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Profits of large-scale industrial enterprises increased by 15.2% year-on-year in the first two months
This report from Beijing, March 27 (Reporter Liu Zhiqiang) - On March 27, the National Bureau of Statistics announced that in the first two months of this year, profits of industrial enterprises above designated size reached 1,024.56 billion yuan, a year-on-year increase of 15.2%.
In the first two months, the operating income of large-scale industrial enterprises increased by 5.3% year-on-year, accelerating by 4.2 percentage points compared to the entire previous year. The significant improvement in operating income has created favorable conditions for the recovery of corporate profits.
In the first two months, the operating income of large-scale equipment manufacturing enterprises increased by 8.9% year-on-year, higher than the 3.6 percentage points for all large-scale industrial enterprises. The rapid growth in operating income has driven a year-on-year profit increase of 23.5% in large-scale equipment manufacturing. The profits of large-scale high-tech manufacturing enterprises increased by 58.7% year-on-year, contributing 7.9 percentage points to the profit growth of all large-scale industrial enterprises.