The profit of the textile enterprises above designated size increased by 40.4 percent YoY in Q1

Jun 09, 2021  |  by Zhao Xinhua
From January to March, China’s industrial enterprises above designated size achieved a total profit of 1,825.38 billion yuan, a year-on-year increase of 1.37 times, an increase of 50.2 percent over January to March 2019, and an average increase of 22.6 percent in two years.


From January to March, among the industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 616.54 billion yuan, a year-on-year increase of 1.99 times; the total profits of joint-stock enterprises reached 1,279.27 billion yuan, an increase of 1.29 times; the total profits of enterprises invested by foreign investors, Hong Kong, Macao and Taiwan reached 512.81 billion yuan, an increase of 1.61 times; the total profit of private enterprises was 516.33 billion yuan, an increase of 91.9 percent.
 
The total profit of manufacturing industry was 1,536.63 billion yuan, an increase of 1.58 times. From January to March, of the 41 major industries, the total profits of 39 increased year-on-year, one turned losses into profits, and one realized loss reduction.
 
Among them, the total profit of the textile industry was 16.88 billion yuan, a year-on-year increase of 40.4 percent; the textile and apparel industry were 11.59 billion yuan, a year-on-year increase of 43.3 percent; the leather, fur, feathers and its products and footwear industries were 11.62 billion yuan, a year-on-year increase of 29.3 percent; the chemical fiber manufacturing industry was 13.66 billion yuan, a year-on-year increase of 596.9 percent.
 
In March, industrial enterprises above designated size achieved a total profit of 711.18 billion yuan, up 92.3 percent year-on-year.

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