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Shaanxi's Industrial Enterprise Stocks See Fast Development
Stock industrial enterprises in northwest China's Shaanxi Province have seen a 15.2 percent higher economic growth than the provincial average, according to the provincial statistics bureau.
By the end of last July, 109 stock industrial enterprises had a total assets of 17.8 billion yuan (2.14 billion US dollars), up 26.9 percent from the same period last year. In the first seven months they turned out an industrial value of 11.34 billion yuan (1.37 billion US dollars) or a 28.2 percent increase from the previous year.
In sales revenue, the enterprises sold 4.57 billion yuan (551 million US dollars) worth of product. Their production-to-sales ratio is about 94.93 percent, up 2 percent or 1.24 percent higher than the province's average.
From January to July this year, stock industrial enterprises gain a profit margin of 181 million yuan (21.8 million US dollars), 15 million yuan (1.8 million US dollars) more than last year's same period or up 8.7 percent. They paid 336 million yuan (40.5 million US dollars) in taxes in the first seven months, up 24.4 percent.
The asset-to-liability ratio of these stock enterprises is 50.17 percent, 19.72 percent lower than the province's average.
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