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China’s industrial enterprises’ profit declines by 19.3 per cent

  

Data released by the National Bureau of Statistics reveals that the profit of China’s industrial enterprises from January to May decreased by 19.3 percentage points on a year-on-year basis to total over CNY 1.84 trillion. The profit of its manufacturing industry also declined by 16.6 per cent to total over CNY 1.54 trillion.

From January to May, the main business income of Chinese textile enterprises above designated size decreased by 7.4 per cent to reach CNY 36.88 trillion compared with the same period the previous year; the profit of textile industry totaled CNY 30.96 billion, with year-on-year decline of 10.3 per cent. While the main business income of enterprises above designated size in garment and accessories industry declined by 16.9 per cent year-on-year to reach CNY 464.7 billion. The profit of garment and accessories industry declined by 29.2 per cent year-on-year to reach CNY 18.05 billion,

From January to May, China’s main income from its leather, fur, feather and their products and footwear industry declined by 18.1 per cent year-on-year to reach CNY 362.85 billion, while their profit totaled CNY 16.74 billion, with year-on-year decline of 30.3 per cent.

From January to May, the main business income of enterprises above designated size in chemical fiber manufacturing industry declined by 18.0 per cent year-on-year to CNY 286.29 billion, while its profit declined by 59.1 per cent to total CNY 4.1 billion, In May, the profit of industrial enterprises above designated size improved by 6.0 per cent to total CNY 582.34 billion

 
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