In the first seven months, the chemical raw material and product manufacturing industry achieved a profit of 454.49 billion yuan, an increase of 1.62 times
According to data released by the National Bureau of Statistics on August 27, from January to July, the national industrial enterprises above designated size achieved a total profit of 492.395 billion yuan, a year-on-year increase of 57.3%, an increase of 44.6% from January to July 2019, and an average increase of 20.2 in two years. %. Among them, the total profit of the chemical raw materials and chemical products manufacturing industry was 454.49 billion yuan, a year-on-year increase of 1.62 times.
In the first seven months, the mining industry achieved a total profit of 481.11 billion yuan, a year-on-year increase of 1.45 times; the manufacturing industry achieved a total profit of 4137.47 billion yuan, an increase of 56.4%; the electricity, heat, gas and water production and supply industries achieved a total profit of 305.37 billion yuan, an increase of 5.4 %.
Data show that from January to July, among 41 major industrial sectors, 36 industries have increased their total profits year-on-year, 2 industries have turned losses into profits, 1 industry has remained flat, and 2 industries have declined. The profit of the main industries is as follows: the total profit of the oil and natural gas extraction industry increased by 2.67 times year-on-year, the non-ferrous metal smelting and rolling processing industry increased by 2.00 times, the ferrous metal smelting and rolling processing industry increased by 1.82 times, and the chemical raw material and chemical product manufacturing industry increased by 1.62 times. , The coal mining and washing industry increased by 1.28 times, the computer, communication and other electronic equipment manufacturing industry increased by 43.2%, the electrical machinery and equipment manufacturing industry increased by 30.2%, the general equipment manufacturing industry increased by 25.7%, and the non-metallic mineral products industry increased by 21.0%. , The automobile manufacturing industry increased by 19.7%, the special equipment manufacturing industry increased by 17.7%, the textile industry increased by 4.2%, the agricultural and sideline food processing industry increased by 0.7%, the electricity and heat production and supply industry decreased by 2.8%, and the petroleum, coal and other fuel processing industries Turning from a loss to a profit during the same period.
From January to July, industrial enterprises above designated size achieved operating income of 69.48 trillion yuan, a year-on-year increase of 25.6%; incurred operating costs of 58.11 trillion yuan, an increase of 24.4%; operating income margin was 7.09%, a year-on-year increase of 1.43 percentage points.
In July, the profits of industrial enterprises above designated size increased by 16.4% year-on-year; the two-year average growth rate was 18%.
In July, among 41 major industrial sectors, 25 industries achieved year-on-year profit growth (or turned losses into profits), accounting for 61.0%. Among them, 18 industries achieved double-digit profit growth or above. Compared with the same period in 2019, 31 industries have achieved profit growth, accounting for 75.6%. Among them, 22 industries have achieved a two-year average growth rate of profit faster than in June (or from negative to positive).
Under the combined effect of factors such as continued improvement in market demand, overall high commodity prices, rapid growth in corporate sales, and a low base during the same period, the profits of the oil and gas extraction, oil processing, coal, and chemical industries increased by 3.84 times and 2.16 respectively year-on-year in July. Times, 2.11 times, and 1.07 times, all of which accelerated from June.
Looking for chemical products? Let suppliers reach out to you!
2026-06-27
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
-
Sodium Metabisulfite Prices Rise This Week (Mar. 16-20)
-
Narrow Increase in Ethyl Acetate Market This Week (9.22-9.28)
-
Prices of China's Chemical Raw Materials and Chemical Products Manufacturing Industry Dropped by 9% in 2023
-
OQ Chemicals Raises Global Prices for N-butanol, Isobutanol and Other Products!
-
Profits from China's Chemical Raw Materials and Chemical Products Manufacturing Industry Fell by 42.8% YOY In the First Ten Months
-
Sharp Decline in Profits for Chemical Manufacturing in First Eight Months
-
Chinese Industrial Enterprise Profits Decrease by 16.8% in 1st Half of 2023, with Chemical Industry Down by 52.2%
-
Chemical Prices on the Rise: Domestic and Overseas Markets Respond to Supply Constraints
-
How to Produce Nitrogen Gas? Ultimate Guide
-
Manufacturing prices of chemical raw materials and products fell 9.9 per cent year on year in April and 1.1 per cent month on month
Recommend Reading
-
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
-
Understand the New Rules to Enter the Market | ECHEMI × API China 2026 Overseas Pharmaceutical Market & Product Trends Conference Successfully Concluded
-
CPHI China 2026 Concludes Successfully, ECHEMI Serves Global Pharmaceutical Clients
-
ECHEMI and CPHI China Jointly Host Pharmaceutical Business Match-making Event
-
2025 Epoxy Chloropropane Market Review and 2026 Outlook in China
-
April Acetic Acid Market Slides Sharply
-
Multiple Positive Factors Support Butadiene Prices Rising Over 29% in January
-
Multiple Negative Factors Weigh on Butadiene in April, Driving Prices Lower
-
This Week's Styrene Market Continues to Rise (1.26-1.30)