In the January-May period this year, of the 41 industrial sectors in China, 14 witnessed year-on-year increases in gross profit, 24 saw decreases in gross profit, while one recorded an unchanged gross profit, year on year, as announced by China's National Bureau of Statistics (NBS) on June 28. In the given period, the ferrous metal smelting and rolling sector recorded a gross loss of RMB 2.1 billion ($0.29 billion), down 102.8 percent year on year.
The automotive sector recorded a gross profit of RMB 174.62 billion ($24.2 billion) in the first five months this year, up 24.3 percent year on year.
At the same time, the ferrous metals mining and dressing sector, the metal manufacturing sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded gross profits of RMB 18.45 billion ($2.6 billion), RMB 52.33 billion ($7.3 billion) and RMB 25.14 billion ($3.5 billion) in the January-May period, down 41.9 percent, down 13.9 percent and up 35.5 percent year on year, respectively.
In the given period, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.66889 trillion ($0.37 trillion), down 18.8 percent year on year.