Profits earned by China's industrial firms fell by 8.1 percent year-on-year to CNY 3.1 trillion in January-July 2020, easing from a 12.8 percent plunge in the first six months of the year, amid a gradual recovery from the COVID-19 pandemic. Profits at state-owned industrial firms slumped 23.5 percent and those at private-sector declined 5.3 percent. Among the 41 industries surveyed, 29 saw profit falls. The mining and raw materials industries posted the largest profit declines, while company cash flow pressures remained high and uncertainty surrounding future profit growth increased amid tensions between Washington and Beijing ahead of the US presidential elections in November. In July alone, industrial profits jumped 19.6 percent year-on-year to CNY 589.5 billion, the third straight month of gains and by the most since June 2018.

Corporate Profits in China averaged 1717501.04 CNY Million from 1996 until 2020, reaching an all time high of 7518710 CNY Million in December of 2017 and a record low of 1617 CNY Million in February of 1998. This page provides - China Corporate Profits- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Industrial Profits - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: National Bureau of Statistics of China

Corporate Profits in China is expected to be 3400000.00 CNY Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Corporate Profits in China to stand at 5750000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 6950000.00 CNY Million in 2021, according to our econometric models.

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China Total Industrial Profits

Actual Previous Highest Lowest Dates Unit Frequency
3102290.00 2511490.00 7518710.00 1617.00 1996 - 2020 CNY Million Monthly
Current prices, NSA, CMVL


Calendar GMT Actual Previous Consensus TEForecast
2020-05-27 01:30 AM Industrial Profits (YTD) YoY Apr -27.4% -36.7% -28%
2020-06-28 01:30 AM Industrial Profits (YTD) YoY May -19.3% -27.4% -22%
2020-07-27 01:30 AM Industrial Profits (YTD) YoY Jun -12.8% -19.3% -17%
2020-08-27 01:30 AM Industrial Profits (YTD) YoY Jul -8.1% -12.8% -6.2%


News Stream
China Industrial Profits Drop at Softer Pace in January-July
Profits earned by China's industrial firms fell by 8.1 percent year-on-year to CNY 3.1 trillion in January-July 2020, easing from a 12.8 percent plunge in the first six months of the year, amid a gradual recovery from the COVID-19 pandemic. Profits at state-owned industrial firms slumped 23.5 percent and those at private-sector declined 5.3 percent. Among the 41 industries surveyed, 29 saw profit falls. The mining and raw materials industries posted the largest profit declines, while company cash flow pressures remained high and uncertainty surrounding future profit growth increased amid tensions between Washington and Beijing ahead of the US presidential elections in November. In July alone, industrial profits jumped 19.6 percent year-on-year to CNY 589.5 billion, the third straight month of gains and by the most since June 2018.
2020-08-27
China Industrial Profits Drop 12.8% in H1
Profits earned by China's industrial firms fell by 12.8 percent yoy to CNY 2.51 trillion in the first half of 2020, easing from a 19.3 percent plunge in the January-May period, as China's economy gradually recovers from the coronavirus crisis. Profits at state-owned industrial firms slumped 28.5 percent and those at private-sector declined 8.4 percent. Among the 41 industries surveyed, 31 saw profit falls, including oil and gas extraction industry (-72.6 percent); ferrous metal smelting (-40.3 percent); non-ferrous metal smelting (-29.4 percent); automotive (-20.7 percent); chemical & chemical products (-32.2 percent); coal mining (-31.2 percent); non-metallic mineral products (-8.7 percent); electrical machinery and equipment (-6.4 percent); and textile (-5.6 percent). In June alone, industrial profits jumped 11.5 percent yoy to CNY 666.55 billion, the second straight month of increase in industrial profits.
2020-07-27
China Industrial Profits Slump 19.3% YoY in January-May
Profits earned by China's industrial firms tumbled by 19.3% yoy to CNY 1.84 trillion in January-May 2020, compared to a 27.4% slump in January-April period, as China's economy gradually recovers from the coronavirus crisis. Profits at state-owned industrial firms plunged 39.3% (vs -46%) and those at private-sector declined 11.0% (vs -17.2%). Among the 41 industries surveyed, 30 saw profit falls, including oil and gas extraction industry (-75.8%); ferrous metal smelting, (57.2%); non-ferrous metal smelting (-43.7%);automotive (-33.5%); chemical & chemical products (-38.6%); coal mining and washing (-31.2%); thermal production and supply (-19.5%); non-metallic mineral products (-12.0%); electrical machinery and equipment (-11.6%); textile (-10.3%); general equipment (-6.5%). In May alone, industrial profits jumped 6.0% yoy to CNY 582.34 billion, recovering from a 4.3% fall in April, as production and sales rebounded amid more countries eased COVID-19 restriction lockdowns.
2020-06-28
China Industrial Profits Plunge 27.4% YoY in Jan-April
Profits earned by China's industrial firms slipped by 27.4% yoy to CNY 125.98 billion in January-April 2020, compared to a 36.7% slump in January-March period, as China's economy gradually recovers from the coronavirus crisis. Profits at state-owned industrial firms plummeted 46% (vs 45.5%) and those at private-sector declined 17.2% (vs 29.5%). Among the 41 industries surveyed, 36 saw profit falls, including petroleum, coal (-213.3%); metal products, machinery & equipment (-66.7%); automotive (-52.1%); chemical & chemical products (-48%); textile & apparel (-34.8%); non-ferrous metal smelting (-31.8%); coal mining and washing (-27%); general equipment (-17.6%); rubber & plastics (-11.9%); food manufacturing (-13%); and pharmaceutical manufacturing (-7.4%). In April alone, industrial profits fell 4.3% yoy to CNY 478.14 billion, much less than a 34.9% plunge in March, as production ad sales rebounded amid the nationwide restoration of economic activities.
2020-05-27

China Total Industrial Profits
In China, corporate profits refer to total profits of all state-owned industrial enterprises and non-state-owned industrial enterprises with the annual sales revenue above 5 million yuan.