China industrial firms 4 mths profit up 35.1 pct yr-on-yr

SHANGHAI (AFX-ASIA) - China's industrial enterprises achieved a combined profit of 122.8 bln yuan in the four months to April, up 35.1 pct from a year earlier, an annualised growth rate 10.9 percentage points slower than the comparable rate for the first quarter, the National Bureau of Statistics said.

State-owned and state-controlled industrial enterprises achieved a combined profit of 66.6 bln yuan, up 39.1 pct from a year earlier, a growth rate 19.5 percentage points slower than the rate for the first quarter.

Loss-making industrial enterprises made a combined loss of 45.71 bln yuan during the four months, a loss 13.8 pct smaller than the loss at the same time last year, it said, adding that the annualised reduction in these losses was 1.2 percentage points faster than the comparable figure for the first quarter.

Loss-making state industrial enterprises made a combined loss of 28.15 bln yuan, a loss 21.3 pct smaller than the loss at the same time last year, it said, adding that the annualised reduction in losses was 0.3 percentage points faster than the figure for the first quarter.

Industrial enterprises' total sales in the four months amounted to 2.7 trln yuan, up 15.9 pct from a year earlier, a growth rate 0.1 percentage points slower than the figure for the first quarter.

The total value of industrial finished products at end-April amounted to 685.5 bln yuan, up 7.6 pct from a year earlier, a growth rate 0.1 percentage points slower than the rate at end-March.

State enterprises' industrial finished products at end-April rose 2.4 pct from a year earlier, a growth rate 1 percentage point slower than the rate at end-March.

Industrial enterprises' tax payments in the four months to April amounted to 169.2 bln yuan, up 14.3 pct from a year earlier, a growth rate 1.5 percentage points slower than the rate in the first quarter.

State industrial enterprises' tax payments in the four months amounted to 119.0 bln yuan, up 12.2 pct from a year earlier, a growth rate 0.3 percentage points slower than the rate in the first quarter.

Industrial enterprises' net accounts receivable at end-April amounted to 1.44 trln yuan, up 7.4 pct from a year earlier, a growth rate 0.7 percentage points slower than at end-March.

State industrial enterprises' net accounts receivable at end-April amounted to 817.7 bln yuan, up 3.2 pct from a year earlier, a growth rate 0.1 percentage points slower than at end-March.

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