In February, The Profits Of Industrial Enterprises Above Designated Size Increased By 1.79 Times

Beijing, March 27 (Xinhua) from January to February, the National Bureau of statistics released data showed that from January to February, the profit of Industrial Enterprises above Designated Size nationwide reached 1114.01 billion yuan, a year-on-year increase of 1.79 times, an increase of 72.1% over January to February of 2019, and an average increase of 31.2% in two years, continuing the good trend of rapid growth since the second half of last year.

According to the National Bureau of statistics, the two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

Zhu Hong, a senior statistician at the industry department of the National Bureau of statistics, said that under the combined effects of the stable recovery of domestic and foreign market demand, the low base of the same period and the "local new year", the growth of industrial production and sales, the accelerated recovery of enterprise income and profits, and the recovery of profit level were obvious.

Statistics show that in the first two months of this year, more than 90% of the industry's profits increased, and nearly 60% of the industry's profits doubled. Among the 41 major industrial sectors, the total profits of 38 industries increased year-on-year, and the growth rate of industries exceeded 90%. Among them, the profit growth rate of 24 industries exceeded 100%. From an average of two years, 32 industries achieved profit growth, with a growth rate of 78%.

Zhu Hong's analysis shows that, overall, the performance of industrial enterprises continues to recover rapidly. However, it should also be noted that the international situation is still complex and severe, the prevention and control of domestic epidemic situation can not be relaxed, the improvement of the benefit of various industries is not balanced, the profits of some consumer goods industries have not yet returned to the normal level before the epidemic, and the foundation for the comprehensive recovery of industrial economy needs to be further consolidated.