Business trends
Chemical raw materials and manufacturing profits increased by 20.9% over last year
According to the data released by the National Bureau of statistics on January 27, in 2020, the total profits of Industrial Enterprises above Designated Size will reach 6451.61 billion yuan, an increase of 4.1% over the previous year. Among them, the total profit of chemical raw materials and chemical products manufacturing industry was 425.76 billion yuan, up 20.9% year on year.
According to the data, in 2020, the total profit of mining industry will reach 355.32 billion yuan, down 31.5% from the previous year; the total profit of manufacturing industry will reach 5579.51 billion yuan, up 7.6%; the total profit of power, heat, gas and water production and supply industry will reach 516.78 billion yuan, up 4.9%.
The profit growth is more than 60%, and the driving effect of manufacturing industry is obvious. In terms of industries, in 2020, 26 of the 41 major industrial sectors will have their profits increased over the previous year, of which 15 industries will have double-digit growth in profits, with 63.4% of the industries with profit growth.