In the January-August period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 3.76627 trillion ($591.3 billion), decreasing by 1.9 percent year on year, according to data released by China’s National Bureau of Statistics (NBS) on September 28.
Of the 41 major industrial sectors in China, in the January-August period this year 31 sectors registered year-on-year increases in gross profit, while 10 sectors witnessed year-on-year decreases in gross profit. In the January-August period this year, the aggregate gross profit of the ferrous metal mining industry in China was RMB 27.09 billion ($4.25 billion), decreasing by 44.4 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 35.83 billion ($5.62 billion) in the given period, declining by 51.6 percent year on year.
The aggregate gross profit of the metal product manufacturing sector in China in the January-August period was RMB 117.27 billion ($18.41 billion), increasing by 9.3 percent year on year. In addition, in the given period, the total gross profit of China’s automobile manufacturing sector amounted to RMB 362.48 billion ($56.90 billion), indicating a year-on-year decrease of 4.5 percent, while the total gross profit of the country’s railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 1.9 percent year on year to RMB 55.41 billion ($8.70 billion).