On May 27, the National Bureau of Statistics released the growth of total profit of industrial enterprises above designated size. From January to April, the total profits of industrial enterprises above designated size reached 1,812.94 billion yuan, a year-on-year decrease of 3.4%, which was roughly the same as that in January-March. Among them, the instrumentation manufacturing industry realized application income of 2222.1, a year-on-year increase of 6.9%; total profit was 15.34 billion yuan, down 2.3% year-on-year.

In the first four months of this year, among the industrial enterprises above designated size, the state-owned holding enterprises realized a total profit of 570.43 billion yuan, a year-on-year decrease of 9.7%; the joint-stock enterprises realized a total profit of 1,287.33 billion yuan, a decrease of 1.0%; foreign and Hong Kong, Macao and Taiwanese investment enterprises realized a total profit of 4455.2. 100 million yuan, down 8.3%; private enterprises realized a total profit of 459.71 billion yuan, an increase of 4.1%.

In the first four months of the year, in the 41 major industrial sectors, the total profit of 27 industries increased year-on-year, and 14 industries decreased. The profit of major industries was as follows: special equipment manufacturing increased by 17.9%, electrical machinery and equipment manufacturing increased by 14.5%, general equipment manufacturing increased by 7.3%, and computer, communications and other electronic equipment manufacturing decreased by 15.3%.

Due to the downward adjustment of the VAT rate since April 1, the demand for some industrial products in April was released ahead of schedule in March. In addition, the profit of industrial enterprises above designated size fell by 3.7% year-on-year in April, which was more volatile than that in March. Big. However, from the average growth rate, the average profit in March and April increased by 5.0%.

Source: National Bureau of Statistics