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

25

Official data points to a sizeable decline in the profits of China’s large-scale industrial enterprises in 2019, with the noteworthy exception of domestic private concerns.

The profits of industrial enterprises above designated size in China totalled 6.19955 trillion yuan in 2019, for a YoY decline of 3.3%.

Of these firms state-owned share controlled enterprises posted total profits of 1.63555 trillion yuan, for a YoY decline of 12.0%, and joint-stock enterprises saw total profits of 4.52839 trillion yuan, for a YoY decline of 2.9%.

Foreign and Hong Kong, Macau or Taiwan investor companies saw total profits of 1.558 trillion yuan, for a decline of 3.6%.

Privately run industrial enterprises above designated size were the only group to buck the trend, with total profits of 1.81819 trillion yuan in 2019, for a rise of 2.2%.

“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.

China’s mining sector saw total profits of 527.53 billion yuan in 2019, for a YoY rise of 1.7%, while the manufacturing sector’s profits were 5.19039 trillion yuan,n for a decline of 5.2%.

Power, thermal, gas and water saw profits o 481.63 billion yuan, for a rise of 15.4%.

Related stories

Large-scale Chi­nese In­ter­net En­ter­prises See 21.4% Growth in Op­er­at­ing Rev­enues in 2019

En­ter­prises above Des­ig­nated Size (规模以上企业)

LEAVE A REPLY

Please enter your comment!
Please enter your name here