China's General Equipment Manufacturing Industry Profit Decreases by 0.9% in July

    Drying equipment

    According to the latest data released by the National Bureau of Statistics of China Drying Network, from January to July, the industrial enterprises above designated size achieved profits of 2,677.8 billion yuan, a year-on-year decrease of 2.7%. The profit for the month of July was 366.8 billion yuan, a year-on-year decrease of 5.4%. Of the 41 industrial categories, profits of 25 industries increased year-on-year, 15 industries decreased year-on-year, and 1 industry turned profits from losses over the same period. Among them, chemical raw materials and chemical manufacturing fell by 21.3%.

    The profit growth of other major industries was as follows: Agricultural and non-staple food processing industry profits increased by 16.6% year-on-year, automobile manufacturing growth by 10.2%, electrical machinery and equipment manufacturing by 1%, electricity, heat production and supply industry by 29.3%, oil and natural gas The mining industry decreased by 2.1%, the ferrous metal smelting and rolling processing industry dropped by 60.8%, the general equipment manufacturing industry decreased by 0.9%, the computer, communications and other electronic equipment manufacturing industry decreased by 1.6%, and the petroleum processing, coking, and nuclear fuel processing industries turned profitable over the same period Loss.

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