Data showed that from January to March, the total profit of industrial enterprises above designated size in China reached 1.82538 trillion yuan, up 1.37 times year on year, up 50.2% over the January-March period in 2019, and up 22.6% on average in the two years.

From January to March, among industrial enterprises above designated size, the profits of state-owned holding enterprises totaled 616.54 billion yuan, a year-on-year increase of 1.99 times. The profits of joint-stock enterprises totaled 1.27927 trillion yuan, up by 1.29 times. The profits of enterprises invested by foreign investors and those from Hong Kong, Macao and Taiwan totaled 512.81 billion yuan, up 1.61 times. The profits of private enterprises totaled 516.33 billion yuan, up 91.9%.

From January to March, the total profit of the mining industry reached 151.95 billion yuan, up 77.1% year-on-year. The total profit of the manufacturing sector reached 1536.63 billion yuan, up by 1.58 times; The production and supply of electricity, heat, gas and water achieved a total profit of 136.80 billion yuan, up 56.9%.

In the first three months of this year, profits of 39 in the 41 major industrial sectors increased year-on-year, one industry turned a loss into a profit and one industry reduced its losses. The profits of the major industries are as follows: the total profits of the automobile manufacturing industry increased by 8.43 times, the non-ferrous metal smelting and rolling processing industry increased by 4.71 times, the ferrous metal smelting and rolling processing industry increased by 3.88 times, the manufacturing of chemical raw materials and chemical products increased by 3.43 times, and the manufacturing of electrical machinery and equipment increased by 1.67 times, manufacturing of special equipment grew by 1.46 times, computers, communications and other electronic equipment by 1.41 times, general equipment by 1.19 times, coal mining and washing by 94.3%, non-metallic mineral products by 69.1%, power and heat production and supply by 50.7%, and textiles by 40.4%. The agricultural and sideline food processing industry grew by 28.9%, and the oil and gas extraction industry grew by 18.4%.