Statistics

Profits of industrial firms up 32% in Q1

(Xinhua)
Updated: 2011-04-27 14:05

BEIJING - Profits of China's industrial enterprises jumped 32 percent year-on-year for the first three months this year, China's National Bureau of Statistics (NBS) said Wednesday.

Related readings:  China's industrial value-added output rises 14.4% in Q1  Plan for industrial upgrades may be released soon  Large industrial firms' profits up  China's 2011 industrial output growth may slow to 11%

Combined profits of the industrial firms, those with annual sales exceeding 20 million yuan ($3.07 million) each, totaled 1.07 trillion yuan from January to March, the NBS said in a statement on its website.

The NBS figures also show that combined revenues of the industrial firms increased 30.6 percent to 17.45 trillion yuan.