According to the National Bureau of Statistics, from January to July this year, the total profit of industrial enterprises above designated size nationwide was 4.92395 billion yuan, a year-on-year increase of 57.3% (on a comparable basis) and an increase of 44.6% from January to July 2019. The average annual growth rate is 20.2%.
From January to July, the manufacturing industry achieved a total profit of 4.13747 billion yuan, an increase of 56.4%. Among the 41 major industrial industries, the total profits of 36 industries increased year-on-year, 2 industries turned losses into profits, 1 industry remained flat, and 2 industries declined. The textile industry grew by 4.2%, and the manufacturing industry of chemical raw materials and chemical products increased by 1.62 times.
From January to July, among industrial enterprises above designated size, state-controlled enterprises achieved a total profit of 1.58371 billion yuan, a year-on-year increase of 1.02 times; joint-stock enterprises achieved a total profit of 3.48711 billion yuan, an increase of 6.24% %; foreign, Hong Kong, Macao and Taiwan-invested enterprises realized a total profit of 1,333.05 billion yuan, an increase of 46.0%; private enterprises realized a total profit of 1,426.76 billion yuan, an increase of 40.2%. From January to July, industrial enterprises above designated size achieved operating income of 69.48 trillion yuan, a year-on-year increase of 25.6%; operating costs incurred were 58.11 trillion yuan, an increase of 24.4%; the operating income profit margin was 7.09%, a year-on-year increase of 1.43 percentage points. </p
