Industrial profits in 22 regions* realized 322.7 billion yuan in the first quarter, declined 32.2 percent year-on-year, narrowed 7.3 percentage points over first two months, which have picked up.

Within 39 branches of industrial sectors, the profits of 18 industrial sectors increased in recovery (or decreasing rate reduced). Of the total, the profits of non-ferrous metal smelting and rolling processing industry turned to get profits gains of 1110 million yuan from net loss of 940 million yuan over first two months, that of oil processing and coking industry kept surging up, the profits stood at 17.39 billion yuan from 8.19 billion yuan in the first two months (the net loss amounted to 21.64 billion yuan in the same period of previous year), that of chemical fiber industry turned to get profits gains of 230 million yuan from net loss of 160 million yuan over first two months, that of electric power industry reduced losses totaled 650 million yuan over first two months. The growth rate of profits for textile and garment industry increased 24.4 percent from 17.6 percent in the first two months, that of special equipment manufacturing industry turned to 0.6 percent surged from 5.6 percent dropped in the first two months, that of transportation equipment manufacturing narrowed 28.4 percent from 41.9 percent over first two months, and that of iron and steel industry decreased 99.2 percent.

The main business revenue for industry in 22 regions reached 7,826.7 billion yuan, dipped 0.7 percent year-on-year, reduced 2.0 percentage points over first two months.

By the end of March, the total volume of net accounts receivable for industry in 22 regions hit 2,977.3 yuan, climbed 7.0 percent year-on-year, or 0.4 percentage points reduced over first two months. The finished goods funds accounted for 1,546.2 yuan, went up 10.4 percent year-on-year, dropped 3.6 percentage points over first two months.

*refers to the industrial enterprises above designated size in 22 provinces (autonomous regions and municipalities), except Bejing, Nei Monggol, Hunan, Guangdong, Anhui, Hainan, Chongqing, and Tibet, which main business revenue accounted for 77.2 percent, and 78.6 percent of total profits.

(National Bureau of Statistics May 15, 2009)