China's industrial profits rose 51.6% in the first 10 months of the previous year

According to data released by the National Bureau of Statistics of the People's Republic of China on the 26th, from January to October, profits of industrial enterprises above designated size in 24 regions across the country amounted to 2.838 trillion yuan, a year-on-year increase of 51.6%, a decrease of 1.9 percentage points from January to September.
Of the 39 major industries, 37 industries saw a year-on-year increase in profits. One industry turned losses, and one industry saw a drop in profits. Compared with January to September, the profit growth of 24 industries decreased year-on-year, and the growth rate of 13 industries increased. The profit growth of major industries was as follows: oil and natural gas extraction industry profits increased by 69.7% year-on-year, ferrous metal mining industry increased by 1.23 times, chemical raw materials and chemical products manufacturing increased by 56.9%, chemical fiber manufacturing increased by 1.28 times, ferrous metal smelting And rolling processing industry increased by 60.1%, non-ferrous metal smelting and rolling processing industry increased by 95.5%, transportation equipment manufacturing increased by 67.4%, communication equipment, computers and other electronic equipment manufacturing increased by 74.7%, electricity and heat production and supply The increase was 1.37 times; the petroleum processing, coking, and nuclear fuel processing industries fell by 8.2%.
The income from main operations of industrial enterprises above designated size in 24 regions was 451.309 billion yuan, a year-on-year increase of 32.1%, which was an increase of 0.5 percentage points from January to September.
At the end of October, the receivables of industrial enterprises above designated size in the 24 regions were 4.8356 trillion yuan, a year-on-year increase of 22%, which is a decrease of 0.6 percentage points from the end of September. The funds for finished goods were 1,985,500,000 yuan, an increase of 9.3% over the same period of last year, an increase of 1.5 percentage points over the end of September.

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