The profits of Chinese enterprises above designated size posted a year-on-year gain of 16.1% for the first two months for 2018.
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%.