National Bureau Of Statistics: The Profit Of Automobile Manufacturing Industry In May Increased 1.02 Times Year On Year

Sun Xiao, Statistician of the Industrial Department of the National Bureau of Statistics, interpreted the profit data of industrial enterprises in May, and said that the profit of equipment manufacturing industry increased 15.2% year on year, maintaining double-digit growth for two consecutive months, driving the profit of industrial enterprises above designated size up 4.6 percentage points, making it the industry sector with the largest contribution. The proportion of profits in the equipment manufacturing industry to industries above designated size is 39.6%, an increase of 5.3 percentage points compared to April, marking the third consecutive month of increase. The profit structure of industrial enterprises has shown a significant improvement trend. From an industry perspective, due to factors such as rapid growth in car sales, booming production and sales of new energy vehicles, and increased investment returns, the profit of the automotive manufacturing industry has increased by 1.02 times; The electrical and mechanical industry was driven by new energy products such as photovoltaic equipment and lithium-ion batteries, resulting in a profit growth of 27.3%; The general equipment, specialized equipment, and instrumentation industries were driven by products such as central air conditioning, medical equipment, and industrial automatic control systems, with profits increasing by 30.9%, 27.7%, and 26.6%, respectively.