National Bureau of Statistics: From January to May, the profit of the electronic industry increased by 103.9%, contributing 43.1% to the overall profit growth of all large-scale industrial enterprises.

On June 27th, the Chief Statistician of the Industry Department of the National Bureau of Statistics, Yu Weining, interpreted the profit data of industrial enterprises from January to May 2026. Yu Weining stated that the electronics industry plays a significant supportive role. From January to May, the profits of large-scale equipment manufacturing industry increased by 14.1% year-on-year, driving the overall profit growth of all large-scale industrial enterprises by 5.2 percentage points. In terms of industries, the global artificial intelligence technology revolution has led to an explosive demand for high-end computing chips and storage chips, driving the rapid growth of profits in the electronics industry. From January to May, the profits of the electronics industry increased by 103.9%, contributing 43.1% to the growth of profits of all large-scale industrial enterprises, and serving as an important support for the fast growth of profits of large-scale industrial enterprises. From January to May, various regions and departments conscientiously implemented the decisions and deployments of the CPC Central Committee and the State Council, adhered to the general principle of seeking progress while maintaining stability, implemented more proactive macroeconomic policies, and maintained rapid growth in profits of large-scale industrial enterprises, resulting in sustained recovery of industrial enterprise profitability. Industrial enterprise profits maintained rapid growth. From January to May, as industrial production grew rapidly and industrial product prices increased, national revenues of large-scale industrial enterprises increased by 5.5% year-on-year, accelerating by 0.3 percentage points compared to January to April. Stable revenue growth of large-scale industrial enterprises drove profits of all large-scale industrial enterprises to increase by 18.8% year-on-year, accelerating by 0.6 percentage points compared to January to April, maintaining a rapid growth trend in profits of large-scale industrial enterprises this year. In the three major categories, mining industry grew by 33.5%, accelerating by 7.5 percentage points compared to January to April; manufacturing industry grew by 20.0%, while the electricity, heat, gas, and water production and supply industry declined by 2.7%. In May, profits of all large-scale industrial enterprises increased by 21.1% year-on-year. The electronics industry plays a significant supportive role. From January to May, profits of large-scale equipment manufacturing industry increased by 14.1% year-on-year, driving overall profit growth of all large-scale industrial enterprises by 5.2 percentage points. In terms of industries, the global artificial intelligence technology revolution led to an explosive demand for high-end computing chips and storage chips, driving rapid growth in profits of the electronics industry. From January to May, profits of the electronics industry increased by 103.9%, contributing 43.1% to the growth of profits of all large-scale industrial enterprises, and serving as an important support for the fast growth of profits of large-scale industrial enterprises. Profits of raw material manufacturing industry grew rapidly. From January to May, profits of large-scale raw material manufacturing industry increased by 83.1% year-on-year, driving overall profit growth of all large-scale industrial enterprises by 10.2 percentage points. In terms of industries, the demand increase in new energy, artificial intelligence, and other emerging industries led to the maintenance of high prices for products like copper and aluminum, driving profits of the non-ferrous industry to increase by 117.1%, contributing 5.3 percentage points to the growth of profits of all large-scale industrial enterprises. Prices of products related to the petroleum industry chain rose, leading to profit turnaround in the petroleum processing industry and a 71.6% increase in profits in the chemical industry. Profits of high-tech manufacturing industry maintained double-digit growth. From January to May, profits of large-scale high-tech manufacturing industry increased by 44.7% year-on-year, driving overall profit growth of all large-scale industrial enterprises by 8.0 percentage points and continuing to demonstrate leading effects. In terms of industries, the semiconductor industry chain developed positively, with profits of industries like optoelectronic device manufacturing and discrete semiconductor device manufacturing increasing by 53.8% and 40.6% respectively. For electronic components and electronic special materials manufacturing, profits of electronic special materials manufacturing and electronic circuit manufacturing increased by 665.4% and 19.7% respectively. Profits of medical equipment-related industries grew rapidly, with profits of industries like dental equipment and supplies manufacturing and hygiene materials and pharmaceutical manufacturing increasing by 26.4% and 23.2% respectively. Unit costs of industrial enterprises decreased, and profit capabilities continued to improve. From January to May, the cost in every 100 yuan of operating revenue of large-scale industrial enterprises was 84.95 yuan, a decrease of 0.59 yuan year-on-year. Unit costs of industrial enterprises have continuously decreased for five consecutive months this year. From January to May, the profit margin of large-scale industrial enterprises was 5.56%, an increase of 0.63 percentage points year-on-year, reaching the highest level since 2024 in terms of cumulative monthly revenue profit margin. Overall, profits of large-scale industrial enterprises continued to maintain rapid growth from January to May. However, it should be noted that the domestic contradiction between strong supply and weak demand remains prominent, and some industries still face operational difficulties. In the next stage, it is necessary to fully implement the decisions and deployments of the CPC Central Committee and the State Council, effectively utilize various macroeconomic policies, strengthen counter-cyclical and cross-cycle regulation, sustainably expand domestic demand, optimize supply, accelerate the cultivation and growth of new growth drivers, and solidly promote the high-quality development of the industrial economy. This article is compiled from the "National Bureau of Statistics Official Website", Edited by GMTEight: Zhang Jinliang.