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  • Beijing Review

    ECONOMY

    Aug 04, 2022 3 minutes

    Industrial Profits

    Profits of major industrial firms rose 1 percent year on year in the first half of 2022, official data showed on July 27.

    Industrial firms each with annual main business revenue of at least 20 million yuan ($2.97 million) saw their combined profits exceeding 4.27 trillion yuan ($631.9 billion) during the period, the National Bureau of Statistics said.

    The combined revenues of those firms went up 9.1 percent from a year ago to 65.41 trillion yuan ($9.6 trillion), and 16 out of 41 industries saw growth in profits in the period.

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