China's Profits of Industrial Enterprises Above Designated Size Rise 15.5% YoY in 1Q26; Up 15.8% in Mar

Data released by the National Bureau of Statistics showed that in 1Q26, industrial enterprises above designated size nationwide recorded total profits of nearly RMB1.7 trillion, representing a YoY increase of 15.5%. In March alone, profits of industrial enterprises above designated size rose 15.8% YoY.In 1Q26, among industrial enterprises above designated size, state-controlled enterprises posted total profits of RMB619.61 billion, up 10.1% YoY; joint-stock enterprises recorded total profits of RMB1.31 trillion, up 20.9% YoY; foreign-invested enterprises and enterprises invested by Hong Kong, Macau and Taiwan reported total profits of RMB383.73 billion, up 1.2% YoY; private enterprises registered total profits of RMB430.53 billion, up 25.4% YoY.During the period, the mining industry achieved total profits of RMB256.33 billion, up 16.2% YoY; the manufacturing sector posted total profits of RMB1.24 trillion, up 19.1% YoY; while the production and supply of electricity, heat, gas and water recorded total profits of RMB201.28 billion, down 3.2% YoY.By major industries in 1Q26, profits in the computer, communications and other electronic equipment manufacturing industry increased 1.2x YoY; the non-ferrous metal smelting and rolling processing industry rose 1.2x; the chemical raw materials and chemical products manufacturing industry grew 54.5%; the coal mining and washing industry increased 6.7%; the petroleum, coal and other fuel processing industry turned from loss to profit; the oil and natural gas extraction industry fell 1.4%; the general equipment manufacturing industry declined 1.9%; the textile industry dropped 7.8%; the special equipment manufacturing industry decreased 8.2%; and the automobile manufacturing industry fell 17.7%.In 1Q26, industrial enterprises above designated size generated operating revenue of RMB33.19 trillion, up 5% YoY. The operating revenue profit margin was 5.11%, up 0.46 ppts YoY. The cost per RMB100 of operating revenue was RMB84.93, down RMB0.4 YoY.As of end-March, accounts receivable of industrial enterprises above designated size amounted to RMB27.03 trillion, up 6.7% YoY, while finished goods inventories totaled RMB6.78 trillion, up 5.2% YoY. Operating revenue per RMB100 of assets stood at RMB70.1, down RMB0.2 YoY. The turnover period for finished goods inventories was 21.5 days, an increase of 0.3 days YoY. (ta/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.