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Profit Of Industrial Enterprises Up 7.8 Percent YoY In Sep

Source: National Bureau of Statistics, ChinaScope Financial (Data)

+ According to data released by the National Bureau of Statistics on October 27, the profit of industrial enterprises above designated size (with annual revenue of above CNY 20 million) in September was CNY 464.3 billion, up 7.8 percent year-on-year, a turnaround from the five straight month growth slide.

+ The profit of industrial enterprises above designated size in the January-September period was CNY 3.52 trillion, down 1.8 percent year-on-year, 1.3 percentage points lower than the decline in the January-August period. The enterprises' prime operating revenue increased 10.2 percent year-on-year to CNY 65.72 trillion.

+ In the January-September period, the profit of state-owned and state-controlled enterprises was CNY 1.01 trillion, down 11.8 percent year-on-year, while that of private enterprises increased 15.6 percent year-on-year to CNY 1.09 trillion.

Supported by demand from fiscal stimulus projects, profit growth of industrial enterprises above designated size improved in September.