On May 30, Zhongxin Finance announced the operation of the Internet and related service industries from January to April 2022 on the website of the Ministry of Electricity, Industry and Information Technology. The growth rate of Internet business revenue rebounded slightly, the decline in total profit expanded, and R&D expenses accelerated.
From January to April, my country's Internet and related service companies above designated size (hereinafter referred to as Internet companies) completed business revenue of 443.7 billion yuan, a year-on-year increase of 2.7%, and the growth rate was 1.3 percentage points higher than that in the first quarter.
Operating costs have increased, and profit growth has been under obvious pressure.
From January to April, the operating costs of Internet enterprises above designated size in my country increased by 7.0% year-on-year, and the growth rate was 2.6 percentage points higher than that in the first quarter.
The total profit achieved was 32.14 billion yuan, a year-on-year decrease of 25.4%, and the decline was 15.1 percentage points higher than that in the first quarter.
R&D spending accelerated.
From January to April, my country's Internet companies above designated size invested a total of 25.09 billion yuan in research and development, a year-on-year increase of 10.4%, and the growth rate was 2 percentage points higher than that in the first quarter.
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