Profits earned by China's largest industrial firms dropped by 1.7% year-on-year to CNY 4.01 trillion in the first eight months of 2019, the same pace as in January-July. Profits at state-owned industrial firms declined 8.6%, while those at private firms rose 6.5%. Among the 41 industries surveyed, 13 sectors saw year-on-year profit falls, including automobiles (-19%), oil processing (-53.1%), ferrous metal smelting and rolling processing (-31.3%), non-ferrous metal mining (-23.7%), and chemicals (-13.1%). Also, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, dropped 2.7%. In August only, industrial profits declined 2% to CNY 517.79 billion, after a 2.6% increase in July, mainly due to a slowdown in industrial production and sales growth amid ongoing trade tensions. Corporate Profits in China averaged 1656499.88 CNY Million from 1996 until 2019, 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.

Corporate Profits in China is expected to be 4800000.00 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 3300000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 6950000.00 CNY Million in 2020, according to our econometric models.

China Total Industrial Profits
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-27 01:30 AM Industrial Profits (YTD) YoY May -2.3% -3.4% -3.8%
2019-07-27 01:30 AM Industrial Profits (YTD) YoY Jun -2.4% -2.3%
2019-08-27 01:30 AM Industrial Profits (YTD) YoY Jul -1.7% -2.4% -3%
2019-09-27 01:30 AM Industrial Profits (YTD) YoY Aug -1.7% -1.7% -2%
2019-10-27 01:30 AM Industrial Profits (YTD) YoY Sep -1.7% -1.2%
2019-11-27 01:30 AM Industrial Profits (YTD) YoY Oct
2019-12-27 01:30 AM Industrial Profits (YTD) YoY Nov


China Business Last Previous Highest Lowest Unit
Business Confidence 49.80 49.50 59.20 38.80 Index Points [+]
Non Manufacturing PMI 53.70 53.80 62.20 50.80 percent [+]
Manufacturing PMI 51.40 50.40 52.30 47.20 [+]
Services PMI 51.30 52.10 54.70 50.00 Index Points [+]
Industrial Production 5.80 4.40 29.40 -21.10 percent [+]
Industrial Production Mom 0.72 0.34 1.32 0.13 percent [+]
Manufacturing Production 5.60 4.30 11.40 4.30 percent [+]
New Orders 50.50 49.70 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14185.80 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 2271000.00 1958000.00 3060271.00 88416.00 [+]
Car Production 1864725.00 1693000.00 2669100.00 215533.00 Units [+]
Car Registrations 1930637.00 1653000.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Mining Production 8.10 3.70 8.10 -3.80 percent [+]
Steel Production 87251.00 85223.00 89091.00 4918.00 Thousand Tonnes [+]
Capacity Utilization 76.40 76.40 78.00 72.90 percent [+]
Competitiveness Index 73.90 72.61 73.90 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 51.90 51.60 53.70 48.00 [+]
Cement Production 21765.00 21018.20 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 4016350.00 3497700.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 668200.00 657300.00 668200.00 41760.00 Gigawatt-hour [+]


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. This page provides - China Corporate Profits- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Industrial Profits - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4016350.00 3497700.00 7518710.00 1617.00 1996 - 2019 CNY Million Monthly
Current prices, NSA, CMVL




Country Last Previous
China 4016350.00 Aug/19
United Kingdom 111745.00 Jun/19
Australia 98026.00 Jun/19
Canada 90428.00 Jun/19
Japan 23232.47 Jun/19
Russia 9111.00 Jul/19
United States 1857.53 Jun/19
Germany 182.21 Jun/19


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