China's economic efficiency indicators of the sector of Other Minerals Mining in the first eleven months of 2005, with the value in 100 million yuan:

Items

Value

Growth Rate (%)

Total Assets

6.6

15.3

Total Liabilities

2.9

49.5

Average Balance of Circulating Funds 2.7

14.7

Annual Average Balance of Net Value

of Fixed Assets

3.1

22.3

Sales of Revenue

8.2

56.2

Cost of Sales

6.6

67.9

The industrial statistics include all state-owned enterprises and the non-state-owned ones with annual sales income over 5 million yuan.

Source: the National Bureau of Statistics.

Source: Xinhuaet recognition from domestic investors," said Rao Xinyu, secretary of the board of Air China.

Rao declined to make a forecast on the timetable of the listing. She also refused to say how much capital Air China plans to raise through the listing.

"That's up to government approval procedures and market conditions," Rao said.

But, Air China said the domestic listing will help finance the purchase of 20 Airbus A330-200 aircraft, 15 Boeing 787s and 10 Boeing 737-800s. The aggregate catalogue price of these aircraft is 5.68 billion U.S. dollars. The deals were clinched last year and last month.

"As the country's flagship carrier, Air China has a stronger and more extensive flight network than its peers. When almost all airlines were losing money in the first half of last year, because of surging oil prices, Air China was still profitable," said Guo Dongmou, an aviation analyst at China Merchants Securities.

Air China was listed in Hong Kong at the end of 2004.

Source: Xinhua