In the January-February period this year, of the 41 industrial sectors in China, 10 witnessed year-on-year increases in gross profit, while 28 saw decreases in gross profit, though two shifted from profit to loss, as announced by China's National Bureau of Statistics (NBS) on March 27. In the given period, the ferrous metal smelting and rolling sector recorded a gross loss of RMB 10.1 billion ($1.5 billion), decreasing by 151.1 percent year on year.
The automotive sector recorded a gross profit of RMB 74.14 billion ($10.8 billion) in the first two months this year, down 9.9 percent year on year.
At the same time, the ferrous metals mining and dressing sector, the metal manufacturing sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded gross profits of RMB 12.6 billion ($1.8 billion), RMB 23.17 billion ($3.4 billion) and RMB 3.01 billion ($0.4 billion) in the January-February period, up 15.5 percent, down 0.6 percent, and down 34.7 percent year on year, respectively.
In the given period, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 887.21 billion ($129.1 billion), down 22.9 percent year on year.
