Article: CHINA'S INDUSTRIAL COMPANIES REALIZE PROFITS OF CNY 276.4 BLN


AsiaInfo Services
04-27-2005
China's Industrial Companies Realize Profits of CNY 276.4 Bln

BEIJING, Apr 27, 2005 (SinoCast via COMTEX) -- Chinese state-owned industrial enterprises and other enterprises with annual sales over CNY 5 million realized profits of CNY 276.4 billion in the irst quarter of 2005, a gain of 17.2 percent year on year.

Meanwhile, the composite index of economic efficiency of the enterprises rose by 7.76 percent to 162.77.

The state-owned and government-controlled enterprises produced profits up to CNY 144.3 billion in the first three months, surging 18 percent, according to the National Bureau of Statistics.

The collective enterprises contributed CNY 9.8 billion, rising ...

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