China’s industrial enterprises’ gross profit down 3.4% in Jan-Apr

Tuesday, 28 May 2019 10:20:32 (GMT+3)   |   Shanghai

In the January-April period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 1.81294 trillion ($262.7 billion), down 3.4 percent year on year, as announced by China's National Bureau of Statistics (NBS).

In the January-April period of the year, of the 41 industrial sectors in China, 27 witnessed year-on-year increases in gross profit, while 14 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 77.45 billion ($11.2 billion) and RMB 148.01 billion ($21.5 billion), declining by 28.1 percent and 25.9 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 5.39 billion ($0.8 billion), RMB 42.96 billion ($6.2 billion) and RMB 16.91 billion ($2.5 billion), up 185.2 percent, 15.4 percent and 67.6 percent year on year, respectively.

Most Recent Related Articles

US steel imports up 99.3 percent in January

Steel plate prices stable in Turkey

PBOC increases financial support for small and medium enterprises in China

Import HRC prices in India drop after booking from South Korea

Indian HDG exporters hike offers, small tonnages sold to Europe and Gulf