Mar 28 - Profit of Industrial Enterprises Falls 5.2% YoY in Jan-Feb 2012

Source: NBS, ChinaScope Financial (Data)

+       Industrial enterprises above designated size realized a total profit of CNY 606 billion in Jan-Feb 2012, decreasing 5.2% year-on-year.

+       Profits of state-owned and state-holding enterprises fell 19.7% year-on-year to CNY 179.1 billion; total revenue was CNY 3.53 trillion, a 7.5% year-on-year decrease, the operating cost-to-income ratio was 81.9% and revenue margins was 5.08%.

The profit growth for industrial enterprises with operating revenues above CNY 20 Mn went negative in Jan/Feb 2012; the first time with negative growth since November 2009.

Other News Headlines:

n Profit of Industrial Enterprises Fell 5.2% YoY in Jan-Feb 2012

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n GOME: Net Profit Drops 6.2% YoY to CNY 1.84 Billion in 2011

n Western Securities’ IPO Review Completed

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