China: Sichuan Tobacco Industry Generates Higher Cigarette Sales Income

Source from:  TobaccoChina Online 01/05/2012

The tobacco industry of southwest China's Sichuan Province generated 12.8 billion yuan (2 billion U.S. dollars) in cigarette sales income in 2011, an increase of 24.3 percent over the previous year of 2010, with the cigarette sales volume in the year reaching 125 billion cigarettes (2.5 million cases), compared with the planned target of 124 billion cigarettes (2.48 million cases). The provincial tobacco industry had planned to generate 11.3 billion yuan (1.77 billion U.S. dollars) in cigarette sales income in 2011. In the year, the commercial sector of the provincial tobacco industry is expected to generate 13.5 billion yuan (2.1 billion U.S. dollars) in taxes and profits, an anticipated year-on-year increase of 15.6 percent, as compared with the planned target of 13.2 billion yuan (2.06 billion U.S. dollars). It generated a total of 63.2 billion yuan (9.9 billion U.S. dollars) in sales income (including taxes) in the year, compared with the planned target of 62 billion yuan (9.7 billion U.S. dollars) (including taxes). In 2011, the tobacco industry of Sichuan invested a record 880 million yuan (138 million U.S. dollars) in the construction of infrastructure facilities, a year-on-year increase of about 15 percent. In the year, Sichuan Province produced nearly 3.9 million dan (195,000 tons) of leaf tobacco. With the more than 500,000 dan (25,000 tons) of unusable leaf tobacco disposed of in fields in accordance with the requirement of the State Tobacco Monopoly Administration taken into account, the actual leaf tobacco output reached over 4.3 million dan (215,000 tons). Enditem