In the January-February period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 968.9 billion ($154.9 billion), up 16.1 percent year on year, as announced by China's National Bureau of Statistics (NBS) on March 27.
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 the gross profit of one sector remained unchanged. In the given period, the ferrous metals mining and dressing sector, the automotive sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 2.06 billion ($0.33 billion), RMB 91.73 billion ($14.7 billion) and RMB 5.4 billion ($0.86 billion), declining by 20.8 percent, 1.8 percent and 22.3 percent year on year, respectively. At the same time, the ferrous metal smelting and rolling sector and the metal manufacturing sector recorded respective gross profits of RMB 52.66 billion ($8.4 billion) and RMB 23.8 billion ($3.8 billion), up 97.7 percent and 2.4 percent year on year.