China’s industrial enterprises’ gross profit up 15 percent in Jan-Apr

Monday, 28 May 2018 10:56:04 (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 2.12717 trillion ($0.33 trillion), up 15.0 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, 29 witnessed year-on-year increases in gross profit, 11 saw decreases in gross profit, while the gross profit of one sector remained unchanged. In the given period, the ferrous metals mining and dressing sector, the metal manufacturing sector, the automotive sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 3.17 billion ($0.50 billion), RMB 52.21 billion ($8.2 billion), RMB 204.82 billion ($32.1 billion) and RMB 15.21 billion ($2.4 billion), declining by 39.8 percent, 0.5 percent, 4.7 percent and 15.2 percent year on year, respectively. At the same time, the ferrous metal smelting and rolling sector recorded a gross profit of RMB 110.9 billion ($17.4 billion), up 95.4 percent year on year.

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