The profit of China industrial enterprises declined in the first seven months
Post Date: 01 Sep 2011 Viewed: 551
Posted by state statistics bureau on July 27, the industrial enterprises profits across the country realized 280.04 billion Yuan, an increase of 28.3%, decreasing 0.4 percentage compared with that from January to Jun. The year-on-year growth rate of industrial enterprises profits across the country is declining from month to month, just appearing one rebound in Jun. Experts pointed that the industrial producing of China will be fluctuant in a short run and for solutions structure adjustment policy is needed.
Through the comparison, it can be found that the reason resource for the declining profits of industrial enterprises were the slow of the collective enterprises’ profit growth rate. In the industry across the country from January to July, the realizing profit of the collective enterprises increased by 30.6%, a decline of 3.2 percantage compared with that from January to Jun. In addition, it has presented the slow of the year-on-year growth rate in corporate enterprise, foreign distributor and the investment enterprises from Hong Kong, Taiwan, and Macau, and the private enterprises on some different extents, but it realized speeding up of the profits in the state-own enterprises and enterprises controlled by state.
What mirrors with the slow of profit growth rate is that the year-on-year increase of the growth rate in debt receivable and the capital of product cost. By the end of July, the debt receivable of the enterprises increased by 21.8% and the capital of the product cost increased by 22.5%, respectively, up 0.6 and 0.8 compared with that in the end of Jun.