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 4.42487 trillion ($0.65 trillion), up 16.2 percent year on year, as announced by China's National Bureau of Statistics (NBS).
In the January-August period, of the 41 industrial sectors in China, 34 witnessed year-on-year increases in gross profit, while seven saw decreases in gross profit. In the given period, the ferrous metals mining and dressing sector, the automotive sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 6.99 billion ($1.02 billion), RMB 404.82 billion ($59.1 billion) and RMB 37.9 billion ($5.53 billion), declining by 17.8 percent, 2.1 percent and 2.0 percent year on year, respectively.
At the same time, the ferrous metal smelting and rolling sector and the metal manufacturing sector recorded gross profits of RMB 273.82 billion ($39.9 billion) and RMB 103.77 billion ($15.2 billion), up 80.6 percent and 4.5 percent year on year, respectively.