According to data released by the National Bureau of Statistics on October 27, from January to September, the total profit of industrial enterprises above designated size in China reached 6,344.08 billion yuan, an increase of 44.7% year on year, 41.2% higher than that in the first nine months of 2019, and a two-year average growth of 18.8%. Among them, the total profit of the chemical raw materials and chemical products manufacturing industry was 583.91 billion yuan, an increase of 1.27 times year-on-year.

Data show that from January to September, the total profit of the mining industry reached 700.69 billion yuan, an increase of 1.62 times year-on-year; The total profit of the manufacturing industry was 5,298.64 billion yuan, up by 42.9%; The production and supply of electricity, heat, gas and water generated a total profit of 344.75 billion yuan, down 15.2 percent.

In the first three quarters of this year, among 41 industrial categories, 35 saw year-on-year growth in total profits, 1 saw a return to profit and 5 saw a decline. The profits of major industries are as follows: The total profit of the petroleum, coal and other fuel processing industry increased by 9.30 times year-on-year, that of the petroleum and natural gas mining industry by 2.67 times, that of the coal mining and washing industry by 1.72 times, that of the non-ferrous metal smelting and rolling processing industry by 1.62 times, that of the ferrous metal smelting and rolling processing industry by 1.45 times, and that of the manufacturing of chemical raw materials and chemical products by 1.27 times. It grew by 38.7 percent in the manufacturing of computers, communications and other electronic equipment, 17.9 percent in the manufacturing of general equipment, 17.8 percent in the manufacturing of special equipment, 16.0 percent in the manufacturing of electrical machinery and equipment, 14.7 percent in the manufacturing of non-metallic mineral products, 1.4 percent in the textile industry, and 1.2 percent in the manufacturing of automobiles. The agricultural and sideline food processing industry decreased by 7.1 percent, and the electricity and heat production and supply industry decreased by 24.6 percent.

Statistics show that in the first three quarters, the operating revenue of industrial enterprises above designated size reached 91.16 trillion yuan, up 22.2% year on year; The incurred operating cost was 76.33 trillion yuan, up by 21.3%; The profit margin of operating income was 6.96%, an increase of 1.09 percentage points year-on-year.

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