In the January-April period of this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 1.61069 trillion ($261 billion), increasing by 11.4 percent year on year, according to China's National Bureau of Statistics (NBS).
In the given period, the aggregate primary operating revenues of large and medium-sized industrial enterprises in China amounted to RMB 30.41779 trillion ($4.9 trillion), increasing by 11.9 percent year on year. Meanwhile, the primary operating profit margin of large and medium-sized industrial enterprises in China in the given period was 5.3 percent.
Of the 41 major industrial sectors in China, in the given period 30 sectors registered year-on-year increases in gross profit, eight sectors witnessed year-on-year decreases in gross profit, while three sectors achieved profitability following the net losses they had recorded in the same period last year.
In particular, in the January-April period of the current year the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 31.34 billion ($5.1 billion), increasing by 38.6 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal mining industry in China was RMB 22.69 billion ($3.7 billion), increasing by 7.7 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-April period this year was RMB 42.38 billion ($6.8 billion), increasing by 21.7 percent year on year.
In addition, in the first four months of the current year the total gross profits of China's automobile manufacturing sector amounted to RMB 143.72 billion ($23 billion), indicating a year-on-year increase of 14.1 percent, total gross profits of the railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 2.9 percent year on year to RMB 20.69 billion ($3.3 billion), and total gross profits of the general equipment manufacturing sector rose by 4.3 percent year on year to RMB 70.75 billion ($11.4 billion).