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Beijing's industrial profit down 14.2% in Apr

Jun. 4, 2012 (China Knowledge) - The industrial enterprises each with annual core business revenue of at least RMB 20 billion in Beijing recorded a combined profit of RMB 6.5 billion in April this year, reflecting a decrease of 14.2% YoY, according to the latest statistics from the Beijing Statistics Bureau.

The decline was larger than the 6.7% drop in the first four months.
From January to April, these industrial enterprises their profit amount to RMB 28.18 billion.

The industrial enterprises realized a total of RMB 476.29 billion in core business revenue in the four-month period, up 0.1% YoY.
Nineteen of the 39 industrial sectors saw profit drops in the first four months. The auto manufacturing sector saw a 3.2% decline in profit, which stood at RMB 5.85 billion. The profit of the general purpose equipment sector plunged 47.6% YoY to RMB 1.13 billion, and that of the special-purpose equipment sector fell 11.9% to RMB 1.17 billion.

The pharmaceutical industry saw its profit grow 19.7% to RMB 2.51 billion, and the power and heat production and supply industry realized RMB 9.81 billion in profit, 52.3% more than in the same period of 2011.

The telecom equipment, computer and electronics industry suffered a loss of RMB 370 million in the period.

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