China’s industrial enterprises’ gross profit up 17.2 percent in H1

Monday, 30 July 2018 10:06:19 (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 3.38821 trillion ($0.5 trillion), up 17.2 percent year on year, as announced by China's National Bureau of Statistics (NBS).

In the given year, of the 41 industrial sectors in China, 29 witnessed year-on-year increases in gross profit, 11 saw decreases in gross profit, while one sector recorded an unchanged gross profit. In the given period, the ferrous metals mining and dressing sector, the metal manufacturing sector, and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 3.01 billion ($0.44 billion), RMB 81.79 billion ($12.1 billion) and RMB 30.61 billion ($4.5 billion), declining by 50.7 percent, 0.3 percent and 1.6 percent year on year, respectively.

At the same time, the ferrous metal smelting and rolling sector and the automotive sector recorded gross profits of RMB 187.56 billion ($27.7 billion) and RMB 335.99 billion ($49.6 billion), up 113.0 percent and 4.9 percent year on year, respectively.


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