By Kate Yuan

(JW Insights) Aug 28 -- China’s computer, communication, and other electronic equipment manufacturing industries see their profit decline 26.4% in January-July from a year earlier, according to data from the National Bureau of Statistics (NBS) on August 27.

In January-July, the revenue of industrial enterprises with designated scale of annual main business revenue of RMB20 million ($2.74 million) or more was RMB73.22 trillion ($10.05 trillion), dropping 0.5% from the last year. The operating costs were RMB62.40 trillion ($8.57 trillion), up 0.2% year on year. The profit margin of revenue was 5.39%, a decrease of 0.95 percentage points over the previous year.

The total profits of these enterprises reached RMB3,943.98 billion ($541.5 billion), down 15.5% over the previous year, narrowing the decline by 1.3 percentage points compared to the period from January to June.

From January to July, the total profits of the manufacturing industry amounted to RMB2,769.42 billion ($380.27 billion), a decrease of 18.4%. The total profits of the electricity, heat, gas, and water production and supply industry reached RMB391.82 billion ($53.80 billion), surging 38.0%.

Among the 41 major industrial sectors, the total profits of 13 sectors increased year on year, including electricity, heat production and supply industry(51.2%), the electrical machinery and equipment manufacturing industry(33.7%), and the automobile manufacturing industry(1.0%), according to the NBS data.