China News Agency, Beijing, December 27 (Reporter Wang Enbo) The National Bureau of Statistics of China announced on the 27th that from January to November, China's industrial enterprises above designated size realized a total profit of 7,717.96 billion yuan, a year-on-year decrease of 3.6%.

The official stated that due to factors such as the rebound of the epidemic and insufficient demand, industrial production has slowed down and business pressure has increased, but the profit structure has continued to improve.

  According to Zhu Hong, senior statistician of the Industry Department of the National Bureau of Statistics, from January to November, the operating income of industrial enterprises above designated size in China increased by 6.7% year-on-year, and the overall sales of enterprises maintained a stable growth.

Affected by factors such as the rebound of the epidemic and insufficient demand, the year-on-year decline in profits of industrial enterprises increased by 0.6 percentage points compared with the first ten months.

  Individual industries and a few key enterprises have a greater impact on the profit drop of industrial enterprises.

Among them, the profits of the iron and steel and petroleum processing industries fell sharply year-on-year, and the profits of the two key vaccine companies decreased significantly year-on-year due to their high profit bases over the same period.

Excluding the above-mentioned industries and enterprises, the profits of other designated industrial enterprises increased by 6.6% year-on-year.

  The rapid development of key industries and the easing of cost pressures have led to continued growth in the profitability of China's equipment manufacturing industry.

From January to November, the profit of the equipment manufacturing industry increased by 3.3% year-on-year, and the growth rate was 0.1 percentage points faster than that from January to October; the profit of the equipment manufacturing industry accounted for 33.1% of the industry above the designated size, which was higher than that of January-October and the first half of the year. 0.9 and 5.5 percentage points, the industry structure of industrial enterprise profits continues to improve.

  As all aspects continue to increase the protection of people's livelihood and strengthen the production and supply of key products, the profits of China's basic consumer goods industry have also maintained a growth trend.

From January to November, the profits of the wine, beverage and tea industry increased by 21.5% year-on-year, maintaining a relatively high growth rate; the profits of the tobacco, food manufacturing, culture, education, art, and leather shoe industries increased by 5.9%-8.6% respectively.

  The data disclosed on the same day also showed that from January to November, the profits of the mining industry increased by 51.4% year-on-year, and the profits of the electricity, heat, gas and water production and supply industries increased by 26.1% year-on-year, all of which maintained relatively high growth rates.

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