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China's industrial enterprises earned more than one trillion yuan (US$136.9 billion) in profit in the first ten months of this year, up 19.4 percent over the same period in 2004, the National Bureau of Statistics (NBS) said Tuesday.
The comprehensive economic efficiency indicators of industry reached 172.65, 10.31 points more than that of the same period of 2004.
The NBS, meanwhile, said the industrial enterprises, which include all state-owned firms and non-state-owned enterprises with annual sales income of more than five million yuan each, suffered losses of 172.5 billion yuan in the January-October period, representing a 62.6 percent year-on-year increase.
The state-owned and the share-holding enterprises under the State control incurred losses totaling 92.8 billion yuan, an increase of 102.4 percent over the corresponding period of 2004, according to statistics.
The NBS also said the industrial enterprises' sales income amounted to 19.4 trillion yuan in the period, up 27.1 percent from the same period a year earlier.
Of China's 39 major industries, the profits of the coal, oil, ferrous and nonferrous metals, ore mining and nonmetals mineral mining rose by 76.5 percent, 74.7 percent, 40.8 percent, 116.5 percent, 81.4 percent respectively in the first ten months.
The NBS also noted that the profits of the transportation equipment manufacturing, building materials, and telecommunications sectors fell by 28.9 percent, 10.9 percent and 3.3 percent respectively in the period.
The industrial enterprises in the petroleum refining and coking sectors reported an economic loss of 18.8 billion yuan in the January-October period.
(Xinhua News Angency November 23, 2005)
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