In 2015, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 6.3554 trillion ($0.97 trillion), decreasing by 2.3 percent year on year, according to data released by China’s National Bureau of Statistics (NBS) on January 27.
Of the 41 major industrial sectors in China, in 2015, 29 sectors registered year-on-year increases ingross profit, while 12 sectors witnessed year-on-year decreases in gross profit. In 2015, the aggregate gross profit of the ferrous metal mining industry in China was RMB 44.64 billion ($6.78 billion), decreasing by 43.9 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 52.55 billion ($7.99 billion) in the given year, declining by 67.9 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in 2015 was RMB 210.22 billion ($31.95 billion), increasing by 4.7 percent year on year. In addition, in the given year, the total gross profit of China’s automobile manufacturing sector amounted to RMB 607.13 billion ($92.27 billion), indicating a year-on-year increase of 1.5 percent, while the total gross profit of the country’s railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 6.1 percent year on year to RMB 100.0 billion ($15.20 billion).