Beijing, May 27: According to data released by the National Bureau of Statistics of China on Wednesday, the total profit of major industrial enterprises reached 2.435 trillion yuan from January to April, marking an 18.2% increase compared to the same period last year.
In examining three key sectors, mining and manufacturing reported growth rates of 26.0% and 20.4%, respectively, which are 9.8 and 1.3 percentage points higher than the first quarter. However, the production and supply of electricity, heat, gas, and water saw a decline of 1.9%, down 1.3 percentage points from the first quarter. In April alone, profits for major industrial enterprises surged by 24.7%.
Additionally, industrial production continued to rise sharply, and the producer price index for industrial products saw a significant increase, contributing to steady growth in operating income for industrial enterprises. From January to April, the operating revenue of major industrial enterprises grew by 5.2%, which is 0.2 percentage points higher than the previous quarter.
Emerging industries, such as equipment manufacturing and high-tech manufacturing, are playing a crucial leading role. The pace of profit growth in the raw materials manufacturing sector is also accelerating.
Data also indicates that the cumulative unit costs for industrial enterprises have been declining for four consecutive months this year.
(Source: China Media Group, Beijing)
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