Business trends
In the first four months, the profit of chemical raw materials and products industry increased by 2.72 times year on year
According to the profit data of industrial enterprises released by the National Bureau of statistics on May 27, the market demand continued to recover in the first four months of this year, the production and operation of industrial enterprises were stable and good, the total profit continued to maintain rapid growth, and the quality and efficiency of enterprises continued to improve.
Data show that from January to April, the profits of Industrial Enterprises above Designated Size in China reached 2594.35 billion yuan, a year-on-year increase of 1.06 times, continuing the trend of rapid growth since the second half of last year; Compared with the same period in 2019, the profit increased by 49.6%, with an average growth of 22.3% in two years.
Driven by the improvement of market demand and the rise of commodity prices, the profits of the petroleum and chemical industry maintained rapid growth. From January to April, the total profit of oil and gas exploitation industry was 58.16 billion yuan, an increase of 1.19 times; The oil processing industry turned losses into profits, with a new profit of 165.83 billion yuan; The total profit of chemical raw materials and chemical products industry was 247.31 billion yuan, up 2.72 times year on year.