The first four months of decline in the efficiency of the petroleum, petrochemical, and power industries

    The SASAC Information Center recently released the state-owned key enterprises' production and operations in the first four months. Statistics show that in the first four months of this year, 410 state-owned key enterprises realized a total profit of 352.6 billion yuan, a decrease of 1.3% (up 34.8% over the same period of last year). The efficiency of the petroleum, petrochemical, and power industries has dropped significantly, resulting in a total reduction of 66.34 billion yuan in profits for the two industries. Among them, the profit of the petrochemical industry fell by 6.7% in the first quarter, and the profit of the power industry dropped sharply by 55.9%.

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