Profits for China's Industrial Enterprises Up 5.3% in 2012 from Previous Year

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Researched by Industrial Info Resources China (Beijing, China)--In 2012, the industrial profits of enterprises in China with revenues from principal business of more than $3.175 million reached $882.2 billion, which was a 5.3% increase from 2011. Profits in December 2012 reached $142.1 billion, a jump of 17.3% year-over-year, according to an announcement from the National Bureau of Statistics of China on January 27, 2013.

In 2012, the profits of state-owned and state-holding industrial enterprises in China reached $224.81 billion, a drop of 5.1% from 2011; collective-owned enterprises reached $13 billion, an increase of 7.5%; joint-stock enterprises stood at $521.7 billion, an increase of 7.2%; foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved $201.4 billion, a drop of 4.1%; and private enterprises gained $288.45 billion, an increase of 20%.

Within the 41 branches of industrial divisions, the profits of 29 industrial divisions increased from 2011, while the profits of 11 declined, and one turned from loss into profit. The profits in the petroleum and natural gas extraction industry dropped 2.2%; the agro-food processing industry rose 20.6%; the automobile manufacturing industry increased 5.6%; production and supply of electric and heat power expanded 69.1%; raw chemical materials and chemical products went down by 5.9%; ferrous metal mining and processing decreased 37.3%; manufacturing of general equipment was up 4.2%; manufacturing of electrical machinery and equipment increased 2.3%; communication equipment, computers and other electric equipment production went up 7.9%; and industry for the processing of petroleum, coking, and the processing of nuclear fuel turned a profit after a net loss in the same period of the previous year.

The main business revenue of these enterprises reached $14.54 trillion, an increase of 11% year over year, the cost of main business revenue per hundred stood at $84.77, with the margin hit 6.07%.

By the end of December 2012, the total volume of net receivables for industrial enterprises hit $1.3 trillion, an increase of 16.9% year over year. The total value of finished products for industrial enterprises accounted for $479.11 billion, an increase of 7.2% year over year.

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