Trade Resources Economy Profit of Large and Medium-Sized Industrial Enterprises in China Amounted to RMB 4.36522 T

Profit of Large and Medium-Sized Industrial Enterprises in China Amounted to RMB 4.36522 T

In the January-September period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 4.36522 trillion ($0.711 trillion), increasing by 7.9 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on October 28, with the increase rate in question 2.1 percentage points lower than that recorded in the January-August period of the current year. In September alone, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 563.39 billion ($91.76 billion), increasing by 0.4 percent compared to September 2013, while in August the figure had decreased by 0.6 percent compared to August 2013.

Of the 41 major industrial sectors in China, in the January-September period this year 33 sectors registered year-on-year increases in gross profit, while seven sectors witnessed year-on-year decreases in gross profit. In particular, in the January-September period this year, the aggregate gross profit of the ferrous metal mining industry in China was RMB 55.45 billion ($9.03 billion), decreasing by 14.7 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 87.79 billion ($14.30 billion) in the given period, increasing by 12.3 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-September period this year was RMB 124.75 billion ($20.32 billion), increasing by 11.6 percent year on year. In addition, in the given period, the total gross profit of China's automobile manufacturing sector amounted to RMB 425.24 billion ($69.26 billion), indicating a year-on-year increase of 21.0 percent, while the total gross profit of the country's railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 35.6 percent year on year to RMB 62.18 billion ($10.13 billion).

Source: http://www.steelorbis.com/steel-news/latest-news/chinese-industrial-enterprises-gross-profits-up-79-in-jan_sept-851232.htm
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Chinese Industrial Enterprises’ Gross Profits up 7.9% in Jan-Sept
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