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China's industrial profits of 42 key cities exceeded rmb 250 billion in 2002
2004/06/09


1. Production and sales increased synchronously.
The industrial added value increased by 14.5% to reach RMB 1.32002 trillion, accounting for 41.9% of the national industrial total. The growth increased by 2 percentage points over that of the same period of the previous year, and 1.9 percentage points higher than the national average level. Meanwhile, the industrial sales increased by 16.2% to reach RMB 4.77974 trillion, up 4 percentage points over the growth rate of the previous year but 0.5 percentage point less than the national average level.
The ratio of sales to production was 98.4%, up 0.2 percentage point over the same period of the previous year, and 0.4 percentage point higher than the national average level.
2. The total profits exceeded RMB 250 billion.
The total profits increased by 23.1% to reach RMB 256.82 billion, up 7 percentage points over the growth rate of the previous year and 2.5 percentage points higher than the national average level. The figure was RMB 213.36 billion and 22% increase for the 22 cities in the eastern areas, RMB 26.66 billion and 30.5% increase for the 11 cities in the central areas, and RMB 16.48 billion and 26.5% increase for the 9 cities in the western areas.
The top five cities in term of profits were Shanghai, Shenzhen, Guangzhou, Tianjin and Beijing. The combined profits were RMB 129.24 billion, increasing by 16.2%, and accounting for 50.3% of all the key cities.
3.The number of loss-making enterprises declined as well as deficits.
The number of loss-making enterprises accounted for 23.1% of the total, down 1.5 percentage points. The deficits were RMB 53.89 billion, which was a 4.8% decrease from the 5.3% increase of the previous year. The figure of enterprise deficts decrease was 4.6% for the eastern areas, 8.5% for the central areas, and 2.8% for the western areas.
The main characteristics of the industrial production are as follows:
•The heavy industry speeded up its growth with the gross output value up 18.5% to reach RMB 2.42153 trillion, 0.6 percentage point higher than the growth of the first ten months. The gross output value of the light industry increased by 14.9% to reach RMB 1.44576 trillion, unchanged from the first ten months.
•The rapid production growth of the shareholding industrial enterprises spurred on the rapid industrial development of key cities. The gross output value of the shareholding industrial enterprises increased by 25.6% to reach RMB 1.20197 trillion, 10.3 percentage points higher than the growth of the same period last year and 0.4 percentage point than that of the first ten months, contributing 38.7% to the total production of key cities, and drove the increase of industrial production of the key cities by 6.8 percentage points.
•The ratio of production to sales improved. The gross industrial output value (current price) increased by 14.5% to reach RMB 4.34761 trillion, while the industrial sales increased by 14.9% to reach RMB 4.26091 trillion, up 0.8 and 0.7 percentage point over the growth of the first ten months respectively. The ratio of production to sales was 98%, up 0.4 percentage point over the same period last year, and 0.3 percentage point higher than the national average level.
•The growth rate of export wass on the increase. The export delivery value (excluding Shenzhen) increased by 20% to reach RMB 651.74 billion, 12.1 percentage points higher than the growth of the corresponding period last year. The total export delivery value of 11 cities including Shanghai and Tianjin reached RMB 577.31 billion, accounting for 88.6% of that of all key cities.

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