Economy

In the first two months, the profits of industrial enterprises above designated size in China increased by 15.2% year-on-year

2026-03-27   

On the 27th, the National Bureau of Statistics released data showing that from January to February, industrial enterprises above designated size in China achieved a total profit of 1024.56 billion yuan, a year-on-year increase of 15.2%. From January to February, various regions and departments intensified the implementation of more proactive macro policies, focusing on the integrated effect of stock policies and incremental policies. The profit growth of industrial enterprises above designated size accelerated, and the profits of most industries rebounded. The profits of equipment manufacturing and high-tech manufacturing industries grew rapidly, and the profitability of industrial enterprises showed a sustained recovery trend. ”Yu Weining, Chief Statistician of the Industrial Department of the National Bureau of Statistics, said. From the perspective of the three major categories, from January to February, the profits of industrial enterprises above designated size in the manufacturing industry increased by 18.9% year-on-year, accelerating by 13.9 percentage points compared to the whole year of the previous year; The mining industry grew by 9.9%, compared to a 26.2% decrease for the entire year of the previous year; The production and supply of electricity, heat, gas, and water increased by 3.7%. The growth of operating revenue is accelerating. From January to February, the operating income of industrial enterprises above designated size increased by 5.3% year-on-year, and the growth of operating income improved significantly. Most industries have achieved profit growth, with over 60% of industries rebounding. From January to February, among 41 major industrial sectors, 24 industries saw a year-on-year increase in profits, with a growth rate of 58.5%; The profit growth of 26 industries has accelerated or narrowed compared to the whole year last year, with a rebound rate of over 60%. The unit cost of industrial enterprises has decreased, and the profit margin has increased. From January to February, the cost per 100 yuan of operating income for industrial enterprises above designated size was 84.83 yuan, a year-on-year decrease of 0.24 yuan. The cumulative cost of industrial enterprises decreased for the first time since 2022; The operating revenue profit margin was 4.92%, an increase of 0.43 percentage points year-on-year. The data also shows that in the first two months, the profits of large and small enterprises increased by 8.7% and 17.1% year-on-year, respectively, from a decrease of 0.2% and 0.8% in the previous year. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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