On April 27, the National Bureau of Statistics released the operation of industrial enterprises above designated size nationwide in the first quarter of this year.

From the perspective of the furniture manufacturing industry, the operating income of the furniture manufacturing industry above designated size nationwide in the first quarter was 163.71 billion yuan, a year-on-year increase of 39.9%; the total profit was 6.73 billion yuan, a year-on-year increase of 72.6%.

In the timber processing industry, in the first quarter, the operating income of timber processing and wood, bamboo, rattan, palm, and grass products above designated size nationwide was 205.65 billion yuan, a year-on-year increase of 39.2%; total profits were 6.4 billion yuan, a year-on-year increase of 27.2%.

In the textile industry, in the first quarter, the operating income of textile enterprises above designated size nationwide was 523.74 billion yuan, a year-on-year increase of 27.3%; the total profit was 16.88 billion yuan, a year-on-year increase of 40.4%.

On the whole, from January to March, the national industrial enterprises above designated size achieved a total profit of 1825.38 billion yuan, a year-on-year increase of 1.37 times, an increase of 50.2% from January to March 2019, and an average increase of 22.6% over the two years.

Zhu Hong, a senior statistician from the Department of Industry of the National Bureau of Statistics, said that the profitability of industrial enterprises in the first quarter continued to recover quickly, but it should also be noted that there are still greater uncertainties in the global epidemic trend and the international environment, and the recovery between industries is still uneven. In particular, the apparent rise in raw material prices continues to increase the cost pressures of enterprises, and the foundation for the recovery of industrial enterprises’ benefits still needs to be further consolidated.

In the next stage, we must continue to maintain the continuity and stability of macroeconomic policies, focus on making up for shortcomings, tap potential, increase advantages, expand effective demand, improve development quality and efficiency, continue to consolidate the foundation for the recovery of the real economy, and promote the sustained, stable and healthy development of the industrial economy.