In the January-September period this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 4.0452 trillion ($660.9 billion), increasing by 13.5 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on October 27. In September alone, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 558.89 billion ($91.3 billion), increasing by 18.4 percent compared to September last year.
Of the 41 major industrial sectors in China, in the first nine months this year 24 sectors registered year-on-year increases in gross profit, 15 sectors witnessed year-on-year decreases in gross profit, while two sectors achieved profitability following losses recorded in the same period last year.
In particular, in the January-September period of the current year the aggregate gross profit of the ferrous metal mining industry in China was RMB 64.78 billion ($10.58 billion), decreasing by 2.1 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 77.63 billion ($12.68 billion), increasing by 90.9 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-September period this year was RMB 112.16 billion ($18.33 billion), increasing by 18.8 percent year on year. In addition, in the first nine months of the current year total gross profits of the general equipment manufacturing sector in China rose by 13.1 percent year on year to RMB 187.13 billion ($30.58 billion), the total gross profits of China's automobile manufacturing sector amounted to RMB 353.35 billion ($57.74 billion), indicating a year-on-year increase of 19.8 percent, while the total gross profits of the railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 3.5 percent year on year to RMB 53.07 billion ($8.67 billion).