In 2013, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 6.2831 trillion ($1.0385 trillion), increasing by 12.2 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on January 28. In December alone, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 942.53 billion ($115.8 billion), increasing by six percent compared to December 2012.
Of the 41 major industrial sectors in China, last year 31 sectors registered year-on-year increases in gross profit, nine sectors witnessed year-on-year decreases in gross profit, while one sector achieved profitability following losses recorded in 2012.
In particular, in the year in question the aggregate gross profit of the ferrous metal mining industry in China was RMB 105 billion ($17.4 billion), increasing by 1.8 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 169.5 billion ($28 billion) in the given year, increasing by 44.1 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in 2013 was RMB 187.83 billion ($31 billion), increasing by 13.7 percent year on year. In addition, in 2013 the aggregate gross profit of the ordinary machinery manufacturing sector amounted to RMB 286.71 billion ($47.4 billion), up 12.9 percent year on year. In the given year, the total gross profits of China's automobile manufacturing sector amounted to RMB 510.77 billion ($84.4 billion), indicating a year-on-year increase of 25 percent, while the total gross profits of the railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 10 percent year on year to RMB 92.57 billion ($15.3 billion).