China Business

Nov 10, 2005

Machinery, pharma firms report higher profits

BEIJING - China's 50 state-owned enterprises in the machine-building sector and 23 in the pharmaceutical sector reported steady rises in their profits in the first three quarters of this year.

The 50 enterprises in the machine-building sector realized 182.28 billion yuan (US$22.5 billion) in output value, an increase of 25.2% year-on-year; 206.24 billion yuan in main operating sales revenue, up 22.7% year-on-year. Compared with the first half of the year,

the production and sales grew two and 2.7 percentage points faster. The sales ratio hit 95.9%, 1.2 percentage points lower than that in the same 2004 period. Their profits totaled 10.11 billion yuan, up 33.1%, a growth 4.2 percentage points higher than that in the first half of the year.

The 23 enterprises in the pharmaceutical sector generated 42.21 billion yuan in output value, 12.5% more than that in the same 2004 period and 89.82 billion yuan in main operating sales revenue, an increase of 13.7% year-on-year. The growth of production and sales was 0.2 and 2.3 percentage points faster than that in the first half. The operational cost of the 23 enterprises in the pharmaceutical sector was 71.89 billion yuan, an increase of 15.8% year-on-year, 2.1 percentage points higher than the growth of sales revenue from major business, 2.6 percentage points higher than in the first half. Their profits hit 3.35 billion yuan, up 7.4% year-on-year.

(Asia Pulse/XIC)

China Travel

China Tours

Yangtze River Cruise

Great Wall of China

China Airline

Map of China

Head Office: Rm 202, Hau Fook Mansion, No. 8 Hau Fook St., Kowloon, Hong Kong
Thailand Bureau: 11/13 Petchkasem Road, Hua Hin, Prachuab Kirikhan, Thailand 77110