China’s industrial profits declined gradually in the first seven months of the year
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Among the 39 industrial sectors, profit growth in 14 industries rebounded, 9 industries declined more than in the first 6 months, and profits in 4 industries increased. Among them, the rubber industry's profits rose by 34.3% year-on-year, an increase of 19.8 percentage points over the first six months; general equipment manufacturing rose by 3.9 percent, an increase of 3.6 percentage points; oil mining industry realized a profit of 81.33 billion yuan, a year-on-year decrease of 71.1%, a decrease Decrease by 5.0 percentage points over the first six months; the steel industry realized a profit of 29.8 billion yuan, a decrease of 77.3%, a decrease of 7.7 percentage points; the nonferrous metals industry realized a profit of 17.84 billion yuan, a decrease of 63.9%, a decrease of 2.9 percentage points; the electronics industry realized profits 27.65 billion yuan, a decrease of 43.5%, a decrease of 5.9 percentage points; the chemical fiber industry from the 4.6% drop in January-June to 1.7% growth in January-June; transportation equipment manufacturing industry from a drop of 1.1% to 5.9%.
The main business income of 22 regions in the industry achieved 21,404.3 billion yuan, an increase of 0.9% year-on-year, 0.5 percentage points higher than that in the first six months.
At the end of July, industrial receivables of the 22 regions totaled 3371.1 billion yuan, an increase of 9.6% year-on-year, an increase of 0.5 percentage points from the end of June. The capital of finished products was 1,640.8 billion yuan, a year-on-year increase of 0.4%, which was a 2.4 percentage point drop from the end of June.