In the January-March period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 1.7043 trillion ($247.36 billion), up 28.3 percent year on year, as announced by China's National Bureau of Statistics (NBS).
In the January-March period this year, of the 41 industrial sectors in China, 38 witnessed year-on-year increases in gross profit. In the given period, the ferrous metal mining and dressing sector and the ferrous metal smelting and rolling sector recorded respective gross profits of RMB 11.29 billion ($1.64 billion) and RMB 65.71 billion ($9.54 billion), respectively rising by 88.2 percent and 358.9 percent year on year, while the metal manufacturing sector, the automotive sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 44.38 billion ($6.44 billion), RMB 168.47 billion ($24.45 billion) and RMB 19.04 billion ($2.76 billion), up 10.8 percent,19 percent and 1.2 percent, year on year, respectively.