Profits at Domestic Industrial Enterprises above Designated Size Rose 49.5% Jan-Aug

SHANGHAI, Sep 28 (SMM) - From January to August, domestic industrial enterprises above designated size achieved a total profit of around 5.6 trillion yuan, a year-on-year increase of 49.5% (calculated on a comparable basis), an increase of 42.9% compared to the same period 2019. The average increase in two years stands at 19.5%.

Among large industrial enterprises, state-owned enterprises achieved a total profits of 1.78 trillion yuan, an increase of 86.9% on the year; joint-stock enterprises achieved a total profits of around 4 trillion yuan, an increase of 54.9%; foreign, Hong Kong, Macao and Taiwan-invested enterprises achieved a total profit of 1.5 trillion yuan, an increase of 37.5%; private enterprises realised a total profit of 1.64 trillion yuan, a rise of 34.4%.

The mining industry achieved a total profit of 591.3 billion yuan from January to August, a year-on-year increase of 1.51-fold. The manufacturing industry achieved a total profit of 4.68 trillion yuan, a gain of 48.2%.