For January to May +22.7% y/y (i.e this is YTD)
Contributors cited for the good results include better sales volumes and margins.
Its not all gravy, though, the NBS citing costs falling for larger firms but rising for those of smaller size
This data is a good sign for those wanting to see signs of stabilisation for China's economy.
This data from China coming out a little after its scheduled time.
The National Bureau of Statistics look at large companies with annual revenue of greater than 20 million yuan from their main operations for this data point.