Chinese industrial enterprises’ gross profits up 5.3% in Jan-Nov

Monday, 29 December 2014 11:45:28 (GMT+3)   |   Shanghai
       

In the January-November period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 5.6208 trillion ($0.92 trillion), increasing by 5.3 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on December 27, with the increase rate in question 1.4 percentage points lower than that recorded in the January-October period of the current year. In November alone, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 676.12 billion ($110.12 billion), decreasing by 4.2 percent compared to November 2013, while in October the figure had decreased by 2.1 percent compared to October 2013.

Of the 41 major industrial sectors in China, in the January-November period this year 33 sectors registered year-on-year increases in gross profit, while eight sectors witnessed year-on-year decreases in gross profit. In particular, in the January-November period this year, the aggregate gross profit of the ferrous metal mining industry in China was RMB 71.22 billion ($11.60 billion), decreasing by 21.4 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 131.16 billion ($21.36 billion) in the given period, increasing by 4.7 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-November period this year was RMB 167.77 billion ($27.32 billion), increasing by 9.9 percent year on year. In addition, in the given period, the total gross profit of China's automobile manufacturing sector amounted to RMB 523.64 billion ($85.28 billion), indicating a year-on-year increase of 16.7 percent, while the total gross profit of the country's railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 29.3 percent year on year to RMB 82.29 billion ($13.40 billion).


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