Profits in the chemical raw materials and products manufacturing industry will increase by 20.9% YoY in 2020

On January 27th the National Bureau of Statistics released data showing that industrial enterprises above the national scale will achieve a total profit of 645.161 billion yuan in 2020, an increase of 4.1% over the previous year.
, the chemical raw materials and chemicals manufacturing industry achieved a total profit of 425.76 billion yuan, up 20.9% YoY.
data show that in 2020, the mining industry achieved a total profit of 355.32 billion yuan, down 31.5% from the previous year, while the manufacturing industry achieved a total profit of 557.951 billion yuan, an increase of 7.6%, and the power, thermal, gas and water production and supply industry achieved a total profit of 516.78 billion yuan, an increase of 4.9%.
profit growth of more than 60% and the manufacturing sector is driving significantly.
sub-sectors, 26 of the 41 industrial sectors will see double-digit profit growth in 2020 compared with the previous year, with profit growth of 63.4% in 15 sectors.
Profits in key sectors were as follows: total profits in the manufacturing of specialized equipment increased by 24.4% over the previous year, chemical raw materials and chemicals manufacturing by 20.9%, non-ferrous metal smelting and processing by 20.3%, computer, communications and other electronic equipment manufacturing by 17.2%, and general equipment manufacturing by 1 3.0%, textile industry growth of 7.9%, electrical machinery and equipment manufacturing industry growth of 6.0%, agricultural and food processing industry growth of 5.9%, automobile manufacturing industry growth of 4.0%, electricity, thermal production and supply industry growth of 3.4%, non-metallic mineral products industry growth of 2.7%; Oil and gas extraction fell 83.2 per cent, oil, coal and other fuel processing fell 26.5 per cent, coal mining and washing fell 21.1 per cent and ferrous metal smelting and extension processing fell 7.5 per cent.
unit costs have been falling continuously and profitability has increased.
2020, the cost per 100 yuan of operating income of industrial enterprises above the scale will be 83.89 yuan, a decrease of 0.11 yuan over the previous year.
2020, the operating income margin of industrial enterprises above the scale was 6.08 percent, up 0.2 percentage points from the previous year, and the monthly operating income margin increased year-on-year for eight consecutive months since May.
losses of enterprises have narrowed quarter by quarter, and the extent of losses has been reducing.
end of 2020, industrial enterprises above the scale lost 17.3%.
quarter, the amount of losses showed a "up to down, the decline expanded" trend.
losses of loss-making enterprises increased by 42.9% and 13.1% respectively in the first and second quarters of this year, turning down by 21.4% in the third quarter and falling by a further 33.0% in the fourth quarter.