Profits earned by China's industrial firms plunged 38.3 percent year-on-year to CNY 0.41 trillion in January-February 2020. This was the steepest decline in industrial profits in at least a decade, as the economy battled with the coronavirus epidemic. Profits at state-owned industrial firms slumped 32.9 percent, and those at private-sector tumbled 36.6 percent. Among the 41 industries surveyed, 37 saw profit falls, including telecommunications and electronic equipment (-87 percent), automotive (-79.6 percent), electrical machinery and equipment (-68.2 percent), chemicals (-66.4 percent), general equipment (-62.3 percent), and textile (-59.3 percent).
Corporate Profits in China averaged 1713657.14 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 April of 2020. source: National Bureau of Statistics of China
Corporate Profits in China is expected to be 1200000.00 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 6750000.00 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.