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National Bureau Of Statistics: The Profit Of The Steel Industry Fell By 50.5% Year-on-year

Jun. 28, 2020

On June 28, the National Bureau of Statistics released the profit data of industrial enterprises above designated size from January to May 2020. Among them, the profit growth rate in May of the month turned from negative to positive. The data shows that from January to May, the total profits of industrial enterprises above designated size nationwide reached 1,843.49 billion yuan, a year-on-year decrease of 19.3%, and the decline was narrowed by 8.1 percentage points from January-April.

 

From January to May, among 41 major industries, the total profit of 10 industries increased year-on-year, 1 industry remained flat, and 30 industries decreased. The profits of major industries are as follows: the total profit of the computer, communications and other electronic equipment manufacturing industry increased by 34.7% year-on-year, the agricultural and sideline food processing industry increased by 19.0%, the special equipment manufacturing industry increased by 16.6%, the oil and gas extraction industry decreased by 75.8%, and ferrous metals The smelting and rolling processing industry fell by 57.2%, the non-ferrous metal smelting and rolling processing industry fell by 43.7%, the chemical raw materials and chemical products manufacturing industry fell by 38.6%, the automobile manufacturing industry fell by 33.5%, the coal mining and washing industry fell by 31.2%, electricity, Thermal production and supply decreased by 19.5%, non-metallic mineral products decreased by 12.0%, electrical machinery and equipment manufacturing decreased by 11.6%, textile industry decreased by 10.3%, general equipment manufacturing decreased by 6.5%, oil, coal and other fuel processing industries From profit to loss in the same period.

 

In addition, from January to May, among the industrial enterprises above designated size, state-owned holding companies realized a total profit of 440.42 billion yuan, a year-on-year decrease of 39.3%; joint-stock companies realized a total profit of 13.478.8 billion yuan, a decrease of 19.2%; foreign and Hong Kong, Macao and Taiwan-invested enterprises The total profit was 465.92 billion yuan, down 18.4%; the total profit of private enterprises was 560.73 billion yuan, down 11.0%.


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