Download
China's industrial profits down 3% in first 10 months
Updated 14:37, 27-Nov-2022
CGTN

Translating...

Content is automatically generated by Microsoft Azure Translator Text API. CGTN is not responsible for any of the translations.

A worker operates at a production line in east China's Jiangsu Province, May 27, 2022. /CFP
A worker operates at a production line in east China's Jiangsu Province, May 27, 2022. /CFP

A worker operates at a production line in east China's Jiangsu Province, May 27, 2022. /CFP

Profits of China's major industrial firms declined three percent year on year in the first ten months of the year, data from the National Bureau of Statistics (NBS) showed Sunday.

Industrial firms with annual main business revenue of at least 20 million yuan (about $2.8 million) each saw their combined profits reach about 6.98 trillion yuan in the period, the NBS said.

The combined revenues of these firms sustained growth during the period, rising 7.6 percent year on year to 111.78 trillion yuan.

A total of 19 out of 41 major industries saw growth in profits in the January-October period, the NBS said. The oil and gas exploration sector saw profits jump 1.1 times, while the coal mining and washing industry reported a 62-percent hike.

Senior NBS statistician Zhu Hong noted that despite the overall profit decline, the business profit structure of industrial firms continues to improve, with some firms in the midstream and downstream of the industry chain posting an evident uptick in profit margins.

Source(s): Xinhua News Agency

MORE FROM CGTN

{"type":2,"value":"CGTN","commentator":[{"id":407,"name":"Gong Zhe","photograph":"https://news.cgtn.com/editor/2020-09-28/43/image/1601277199374.png","url":"https://www.cgtn.com/stars/Gong-Zhe.html"}],"valueShow":false,"commentatorShow":true}

Technology

14:52, 19-Mar-2025

People enjoy coffee amid blossoming rapeseed flowers in Yichang
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Culture

08:42, 19-Mar-2025

Event on China's development, China-Türkiye ties held in Ankara
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

China

06:39, 19-Mar-2025

Traditional Qingming rice cakes get a colorful twist
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Culture

06:23, 19-Mar-2025

TOP NEWS

Xi's inspection tour in Guizhou spotlights high-quality development
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

China

10:55, 18-Mar-2025

Stable China-U.S. trade ties will benefit global firms: vice minister
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

China

09:03, 19-Mar-2025

Russia, Ukraine swap hundreds of POWs each in latest exchange
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Europe

13:43, 19-Mar-2025

Search Trends