China’s industrial enterprises’ gross profit up 21.6% in Jan-Aug

Wednesday, 27 September 2017 09:54:07 (GMT+3)   |   Shanghai
       

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 4.92135 trillion ($0.74 trillion), up 21.6 percent year on year, as announced by China's National Bureau of Statistics (NBS) on September 27.

In the first eight months of the year, of the 41 industrial sectors in China, 39 witnessed year-on-year increases in gross profit, while the remaining two saw decreases in gross profit. 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 30.37 billion ($4.58 billion) and RMB 203.5 billion ($30.7 billion), respectively up 68.6 percent and 106.9 percent year on year, while the metal manufacturing sector and the automotive sector recorded respective gross profits of RMB 134.84 billion ($20.3 billion) and RMB 447.83 billion ($67.5 billion), rising by 7.3 percent and 11.7 percent year on year, respectively, and the railway, shipping, aerospace and other transportation equipment manufacturing sector indicated a gross profit of RMB 59.19 billion ($8.9 billion), up 1.5 percent year on year.


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