China’s industrial enterprises’ gross profit up 22.8% in Jan-Sept

Friday, 27 October 2017 10:58:29 (GMT+3)   |   Shanghai
       

In the January-September period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 5.5846 trillion ($0.84 trillion), up 22.8 percent year on year, as announced by China's National Bureau of Statistics (NBS) on October 27.

In the first nine 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 34.24 billion ($5.16 billion) and RMB 241.34 billion ($36.4 billion), respectively up 66.0 percent and 118.5 percent year on year, while the metal manufacturing sector and the automotive sector recorded respective gross profits of RMB 150.06 billion ($22.64 billion) and RMB 502.91 billion ($75.85 billion), rising by 7.2 percent and 10.3 percent year on year, respectively, and the railway, shipping, aerospace and other transportation equipment manufacturing sector indicated a gross profit of RMB 69.13 billion ($10.43 billion), up 3.0 percent year on year.


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