[SMM Flash News] NBS: Profits of above-scale raw material manufacturing industries jumped 83.1% YoY in Jan-May

Published: Jun 27, 2026 14:55

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Yu Weining, Chief Statistician of the Industry Department of the National Bureau of Statistics (NBS), interpreted industrial enterprise profit data for January-May 2026. According to Yu, raw material manufacturing industries recorded rapid profit growth.In Jan-May, profits of above-scale raw material manufacturing industries rose 83.1% year-on-year, contributing 10.2 percentage points to the total profit growth of all above-scale industrial enterprises.By sector: Driven by rising demand from emerging industries including new energy and artificial intelligence, prices of copper, aluminium and other related products stayed elevated, lifting profits of the non-ferrous metal sector by 117.1% and adding 5.3 percentage points to overall industrial profit growth.Boosted by price hikes across the oil industrial chain, the oil processing sector swung from losses to profits year-on-year, while profits of the chemical industry surged 71.6%.

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