It was reported that the income of large-scale industrial enterprises in China increased by 3,7 percent and the profit of hardware manufacturing increased by 29,8 percent on an annual basis in April. According to the data released by the National Bureau of Statistics of China, in the first four months of the year, the total profit of large-scale industrial enterprises decreased by 20,6 percent to 2 trillion 32 billion 880 million yuan. The revenues of these businesses increased by 0,5 percent year-on-year in the first four months and 3,7 percent in April.
While it was pointed out that the decline in the profits of industrial enterprises continued to shrink, it was stated that the profit of these enterprises decreased by 18,2 percent in April, and the decrease narrowed by 1 point compared to March. The data also showed that profits in China's hardware manufacturing sector rose 29,8 percent in April.