Profit Growth Rate of Shaanxi's Industrial Enterprises above Designated Size Ranks the 7th in the Past Seven Months

2017-09-07 15:36:33 , Source : The Government Website of Shaanxi Province

From January to July, the total profit of industrial enterprises above designated size (IEADS) in Shaanxi reached RMB 109.15 billion Yuan with the year-on-year growth of 84.4%, ranking the seventh in China. Data from the Shaanxi Provincial Bureau of Statistics indicated that as the structural reform in the supply side continued from January to July, the performance of Shaanxi IEADS was turning upwards comparing with that of last year, and the profit grew at a relative high speed, in which energy industry took the lead with the year-on-year growth hitting 332.1%.

From January to July, Shaanxi IEADS reached RMB 1,195.74 billion Yuan in main business, up by 17.4% from the same period last year, 4.3% higher than the national average growth speed rate even though it only increased 0.2% from the first half of 2017. 37 of 40 industries in Shaanxi gained increase in main business while the rest encountered a year-on-year decrease.

From January to July, among 5,917 IEADS in Shaanxi, 1,097 of them ran at a loss, decreased by 97 comparing with that of a year ago. The scale of losses was 18.5%, which remained on a par with the number of the first half of 2017. The amount of loss reached RMB 11.4 billion Yuan, with the decrease of 5.3% from the same period last year and decreased by RMB 300 million Yuan comparing with that of the first half of 2017. From industrial categories, the coal mining and washing industry lost RMB 730 million Yuan, dropped by 66% from the same period a year earlier; petroleum refining, coking and nuclear fuel processing industry RMB 250 million Yuan, 89.9% and chemical material & product industry RMB 1.04 billion Yuan, 16.1%.

From January to July, the total profit of IEADS in Shaanxi reached RMB 109.15 billion Yuan with the year-on-year growth of 84.4%. The growth speed slowed by 1 percentage point comparing with that of the first half of 2017. The growth speed ranked the seventh in China. Among 40 industries for Shaanxi IEADS, 22 gained increase in total profit while 16 declined in the same period.

From January to July, the energy industry reached RMB 58.3 billion Yuan, with year-on-year growth of 332.1%, down by 9.5 percentage points from the first half of 2017. Among it, the coal mining and washing industry gained RMB 42.16 billion Yuan increase in profit, up by 403.1% from the same period a year earlier and quickened by 3.4 percentage points from the first half of 2017; petro and gas exploitation industry reached RMB 8.63 billion Yuan, increased by 848.4%, maintaining high-speed growth as that in the first half of 2017. Petroleum refining, coking and nuclear fuel processing industry made profit to RMB 2.9 billion Yuan, turning from the loss of approximately RMB 800 million Yuan to big gains in profit. Power and heat production and supply industry realized profit of RMB 4.69 billion Yuan, dropped by 6.2% from a year earlier and narrowed by 21.8 percentage points from the first half of 2017.

From January to July, for each RMB 100 Yuan in the main business revenue of IEADS in Shaanxi, the cost was RMB 80.12 Yuan, dropped by RMB 2.68 Yuan comparing with that of the same period last year; also for each RMB 100 Yuan in the main business revenue, the cost for operation, management and finance totaled RMB 8.12 Yuan, decreased by RMB 2.68 Yuan from the same period of last year. The profit rate of main business revenue reached 9.1%, up by 3.3 percentage points from a year ago. The ratio of profits to cost & expense for IEADS reached 10.3%, up by 4 percentage points from a year earlier.

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