National Bureau of Statistics: The "ballast" role of equipment manufacturing industry is evident in January–February; industrial enterprise profit structure continues to optimize

On March 27, People’s Finance News reported that Yu Weining, chief statistician of the Industrial Department of the National Bureau of Statistics, interpreted the profit data of industrial enterprises for January and February 2026, stating that the role of the equipment manufacturing industry as a “ballast” is evident, and the profit structure of industrial enterprises continues to optimize. In January and February, the operating income of large-scale equipment manufacturing enterprises increased by 8.9% year-on-year, surpassing the growth of all large-scale industrial enterprises by 3.6 percentage points. The rapid growth in operating income drove the profits of large-scale equipment manufacturing enterprises to increase by 23.5% year-on-year, which is an acceleration of 15.8 percentage points compared to the previous year; profits from large-scale equipment manufacturing accounted for 30.4% of the total profits of large-scale industrial enterprises, a year-on-year increase of 2.0 percentage points, indicating a continued optimization of the profit structure. From an industry perspective, among the eight sectors of the equipment manufacturing industry, five sectors achieved profit growth, with the electronics, railway, shipbuilding, aerospace, and electrical machinery industries experiencing faster profit growth, increasing by 203.5%, 11.4%, and 6.2% year-on-year respectively.