China's industrial companies' total profits up 0.8% year-on-year in first quarter: Chinese report

According to the National Bureau of Statistics, 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 the first quarter (January to March) were 0.0% lower than the same period last year.
By company, the total profits of state-owned enterprises were 559.95 billion former (about 11 trillion yen), down 1.4% year-on-year, while the total profits of stockholders were 1.5 trillion yen (about 29.7 trillion yen).
Foreign-invested companies increased 0.1% to 1,110,150 million formers (approximately JPY 21.9 trillion), while foreign-invested companies and Hong Kong-, Macau- and Taiwan-invested companies increased 2.8% to 388,350 million formers (approximately JPY 7.7 trillion).
The profits of the mining industry fell 25.5% to 220.44 billion yen (approximately 7.3 trillion yen) in the three major sectors.
4.3 trillion yen), manufacturing increased by 7.6% to 1.8264 trillion yen (about 21.3 trillion yen), and the production and supply of electricity, thermal energy, gas and water increased by 5.4% to 206.28 trillion yen.
0 million former (about 4 trillion yen). Looking at the profit situation by major industry, the agricultural food processing industry increased by 40.3%, the non-ferrous metal smelting and rolling processing industry increased by 33.6%, and the dedicated equipment manufacturing industry increased by 14.2%.
On the other hand, the non-metallic mineral products industry decreased by 14.2% and the coal mining and cleaning industry decreased by 47.7%. In addition, the black metal smelting and rolling processing industry turned a profit after a deficit in the previous year.
During the same period, the operating income of industrial enterprises of a national or larger scale increased by 3.4% to 32.14 trillion formers (approximately 633.6 trillion yen), and the operating costs increased by 3.6% to 27.44 trillion formers (approximately 633.6 trillion yen).
The operating profit margin was 4.70%, down 0.12 percentage points from the same period last year. Meanwhile, the profits of industrial companies of a national or larger scale increased 2.6% in March compared to the same month last year.
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