|
Profits in industrial firms in East China’s Anhui province rose in April after seven consecutive months’ decline as production and sales rebounded amid the restoration of economic activities. Industrial companies with annual turnover of over 20 million yuan ($2.82 million) posted a 6.3 percent year-on-year increase in profit in April, compared with a decrease of 29 percent in March, according to the Bureau of Statistics of Anhui Province. Industrial profits kept falling from last September to March. Industrial value-added output increased 9.1 percent year-on-year, up from March’s 6.2 percent. Industrial operating revenue climbed 8.8 percent, compared with an 8.5 percent decline in March. 25 out of the province’s 39 industrial sectors, or 64.1 percent, increased their profits. 14 sectors including building materials, electronic information, automobile and textile began to see profit growth in April. Meanwhile, profits in five sectors such as the chemical industry, nonmetallic mining and train and ship manufacturing grew faster. Another six industrial sectors including home appliances and nonferrous metal mining narrowed their profit drop. Profits in the automobile industry and the electronic information industry, which dropped 75.9 percent and 17.8 percent in March, surged 1680 percent and 240 percent in April, respectively. The high-tech manufacturing industry saw a 104 percent year-on-year increase in profit, compared with a 32.5 percent drop a month earlier.
| 
Related News
