Industrial Actual Profits in the First Eight Months

of This year Rose 38.5% Year on Year.

From the Jan. to the Aug. of this year, the actual profits of industrial enterprises above designated size(referring to all the state-owned, and non state-owned ones with the annual sales revenue of over 5 million yuan, it¡¯s the same with the following) reached 704.5 billion yuan, a year-on-year rise of 38.5%. In the first eight months, the industrial economic benefit composite index registered 160.59, up by 14.8 points over the same period of last year.

In the first eight months of this year, among the industrial enterprises above designated size, the actual profits from the state-owned and state share-holding enterprises was 351.3 billion yuan, a year-on-year rise of 40%; that of collective-owned enterprises was 30.7 billion yuan, up 30.9%; that of share enterprises was 332.1 billion yuan, up 36.2%; that of the enterprises funded by foreign, Hongkong, Macao and Taiwan investors was 221.9 billion yuan, up 31.2%; that of the private enterprises was 68.1 billion yuan, up 44.3%.

In the first eight months of this year, among 39 major industries, the profits from the petroleum extraction continued to climb, those of steel, non-ferrous metals and construction materials went on declining. The actual profits of petroleum and natural gas extraction reached 109.3 billion yuan, a year-on-year rise of 22.6% which was 5.1 percentage points higher than the rise of the first seven months of this year; that of steel industry was 61 billion yuan, up 61.9% which was down by 9.3 percentage points; that of non-ferrous metals was 17.2 billion yuan, up 83.5% which was 8 percentage points lower; that of construction materials was 23.7 billion yuan, up 88.9% which was 22.7 percentage points lower in the rise.

In the first eight months of this year, the losses of the loss-making enterprises above designated size was 85.3 billion yuan, a year-on-year rise of 8.7%. Especially, the losses from the state-owned and state share-holding enterprises was 41.7 billion yuan, a year-on-year decline of 2.4%.

From the Jan. to Aug. of this year, the taxes from the industrial enterprises above designated size reached 556.8 billion yuan, a year-on-year rise of 21.8%. Especially, the taxes from the state-owned and state share-holding enterprises was 349.3 billion yuan, up 18.9%.

From the Jan. to Aug. of this year, the sales revenue of products by the industrial enterprises above designated size reached  11521.4 billion yuan, a year-on-year rise of 32.6%, of which, that from the state-owned and state share-holding enterprises was 4461.6 billion yuan, up 26.1%.

At the end of this August, the funds for the finished goods of the industrial enterprises above designated size reached 977.2 billion yuan, a year-on-year rise of 20.5%, of which, that of the state-owned and state share-holding enterprises was 339.8 billion yuan, up 15.2%. The net receivables was 2082.3 billion yuan, a year-on-year rise of 16.6%, especially, that of the state-owned and state share-holding enterprises reached 737.5 billion yuan, up 2.4%.

At the end of this August, the funds for finished goods and the net receivables accounted of the industrial enterprises above designated size for 36.8% of the flowing assets, up by 0.1 percentage point over the end of this July.