Date: 2013-07-31

Industrial Profits Kept Dropping From January to July

Industrial profits in 22 regions* realized 1,110.7 billion yuan from January to July, declined 17.3 percent year-on-year, narrowed 3.8 percentage points over first half year.

The profits of 14 industrial sectors increased within 39 branches of industrial sectors, the decreasing rate of 9 industrial sectors narrowed over first half year, and the profits of 4 industrial sectors increased. Of the total, the profits of rubber industry went up by 34.3 percent year-on-year, promoted 19.8 percentage points over first half year; that of manufacturing of general purpose equipment enhanced 3.9 percent, and 3.6 percentage points increased; that of petroleum extraction get profits stood at 81.33 billion yuan, sank 71.1 percent year-on-year, and dipped 5.0 percentage points over first half year; that of steel industry realized profits accounted for 29.8 billion yuan, went down by 77.3 percent, narrowed 7.7 percentage points; that of nonferrous metals industry gained profits totaled 17.84 billon yuan, decreased 63.9 percent, and reduced 2.9 percentage points; that of electronic industry achieved profits amounted to 27.65 billion yuan, descended 43.5 percent, and shrank 5.9 percentage points; that of fiber industry gained 16.5 percent from January to July over 4.6 percent declined in first half year; that of transportation equipment manufacturing turned to 5.9 percent shift from 1.1 percent dipped.

The main business revenue for industry in 22 regions reached 21,404.3 billion yuan, surged 0.9 percent year-on-year, picked up 0.5 percentage points over first half year.

By the end of July, the total volume of net accounts receivable for industry in 22 regions hit 3,371.1 billion yuan, climbed 9.6 percent year-on-year, raised 0.5 percentage points month-on-month. The finished goods funds accounted for 1,640.8 billion yuan, went up 0.4 percent year-on-year, dropped 2.4 percentage point

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