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Industrial profit shot up from January to November
01
Jan '08
From January to November, the industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual sales over 5 million yuan, same as follow) reached 2,295.1 billion yuan, rose by 36.7 percent over the same period of the previous year. The comprehensive industrial benefit index of this period was 209.92, a year-on-year increase of 21.6 points.

Among the industrial enterprises that above designated size, the profits made by state-owned and state-controlled enterprises achieved 966.2 billion yuan, increased 29.6 percent year-on-year; that of collective-owned enterprises was 56.6 billion yuan, up by 25.2 percent; that of share-holding enterprises gained 1,220.9 billion yuan, up by 35.1 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 612.6 billion yuan, increased 34.3 percent; and that of private enterprises reached 400 billion yuan, rose by 50.9 percent.

Within 39 branches of industry, the profits of steel industry rose by 47.2 times as much as the same period of last year; that of architectural materials industry, manufacture of chemical fibers industry and chemical industry respectively increased 63.1, 109.3 and 51.5 percent; Whereas processing of petroleum turned to get profits of 23 billion yuan from net loss of 41.7 billion yuan of last year. While the profit of petroleum and natural gas exploitation declined by 7.6 percent over the same period of last year.


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Courtesy: Business wire

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