National Bureau of Statistics (NBS): Raw coal production by industrial enterprises above designated size increased by 4.2% YoY in May, with crude oil and natural gas production growth accelerating

According to data from the National Bureau of Statistics (NBS), in May, the production growth of raw coal, crude oil, and natural gas in industries above designated size (hereinafter referred to as "industries above designated size") accelerated, while power generation maintained steady growth.

I. Production and Related Conditions of Raw Coal, Crude Oil, and Natural Gas

The production growth of raw coal accelerated. In May, the raw coal production of industries above designated size reached 400 million mt, up 4.2% YoY, with the growth rate accelerating by 0.4 percentage points compared to April; the daily average production was 13.01 million mt.

From January to May, the raw coal production of industries above designated size was 1.99 billion mt, up 6.0% YoY.

The production of crude oil maintained steady growth. In May, the crude oil production of industries above designated size was 18.47 million mt, up 1.8% YoY, with the growth rate accelerating by 0.3 percentage points compared to April; the daily average production was 596,000 mt.

From January to May, the crude oil production of industries above designated size was 90.28 million mt, up 1.3% YoY.

The decline in crude oil processing expanded. In May, industries above designated size processed 59.11 million mt of crude oil, down 1.8% YoY, with the decline expanding by 0.4 percentage points compared to April; the daily average processing volume was 1.907 million mt.

From January to May, industries above designated size processed 299.37 million mt of crude oil, up 0.3% YoY.

The production growth of natural gas accelerated. In May, the natural gas production of industries above designated size was 22.1 billion m³, up 9.1% YoY, with the growth rate accelerating by 1.0 percentage points compared to April; the daily average production was 710 million m³.

From January to May, the natural gas production of industries above designated size was 109.6 billion m³, up 6.0% YoY.

II. Power Generation Situation

The power generation of industries above designated size maintained steady growth. In May, the power generation of industries above designated size was 737.8 billion kWh, up 0.5% YoY, with the growth rate slowing down by 0.4 percentage points compared to April; the daily average power generation was 23.8 billion kWh. From January to May, the power generation of industries above designated size was 3,726.6 billion kWh, up 0.3% YoY. Excluding the impact of the number of days, the daily average power generation increased by 1.0% YoY.

By type, in May, thermal power generation in industries above designated size shifted from decline to growth, while the decline in hydropower generation expanded, and the growth rates of nuclear, wind, and solar power generation slowed down. Specifically, thermal power generation in industries above designated size increased by 1.2% YoY, compared to a decline of 2.3% in April; hydropower generation decreased by 14.3%, with the decline expanding by 7.8 percentage points compared to April; nuclear power generation increased by 6.7%, with the growth rate slowing down by 5.7 percentage points compared to April; wind power generation increased by 11.0%, with the growth rate slowing down by 1.7 percentage points compared to April; solar power generation increased by 7.3%, with the growth rate slowing down by 9.4 percentage points compared to April.