China's industrial companies' total profits down 0.3% year-on-year in January-February - Chinese report

According to the National Bureau of Statistics of China, the total profits of industrial enterprises with a national scale or larger (enterprises with annual main operating revenues of 20 million yen or more) in January and February decreased 0.3% compared to the same period last year.
By type of company, the total profits of state-owned holding companies increased by 2.1% to 348.77 billion former (approximately 7.2 trillion yen), while joint-stock companies
investment companies increased 4.9% to 230.46 billion yen (approximately 4.8 trillion yen), while investment companies in Hong Kong, Macau and Taiwan increased 4.9% to 230.46 billion yen (approximately 4.8 trillion yen).
By sector, the total profits of mining companies fell 25.2% to 141.03 billion formers (approximately 2.9 trillion yen).
), manufacturing increased 4.8% to 639.51 billion formers (approximately 13.2 trillion yen), and the production and supply of electricity, thermal energy, gas, and water increased 13.5% to 130.45 billion formers (approximately 2.
Looking at profits by major industry, the agricultural and food processing industry showed a 37.8% increase, while the non-ferrous metal smelting and rolling industries showed a 20.0% increase.
During the same period, the operating income of industrial enterprises of national or larger size increased by 2.8% to 20.9 trillion yen (about 415 billion yen).
Operating costs increased 2.9% to 17.1 trillion yen (approximately 353.7 trillion yen), and the operating profit margin was 4.53%, down 0.14 points from the same period last year.