In 2012, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 5.5578 trillion ($885 billion), increasing by 5.3 percent compared to 2011, according to China's National Bureau of Statistics (NBS).
Of the 41 major industrial sectors, gross profits of 29 sectors registered year-on-year increases, while 11 sectors witnessed year-on-year decreases in their gross profits. In particular, in 2012 the total gross profits of China's automobile manufacturing sector indicated a year-on-year increase of 5.6 percent, total gross profits of the electrical machinery and equipment manufacturing sector increased by 8.3 percent year on year, and total gross profits of the general equipment manufacturing sector increased by 4.2 percent year on year. In addition, last year the aggregate gross profits of the ferrous metal smelting and processing industry in China decreased by 37.3 percent year on year.
