Industrial profits increased in the first four months of 2018

In the first four months of 2018, the profits made by industrial  enterprises above the designated size achieved 2,127.17 billion yuan, a  year-on-year increase of 15.0 percent, and the growth rate increased by 3.4  percentage points from the first three months.

In the first four months, the profits of state-holding industrial enterprises above the designated size gained 627.03 billion yuan, an increase of 26.2 percent year-on-year; that of collective-owned enterprises reached 7.53 billion yuan, an increase of 9.6 percent; that of joint-stock enterprises stood at 1,491.9 billion yuan, up by 19.1 percent; that of foreign funded enterprises, and enterprises funded from Hong Kong, Macao and Taiwan achieved 520.57 billion  yuan, increased by 4.4 percent; and that of private enterprises gained 590.29 billion yuan, an increase of 11.5 percent.

In the first four months, the profits of mining and quarrying reached 184.84 billion yuan, an increase of 39.0 percent year-on-year; that of  manufacturing was 1,796.37 billion yuan, an increase of 12.0 percent; that of  production and distribution of electricity, heat, gas and water reached 145.96 billion yuan, up by 28.7 percent.

In the first four months, within 41 branches of industrial divisions, the industrial profits of 29 industrial divisions increased year-on-year, that of 1 remained at the same level, and that of 11 decreased. In view of the profit growth of major industries, the profits of mining and washing of coal increased  by 15.5 percent year-on-year, that of extraction of petroleum and natural gas  increased by 2.1 times, that of processing of food from agricultural products increased by 2.1 percent year-on-year, that of manufacture of textile up by 1.0  percent, that of processing of petroleum, coal and other fuels increased by 19.6  percent, that of manufacture of chemical raw material and chemical products  increased by 23.0 percent, that of manufacture of non-metallic mineral products  increased by 45.2 percent, that of manufacture and processing of ferrous metals increased by 95.4 percent, that of manufacture of general-purpose machinery up  by 9.8 percent, that of manufacture of special-purpose machinery up by 23.9  percent, that of manufacture of electrical machinery and equipment increased by  2.7 percent, that of production and supply of electric power and heat power up  by 30.3 percent, that of manufacture and processing of non-ferrous metals decreased by 15.8 percent, that of manufacture of motor vehicles decreased by  0.6 percent, that of manufacture of computer, communication equipment and other electronic equipment decreased by 5.3 percent.