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Profit Of Chinese Industrial Enterprises Fall 1.6% YoY In Jan.-Apr.

Source: NBS, ChinaScope Financial (Data)

+ Data released by the National Bureau of Statistics yesterday shows that from January to April, industrial enterprises with revenues from core businesses exceeding CNY 20 million, realized profits of CNY 1.45 trillion, down 1.6% year-on-year. Profits in April were CNY 407.6 billion, down 2.2% year-on-year.

+ In the first four months of 2012, state-owned and state-controlled enterprises made CNY 457.8 billion in profits, down 9.9% year-on-year; while profits made by private enterprises were CNY 425.7 billion, up 20.9% year-on-year.

The profit growth of state-owned and state-controlled enterprises was negative 9.9% YoY, while that of private enterprises was 20.9% YoY in April 2012