On July 27, the National Bureau of Statistics released an announcement on the profit data of national industrial enterprises above designated size from January to June 2021.

Statistics show that from January to June, the national industrial enterprises above designated size achieved a total profit of 4,218.33 billion yuan, a year-on-year increase of 66.9%, an increase of 45.5% from January to June 2019, an average increase of 20.6% over the two years.

Focusing on the furniture industry, in the first half of the year, the furniture manufacturing business revenue was 364.08 billion yuan, a year-on-year increase of 29.3%; operating costs were 305.16 billion yuan, a year-on-year increase of 29.5%; total profits were 17.04 billion yuan, a year-on-year increase of 27.9%.

The operating income of the textile industry was 1,170.75 billion yuan, 18.9% year-on-year; the operating cost was 1,040.25 billion yuan, a year-on-year increase of 19.9%; the total profit was 44.6 billion yuan, a year-on-year increase of 2.3%.

The operating income of wood processing and wood, bamboo, rattan, palm, and straw products was 439.38 billion yuan, an increase of 20.5% year-on-year; operating costs were 396.76 billion yuan, an increase of 20.7% year-on-year; total profits were 15.32 billion yuan, an increase of 13.8% year-on-year.

Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics, said that the profits of industrial enterprises recovered steadily in the first half of the year, and their operating conditions continued to improve. However, it should also be noted that the imbalance in the recovery of corporate benefits still exists, the recovery of profits of private, small and micro enterprises has been relatively slow, the continued high commodity prices have squeezed corporate profitability, and there are still shortcomings in the supply chain of the industrial chain.

In the next step, we must thoroughly implement the decisions and deployments of the Party Central Committee and the State Council, maintain the continuity, stability and sustainability of macroeconomic policies, continue to deepen supply-side structural reforms, vigorously support the development of the real economy, and further ensure supply and price stabilization to help enterprises relieve difficulties and promote the sustainable and healthy development of the industrial economy.