Chinese industrial enterprises’ gross profits down 4.2% in Jan-Feb

Friday, 27 March 2015 13:29:18 (GMT+3)   |   Shanghai
       

In the January-February period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 745.24 billion ($119.05 billion), decreasing by 4.2 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on March 27.
 
Of the 41 major industrial sectors in China, in the January-February period 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, one sector saw a shift from profit to loss, and another sector registered a year-on-year increase in its loss.
 
In particular, in the January-February period, the aggregate gross profit of the ferrous metal mining industry in China was RMB 5.35 billion ($0.85 billion), decreasing by 43.5 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 9.23 billion ($1.47 billion) in the given period, decreasing by 10.8 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in 2014 was RMB 24.63 billion ($3.93 billion), increasing by 19.2 percent year on year. In addition, in the given year, the total gross profit of China's automobile manufacturing sector amounted to RMB 79.73 billion ($12.74 billion), indicating a year-on-year decrease of 5.4 percent, while the total gross profit of the country's railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 31.4 percent year on year to RMB 10.71 billion ($1.71 billion).

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