In the January-February period this year, the ferrous metal smelting and rolling sector in China recorded a gross loss of RMB 2.47 billion ($0.36 billion), compared to a gross loss of RMB 1.55 billion recorded in the same period of 2025, as announced by China's National Bureau of Statistics (NBS) on March 27.
The automotive sector recorded a gross profit of RMB 43.5 billion ($6.3 billion) in the first two months this year, down 30.2 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 7.06 billion ($6.2 billion), RMB 18.09 billion ($2.6 billion) and RMB 17.28 billion ($2.5 billion) in the January-February period this year, up 15.9 percent, down 5.2 percent and up 11.4 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 1.02456 trillion ($0.15 trillion), up 15.2 percent year on year.
$1 = RMB 6.9141