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Home >News >CCCME News > Content

China's industrial profit up 25.4% in 2011

Publish Time:2012-02-03 00:00:00 Source:Xinhua

China's industrial enterprises saw their profits increase 25.4 percent year-on-year to reach 5.45 trillion yuan ($863.68 billion) in 2011, the National Bureau of Statistics (NBS) said Friday.


The growth rate rebounded from 24.4 percent in the first 11 months of last year, NBS figures showed.


But it marked a gradual downshift from 32 percent year-on-year growth seen during the first quarter, 28.7 percent during the first half, and 27 percent in the first three quarters.


In December alone, industrial profits expanded 31.5 percent from a year earlier to 790.7 billion yuan, the NBS said.


The NBS compiled the figures using data collected from a pool of industrial businesses with at least 20 million yuan in annual sales revenues each.


Among 39 industries surveyed, 37 sectors reported year-on-year profit growth in 2011, while two saw profit decline.


Profits of the petroleum and natural gas extraction businesses jumped 44.8 percent year-on-year, and those of the ferrous metal mining sector surged 53 percent.


Meanwhile, profits of the oil refining, coking and nuclear-fuel processing sector plunged 92.8 percent year-on-year. Electricity and heating power producers and suppliers saw profits down 11 percent.


Profits of private businesses rose the most last year, up 46 percent year-on-year, followed by collectively-owned enterprises (34 percent) and equity-holding companies (31.2 percent).