher over the same period of last year, of which, that from the state-owned and state share-holding enterprises was 299.42 billion yuan, a year-on-year rise of 17.5%.

Fifthly, the profits of most industries continued to increase. In the first eight months, among the 39 major industries, there 38 industries the profits of which were higher over the same period of last year. The industries with more increased profits were the following: petroleum and natural gas extraction(a rise of 35.64 billion yuan), transport equipment manufacturing(a rise of 24.69 billion yuan), smelting and dressing of ferrous metals(a rise of 20.32 billion yuan), chemical materials and chemical products(a rise of 12.14 billion yuan), the production and supply of electricity and thermal power(a rise of 9.43 billion yuan). The added profits of the above-mentioned industries totaled 102.21 billion yuan, accounting for 59.4% of the added profits of all the industries.

Sixthly, the losses of loss-making enterprises dropped continuously. In the first eight months, the losses of loss-making enterprises totaled 79.12 billion yuan, a year-on-year decline of 5.3% which was 1.1 percentage points more over the first seven months, of which, the losses from the state-owned and state share-holding enterprises was 45.78 billion yuan, a year-on-year decline of 6% that was 1.8 percentage points higher over the first seven months.

Seventhly, the receivables of enterprises continued to rise. At the end of August, the net receivables of industrial enterprise reached 1766.14 billion yuan, a year-on-year rise of 13% which was 1.3 percentage points more over the end of this July. Specifically speaking, the receivables of the state-owned and state share-holding enterprises was up 3.5% which was 1.7 percentage points higher over the end of this July.