In the January-May period this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 2.08125 trillion ($338 billion), increasing by 12.3 percent year on year, according to China's National Bureau of Statistics (NBS).In May alone, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 470.55 billion ($76.5 billion), increasing by 15.5 percent compared to May last year.
Of the 41 major industrial sectors in China, in the first five months 33 sectors registered year-on-year increases in gross profit, six sectors witnessed year-on-year decreases in gross profit, one sector achieved profitability following the net loss recorded in the same period last year, while one sector witnessed a lower net loss on year-on-year basis.In particular, in the January-May period of the current year the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 39.68 billion ($6.5 billion), increasing by 34.3 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal mining industry in China was RMB 29.57 billion ($4.8 billion), increasing by 7.8 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-May period this year was RMB 56.05 billion ($9.1 billion), increasing by 21.8 percent year on year.In addition, in the first five months of the current year total gross profits of the general equipment manufacturing sector in China rose by 12.4 percent year on year to RMB 94.52 billion ($15 billion), the total gross profits of China's automobile manufacturing sector amounted to RMB 187.65 billion ($31 billion), indicating a year-on-year increase of 20 percent, while the total gross profits of the railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 1.3 percent year on year to RMB 26.17 billion ($4.3 billion).