In the January-February period of this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 709.2 billion ($113 billion), increasing by 17.2 percent year on year, according to China’s National Bureau of Statistics (NBS).
Of the 41 major industrial sectors in China, in the given period the gross profits of 30 sectors registered year-on-year increases, eight sectors witnessed year-on-year decreases in their gross profits, while two sectors achieved profitability compared to a net loss in the same period of last year and one sector registered a reduced loss as compared to the corresponding period of the previous year. In particular, in the first two months of the current year the total gross profits of China’s automobile manufacturing sector indicated a year-on-year increase of 19.8 percent, total gross profits of the electrical machinery and equipment manufacturing sector increased by 4.8 percent year on year, and total gross profits of the general equipment manufacturing sector rose by 4.3 percent year on year. In addition, in the given period the aggregate gross profit of the ferrous metal smelting and processing industry in China was equivalent to 18 times the aggregate gross profit recorded in the same period of last year.
In the January-February period of this year, the primary operating revenue of large and medium-sized industrial enterprises in China amounted to RMB 13.6962 trillion ($218 billion), increasing by 13.1 percent year on year. Meanwhile, the primary operating profit margin of large and medium-sized industrial enterprises in China in the given period was 5.18 percent.