Chinese Industrial Profits Rise 6.0% YoY in May

 -  -  191


China’s large-scale industrial enterprises have just posted their first year-on-year (YoY) profit rise following the economic impacts of the COVID-19 pandemic.

In the month of May industrial enterprises above designated size in China realised total profits of 582.34 billion yuan, for a YoY rise of 6.0%, as compared to a decline of 4.3% in April.

For the period from January to May industrial enterprises above designated size in China achieved total profits of 1.84349 trillion yuan, for a YoY drop of 19.3%, and a deceleration of 8.1 percentage points compared to the period from January to April.

“En­ter­prises above des­ig­nated size” (规模以上企业) is a sta­tis­ti­cal term used in the Peo­ple’s Re­pub­lic of China to re­fer to in­dus­trial en­ter­prises with an­nual main busi­ness rev­enue of 20 mil­lion yuan or more.

As of the end of April the total assets of industrial enterprises above designated size was 118.94 trillion yuan, for a YoY rise of 6.4%, while total liabilities were 67.72 trillion yuan, for a YoY rise of 6.6%.

Related stories

Large-scale In­dus­trial En­ter­prises in China Post 38.3% YoY De­cline in Prof­its amidst COVID-19

Only 61% of Bei­jing’s Large-scale In­dus­trial En­ter­prises Re­sume Op­er­a­tion as Coro­n­avirus Con­tain­ment Con­tin­ues

Chi­na’s Large-scale In­dus­trial Com­pa­nies Post 3.3% Profit De­cline in 2019, Pri­vate En­ter­prises See 2.2% In­crease

19 recommended
comments icon 1 comment
1 notes
208 views
bookmark icon

Write a comment...

Your email address will not be published. Required fields are marked *