In The First Quarter, The Total Profit Of Textile Industry Above Designated Size Increased By 40.4% Year On Year

The National Bureau of Statistics recently announced that from January to March, the total profit of Industrial Enterprises above Designated Size nationwide reached 1825.38 billion yuan, a year-on-year increase of 1.37 times (based on comparable caliber), 50.2% higher than that from January to March 2019, and an average increase of 22.6% in two years.

From January to March, among the industrial enterprises above Designated Size, the state-owned holding enterprises achieved a total profit of 616.54 billion yuan, a year-on-year increase of 1.99 times; Joint stock enterprises realized a total profit of 1279.27 billion yuan, an increase of 1.29 times; The total profits of foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan reached 512.81 billion yuan, an increase of 1.61 times; Private enterprises realized a total profit of 516.33 billion yuan, an increase of 91.9%.

From January to March, the total profit of the manufacturing industry reached 1536.63 billion yuan, an increase of 1.58 times. From January to March, the total profits of 39 industries increased year-on-year, one industry turned losses into profits and one industry realized deficit reduction.

Among them, the total profit of textile industry was 16.88 billion yuan, with a year-on-year increase of 40.4%; The textile and clothing industry was 11.59 billion yuan, up 43.3% year on year; Leather, fur, feather and their products, and footwear industry reached 11.62 billion yuan, up 29.3% year on year; The chemical fiber manufacturing industry was 13.66 billion yuan, with a year-on-year increase of 596.9%.

In March, the total profits of Industrial Enterprises above Designated Size reached 711.18 billion yuan, up 92.3% year on year.