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Industrial Profits Increased by 4 1 Percent in 2020

  In 2020, among the industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 1,486.08 billion yuan, a decrease of 2.9 percent over the previous year; joint stock enterprises achieved a total profit of 4,544.53 billion yuan, an increase of 3.4 percent; enterprises invested by foreign investors, Hong Kong, Macao and Taiwan achieved a total profit of 1,823.41 billion yuan, an increase of 7.0 percent; private enterprises achieved a total profit of 2,026.18 billion yuan, an increase of 3.1 percent.   In 2020, the total profit of the mining industry reached 355.32 billion yuan, down 31.5 percent from the previous year; the total profit of the manufacturing industry reached 5,579.51 billion yuan, up 7.6 percent; the total profit of the power, heat, gas and water production and supply industry reached 516.78 billion yuan, up 4.9 percent.

Industrial Profits Increased by 2 4 Percent in the First Eleven Months of 2020

From January to November, China s industrial enterprises above designated size achieved a total profit of 5,744.5 billion yuan, a year-on-year increase of 2.4 percent (according to the comparable caliber, see Note 2 for details), and the growth rate was 1.7 percentage points higher than that from January to October.   From January to November, among the industrial enterprises above designated size, the total profits of state-owned holding enterprises were 1445.69 billion yuan, down 4.9 percent year on year; the total profits of joint-stock enterprises were 4,058.01 billion yuan, up 2.3 percent; the total profits of foreign-invested enterprises, Hong Kong, Macao and Taiwan enterprises were 1,610.52 billion yuan, up 4.3 percent; the total profits of private enterprises were 1,733.22 billion yuan, up 1.8 percent.

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