Before October, China'S Chemical Fiber Manufacturing Industry Increased Profits By 17.2%

The National Bureau of statistics released the production and operation of Industrial Enterprises above Designated Size from 1 to October in November 27th. Data show that from 1 to October, industrial enterprises above Designated Size realized profit 41217 billion yuan, over the same period increase 25.3%.

In October, the profit was 438 billion 300 million yuan, an increase of 12.5% over the same period.

In the industrial enterprises above Designated Size, state-owned and state holding enterprises realized a profit of 12519 billion yuan, an increase of 16.6% over the same period; the profit of collective enterprises was 67 billion 600 million yuan, an increase of 33% over the same period; the joint-stock enterprises realized a profit of 23663 billion yuan, an increase of 30.3% over that of the same period; and foreign and Hong Kong, Macao and Taiwan invested enterprises achieved a profit of 10723 billion yuan, an increase of 11.6% over the same period. Private enterprises realized a profit of 11749 billion yuan, an increase of 44.3% over the same period.

In the 39 industrial sectors, 36 industries increased profits over the same period, while 3 industries declined over the same period.

Profit growth in major industries: oil and natural gas extraction industry profits increased by 38.5% over the same period, ferrous metal mining and mining industry increased by 57.4%, chemical raw materials and chemical products manufacturing increased by 44.4%, chemical fiber manufacturing industry increased by 17.2%, ferrous metal smelting and calendering processing industry increased by 16.7%, non-ferrous metal smelting and calendering processing industry increased by 56.2%, and transportation equipment manufacturing industry increased Length 12.1%.

Oil processing, coking and nuclear fuel processing industry dropped by 89.8%, communications equipment, computers and other electronics. Equipment manufacturing industry A drop of 2.3%, and electricity and thermal production and supply fell by 3.5%.