According to China's National Bureau of Statistics, in the January-August period of the current year Chinese state-owned companies and other companies with annual sales volumes of over RMB 5 million ($0.75 million) recorded an aggregate profit of RMB 2,600.5 billion ($388.71 billion), up 55 percent year on year. Of the Chinese companies in question, state-owned companies created RMB 842.3 billion ($125.9 billion) in profits, up 67.5 percent year on year. collective companies recorded total profits of RMB 47.1 billion ($7.04 billion), up 35.8 percent year on year, while joint-stock companies' aggregate profit reached RMB 1,405.6 billion ($210.1 billion), up 53.4 percent year on year. The profits of private-owned companies amounted to RMB 671.5 billion ($100.37 billion), up 50.9 percent compared to the same period last year.
Of all 39 industrial sectors in China, profits in 36 industries increased year on year, one industry switched from loss to profit, and two industries recorded reduced profits. The profits of the petroleum and natural gas industry increased by 93.2 percent, the profits of the ferrous metal mining and dressing industry increased by 1.3 times, the chemical and chemical products industry's profits rose by 49.6 percent, the profits of the ferrous metal smelting and pressing industry increased by 99.7 percent, the non-ferrous metal smelting and pressing industry's profits increased by 1.3 times, profits of the transportation equipment manufacturing industry increased by 80.7 percent, profits of the electricity and thermal power supply sector increased by 1.2 times, while profits of the oil processing, coking and nuclear processing industry dropped by 31 percent - all on year-on-year basis.
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