NBS: Profits of Large Industrial Enterprises Plunged In First Quarter

According to the data of the National Bureau of Statistics, from January to March, the total profits of industrial enterprises above designated size nationwide were 1.52 trillion yuan, a year-on-year decrease of 21.4%.

From January to March, among the industrial enterprises above the designated size, the state-owned holding enterprises realized a total profit of 589.24 billion yuan, a year-on-year decrease of 16.9%; the joint-stock enterprises realised a total profit of 1.12 trillion yuan, a decrease of 20.6%. Foreign and Hong Kong, Macao and Taiwan-invested enterprises realised a total profit of 331.81 billion yuan, a decrease of 24.9%; private enterprises realised a total profit of 389.41 billion yuan, a decrease of 23.0%.