HOME    NEWS    SPECIAL REPORT    PHOTO    COMMENTARY    VOICE
NEWS > Business
Industrial profit grows 20.1% during Jan.- Nov.
2005-12-22 07:13:46 XinhuaEnglish

BEIJING, Dec. 22(Xinhuanet)-- China's industrial profit grew 20.1 percent in the first 11 months of the year to reach 1.25 trillion yuan(153.9 billion U.S. dollars), show the figures from the National Bureau of Statistics(NBS).

The NBS reported that industrial enterprises, which include all state-owned firms and non-state-owned enterprises with annual sales income of more than 5 million yuan each, suffered losses of 184.4 billion yuan in the January-November period, representing a 58.5 percent year-on-year increase.

State-owned and share-holding enterprises under State control incurred losses totaling 100.9 billion yuan, an increase of 95.8 percent over the corresponding period of 2004, the report stated.

The mining sector took the lead in profit earning among the country's 39 major industries. In the period, profits from coal, oil, ferrous and nonferrous metals, ore mining and nonmetals mineral mining rose by 74.3 percent, 69.2 percent, 37.5 percent, 109.5 percent and 86.7 percent respectively.

Some downstream sectors reported decreased profits in the period. Profits in the transportation equipment, chemical fiber, and building materials sectors fell by 20.2 percent, 29.3 percent and 4.2 percent respectively.

Industrial enterprises in the petroleum refining and coking sectors reported an economic loss of 23.8 billion yuan in the January-November period.

The NBS also said the comprehensive industrial economic efficiency indicators reached 173.61, 10.7 points more than at the same period in 2004. Enditem

MORE NEWS
US commercial crude oil inventories rise  
EU to promote environment friendly vehicles in transport sector  
Foreign banks allowed to operate in Kazakhstan: financial chief  
British organic food rakes in 2 billion dollars a year  
Lenovo hires former Dell exec as new CEO  
China to auction 200,000 tons of sugar to lower prices  
Shell cuts further 10,000 bpd output in Nigeria  
Dutch economy upbeat: report  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsúČor find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright© 2005 SINA.com. All Rights Reserved