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According to the financial data of industrial enterprises released by the National Bureau of Statistics on July 27, in the first half of 2019, the profits of industrial enterprises above designated size fell by 4% year-on-year, of which, they fell by 3% in the first quarter and 9% in the second quarter, showing a narrowing decli.
From January to June, among the 41 major industrial sectors, the total profit of 26 industries increased year-on-year, and 15 industries decreas.
The benefits of industrial enterprises in the first half of the year showed the following characteristics:
First, the new profits mainly come from industries such as building materials, electric power and electrical machine.
Second, the profits of consumer goods manufacturing industry grew rapidly, and the profits of strategic emerging industries and high-tech manufacturing industries maintained grow.
Third, the profits of private enterprises maintained grow.
Fourth, the asset-liability ratio decreas.
Overall, industrial profits declined in the first half of the year, mainly due to the impact of a few industries such as automobiles, oil processing, and ste.
