National Bureau of Statistics: The profits of China's industrial enterprises above a designated size increased by 15.5% year-on-year in the first quarter of the year.

National Bureau of Statistics data shows that from January to March, the total profits of industrial enterprises above designated size in the country reached 1.69604 trillion yuan, a year-on-year increase of 15.5% (calculated on a comparable basis). Among the industrial enterprises above the designated size, state-owned holding enterprises achieved a total profit of 619.61 billion yuan, a year-on-year increase of 10.1%; joint-stock enterprises achieved a total profit of 1.30546 trillion yuan, an increase of 20.9%; foreign, Hong Kong, Macao, and Taiwan investment enterprises achieved a total profit of 383.73 billion yuan, an increase of 1.2%; private enterprises achieved a total profit of 430.53 billion yuan, an increase of 25.4%. In January-March 2026 industrial enterprises above designated size in the country witnessed a 15.5% growth in profits. In January-March, the total profits of industrial enterprises above designated size in the country reached 1.69604 trillion yuan, a year-on-year increase of 15.5% (calculated on a comparable basis). In January-March, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 619.61 billion yuan, a year-on-year increase of 10.1%; joint-stock enterprises achieved a total profit of 1.30546 trillion yuan, an increase of 20.9%; foreign, Hong Kong, Macao, and Taiwan investment enterprises achieved a total profit of 383.73 billion yuan, an increase of 1.2%; private enterprises achieved a total profit of 430.53 billion yuan, an increase of 25.4%. In January-March, the mining industry achieved a total profit of 256.33 billion yuan, a year-on-year increase of 16.2%; the manufacturing industry achieved a total profit of 1.23843 trillion yuan, an increase of 19.1%; the electricity, heat, gas, and water production and supply industry achieved a total profit of 201.28 billion yuan, a decrease of 3.2%. In January-March, the profit situation of major industries is as follows: the profit of computer, communication, and other electronic equipment manufacturing industry increased by 1.2 times year-on-year, non-ferrous metal smelting and rolling processing industry increased by 1.2 times, chemical raw materials and chemical products manufacturing industry increased by 54.5%, coal mining and washing industry increased by 6.7%, petroleum, coal, and other fuel processing industry turned from loss to profit, electrical machinery and equipment manufacturing industry remained stable, petroleum and natural gas extraction industry decreased by 1.4%, general equipment manufacturing industry decreased by 1.9%, electricity, heat production, and supply industry decreased by 3.4%, agricultural and sideline food processing industry decreased by 6.0%, textile industry decreased by 7.8%, special equipment manufacturing industry decreased by 8.2%, automobile manufacturing industry decreased by 17.7%, non-metallic mineral products industry decreased by 42.6%, and black metal smelting and rolling processing industry turned from profit to loss. In January-March, industrial enterprises above designated size achieved operating income of 33.19 trillion yuan, a year-on-year increase of 5.0%; operating costs amounted to 28.19 trillion yuan, an increase of 4.5%; the operating income profit margin was 5.11%, a year-on-year increase of 0.46 percentage points. By the end of March, the total assets of industrial enterprises above designated size were 19.05 trillion yuan, a year-on-year increase of 5.3%; total liabilities were 11.019 trillion yuan, an increase of 5.5%; total owner's equity was 8.031 trillion yuan, an increase of 5.1%; the asset-liability ratio was 57.8%, the same as the previous year. By the end of March, accounts receivable of industrial enterprises above designated size were 2.703 trillion yuan, a year-on-year increase of 6.7%; finished goods inventory was 0.678 trillion yuan, an increase of 5.2%. In January-March, the cost per 100 yuan of operating income for industrial enterprises above designated size was 84.93 yuan, a decrease of 0.40 yuan year-on-year; the expenses per 100 yuan of operating income were 8.50 yuan, a decrease of 0.01 yuan year-on-year. By the end of March, the operating income per 100 yuan of assets of industrial enterprises above designated size was 70.1 yuan, a decrease of 0.2 yuan year-on-year; the per capita operating income was 1.849 million yuan, an increase of 105,000 yuan year-on-year; the days inventory turnover was 21.5 days, an increase of 0.3 days year-on-year; the average collection period for accounts receivable was 72.6 days, an increase of 1.3 days year-on-year. In March, industrial enterprises above designated size witnessed a 15.8% year-on-year increase in profits. This article was selected from "National Bureau of Statistics", GMTEight Editor: Jiang Yuanhua.