Latest News:  
Beijing   Sunny/Cloudy    2 / -4   City Forecast

People's Daily Online>>China Business

Profits of China's state firms rise 13.7 pct in first 11 months

(Xinhua)

08:49, December 21, 2011

BEIJING, Dec. 20 (Xinhua) -- The combined profits of China's state-owned enterprises and state-holdings companies rose 13.7 percent year-on-year to 2.04 trillion yuan (322.01 billion U.S. dollars) in the first 11 months of the year, the Ministry of Finance said Tuesday.

The growth was lower than the 16-percent rise in the Jan.-Oct. period and the 19.4-percent increase in the Jan.-Sept. period.

Business revenue of these companies totaled 33.48 trillion yuan in the first 11 months, up 23.2 percent from one year earlier, the ministry said.

Meanwhile, the companies' costs surged 23.9 percent year-on-year to 31.65 trillion yuan during the period.

Industries such as the chemical, construction materials, non-ferrous metals and coal sectors saw big increases in their profits in the first 11 months. However, others, including the transportation, power generation and steel sectors and the medical industry, all posted heavy losses, it said.

 
 
 
 
We Recommend
 
 
 

Email|Print|Comments(Editor:陈乐乐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's "Peace Ark" on its way home

  2. 5th National Magic Competition kicks off

  3. Chongyuan Temple in Suzhou

  4. New type of tri-color glazed pottery

Most Popular

Opinions

  1. Few family businesses hire professional managers
  2. US media hypes 'cyber Cold War'
  3. Farmers find city life unfair: report
  4. Soccer bribe trials chance to clean up sport's legacy
  5. Euro zone makes progress in systemic reforms
  6. Weibo regulations a step on the right path
  7. Real names on Weibo points to progress
  8. China's foreign policy not a matter of tough vs. soft
  9. Growth moderation not "bad thing" for China
  10. Risks behind India's military buildup

What's happening in China

¥1mln worth Sentinel Prime appears in Hebei

  1. More green terraces in Beijing soon
  2. New solar projects to fuel Xinjiang's clean energy
  3. Chinese stocks close down Tuesday
  4. Fund for protecting private enterprises launched
  5. More than 40 wild pandas live near NW China city

PD Online Data

  1. Legends of Mid-Autumn Festival
  2. Modern Mooncakes
  3. Regional Varieties of Mooncakes
  4. Traditional Mooncakes
  5. History of Mooncakes