NBS: Total Profit of Industrial Enterprises Above National Designated Scale Rose 8.5% YoY in Q1

SHANGHAI, Apr 27 (NBS) - From January to March, industrial enterprises above national designated scale achieved a total profit of 1,955.57 billion yuan, up 8.5% year-on-year.

From January to March, among industrial enterprises above designated scale, state-controlled enterprises achieved a total profit of 706.85 billion yuan, an increase of 19.5%; joint-stock enterprises achieved a total profit of 1,439.63 billion yuan, an increase of 14.4%; foreign and Hong Kong, Macao and Taiwan invested enterprises achieved a total profit of 470.75 billion yuan, a decrease of 7.6%; private enterprises achieved a total profit of 533.15 billion yuan, an increase of 3.2%.

From January to March, the mining industry achieved a total profit of 383.50 billion yuan, up 1.48 times year-on-year; the manufacturing industry achieved a total profit of 1,473.81 billion yuan, down 2.1%; and the electricity, heat, gas and water production and supply industry achieved a total profit of 98.25 billion yuan, down 30.3%.

From January to March, among the 41 major industrial sectors, 24 sectors saw their total profits increase year-on-year, 15 sectors saw a decline, 1 sector experienced losses and 1 sector remained flat. The detailed profit situation of sectors are as follows: total profit of coal mining and dressing industry increased by 1.89 times, oil and gas extraction industry increased by 1.51 times, non-ferrous metal smelting and rolling processing industry increased by 52.9%, chemical raw materials and chemical products manufacturing industry increased by 18.4%, textile industry increased by 14.0%, non-metallic mineral products industry increased by 11.0%, electrical machinery and equipment manufacturing industry increased by 10.4%, special equipment manufacturing increased by 4.8%, computer, communication and other electronic equipment manufacturing increased by 2.8%, automobile manufacturing decreased by 11.9%, general equipment manufacturing decreased by 17.0%, agriculture and food processing industry decreased by 22.9%, petroleum, coal and other fuel processing industry decreased by 29.8%, electricity, heat production and supply industry decreased by 35.2%, ferrous metal smelting and rolling processing industry fell by 49.7%.