In the first five months, the national industrial profits continued to rise rapidly, the profits of some industries descended to some extent. The actual profits from the industrial enterprises above designated size (referring to all the state-owned enterprises, and non state-owned ones with the annual sales revenue of over 5 million yuan, it¡¯s the same with the following) reached 425.8 billion yuan, a year-on-year rise of 43.7%.

    Firstly, the general economic benefit level continued to improve. In the first five months of this year, the composite industrial economic benefit index was 158.63, up by 15.89 points over last year.

    Secondly, the actual profits of enterprises grew faster. In the period of Jan.-May, the net profits from the industrial enterprises above designated size reached 425.8 billion yuan, a year-on-year rise of 43.7%. The profits of all ownership types of enterprises kept the faster growing momentum, of which, the profits from the state-owned and state share-holding enterprises reached 216.1 billion yuan, a year-on-year rise of 41.7%; that from the collective-owned enterprises was 17.8 billion yuan, up 33.4%; that from the share enterprises was 200.8 billion yuan, up 39.5%; that from the foreign, Hongkong, Macao and Taiwan investment enterprises was 137.4 billion yuan, up 41.9%; that from the private enterprises was 39.4 billion yuan, up 55.5%.

    The actual profits of most industries maintained the growing and those of some industries dropped to some extent. Among the 39 major industrial branches, there were 38 industries the profits of which rose over the same period of last year. The top five industries by the increase of actual profits were mining and dressing of ferrous metals(up by 6.63 times), the processing of petroleum, coking and nuclear fuel processing(up by 2.26 times), the manufacturing of non-metal products(up by 1.77 times), mining and dressing of coal(up by 1.42 times), the smelting and pressing of non-ferrous metals(up 1.21 times).

    Thirdly, the losses of loss-making enterprises continued to drop. In the first five months, the losses of loss-making enterprises reached 55.6 billion yuan, a year-on-year rise of 0.4% which was 2.9 percentage points lower than the rise of Jan.- April. Especially, the losses from the state-owned and state share-holding enterprises reached 27.5 billion yuan, a year-on-year rise of 8.9%.

    Fourthly, the taxes turned in by enterprises continued to rise rapidly, >From this Jan. to May, the taxes from the industrial enterprises above designated size reached 340.5 billion yuan, a year-on-year rise of 23.6% which was 5.5 percentage points higher over the rise of the same period of last year. Especially, the total taxes from the state-owned and state share-holding enterprises was 218.7 billion yuan, up 21.1%.

    Fifthly, the sales revenue of products grew faster. From this Jan. to May, the sales revenue of industrial products above designated size was 6808 billion yuan, a year-on-year rise of 33.7%. Especially, that of the state-owned and state share-holding enterprises was 2694.5 billion yuan, up 26.5%.

    Sixthly, the funds for finished goods and receivables went up continuously. At the end of this May, the funds for finished goods of the industrial enterprises above designated size was 937 billion yuan, a year-on-year rise of 19.8% which was 9.5 percentage points higher than the rise of the end of last May and 0.9 percentage point more over the end of this April. Specifically speaking, the funds for finished goods of the state-owned and state share-holding enterprises reached 331.1 billion yuan, up 13% which was 7.7 percentage points more than the rise of the same period of last year. The industrial net receivables was 1989.5 billion yuan, up 18.4% which was 7.4 percentage points higher in the rise over the end of last May and 0.7 percentage points higher over the end of this April. Especially, the receivables of the state-owned and state share-holding enterprises registered 732.2 billion yuan, up 4.5% which was 0.7 percentage point higher than the rise of the end of this April.

    At the end of this May, the funds for finished goods and receivables of the industrial enterprises above designated size accounted for 36.5% of all the current assets, up by 0.2 percentage point in the rise over the end of this April.