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Shanxi industries see rapid growth in Jan-Sept
Time: 11 05,2021      Source: china daily

Shanxi's industrial enterprises above a designated size – those with annual revenues of 20 million yuan ($3.11 million) or more – achieved 208.76 billion yuan in total profit in the first three quarters, a year-on-year increase of 250 percent, according to Shanxi Statistics Bureau on Nov 1.

During this period, the province's State-owned holding enterprises achieved 114.33 billion yuan in total profits, up 310 percent over the same period in 2020. Private holding enterprises achieved 75.64 billion yuan in total profits, up 260 percent year-on-year.

The total profits of Hong Kong, Macao and Taiwan business holding companies were valued at 4.7 billion yuan, an increase of 50 percent year-on-year, while foreign holding companies achieved 5.09 billion yuan in total profits, up 29 percent year-on-year.

The coal industry saw 130.09 billion yuan in total profit, an increase of 390 percent; the coking industry achieved 27.15 billion yuan in total profits, an increase of 250 percent; the iron and steel industry achieved 26.48 billion yuan in total profit, an increase of 290 percent; and food and pharmaceutical industries achieved total 5.93 billion yuan and 2.19 billion yuan in total profits, up 94.4 percent and 130 percent year-on-year, respectively.

The non-ferrous metal, electric power, thermal gas, and chemical industries all saw their profits turn from negative to positive.

 


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