日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Profits of SOEs fall in first three quarters
Adjust font size:

Profits of China's state-owned enterprises (SOEs), excluding financial institutions, dropped in the first three quarters amid the economic slowdown, according to the latest data released by the Ministry of Finance.

SOE profits in the first nine months were 1.11 trillion yuan (US$162.63 billion), down 2.9 percent year on year. The January-August profits were 1.3 percent less from a year ago, the ministry has said in a report.

Sales revenue of the enterprises rose 25 percent to 16.03 trillion yuan for the year ending September, down 1.1 percentage points from the figure for the first eight months.

Profits of the central SOEs fell 9 percent to 780.22 billion yuan through September after a 7.7 percent decline in the first eight months from a year earlier.

Weak demand and rising cost of raw material squeezed the profits of the enterprises and forced many to cut production as China's economy slowed to 9 percent in the third quarter this year, the first single-digit expansion since 2002.

Power sector suffered the most as the fine-tuned electricity prices could hardly make up for the soaring coal costs. Losses of the country's top five power companies totaled 21.4 billion yuan in the first nine months, a rise of 4.64 billion yuan from January-August.

The nation's top two power grids saw their profits tumble 80.9 percent from a year ago to 8.47 billion yuan, 1.7 percentage points higher than that for the first eight months.

The report said the oil producing and petrochemical industry's losses were narrowed as the crude prices dropped a lot from the record high of US$147 per barrel in July, which narrowed the losses in the third quarter.

The petrochemical sector saw profits plunge 81.1 percent year on year to 13.65 billion yuan in the first three quarters, but were 13 percentage points lower than that for the first eight months.

Profits of the oil producing sector fell 6.9 percent to 171.29 billion yuan, 1.3 percentage points lower than that for January-August.

(Xinhua News Agency November 2, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Salaries mustn't be too high
- Rules curb investment for SOE employees
- SOEs set to earn regulator US$4.4 bln
- Gov't to inject capital to quake-hit state firms
- Global financial crisis spills over into China's labor market
- Steel sector dives deep into red in October
Most Viewed >>
- China announces 4 trln yuan stimulus plan
- China plans 10 major steps to spark growth
- Defining, pursuing new global economic role a tough task for China
- Nod for insurers to buy non-listed firms' stocks
- China to stabilize global financial markets by maintaining growth
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 新余市| 右玉县| 桐城市| 玉溪市| 稷山县| 印江| 河东区| 同德县| 通城县| 兴文县| 江门市| 中山市| 尉氏县| 依兰县| 饶河县| 民勤县| 双城市| 弥勒县| 普陀区| 通山县| 板桥市| 宜丰县| 策勒县| 秦皇岛市| 正安县| 万全县| 延津县| 老河口市| 乌苏市| 饶阳县| 轮台县| 卓尼县| 贡觉县| 本溪| 济源市| 神农架林区| 溆浦县| 承德县| 金山区| 永州市| 金塔县|