In the first half of this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 2.58366 trillion ($419 billion), increasing by 11.1 percent year on year, according to China's National Bureau of Statistics (NBS).
In June alone, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 502.42 billion ($81.4 billion), increasing by 6.3 percent compared to June last year.
Of the 41 major industrial sectors in China, in the first six months 30 sectors registered year-on-year increases in gross profit, eight sectors witnessed year-on-year decreases in gross profit, two 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-June period of the current year the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 45.44 billion ($7.4 billion), increasing by 22.7 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal mining industry in China was RMB 37.4 billion ($6.1 billion), increasing by 4.5 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-June period this year was RMB 70.25 billion ($11.4 billion), increasing by 18.4 percent year on year.
In addition, in the first six months of the current year total gross profits of the general equipment manufacturing sector in China rose by 11 percent year on year to RMB 120.25 billion ($19.55 billion), the total gross profits of China's automobile manufacturing sector amounted to RMB 232.71 billion ($37 billion), indicating a year-on-year increase of 20.2 percent, while the total gross profits of the railway, ship, aerospace and transportation machinery and equipment manufacturing sector decreased by 5.5 percent year on year to RMB 34.68 billion ($5.6 billion).