From January to April, the profit of the chemical industry fell 16% year-on-year

According to data released by the National Bureau of Statistics on May 27, from January to April, industrial enterprises above designated size achieved a total profit of 1812.
94 billion yuan, a year-on-year decrease of 3.
4%, which was roughly the same as that from January to March.
Among them, the total profit of the oil and natural gas extraction industry increased by 19.
7% year-on-year, and the chemical raw material and chemical product manufacturing industry decreased by 16.
0%.
According to data released by the National Bureau of Statistics on May 27, from January to April, industrial enterprises above designated size achieved a total profit of 1812.
94 billion yuan, a year-on-year decrease of 3.
4%, which was roughly the same as that from January to March.
Among them, the total profit of the oil and natural gas extraction industry increased by 19.
7% year-on-year, and the chemical raw material and chemical product manufacturing industry decreased by 16.
0%.
According to the National Bureau of Statistics, the benefits of industrial enterprises from January to April showed the following characteristics:First, the profits of major industries such as iron and steel, petroleum processing, petroleum extraction, and chemical industries have improved.
From January to April, the profit of the oil extraction industry increased by 19.
7% year-on-year, and the growth rate was 9.
4 percentage points faster than that from January to March; the profits of the steel, petroleum processing, and chemical industries fell by 28.
1%, 50.
2%, and 16.
0% year-on-year, respectively, a decrease of 1- In March, it narrowed by 16.
4, 4.
3 and 1.
8 percentage points respectively.
  Second, nearly 70% of industry profits have increased year-on-year.
From January to April, among 41 major industrial sectors, 27 industries increased their profits year-on-year, accounting for 66%.
The industries with the most new profits were mainly: tobacco products, with a year-on-year increase of 29.
4%; wine, beverage and refined tea manufacturing, with an increase of 18.
1%; electrical machinery and equipment manufacturing, with an increase of 14.
5%; non-metallic mineral products, with an increase 12.
6%; Electricity, heat production and supply industry, an increase of 12.
3%.
  Third, the profit decline of state-owned holding companies has narrowed.
From January to April, the profit of state-owned holding companies fell by 9.
7% year-on-year, and the rate of decline narrowed by 3.
7 percentage points from January to March.
  Fourth, the profits of private enterprises have maintained growth.
From January to April, profits of private enterprises increased by 4.
1% year-on-year.
  Fifth, the asset-liability ratio declined.
At the end of April, the asset-liability ratio of industrial enterprises above designated size was 56.
8%, a year-on-year decrease of 0.
5%.
Among them, the asset-liability ratio of state-controlled enterprises was 58.
4%, a decrease of 1.
1 percentage points.   Due to the implementation of the reduction in the value-added tax rate on April 1, the demand for some industrial products in April was released earlier in March.
In addition to the high base in the same period, the profit of industrial enterprises above designated size in April fell by 3.
7% year-on-year, which was more volatile than in March Big.
However, in terms of average growth rate, profits in March and April increased by an average of 5.
0%.