On April 27, the data released by the National Bureau of Statistics showed that in the first quarter, with the continuous strengthening of the implementation of macro-combination policies, market demand gradually improved, industrial production rebounded, and the profits of industrial enterprises above scale continued to grow.

The profits of industrial enterprises have continued to grow. From January to March, the total profits of industrial enterprises above the national scale reached 1.50553 trillion yuan, an increase of 4.3 percent over the same period last year, turning to positive growth from a decrease of 2.3 percent in the whole of the previous year. Of this total, the profits of the oil and natural gas mining industry totaled 102.82 billion yuan, up 3.8 percent from the same period last year, while those of the chemical raw materials and chemical products manufacturing industry totaled 79.43 billion yuan, down 3.5 percent from the same period last year.

In the first quarter, among the industrial enterprises above scale, the total profits of state-controlled enterprises were 573.82 billion yuan, down 2.6% from the same period last year; the total profits of joint-stock enterprises were 1.1203 trillion yuan, up 0.8%; the total profits of foreign investors and enterprises invested by Hong Kong, Macao and Taiwan were 373.75 billion yuan, up 18.1%; and the total profits of private enterprises were 367.97 billion yuan, up 5.8%.

According to the data, from January to March, the total profits of the mining industry totaled 296.17 billion yuan, down 18.5 percent from the same period last year; the total profits of the manufacturing industry totaled 1.01724 trillion yuan, up 7.9 percent; and the total profits of the electricity, heat, gas and water production and supply industries totaled 192.12 billion yuan, up 40.0 percent.

Nearly 70% of the industry's profits have increased. In the first quarter, the profits of 28 of the 41 major industrial industries increased over the same period last year, accounting for 68.3 percent, an increase of 2.4 percentage points over the whole of the previous year. The profits of the main industries are as follows: the profits of the computer, communications and other electronic equipment manufacturing industry increased by 82.5%, the non-ferrous metal smelting and Calendering industry increased by 57.2%, the power, thermal production and supply industry grew by 47.5%, and the automobile manufacturing industry grew by 32.0%. The textile industry grew by 25.0%, the general equipment manufacturing industry by 7.9% and the oil and gas mining industry by 3.8%. The agricultural and non-staple food processing industry grew by 2.0%, the chemical raw material and chemical products manufacturing industry decreased by 3.5%, the electrical machinery and equipment manufacturing industry dropped by 6.9%, the special equipment manufacturing industry dropped by 7.2%, and the coal mining and washing industry dropped by 33.5%. The non-metallic mineral products industry dropped by 54.2%, the oil, coal and other fuel processing industries changed from profit to loss, and the losses in ferrous metal smelting and Calendering processing industries increased.

Data show that from January to March, industrial enterprises above scale achieved operating income of 30.96 trillion yuan, an increase of 2.3% over the same period last year; operating costs of 26.38 trillion yuan, an increase of 2.5%; and profit margin of operating income of 4.86%, an increase of 0.09% over the same period last year.

At the end of March, the assets of industrial enterprises above scale totaled 169.14 trillion yuan, up 6.1 percent from the same period last year; liabilities totaled 96.85 trillion yuan, up 5.7 percent; owners' equity totaled 72.29 trillion yuan, up 6.6 percent; and the asset-liability ratio was 57.3 percent, down 0.2 percent from the same period last year.

At the end of March, accounts receivable of industrial enterprises above scale totaled 23.33 trillion yuan, up 8.2 percent over the same period last year, and inventory of finished goods totaled 6.26 trillion yuan, up 2.5 percent.