China News Service, Beijing, November 27 (Reporter Wang Enbo) The National Bureau of Statistics of China announced on the 27th that in October, the profits of China's industrial enterprises above designated size increased by 24.6% year-on-year, an increase of 8.3 percentage points from the previous month, and rebounded for two consecutive months; two The average annual growth rate was 26.4%, an acceleration of 13.2 percentage points.
From January to October, China's industrial enterprises above designated size achieved a total profit of RMB 716.499 billion, a year-on-year increase of 42.2%, an increase of 43.2% over the same period in 2019, and an average increase of 19.7% in two years, continuing to maintain a rapid growth trend.
The data picture shows workers working in a workshop of a steel product enterprise in Quanzhou, Fujian.
Photo by China News Agency reporter Wang Dongming
Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics, said that with the vigorous advancement of policy measures such as maintaining supply and stabilizing prices and helping companies to relieve difficulties, the production and operation conditions of China's industrial enterprises have continued to improve, and the profit growth rate has increased steadily.
In October, driven by the high prices of production materials, the profits of the mining industry and the raw material manufacturing industry increased by 2.81 times and 56.1% year-on-year respectively, which were significantly higher than the industrial average, and the growth rate was 51.7 and 18.4 percentage points higher than the previous month.
In terms of industries, with the implementation of energy supply policies and measures, coal production increased rapidly in October, driving the coal industry's profit to increase by 4.38 times year-on-year, and the growth rate was 69.6 percentage points higher than the previous month; non-ferrous metals and chemical industries increased by 1.68 times, respectively. 63.9%, the growth rate was 71.3 and 21.7 percentage points faster than the previous month; the profit of the steel industry increased by 57.3%, maintaining rapid growth.
The profit of the consumer goods manufacturing industry has also turned from a decline to an increase.
In October, factors such as increased orders for stocking during Double Eleven and other holidays drove the demand for related consumer goods. The profit of consumer goods manufacturing industry increased from a year-on-year decline of the previous month to an increase of 3.6%. Among them, more than 70% of consumer goods manufacturing industry profits rebounded.
Zhu Hong also introduced that with the further implementation of the relief policy for companies and the fact that a small number of companies confirmed the impact of large investment income, the profit of private enterprises in October increased by 28.8% year-on-year, and the growth rate was 21.0 percentage points higher than the previous month, and rebounded for two consecutive months. ; Among them, 14 industries have a profit growth rate of more than 20%, showing a good momentum of development.
The contribution rate of private enterprises to the profit growth of industrial enterprises above designated size was 42.7%, an increase of 27.6 percentage points from the previous month.
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