Workers weld components at a workshop of an automobile manufacturing enterprise in Qingzhou City, east China's Shandong Province, Feb. 28, 2021. (Photo by Wang Jilin/Xinhua)
BEIJING, Sept. 30 (Xinhua) -- The total profit of industrial enterprises above designated size nationwide reached 5.605 trillion yuan in the first eight months of 2021, a year-on-year increase of 49.5 percent, up 42.9 percent compared to the same period in 2019, data from the National Bureau of Statistics showed recently.
From January to August, among the industrial enterprises above designated size, state-owned enterprises realized a total profit of 1.775 trillion yuan, a year-on-year increase of 86.9 percent. The profit of joint-stock companies increased by 54.9 percent to 3.98 trillion yuan, while the profit of private companies rose 34.4 percent to 1.64 trillion yuan.
In August, the total profit of industrial enterprises above designated size nationwide rose 10.1 percent year on year, climbing 31.1 percent compared to August in 2019.
In August, the profit of high-tech manufacturing grew 17.5 percent year on year, 7.4 percentage points higher than the average level of industries above designated size, a report showed.
The profit of pharmaceutical manufacturing leaped 70.5 percent in August to maintain rapid growth, which was driven by constant demand for Covid-19 vaccines.
The profit of aerospace manufacturing increased by 1.77 times while chemical manufacturing rose 86.8 percent in August, representing a sparkling growth compared to July.
Profit growth accelerated in mining and raw materials manufacturing, but came under pressure in power and heat production and supply, data showed.
(Edited by Tian Shenyoujia with Xinhua Silk Road, firstname.lastname@example.org)