People work at a workshop of Harbin Dongan Automotive Engine Manufacturing Co, Ltd in northeast Heilongjiang province of China, on Feb 25, 2021. (PHOTO / XINHUA)

BEIJING – Profits of China's major industrial firms fell 20.6 percent year-on-year in the first four months of the year, data from the National Bureau of Statistics showed on Saturday.

Industrial firms with annual main business revenue of at least 20 million yuan (about $2.83 million) saw their combined profits at about 2.03 trillion yuan in the period.