Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

 Search News  Or
China sees widened decline in industrial profit in May

Jun. 29, 2012 (China Knowledge) - The combined profit of industrial enterprises with at least RMB 20 million revenues in China fell 5.3% YoY to RMB 390.9.billion in May this year, according to statistics released by the National Bureau of Statistics.

The decline last month was larger than the 2.2% drop in April.

In the first five months, the industrial profit amounted to RMB 1.84 trillion, down 2.4% YoY.
During the period from January to May, the profits of state-owned enterprises dropped 10.8% YoY to RMB 560.1 billion, while profits of joint-stock companies rose 0.4% YoY to RMB 1.08 trillion during the period. Foreign-funded enterprises reaped RMB 427.2 billion in profits in the period, 13.7% less than that in the same period of last year. Privately-owned companies saw their profits rise 18.1% YoY to RMB 550 billion.
The combined core business revenue of these industrial enterprises reached RMB 34.50 trillion in the first five months, reflecting a YoY growth of 11.9%.
Twenty-six of the 41 industrial sectors saw increase in profits during the period, and 13 industrial sectors saw YoY declines in profit.

The oil and gas industry saw profit rise 4% YoY. The agricultural and sideline foodstuffs processing industry experienced a 16.7% increase in profit, and the heat and power producing and supplying industry recorded a 22.2% growth in profit. The profit of the auto manufacturing sector grew 10.4%.The profit of the chemical raw material and chemical product industry fell 23% YoY. There was a YoY decline of 56.9% in profit of the ferrous metal smelting and processing industry and 2.7% decline in the profit of the general-purpose equipment industry and 16.5% fall in the computer, telecommunication and electronics industry.
The oil processing, coking and nuclear fuel processing industry swung to loss in the period.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved