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.

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China Total Industrial Profits

Actual Previous Highest Lowest Dates Unit Frequency
410700.00 6199550.00 7518710.00 1617.00 1996 - 2020 CNY Million Monthly
Current prices, NSA, CMVL


Calendar GMT Actual Previous Consensus TEForecast
2019-11-27 01:30 AM Oct -2.9% -2.1% -2.6%
2019-12-27 01:30 AM Nov -2.1% -2.9% -3.2%
2020-02-03 01:30 AM Dec -3.3% -2.1% -3.6%
2020-03-27 01:30 AM Feb -38.3% -3.3% -8%


News Stream
China Industrial Profits Fall the Most in A Decade
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).
2020-03-27
China Industrial Profits Post 1st Annual Fall in 4 Years
Profits earned by China's largest industrial firms dropped by 3.3 percent to CNY 6.20 trillion in 2019, following a 2.1 percent fall in the January to November period. This was the first full-year decline since 2015 when profits fell 2.3 percent. Profits at state-owned industrial firms slumped 12 percent, while private-sector profits rose 2.2 percent. Among the 41 industries surveyed, 13 saw profit falls, including petroleum, coal and other fuel processing industries (-42.5 percent), ferrous metal smelting and rolling processing (-37.6 percent), chemicals (-25.6 percent), automotive (-15.9 percent), textiles (-10.9 percent) and coal mining (-2.4 percent). Conversely, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs, increased 3.1 percent. In December only, industrial profits fell 6.3 percent to CNY 588.4 billion, after a 5.4 percent gain in November.
2020-02-03
China Total Industrial Profits Drop 2.1% YoY in January-November
Profits earned by China's largest industrial firms dropped by 2.1% to CNY 5.61 trillion in the first 11 months of 2019, following a 2.9% fall in January-October. Profits at state-owned industrial firms slumped 11.2% while those at private firms rose 6.5%. Among the 41 industries surveyed, 13 saw profit falls, including petroleum, coal and other fuel processing industries (-47.2%), ferrous metal smelting and rolling processing (-42.3%), chemicals (-23.3%), autos (-13.9%), paper (-10.7%) and textiles (-4.9%). Conversely, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs, increased 4.1%. In November only, industrial profits rose 5.4% to CNY 593.9 billion, after a 9.9% fall in October. It is the biggest gain in eight months, boosted by an expansion in sales and production and a smaller decline in producer prices.
2019-12-27
China Industrial Profits Fall 2.9% YoY in Jan-Oct
Profits earned by China's largest industrial firms dropped by 2.9% year-on-year to CNY 5.02 trillion in the first ten months of 2019, following a 2.1% fall in January-September. Profits at state-owned industrial firms slumped 12.1% while those at private firms rose 5.3%. Among the 41 industries surveyed, 11 sectors saw year-on-year profit falls, including oil processing (-51.2%), ferrous metal smelting and rolling processing (-44.2%), chemical raw materials and chemicals products (-25.3%), automobiles (-14.7%), textile (-3.4%), and coal and mining and washing industry (-2.1%). Conversely, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, increased 6 percent. In October only, industrial profits declined 9.9% to CNY 427.56 billion, the biggest monthly drop in eight months, after a 5.3 percent fall in September, amid a decrease in producer prices for manufactured goods, slower production and sales growth.
2019-11-27

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.