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

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