The profits of Chinese enterprises above designated size posted a year-on-year gain of 16.1% for the first two months for 2018.
Data from the National Bureau of Statistics indicates that China’s enterprises above designated size realised total profits of 968.9 billion yuan in January and February.
State-holding enterprises posted profits of 291.8 billion yuan for a year-on-year rise of 29.6%, collective enterprises achieved profits of 3.69 billion yuan for a year-on-year rise of 2.8%, while share-controlled companies saw profits of 682.95 billion yuan, for a year-on-year rise of 21%.
Foreign-invested and Hong Kong, Taiwanese and Macanese enterprise posted profits of 225.96 billion yuan, for an increase of 2%, while private enterprises achieved profits of 289.08 billion yuan, for a year-on-year increase of 10%.
The mining and resources sector posted a year-on-year profit gain of 42.1% for January – February, achieving total profits of 87.79 billion, while the manufacturing sector achieved profits of 810.0 billion yuan, for a year-on-year gain of 12.5%.
The utilities sector, encompassing power, heating, natural gas and water production and supply, achieved profits of 71.11 billion yuan, for a year-on-year rise of 35.2%.