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China's Added Value of Industries Above Designated Scale Profits +21.1% YoY in May; +18.8% YoY in First Five Months
2026-06-29 08:42:33 The National Bureau of Statistics announced that in the first five months, industrial enterprises above designated scale nationwide realized total profits of RMB3.14 trillion, representing a YoY increase of 18.8%. In May, profits of industrial enterprises above designated scale rose 21.1% YoY. Among industrial enterprises above designated scale in the first five months, state-controlled enterprises realized total profits of RMB1.05 trillion, up 19.6% YoY; joint-stock enterprises recorded a 24.1% increase in total profits; foreign-invested enterprises as well as those invested by Hong Kong, Macau and Taiwan saw total profits rise 4.2%; private enterprises reported a 10.7% increase in total profits. In the first five months, the mining sector realized total profits up 33.5% YoY; manufacturing profits increased 20%; while the production and supply of electricity, heat, gas and water posted a 2.7% decline in total profits. By major industries, profits in non-ferrous metal smelting and rolling processing surged 117.1% YoY; computer, communications and other electronic equipment manufacturing rose 103.9%; chemical raw materials and chemical products manufacturing increased 71.6%; coal mining and washing grew 33.5%; oil and natural gas extraction rose 17.2%; textile industry increased 11.7%. General equipment manufacturing edged down 0.2%; electricity and heat production and supply fell 4.1%; special equipment manufacturing declined 5.5%; agricultural and sideline food processing dropped 13.3%; electrical machinery and equipment manufacturing decreased 13.7%; automobile manufacturing fell 19.8%; ferrous metal smelting and rolling processing slid 37.4%; non-metallic mineral products declined 48.9%; while petroleum, coal and other fuel processing turned from loss to profit. In the first five months, industrial enterprises above designated scale generated operating revenue of RMB56.55 trillion, up 5.5% YoY, with operating costs of RMB48.04 trillion, up 4.7%. The operating revenue profit margin was 5.56%, up 0.63 ppts YoY. As of end-May, total assets of industrial enterprises above designated scale amounted to RMB193.55 trillion, up 5.8% YoY; total liabilities were RMB112.69 trillion, up 6.5%; owners' equity totaled RMB80.87 trillion, up 5%. The asset-liability ratio stood at 58.2%, up 0.3 ppts YoY. Accounts receivable reached RMB28.17 trillion at end-May, up 7.7% YoY; finished goods inventories were RMB7.14 trillion, up 8.8%. (jl/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |