2020 chemical raw material and product manufacturing profit growth by 20.9%
On January 27, data released by the National Bureau of Statistics showed that the total profit of industrial enterprises above designated size nationwide in 2020 was 645.161 billion yuan, an increase of 4.1% over the previous year. Among them, the total profit of the chemical raw materials and chemical products manufacturing industry was 425.76 billion yuan, a year-on-year increase of 20.9%.
Data show that in 2020, the mining industry will achieve a total profit of 355.32 billion yuan, a decrease of 31.5% from the previous year; the manufacturing industry will achieve a total profit of 5579.51 billion yuan, an increase of 7.6%; the electricity, heat, gas and water production and supply industries will achieve a total profit of 5167.8 Billion yuan, an increase of 4.9%.
The profit growth is over 60%, and the manufacturing industry has an obvious pulling effect. In terms of industries, in 2020, among 41 major industrial sectors, 26 industries have increased their profits over the previous year. Among them, 15 industries have achieved double-digit profit growth, and the profit growth of the industry is 63.4%.
The profit of the main industries is as follows: the total profit of the special equipment manufacturing industry increased by 24.4% over the previous year, the chemical raw material and chemical product manufacturing industry increased by 20.9%, the non-ferrous metal smelting and rolling processing industry increased by 20.3%, and the computer, communication and other electronic equipment manufacturing industry Increased by 17.2%, general equipment manufacturing by 13.0%, textile industry by 7.9%, electrical machinery and equipment manufacturing by 6.0%, agricultural and sideline food processing industry by 5.9%, automobile manufacturing by 4.0%, electricity and heat production and supply The industry increased by 3.4%, the non-metallic mineral products industry increased by 2.7%; the oil and natural gas extraction industry decreased by 83.2%, the petroleum, coal and other fuel processing industry decreased by 26.5%, the coal mining and washing industry decreased by 21.1%, and the ferrous metal smelting and rolling The processing industry fell by 7.5%.
Unit costs have continued to decline and profitability has increased. In 2020, the cost per hundred yuan of operating income of industrial enterprises above designated size was 83.89 yuan, a decrease of 0.11 yuan from the previous year. In 2020, the operating income profit rate of industrial enterprises above designated size was 6.08%, an increase of 0.2 percentage points from the previous year; the monthly operating income profit rate has increased year-on-year for eight consecutive months since May.
The loss of enterprises has been shrinking quarter by quarter, and the extent of losses has continued to decrease. At the end of 2020, the loss of industrial enterprises above designated size was 17.3%. On a quarterly basis, the amount of loss has shown a trend of "turning from rising to falling, and the rate of decline expanding." The losses of loss-making enterprises in the first and second quarters increased by 42.9% and 13.1% respectively. In the third quarter, the losses fell by 21.4%, and the losses in the fourth quarter further dropped by 33.0%.
Looking for chemical products? Let suppliers reach out to you!
2026-06-20
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Profits from China's Chemical Raw Materials and Chemical Products Manufacturing Industry Fell by 42.8% YOY In the First Ten Months
-
Tens Of Thousands Of Chemical Companies Shut Down Their Production And Transportation
-
A Brief Overview Of The Bio-Based Composites Industry
-
Nylon: after the Holiday Resumed Work, Oscillation Fluctuations
-
The profit of the chemical raw material and product manufacturing industry increased by 1.45 times in the first 8 months
-
The added value of the chemical raw materials and product manufacturing industry increased by 30.8% in the first two months
-
From January to February, investment in chemical raw materials and product manufacturing industry increased by 63.2%
-
Chemical Plants Shut Down Production due to Electricity Consumption
-
China's chemical raw materials & products manufacturing industry down 17.7%
-
Growth of chemical raw materials and product manufacturing
Recommend Reading
-
When Global Buyers No Longer Visit Trade Shows but “Select Suppliers with a Click”
-
When Global Buyers Sit at the Same Table, Chinese Suppliers Respond: A Real 1-on-1 Online Business Matching Event
-
Understand the New Rules to Enter the Market | ECHEMI × API China 2026 Overseas Pharmaceutical Market & Product Trends Conference Successfully Concluded
-
ECHEMI WPO and Pharmaceutical Division Showcase Dual Strengths at the 94th API China, Tackling Pharmaceutical Export Challenges with Precision
-
72 Hours at API China: Where China’s API Export Industry Is Heading Next
-
KANSAI HELIOS Expands into North America with Acquisition of Advanced Powder Coating Facility in Ohio
-
Bodo Möller Chemie Acquires Specialty Chemicals Distributor Quitec
-
Bakelite Acquires Sestec, Strengthening Bio-Based Adhesives Offering
-
A Comprehensive Overview of China’s Special Engineering Materials Market: How Should the Industry Rebuild Its Capabilities Amid Growing Downstream Pressure?
-
PPG Launches Next-Generation BPA- and PFAS-Free Easy-Open Coatings for Aluminum Cans