China's November industrial profits down 4.2 percent

Source: Xinhua | December 27, 2014, Saturday |

Online Edition

PROFITS of Chinese industrial businesses hit 676.12 billion yuan (US$110.84 billion) in November, down 4.2 percent year on year, the National Bureau of Statistics (NBS) said on Saturday.

Profits dropped 2.1 percent in October, rose 0.4 percent in September, decreased 0.6 percent in August and gained 13.5 percent in July year on year.

The total profits of industrial companies during the January-November period reached 5.62 trillion yuan, up 5.3 percent year on year. However, growth decelerated by 1.4 percentage points from the January-October period.

During the 11 months, 33 of the 41 sectors surveyed reported year on year profit rises, with eight sectors seeing drops. Coal mining profits declined 44.4 percent year on year.

Private firms saw relatively stable profit growth at 7.2 percent for January-November. Profits of state-owned enterprises dropped 3.5 percent year on year in the first 11 months.

Companies funded with overseas investment posted the strongest growth in profits during the January-November period, with an increase of 10.3 percent year on year.

NBS's calculations include companies with annual business revenues exceeding 20 million yuan.

Business

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

China's November industrial profits down 4.2 percent

Email this to your friend