Lingyuan Steel may invest RMB 200 million in Everbright Bank IPO

Thursday, 29 July 2010 13:44:33 (GMT+2)

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In the first half of 2010, the total profit of ‘above-scale' Chinese industrial enterprises (specifically state-owned and non-state-owned industrial enterprises with annual sales income above RMB 5 million ($738,500)) increased by 71.8 percent year on year to RMB 1.6111 trillion ($237.97 billion).

During the same period, the industrial enterprises in question increased their total operating income by 36.5 percent year on year to RMB 25.9 trillion ($382.56 billion).

At the end of June, the aggregate accounts receivable of these enterprises amounted to RMB 4.5 trillion ($664.39 billion), up 26.4 percent compared to the end of June last year.

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