In 2017, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 7.51871 trillion ($1.1768 trillion), up 21.0 percent year on year, as announced by China's National Bureau of Statistics (NBS) on January 27 2018.
In the given year, of the 41 industrial sectors in China, 37 witnessed year-on-year increases in gross profit, three 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 and the ferrous metal smelting and rolling sector recorded respective gross profits of RMB 41.3 billion ($6.46 billion) and RMB 341.94 billion ($53.52 billion), respectively up 43.8 percent and 177.8 percent year on year, while the metal manufacturing sector and the automotive sector recorded respective gross profits of RMB 200.59 billion ($31.39 billion) and RMB 683.29 billion ($106.94 billion), rising by 5.4 percent and 5.8 percent year on year, respectively, and the railway, shipping, aerospace and other transportation equipment manufacturing sector indicated a gross profit of RMB 87.32 billion ($13.67 billion), down 1.1 percent year on year.