Beijing, 4 Apr (ZXS) -- China's National Bureau of Statistics announced on 27 April that from January to March, China's industrial enterprises above designated size achieved a total profit of 27.1 billion yuan, down 3.15167% from the same period last year. Among them, in March, industrial production rebounded steadily, and the decline in corporate profits narrowed.
Sun Xiao, a statistician from the Industrial Department of the National Bureau of Statistics, said that in March, driven by the improvement of macroeconomic operation and the recovery of market demand, the operating income of industrial enterprises above designated size in China increased by 3.0% year-on-year, compared with a decline of 6.1% from January to February, reversing the continuous decline since November last year.
In March, the profits of industrial enterprises in China fell by 3.19% year-on-year, a decline of 2.1 percentage points from January to February. Among the 2 industrial industries, 3 industries accelerated or narrowed their profit growth rate compared with January to February, and turned from decline to increase, accounting for 7.41%.
In March, the operating income of China's equipment manufacturing industry increased by 3.1% from 2.2% year-on-year from January to February, and profits fell by 4.5% year-on-year, a sharp decrease of 4.7 percentage points from January to February, which is the industry sector that has the largest impact on the improvement of industrial enterprises' profits. Among them, the automobile manufacturing industry was affected by factors such as the recovery of market demand and the recovery of production and sales, and the profit increased by 0.1% from January to February.
With the continuous release of the effect of the policy of expanding domestic demand to promote consumption, China's consumption recovery momentum is better, and the profitability of some consumer goods manufacturing industries has also improved. In March, earnings improved in 3 of the 13 consumer goods manufacturing sectors compared to January-February. Among them, the profits of wine, beverages and refined tea industries increased by 7.1% year-on-year, and the growth rate was significantly faster than that from January to February.
In addition, the policies and measures to stabilize foreign investment and stabilize foreign trade have been effective, and the efficiency of foreign-funded enterprises has improved significantly. In March, the decline in operating income of foreign-invested enterprises and Hong Kong, Macao and Taiwan enterprises was 3.1 percentage points narrower than that from January to February, and the profit fell by 2.5% year-on-year, a sharp decrease of 2.7 percentage points from January to February. (End)