📈 Industrial Enterprise Profits Maintain Growth in January-May 📈

According to the National Bureau of Statistics, the profits of industrial enterprises above designated size continued to grow from January to May. With the continuous release of macroeconomic policy effects and the steady recovery of market demand, the benefits of industrial enterprises above designated size have continued to recover, and profits have kept growing, showing the following main characteristics:

📊 Key Features of Industrial Profit Growth 📊

• Profit Growth: From January to May, the profits of industrial enterprises above designated size nationwide grew by 3.4% year-on-year, continuing the growth trend since the beginning of the year.
• Revenue Recovery: The operating revenue of industrial enterprises above designated size grew by 2.9% year-on-year, accelerating by 0.3 percentage points compared to January-April.
• Industry Growth: Nearly 80% of industries achieved profit growth, with 32 out of 41 industrial categories seeing a profit increase year-on-year.
• Sector Performance: The manufacturing industry's profits grew by 6.3%, maintaining overall stability. The power, heat, gas, and water production and supply industry saw profits grow by 29.5%.
• Equipment Manufacturing: Equipment manufacturing profits grew by 11.5% year-on-year, becoming a significant engine for profit growth.
• Consumer Goods Manufacturing: Profits in the consumer goods manufacturing industry grew by 10.9% year-on-year, maintaining double-digit growth.
• Raw Material Manufacturing: The decline in profits for the raw material manufacturing industry narrowed, with a decrease of 15.1% year-on-year, an improvement of 4.1 percentage points compared to January-April.

Despite the continuous recovery of benefits for industrial enterprises above designated size, domestic effective demand remains insufficient, and the foundation for the recovery of enterprise benefits is still not solid. The next steps include implementing policy measures, promoting new industrialization, expanding effective demand, and boosting the confidence of business entities to drive the continuous recovery and improvement of the industrial economy.

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