The decline in industrial profits in some regions in the first quarter was reduced

According to data released by the National Bureau of Statistics on the 14th, in the first quarter, industrial enterprises above designated size in 22 regions across the country achieved a profit of 322.7 billion yuan, a year-on-year decrease of 32.2%, a decrease of 7.3% from January to February.

In the first quarter, except for Beijing, Inner Mongolia, Hunan, Guangdong, Anhui, Hainan, Chongqing, Yunnan, and Tibet, 22 provinces, autonomous regions, and municipalities, industrial enterprises achieved a total revenue of 7.8267 trillion yuan, a year-on-year decrease of 0.7%, a decrease of 1-2. The month decreased by 2%.

Among the 39 industrial sectors, the profit growth of 18 industries rebounded (or the decline decreased). Among them, the non-ferrous metal smelting and rolling processing industry changed from a loss of 940 million yuan in January-February to a profit of 1.11 billion yuan. The profitability of the petroleum processing and coking industries continued to increase substantially, and profits increased from 8.19 billion yuan in January-February to 17.39 billion yuan. (For the same period last year, it was a net loss of 21.64 billion yuan), the chemical fiber industry changed from a loss of 160 million yuan in January-February to a profit of 230 million yuan, the power industry reduced losses by 650 million yuan from January to February, and the profit growth of the textile and clothing industry was from 1-2. In the month, 17.6% rose to 24.4%, and profits from the special equipment manufacturing industry increased from a decrease of 5.6% in January-February to a growth of 0.6%.

At the end of March, industrial receivables of the 22 regions totaled 2,977.3 billion yuan, a year-on-year increase of 7%, an increase of 0.4 percentage points from January to February. The funds for finished products were 1546.2 billion yuan, a year-on-year increase of 10.4%, and the increase rate was 3.6 percentage points lower than that in the first two months.