National Bureau of Statistics: Profits of large-scale industrial enterprises in China increased by 18.8% from January to May.

According to the Securities Times APP, on June 27, data from the National Bureau of Statistics showed that from January to May, the total profit of industrial enterprises above designated size in the country reached 3.1396 trillion yuan, an increase of 18.8% year-on-year. From January to May, among industrial enterprises above designated size, the total profit of state-owned holding enterprises reached 1.04866 trillion yuan, an increase of 19.6% year-on-year; the total profit of joint-stock enterprises reached 2.43481 trillion yuan, an increase of 24.1%; the total profit of foreign-invested enterprises from Hong Kong, Macao, and Taiwan reached 695.72 billion yuan, an increase of 4.2%; the total profit of private enterprises reached 772.65 billion yuan, an increase of 10.7%. From January to May, industrial enterprises above designated size achieved operating income of 56.55 trillion yuan, an increase of 5.5% year-on-year; operating costs amounted to 48.04 trillion yuan, an increase of 4.7%; the operating income profit margin was 5.56%, an increase of 0.63 percentage points year-on-year.