In the first quarter of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in
China amounted to RMB 1.25432 trillion ($202.31 billion), decreasing by 2.7 percent year on year, according to data released by
China's National Bureau of Statistics (NBS) on April 27.
Of the 41 major industrial sectors in
China, in the first quarter this year, 30 sectors registered year-on-year increases in gross profit, while eight sectors witnessed year-on-year decreases in gross profit, with one sector recording an unchanged gross profit. Meanwhile, two sectors saw a shift from profit to loss.
In particular, in the January-March period this year, the aggregate gross profit of the ferrous metal mining industry in
China was RMB 8.35 billion ($1.35 billion), decreasing by 49.3 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in
China was RMB 18.86 billion ($3.04 billion) in the given period, increasing by 2.2 percent year on year. The aggregate gross profit of the metal product manufacturing sector in
China in the first quarter was RMB 38.67 billion ($6.24 billion), increasing by 12.9 percent year on year. In addition, in the given period, the total gross profit of
China's automobile manufacturing sector amounted to RMB 133.12 billion ($21.47 billion), indicating a year-on-year decrease of 1.0 percent, while the total gross profit of the country's railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 17.8 percent year on year to RMB 19 billion ($3.06 billion).