The rise of raw material prices was controlled, and the year-on-year growth rate of industrial profits in November fell to 9%.
According to the data released by the National Bureau of statistics on Monday, in November, the profits of Industrial Enterprises above designated size increased by 9.0% year-on-year, down 15.6 percentage points from October, ending the momentum of recovery for two consecutive months. Under the measures of ensuring price and stable supply, the profit growth of oil, coal and other fuel processing industries slowed significantly.
From January to November, the five industries with low profits were electric power, thermal power production and supply, other mining, agricultural and sideline food processing, rubber and plastic products and automobile manufacturing, with a year-on-year decrease of 38.6%, 33.3%, 7.2%, 3.9% and 3.4% respectively. Among them, the decline of power and heat production and supply industry increased by 9.6 percentage points compared with that from January to October.
In terms of enterprise types, the performance of state-owned enterprises is still significantly better than that of private enterprises. From January to November, among industrial enterprises above Designated Size, state-owned holding enterprises realized a total profit of 2363.81 billion yuan, a year-on-year increase of 65.8%; The total profit of private enterprises was 2498.43 billion yuan, an increase of 27.9%.
Post time: Dec-31-2021