From January To July 2023, The Profits Of Industrial Enterprises Above Designated Size Fell By 15.5 percent

Aug 28, 2023

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From January to July, the total profits of industrial enterprises above designated size nationwide reached 3,943.98 billion yuan, down 15.5 percent year on year and 1.3 percentage points narrower than that of the first six months of the year (calculated on a comparable basis).

The total profit of state-owned holding enterprises was 1,380.59 billion yuan, down 20.3 percent year on year; The total profits of joint-stock enterprises reached 2,883.56 billion yuan, down 16.6 percent; The total profit of enterprises invested by foreign investors and those from Hong Kong, Macao and Taiwan reached 935.57 billion yuan, down 12.4 percent; The total profit of private enterprises was 1,022.66 billion yuan, down 10.7 percent .

The total profit of mining industry was 782.74 billion yuan, down 21.0 percent year-on-year; The total profit of the manufacturing industry was 2,769.42 billion yuan, down 18.4 percent ; The total profit of the production and supply of electricity, heat, gas and water reached 391.82 billion yuan, an increase of 38.0 percent .

Among the 41 industrial categories, the total profit of 13 industries increased year-on-year, and 28 industries decreased. The profits of the main industries are as follows: The total profit of the electricity and heat production and supply industry increased by 51.2 percent year-on-year, the electrical machinery and equipment manufacturing industry increased by 33.7 percent , the general equipment manufacturing industry increased by 14.5 percent , the special equipment manufacturing industry increased by 2.1 percent , the automobile manufacturing industry increased by 1.0 percent , the oil and gas mining industry decreased by 11.4 percent , and the textile industry decreased by 20.3 percent . The coal mining and washing industry fell by 26.2 percent; the computer, communications and other electronic equipment manufacturing industry fell by 26.4 percent; the non-metallic mineral products industry fell by 28.8 percent; the agricultural and sideline food processing industry fell by 32.6 percent; the non-ferrous metal smelting and rolling processing industry fell by 36.7 percent; and the manufacturing of chemical raw materials and chemical products fell by 54.3 percent. Oil, coal and other fuel processing industry fell by 87.0 percent , ferrous metal smelting and rolling processing industry fell by 90.5 percent .

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