It was stated that between January and August, the profits of industrial companies with annual revenues of more than 20 million yuan in the country reached 84.33 trillion yuan. The companies in question made a profit of 8 trillion 403 billion 850 million yuan in all of 2022. Thus, the industrial sector reached last year's total in the first 8 months of this year.
8-month profit of industrial companies exceeded the total of 2022
According to data released by the China Statistics Administration, the profits of industrial companies with annual revenues of more than 20 million yuan (about 2 million 770 thousand dollars) in the country in August increased by 17.2 percent compared to the same period last year.
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