China industrial equipment, machinery sector 5 mths profit up 48.6 pct
The industrial quipment and machinery industry's profit in the five months to May rose 48.6 pct from a year earlier
BEIJING (XFN-ASIA) - The industrial quipment and machinery industry's profit in the five months to May rose 48.6 pct from a year earlier, with total industrial value-added output up 21.3 pct at 511.4 bln, the National Development and Reform Commission (NDRC) said.
The commission said in a statement that during the period, profits of the auto sector - which is classified as a component of the machinery sector - surged 70.8 pct to 28.4 bln yuan.
In the electronics industry, industrial value-added output in the January-May period rose 25.4 pct year-on-year to 247.3 bln yuan, while profit was up 32.5 pct at 35.5 bln.
Within the electronics industry, the telecommunications equipment sector posted profit growth of 39.3 pct in the first five months while profit growth of the computer manufacturing sector was 18.3 pct.
Textile industry profits were up 34.1 pct at 27 bln yuan from January to May, with total industrial value-added output up 16.5 pct at 214.1 bln yuan.
Pharmaceutical industry profits increased 10.3 pct to 14.9 bln yuan while industrial value-added output rose 15.2 pct to 68.5 bln.
(1 usd = 8.00 yuan)
The commission said in a statement that during the period, profits of the auto sector - which is classified as a component of the machinery sector - surged 70.8 pct to 28.4 bln yuan.
In the electronics industry, industrial value-added output in the January-May period rose 25.4 pct year-on-year to 247.3 bln yuan, while profit was up 32.5 pct at 35.5 bln.
Within the electronics industry, the telecommunications equipment sector posted profit growth of 39.3 pct in the first five months while profit growth of the computer manufacturing sector was 18.3 pct.
Textile industry profits were up 34.1 pct at 27 bln yuan from January to May, with total industrial value-added output up 16.5 pct at 214.1 bln yuan.
Pharmaceutical industry profits increased 10.3 pct to 14.9 bln yuan while industrial value-added output rose 15.2 pct to 68.5 bln.
(1 usd = 8.00 yuan)
