Chinese industrial enterprises’ gross profits down 1.3% in Jan-Apr

In the first four months of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 1.73413 trillion ($279.7 billion), decreasing by 1.3 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on May 27.
 
Of the 41 major industrial sectors in China, in the first four months this year, 30 sectors registered year-on-year increases in gross profit, while 10 sectors witnessed year-on-year decreases in gross profit. Meanwhile, one sector saw a shift from profit to loss, compared to the same period last year.
 
In the January-April period this year, the aggregate gross profit of the ferrous metal mining industry in China was RMB 11.03 billion ($1.78 billion), decreasing by 49.6 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 26.46 billion ($4.27 billion) in the given period, decreasing by 2.6 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the first four months was RMB 53.07 billion ($8.56 billion), increasing by 11.4 percent year on year. In addition, in the given period, the total gross profit of China's automobile manufacturing sector amounted to RMB 184.5 billion ($29.76 billion), indicating a year-on-year decrease of 0.5 percent, while the total gross profit of the country's railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 14.2 percent year on year to RMB 25.19 billion ($4.06 billion).