Iron Ore Market Report December 2013
2014-01-08 17:56:29 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1.Financial overview
1.1 Central enterprises’ profits up by 7.5% Y-o-Y in Jan-Nov
In Jan-Nov, central enterprises posted RMB2.18 trillion of operation revenue, RMB1.2 trillion of profits and RMB1.8 trillion of tax payment, increasing by 9.5%, 7.5% and 5.4% year on year respectively.
Meanwhile the growth rate of operation income increased by 0.6% while that of tax payment declined by 7.4%; and profits increased by 7.5% while held stable in Jan-Nov, 2013, all on year on year basis. Foreign assets and profits amounted to over 10% of those in central enterprises, while foreign operation income occupied nearly 20% of the whole income.
Enterprises supervised by the National Resources Committee System in China reported RMB31.8 trillion of operation income, RMB1.8 trillion of profits and RMB2.7 trillion of tax payment in Jan-Nov, increasing by 11.6%, 6.7% and 4.4% year on year respectively.
1.1 Central enterprises’ profits up by 7.5% Y-o-Y in Jan-Nov
In Jan-Nov, central enterprises posted RMB2.18 trillion of operation revenue, RMB1.2 trillion of profits and RMB1.8 trillion of tax payment, increasing by 9.5%, 7.5% and 5.4% year on year respectively.
Meanwhile the growth rate of operation income increased by 0.6% while that of tax payment declined by 7.4%; and profits increased by 7.5% while held stable in Jan-Nov, 2013, all on year on year basis. Foreign assets and profits amounted to over 10% of those in central enterprises, while foreign operation income occupied nearly 20% of the whole income.
Enterprises supervised by the National Resources Committee System in China reported RMB31.8 trillion of operation income, RMB1.8 trillion of profits and RMB2.7 trillion of tax payment in Jan-Nov, increasing by 11.6%, 6.7% and 4.4% year on year respectively.
