In 2022, the profit of industrial enterprises with certain business scales decreased by 4.0% y-o-y to RMB8.4.385 trillion, according to NBS. The profit of state-owned enterprises and state shareholding enterprises increased by 3.0% y-o-y to RMB2.37923 trillion. The profit of joint-stock enterprises decreased by 2.7% y-o-y to RMB6.2+209 trillion. The profit of foreign and Hong Kong, Macao and Taiwan invested enterprises decreased by 9.5% y-o-y to RMB2.00396 trillion. The profit of private enterprises decreased by 7.2% to RMB2.66384 trillion. Meanwhile, the profit of mining industry increased by 48.6% to RMB1.55736 trillion. For manufacturing industry, the profit decreased by 13.4% y-o-y to RMB6415.02bn. In ferrous metal smelting and rolling industry, the profit went down by 91.3% y-o-y.