National Bureau of Statistics chief statistician Yu Weining said profits at
raw‑materials manufacturers (industrial enterprises above designated size) rose
83.1% YoY in Jan–May 2026, contributing 10.2 percentage points to total profits
of industrial enterprises above designated size. Nonferrous metals profits
jumped 117.1% YoY—driven by sustained high copper and aluminum prices amid
stronger demand from new‑energy and AI sectors—adding 5.3 percentage points to
overall industrial profit growth. Oil refining turned from loss to profit
year‑on‑year on higher petroleum‑chain product prices; chemical industry profits
rose 71.6% YoY.
