Home China News Economy Industrial Profits Kept Dipping in the First Half Year
Industrial Profits Kept Dipping in the First Half Year PDF Print E-mail

Tuesday, 28 July 2009

Results from 22 regions that accounted for nearly 80% of the country's total industrial revenue or profit showed that industrial profits totaled 894.14 billion yuan in the first half year, down 21.2 percent year-on-year, according to the National Statistical Bureau.

Among 39 industrial sectors, 27 experienced upward profit trend or reduced loss. The non-ferrous metal smelting and rolling processing industry realized profit of 13.91 billion yuan.  The oil processing and coking industry reaped 41.14 billion yuan.  The electric power industry gained 7.7 billion yuan. Profit growth for special equipment manufacturing industry boomed 4.4 percent year-on-year; However, profit from the iron and steel industry dived 85.0 percent year on year.

Main business revenue in the 22 regions reached 17,971.9 billion yuan in the first half year.

By the end of June, net accounts receivables hit 3306.61 billion yuan, climbed 9.1 percent year-on-year. The finished goods accounted for 1616.49 billion yuan, up 2.8 percent year-on-year.

 
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