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According to data released by the Ministry of Industry and Information Technology on the 2nd, the main business income of industrial enterprises above designated size in January-February was 6,060.1 billion yuan, down 3.1% year-on-year, and the profit was 219.1 billion yuan, a year-on-year decrease of 130.2 billion yuan, down from a year-on-year increase of 16.5%. 37.3%. The company’s loss has expanded to a quarter.
In January-February, the loss of industrial enterprises above designated size was 25.3%, an increase of 7.3 percentage points from January to November last year; the loss of loss-making enterprises was 134.3 billion yuan, a year-on-year increase of 36.6%. The increase in occupancy of “two funds†was reduced. The funds for finished products accounted for 1.98 trillion yuan, and the net amount of accounts receivable was 3.93 trillion yuan, up 11.7% and 7.3% respectively year-on-year. The growth rate dropped by 9.5 and 9.9 percentage points year-on-year.
In terms of industries, the profits of the nonferrous metals, metallurgical and electronics industries fell by more than 90%. The non-ferrous metals industry achieved a profit of 0.8 billion yuan, down 99.5% year-on-year. The metallurgical industry realized a profit of 3.83 billion yuan, a decrease of 90.1%. The electronics industry realized a profit of 680 million yuan, a drop of 96.3%.
The profits of the petrochemical and power industries fell by about 60%. The profit of the petrochemical industry decreased by 44 billion yuan year-on-year, down 57.3%. The profit of the power industry decreased by 5.26 billion yuan year-on-year, a decrease of 61.9%, and the decrease was 6% year-on-year.
Machinery industry profits fell by nearly a quarter. The decline in profits in the light industry, textile and building materials industries is relatively small. Profits in the coal, pharmaceutical and tobacco industries maintained rapid growth.
Industrial profit in the first two months decreased by 37% year-on-year