China's industrial companies' total profits up 1.4% year-on-year in Jan-Apr: Chinese report

According to the National Bureau of Statistics, the total profits of industrial enterprises with a national scale or larger (enterprises with annual main operating revenues of 20 million yen or more) in the first four months of the year increased 1.4% year-on-year to 2.117 trillion yen.
By type of company, the total profits of state-owned companies were 702.28 billion former (about 14 trillion yen), down 4.4% year-on-year, while joint-stock companies increased 1.1% year-on-year to 1.5596 trillion former.
foreign-invested enterprises and Hong Kong-, Macau- and Taiwan-invested enterprises increased 2.5% to 542.92 billion formers (approximately 10.8 trillion yen), and private enterprises increased 4.3% to 570.6 billion formers (approximately 10.8 trillion yen).
By the three major sectors, mining profits fell 26.8% to 287.5 billion former (approximately 5.7 trillion yen), while manufacturing increased 8.6% to 1.55 trillion former.
The production and supply of electricity, thermal energy, gas and water increased 4.4% to 274.58 billion former (approximately 5.5 trillion yen), while the production and supply of electricity, thermal energy, gas and water increased 4.4% to 274.58 billion former (approximately 5.5 trillion yen).
Looking at the profit situation by major industry, the agricultural food processing industry showed a 45.6% increase, and the non-ferrous metal smelting and rolling processing industry showed a 24.5% increase. On the other hand, the oil and natural gas mining industry showed a high growth.
The coal mining and washing industry saw a 6.9% decrease, while the black metal smelting and rolling processing industry saw a 48.9% decrease.
During the same period, the operating income of industrial enterprises at or above national scale increased by 3.2% to 43.44 trillion yen (approximately 864 trillion
200 billion yen, and operating costs increased 3.4% to 37.16 trillion yen (approximately 739 trillion yen). The operating profit margin was 4.87%, down 0.09 points from the same period last year.
Meanwhile, in April, profits at industrial companies of a national or larger scale increased 3.0% compared to the same month last year.