From January to March, the total profits of industrial enterprises above designated size nationwide reached 1,509.36 billion yuan, an increase of 0.8% year-on-year.

From January to March, among industrial enterprises above designated size, state-owned holding enterprises achieved total profits of 559.95 billion yuan, down 1.4% year-on-year; joint-stock enterprises achieved total profits of 1,110.15 billion yuan, up 0.1%; foreign-invested and Hong Kong, Macao, and Taiwan-invested enterprises achieved total profits of 388.35 billion yuan, up 2.8%; and private enterprises achieved total profits of 370.97 billion yuan, down 0.3%.

From January to March, the mining industry achieved total profits of 220.44 billion yuan, down 25.5% year-on-year; the manufacturing industry recorded total profits of 1,082.64 billion yuan, up 7.6%; and the electricity, heat, gas, and water production and supply industry generated total profits of 206.28 billion yuan, an increase of 5.4%.

From January to March, the profit performance of major industries was as follows: The agro-food processing industry saw a year-on-year profit increase of 40.3%, while the non-ferrous metal smelting and rolling industry grew by 33.6%.

The manufacturing of specialized equipment grew by 14.2%, the manufacturing of general-purpose equipment grew by 9.5%, the manufacturing of electrical machinery and equipment grew by 7.5%, the textile industry grew by 7.1%, the electricity, heat production and supply industry grew by 6.1%, and the manufacturing of computers, communications, and other electronic equipment grew by 3.2%.

The manufacturing of chemical raw materials and chemical products declined by 0.4%, the oil and gas extraction industry fell by 3.1%, the automotive manufacturing industry decreased by 6.2%, the non-metallic mineral products industry dropped by 14.2%, and the coal mining and washing industry plunged by 47.7%.

The petroleum, coal, and other fuel processing industry saw a year-on-year reduction in losses, while the ferrous metal smelting and rolling industry turned from loss to profit year-on-year.