In the January-November period this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 5.3338 trillion ($871.5 billion), increasing by 13.2 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on December 27. In November alone, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 707.48 billion ($115.6 billion), increasing by 9.7 percent compared to November last year.
Of the 41 major industrial sectors in China, in the first 11 months this year 27 sectors registered year-on-year increases in gross profit, 12 sectors witnessed year-on-year decreases in gross profit, while two sectors achieved profitability following losses recorded in the same period last year.
In particular, in the January-November period of the current year the aggregate gross profit of the ferrous metal mining industry in China was RMB 90.3 billion ($14.75 billion), increasing by 2.8 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 124.2 billion ($20.3 billion) in the given period, increasing by 53.9 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-November period this year was RMB 153.11 billion ($25 billion), increasing by 16.5 percent year on year. In addition, in the first 11 months of the current year, the total gross profits of China's automobile manufacturing sector amounted to RMB 453.87 billion ($74.2 billion), indicating a year-on-year increase of 23.7 percent, while the total gross profits of the railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 3.5 percent year on year to RMB 72.11 billion ($11.78 billion).
