In the January-March period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 1.2972 trillion ($193.3 billion), down 3.3 percent year on year, as announced by China's National Bureau of Statistics (NBS).
In the January-March period of the year, of the 41 industrial sectors in China, 28 witnessed year-on-year increases in gross profit, while 13 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 41.56 billion ($6.2 billion) and RMB 109.58 billion ($16.3 billion), declining by 44.5 percent and 25.0 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 3.81 billion ($0.57 billion), RMB 30.63 billion ($4.6 billion) and RMB 11.57 billion ($1.72 billion), up 164.6 percent, 20.6 percent and 63.6 percent year on year, respectively.