According to China's Ministry of Industry and Information Technology (MIIT), in the January-May period this year the aggregate core business revenue of all Chinese state-owned companies and non-state-owned companies with annual sales income above RMB 5 million ($0.736 million) amounted to RMB 25,400 billion ($3,740 billion), up 38.2 percent year on year, while the aggregate net profit of the companies in question reached RMB 1,539.6 billion ($226.745 billion), up RMB 692 billion ($101.91 billion) or 81.6 percent year on year.
The net profits of China's metallurgical, non-ferrous and electricity industries increased strongly in the period in question. In January-May, the aggregate profit of the metallurgical industry came to RMB 107.5 billion ($15.83 billion), up RMB 90.4 ($13.31 billion), the overall net profit of the non-ferrous industry totaled RMB 59.5 billion ($8.76 billion), up RMB 42.2 billion ($6.215 billion), while aggregate net profits in the electricity sector reached RMB 50.4 billion ($7.422billion), up RMB 34.9 billion ($5.139 billion) - all on year-on-year basis.
(US$1 = RMB 6.79)