Data released on May 27th shows that from January to April, industrial enterprises above a designated size nationwide achieved a total profit of 2,435.84 billion yuan, a year-on-year increase of 18.2%, accelerating by 2.7 percentage points compared to the growth rate from January to March. In April alone, profits for these enterprises grew by 24.7% year-on-year.

Looking at the three main sectors, from January to April, total profits in the mining industry and manufacturing industry increased by 26.0% and 20.4% respectively, accelerating by 9.8 and 1.3 percentage points compared to the figures from January to March. The total profit for the production and supply of electricity, heat, gas, and water decreased by 1.9%, with the rate of decline narrowing by 1.3 percentage points.

Regarding the profit performance of major industries, from January to April, the non-ferrous metal smelting and rolling processing industry saw profits grow by 120% year-on-year. The computer, communication, and other electronic equipment manufacturing industry grew by 110%, the chemical raw materials and chemical products manufacturing industry by 73.4%, the coal mining and washing industry by 21.0%, the textile industry by 11.2%, and the petroleum and natural gas extraction industry by 8.1%. The petroleum, coal, and other fuel processing industry turned from a loss to a profit. The general equipment manufacturing industry saw a decline of 0.6%, the production and supply of electricity and heat fell by 2.5%, the special equipment manufacturing industry dropped by 7.2%, the electrical machinery and equipment manufacturing industry decreased by 11.4%, the agricultural and sideline food processing industry fell by 11.8%, the automobile manufacturing industry declined by 16.8%, the non-metallic mineral products industry dropped by 50.7%, and the ferrous metal smelting and rolling processing industry decreased by 51.5%.

It is important to note that new growth drivers such as the equipment manufacturing and high-tech manufacturing sectors played a significant leading role.

Specifically, profits in the equipment manufacturing sector maintained double-digit growth. From January to April, profits in the equipment manufacturing industry above designated size increased by 15.4% year-on-year, contributing 5.4 percentage points to the profit growth of all industrial enterprises above designated size.

By industry, from January to April, the electronics sector, driven by factors such as increased demand and sustained price recovery, saw its profits grow by 107.7%, contributing 43.8% to the profit growth of all industrial enterprises above designated size. This was a key driver of the rapid profit growth for these enterprises.

Concurrently, the high-tech manufacturing sector demonstrated a pronounced leading effect. From January to April, profits in the high-tech manufacturing industry above designated size grew by 44.8% year-on-year, contributing 7.8 percentage points to the profit growth of all industrial enterprises above designated size, highlighting its ongoing leading role.

By industry, the rapid development of semiconductor-related industries drove profit growth in the electronic special materials manufacturing, optical fiber manufacturing, and optoelectronic device manufacturing sectors by 601.7%, 347.6%, and 51.0% respectively. Industries related to industrial automation and intelligence also saw rapid profit growth, with the industrial control computer and system manufacturing, testing instrument manufacturing, and industrial automatic control system device manufacturing sectors growing by 128.6%, 58.8%, and 17.3% respectively.

Furthermore, profits in the raw materials manufacturing sector continued to accelerate. From January to April, profits in the raw materials manufacturing industry above designated size increased by 88.1% year-on-year, accelerating by 10.2 percentage points compared to the growth from January to March, and contributing 10.3 percentage points to the profit growth of all industrial enterprises above designated size.

By industry, rising international crude oil prices drove up prices for related products along the industrial chain. This led the petroleum processing industry to turn from a year-on-year loss to a profit, achieving a total profit of 40.42 billion yuan. The chemical industry's profits grew by 73.4%, accelerating by 18.9 percentage points compared to the growth from January to March. The rapid development of emerging industries such as new energy, artificial intelligence, and next-generation information technology spurred a significant increase in demand for non-ferrous metals like aluminum, copper, gold, and lithium, driving profit growth in the non-ferrous metals industry by 117.8%, accelerating by 1.1 percentage points compared to the growth from January to March.

Overall, from January to April, industrial enterprises above designated size experienced rapid profit growth. However, it is also noted that the external environment remains complex and volatile, the domestic imbalance of strong supply and weak demand persists, and some enterprises still face operational difficulties. The next stage involves comprehensively implementing the decisions and plans of the Party Central Committee and the State Council, strengthening macroeconomic policy adjustments, continuously expanding domestic demand, optimizing supply, further strengthening the domestic circulation, improving domestic and international dual circulation, and promoting the sustained and healthy development of the industrial economy.