In the first half of 2004, the national industrial profits presented the fast-growing picture. The actual profits from the industrial enterprises above designated size(referring to all the state-owned enterprises, and the non state-owned enterprises with the annual sales revenue of over 5 million yuan, it¡¯s the same with the following.) reached 519.9 billion yuan, a year-on-year rise of 41.6% which was 2.1 percentage points lower over the rise of the first five months of this year. In the first six months of this year, the composite index of industrial economic benefit was 160.18, up by 15.41 points year on year.

    In the first half of this year, among the industrial enterprises above designated size, the profits of the state-owned and state share-holding enterprises was 261.5 billion yuan, a year-on-year rise of 42.6% which was 0.9 percentage points higher over the first five months; that from the collective-owned enterprises was 22.2 billion yuan, up 29.6% which was 3.8 percentage points lower; that from the share cooperative enterprises was 7.4 billion yuan, up 31% which was 3.1 percentage points down; that from the share enterprises was 245.7 billion yuan, up 38.6% which was 0.9 percentage points less; that from the foreign, Hongkong, Macao and Taiwan investment enterprises was 166 billion yuan, rising 37.1% which declined by 4.8 percentage points£» that from the private enterprises registered 49.4 billion yuan, rising 49.8% which was down by 5.7 percentage points.

    In the first half of this year, among the 39 major industries, there were 27 industries the profits of which was declining in the rise compared with those of the first five months. Specifically speaking, the actual profits of steel industry in the first half of this year reached 47.2 billion yuan, a year-on-year rise of 80.4% which was 22.1 percentage points lower than the rise of the first five months; the profits of this June declined 27% over this May and dropped 54% over this April. The actual profits of cement industry in the first half of this year was 7.8 billion yuan, rising by 2.98 times over the same period of last year, while in the first five months rising by 4.97 times; the profits in this June was only up 57.6%. That of electrolyzed aluminium in the first half of this year reached 5.3 billion yuan, a year-on-year rise of 79.3%;and that in this June was only 0.12 billion yuan, a year-on-year rise of 69% and down 93% over this May. In addition, the profits of coal£¬power, agricultural sideline products, chemical industry, chemical fiber, special equipment manufacturing clearly showed the declining trend.

    In the first half of this year, the losses from the loss-making enterprises totaled 64 billion yuan, a year-on-year rise of 1.5% which was 1.1 percentage points higher than the rise of the first five months. Especially, the losses from the state-owned and state share-holding enterprises reached 31 billion yuan, a year-on-year decline of 11.7% which was 2.8 percentage points higher over the rise of the first five months.

    In the first half of this year, the taxes turned in by the industrial enterprises above designated size was 412.4 billion yuan, a year-on-year rise of 22.3% which was 1.3 percentage points lower over the first five months. And the taxes from the state-owned and state share-holding enterprises was 260.46 billion yuan, up 19.2% which was 1.9 percentage points lower over the first five months.

    At the end of this June, the funds for the finished goods in the industrial enterprises above designated size was 953 billion yuan, a year-on-year rise of 19.9% which was 9.5 percentage points higher than the rise of last June and 0.1 percentage points higher over the end of this May. The net receivables from the industrial enterprises topped 2026.5 billion yuan, up 18.7% which was 9 percentage points higher over the same period of last year and 0.3 percentage points higher over the end of this May. Especially, the net receivables from the state-owned and state share holding enterprises totaled 733.4 billion yuan, up 4.9% which was 0.4 percentage points higher over the end of last May.

    At the end of this June, the funds for the industrial products and net receivables of the industrial enterprises above designated size accounted for 36.6% of all the current assets, up by 0.1 percentage points over the end of this May.