China's total profits for nationwide and above industries fell 1.8% year-on-year in Jan-Jun - Chinese report

According to the National Bureau of Statistics, the total profits of industrial enterprises with a national or larger scale (enterprises with annual main operating revenues of 20 million yen or more) in the first half of the year were 3 trillion yen, down 1.8% from the same period last year.
By company, state-owned companies saw their profits fall 7.6% to 1,109,120 million former (about 22,900 billion yen), while joint-stock companies saw their profits fall 3.6% to 1,109,120 million former (about 22,900 billion yen).
The number of foreign-invested enterprises increased by 2.5% to 882.31 billion yen (approximately 18.2 trillion yen), while the number of Japanese-invested enterprises increased by 2.5% to 882.31 billion yen (approximately 18.2 trillion yen).
The total profits of the three major sectors were: mining, which fell 30.3% to 429.41 billion formers (approximately 8.9 trillion yen);
0 billion yen), manufacturing increased 4.5% to 2.59 trillion 600 million yen (about 53.5 trillion yen), and the production and supply of electricity, thermal energy, gas, and water increased 3.3% to 417.04 billion yen.
Looking at the profit situation by major industry, the agricultural food processing industry showed a 22.8% increase, while the electrical equipment and machinery manufacturing industry showed a 13.0% increase.
The oil and natural gas mining industry saw a decrease of 11.5%, while the coal mining and cleaning industry saw a decrease of 53.0%. During the same period, the operating income of industrial enterprises of a national scale or larger increased by 2.5% to 66.78 trillion yen (approximately
Operating income rose 2.8% year-on-year to 57.12 trillion yen (approximately 1.18 trillion yen). Operating profit margin was 5.15%, down 0.22 points from the same period last year.
On the other hand, profits at industrial companies of national scale or larger in June fell 4.3% compared to the same month last year.