[July Steel Industry Incurred Loss of 2.68 Billion Yuan]

From January to July, the total profits of industrial enterprises above designated size nationwide amounted to 4,582.06 billion yuan, up 17.6% YoY.

From January to July, among industrial enterprises above designated size, the total profits of state-holding enterprises reached 1,491.89 billion yuan, up 16.3% YoY; joint-stock enterprises achieved total profits of 3,549.40 billion yuan, up 23.6%; enterprises with foreign investment or investment from Hong Kong, Macao, and Taiwan recorded total profits of 1,013.78 billion yuan, up 1.2%; and private enterprises realized total profits of 1,135.22 billion yuan, up 10.9%.

From January to July, the mining industry realized total profits of 666.05 billion yuan, up 34.9% YoY; the manufacturing industry realized total profits of 3,437.60 billion yuan, up 18.8%; and the electricity, heat, gas, and water production and supply industry realized total profits of 478.42 billion yuan, down 5.8%.

[In July, the steel industry realized a loss of 2.68 billion yuan] From January to July, the profitability of major industries was as follows: the profits of the computer, communications, and other electronic equipment manufacturing industry were up 1.1 times YoY, non-ferrous metal smelting and rolling processing industry up 91.8%, chemical raw materials and chemical products manufacturing up 56.6%, coal mining and washing industry up 50.4%, petroleum and natural gas extraction industry up 15.4%, textile industry up 7.9%, general equipment manufacturing up 1.4%, special equipment manufacturing up 0.8%, while electrical machinery and equipment manufacturing declined 7.6%, electricity, heat production and supply industry declined 8.0%, agricultural and sideline food processing industry declined 12.3%, automobile manufacturing declined 20.4%, non-metallic mineral products industry declined 48.2%, ferrous metal smelting and rolling processing industry declined 51.2%, and the petroleum, coal, and other fuel processing industry shifted from loss to profit.

From January to July, the total profits of the ferrous metal smelting and rolling processing industry were 29.09 billion yuan, down 51.2% YoY.

From January to June, the total profits of the ferrous metal smelting and rolling processing industry were 31.77 billion yuan. Based on this, in July alone, the steel industry realized a loss of 2.68 billion yuan. In May, the steel industry achieved profits of 10.59 billion yuan for the single month, compared to 10.92 billion yuan in April.