China's Industrial Profit Increases 19.4% from January to August 2013

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Researched by Industrial Info Resources China (Beijing, China)--On September 27, 2013, the National Bureau of Statistics of China announced that from January to August 2013, the total profit of Chinese industrial enterprises with annual sales of more than $3.23 million reached $562.33 billion, an increase of 12.8% over the same period in 2012. Additionally, the profit generated from principal businesses reached $577.43 billion, up 4.9%.

Profits made by state-owned and state-controlled enterprises hit $155.27 billion, an increase of 8%; collective-owned enterprises reached $7.89 billion, a drop of 0.8%; private enterprises gained $177.27 billion, up 16.2%; joint stock enterprises reached $326.7 billion, up 11.1%; and foreign-funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan, achieved $131.72 billion, an increase of 16.2%.

From January to August 2013, the revenue from these designated principal businesses of industrial enterprises reached $10.4 trillion, an increase of 10.9% from 2012.

Among the 41 major industrial sectors, 25 industries with profit generated from principal business saw an increase and 14 industries had a decreased profit from 2012. Mining and washing of coal reached $21.37 billion, a drop of 42.2%; extraction of petroleum and natural gas reached $42.13 billion, a drop of 7.4%; mining of ferrous metal ores reached $8.81 billion, a drop of 4.2%; non-ferrous metal ores reached $6.21 billion, a drop of 12.3%; smelting and pressing of nonferrous metals industry dropped 7.4%; mining and processing of nonmetal ores reached $3.33 billion, a jump of 12.6%; manufacture and processing of ferrous metals reached $10.19 billion, up 69.4%; manufacturing and processing of non-ferrous metals reached $10.49 billion, a drop of 5.7%; manufacturing of general-purpose machinery reached $26.24 billion, up 12.3%; manufacturing of chemical raw materials and chemical products reached $34.92 billion, up 9.2%; manufacturing of special-purpose machinery reached $19.59 billion, up 4.3%; and production and supply of electric power and heat power reached 38.12 billion, up 70.1% from 2012.

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