The major industrial enterprises recorded 626.6 billion yuan of profits in the first half of this year, or up 19.1 per cent over the same period of last year, according to statistics released by the National Bureau of Statistics on July 25. The composite index of industrial economic performance was 169.94, up by 9.78 points over the same period last year.

In the first half of this year, the profits made by coal, petroleum, ferrous metal mining, non-ferrous metal mining and non-metal mining industries were up 85.6, 73.7, 50.6, 145.5 and 61.9 percent respectively over the same period of last year and those by iron and steel industries increased 36.1 per cent. The profits for the industries involving chemical fiber, traffic transportation and equipment manufacture, building materials, power and electronic telecommunications were down 43, 41.5, 21.9, 6.1 and 5.5 per cent respectively. Petroleum processing and coking industry had net losses of 4.2 billion yuan.

The five industries with the most added profits included petroleum exploitation, iron and steel, coal, chemicals and non-ferrous mining industries. The losses of the major enterprises running in the red were 107.5 bullion yuan, increasing by 59.3 per cent year on year. Among them, the losses of state-owned industrial enterprises and enterprises whose controlling stake were owned by the state were 54.3 billion yuan, up by 84.4 per cent.

From January to June, the accumulated taxes of major industrial enterprises were 499.3 billion yuan, up 20.5 percent year on year. Among them, an increase of 304 billion yuan was made by state-owned industrial enterprises and enterprises whose controlling stake were owned by the state, growing by 17.3 per cent. The total product sales income of major industrial enterprises was 10.9 trillion yuan, up 27.5 per cent year on year. Of them, 4.0063 trillion yuan were made by state-owned industrial enterprises and enterprises whose controlling stake were owned by the state, up 21.3 percent.

By People's Daily Online