On March 27, statistics from the National Bureau of Statistics (NBS) showed that from January to February 2023, the operating income of the automobile manufacturing industry was 1,284.73 billion yuan, a year-on-year decrease of 6.2%, and the profit of the automobile manufacturing industry was 41.43 billion yuan, a year-on-year decrease of 41.7%. The industrial profit rate was 3.2%, down 2.2 percentage points from the same period last year, accounting for 4.7% of the total profits of industrial enterprises above designated size.
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