The latest data released by the National Bureau of Statistics show that in 2020, industrial enterprises above designated size across the country achieved a total profit of 6.45161 billion yuan, an increase of 4.1% over the previous year. Among them, the mining industry achieved a total profit of 355.32 billion yuan, a decrease of 31.5% from the previous year, and the decline was 1.3 percentage points narrower than that from January to November last year. This is the seventh consecutive time that the total profit of the mining industry has narrowed since January to June last year. From January to May last year, the total profit growth rate of the mining industry dropped to 43.6%.

In terms of profits in the mining industry subdivisions, overall, there is a mix of increases and decreases, with increases being the main force and some differentiation. Data show that in 2020, the total profit of the coal mining and washing industry was 222.27 billion yuan, a year-on-year decrease of 21.1%, and the decline was 3.4 percentage points narrower than that from January to November 2020; the total profit of the oil and natural gas mining industry was 25.71 billion yuan, a year-on-year decrease 83.2%, a decrease of 12.4 percentage points compared with January to November 2020; the total profit of the ferrous metal mining and dressing industry was 38.06 billion yuan, a year-on-year increase of 74.9%, an increase of 29.9 percentage points compared with January to November 2020; non-ferrous metal mining The processing industry was 35.37 billion yuan, a year-on-year increase of 14.7%, and the growth rate was 0.4 percentage points narrower than that from January to November 2020; the total profit of the non-metallic mineral mining and processing industry was 32.59 billion yuan, a year-on-year increase of 4.2%, and the growth rate was 0.4 percentage points lower than that from January to November 2020. The monthly expansion was 3.4 percentage points.

Data show that in 2020, the operating income of the mining industry was 3.88123 billion yuan, a year-on-year decrease of 8.2%, and the decline was 1.2 percentage points narrower than that from January to November 2020. The operating income profit margin of the mining industry was 9.15%, a decrease of 0.83 percentage points from January to November 2020.

The data also shows that the asset-liability ratio of the mining industry was 60.1% at the end of 2020, which was higher than the end of the previous year (59.1%).

In addition, the cumulative profit growth of the raw material manufacturing industry in 2020 has turned from negative to positive. As the upstream and downstream industrial chains gradually unblocked, and under the combined influence of factors such as the rebound in domestic market demand and the rebound in international commodity prices such as petrochemicals and non-ferrous metals, the profits of the raw material manufacturing industry quickly recovered and improved quarter by quarter after a sharp decline at the beginning of the year. Especially since the second half of last year, the profits of the raw material manufacturing industry have grown rapidly for two consecutive quarters. In 2020, the profits of the raw material manufacturing industry increased by 4.5% compared with the previous year, and fell by 1.7% from January to November 2020. Among them, the cumulative profit decline of the petroleum processing and steel industries narrowed significantly, falling by 26.5% and 7.5% respectively for the whole year, which was 39.7 and 11.2 percentage points narrower than the first three quarters of last year; the cumulative profit of the chemical industry increased by 20.9%, and the decline rate was 39.7 and 11.2 percentage points lower than that of the first three quarters of last year. was a decrease of 17.7%; the profit of the non-ferrous industry increased by 20.3%, and the growth rate further accelerated.