China’s industrial enterprises’ gross profit down 2.4% in H1

Monday, 29 July 2019 10:17:22 (GMT+3)   |   Shanghai
       

In the January-June period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.984 trillion ($434.4 billion), down 2.4 percent year on year, as announced by China's National Bureau of Statistics (NBS).

In the given period, of the 41 industrial sectors in China, 26 witnessed year-on-year increases in gross profit, while 15 saw decreases in gross profit. In the given period, the ferrous metal smelting and rolling sector and the automotive sector recorded respective gross profits of RMB 143.49 billion ($20.9 billion) and RMB 248.03 billion ($36.1 billion), declining by 21.8 percent and 24.9 percent year on year, respectively.

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 9.4 billion ($1.4 billion), RMB 69.55 billion ($10.1 billion) and RMB 30.04 billion ($4.4 billion), up 327.3 percent, 14.8 percent and 33.2 percent year on year, respectively.


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