In the January-May period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.72983 trillion ($0.42 trillion), up 16.5 percent year on year, as announced by China's National Bureau of Statistics (NBS).
In the given year, of the 41 industrial sectors in China, 31 witnessed year-on-year increases in gross profit, 10 saw decreases in gross profit. In the given period, the ferrous metals mining and dressing sector, the metal manufacturing sector, and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 4.06 billion ($0.62 billion), RMB 66.27 billion ($10.1 billion) and RMB 21.78 billion ($3.3 billion), declining by 45.3 percent, 2.7 percent and 10.1 percent year on year, respectively.
At the same time, the ferrous metal smelting and rolling sector and the automotive sector recorded gross profits of RMB 110.9 billion ($16.8 billion) and RMB 263.9 billion ($40.1 billion), up 114.7 percent and 0.5 percent year on year, respectively.