China’s industrial enterprises’ gross profit up 22.7% in Jan-May

Tuesday, 27 June 2017 09:42:42 (GMT+3)   |   Shanghai
       

In the January-May period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.90476 trillion ($0.42 trillion), up 22.7 percent year on year, as announced by China's National Bureau of Statistics (NBS) on June 27.

In the January-May period of the current year, of the 41 industrial sectors in China, 38 witnessed year-on-year increases in gross profit, while the remaining three saw decreases in gross profit. In the given period, the ferrous metals mining and dressing sector and the ferrous metal smelting and rolling sector recorded respective gross profits of RMB 19.82 billion ($2.9 billion) and RMB 105.31 billion ($15.4 billion), respectively up 83.7 percent and 93.5 percent year on year, while the metal manufacturing sector, the automotive sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 79.16 billion ($11.6 billion), RMB 280.8 billion ($41.1 billion) and RMB 34.59 billion ($5.06 billion), up 7.8 percent, 10.0 percent and 1.9 percent, year on year, respectively.

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