National Bureau of Statistics chief statistician Yu Weining said profits at raw‑materials manufacturers (industrial enterprises designated above size) rose 83.1% YoY in Jan–May 2026, contributing 10.2 percentage points to total profits of industrial

2026-06-27

National Bureau of Statistics chief statistician Yu Weining said profits at raw‑materials manufacturers (industrial enterprises designated above size) rose 83.1% YoY in Jan–May 2026, contributing 10.2 percentage points to total profits of industrial enterprises above designated size. Nonferrous metals profits jumped 117.1% YoY—driven by sustained high copper and aluminum prices amid stronger demand from new‑energy and AI sectors—adding 5.3 percentage points to overall industrial profit growth. Oil refining turned from loss to profit year‑on‑year on higher petroleum‑chain product prices; chemical industry profits rose 71.6% YoY.