Profits earned by China's largest industrial firms dropped by 2.4% from a year earlier to CNY 2.98 trillion in the first six months of 2019, compared to a 2.3% fall in January-May. Profits at state-owned industrial firms tumbled 8.7%, while those at private firms rose 6.0%. Among the 41 industries surveyed, 15 sectors saw year-on-year profit falls, including automobiles (-24.9%), oil processing (-53.6%) and steel sectors (-21.8%), due to a rise in crude oil and iron ore prices. Earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, fell 7.9%; while losses were also seen in chemical raw materials (-13.8%) and coal mining (-7.1%). In June only, industrial profits slumped 3.1% to CNY 601.9 billion, amid concerns over a recent escalation in trade row with the US. Corporate Profits in China averaged 1638234.44 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
2019-04-27 01:30 AM Industrial Profits (YTD) YoY Mar -3.3% -14%
2019-05-27 01:30 AM Industrial Profits (YTD) YoY Apr -3.4% -3.3% -4%
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 -2.4% -3%
2019-09-27 01:30 AM Industrial Profits (YTD) YoY Aug
2019-10-27 01:30 AM Industrial Profits (YTD) YoY Sep


China Business Last Previous Highest Lowest Unit
Business Confidence 49.70 49.40 59.20 38.80 Index Points [+]
Services PMI 51.60 52.00 54.70 50.00 Index Points [+]
Non Manufacturing PMI 53.70 54.20 62.20 50.80 percent [+]
Manufacturing PMI 49.90 49.40 52.30 47.20 [+]
Industrial Production 4.80 6.30 29.40 -21.10 percent [+]
Industrial Production Mom 0.19 0.67 1.32 0.13 percent [+]
Manufacturing Production 4.50 6.20 11.40 4.50 percent [+]
New Orders 49.80 49.60 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14185.80 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 2056446.00 1912565.00 3060271.00 88416.00 [+]
Car Production 1598000.00 1491400.00 2669100.00 215533.00 Units [+]
Car Registrations 1728000.00 1561200.00 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 [+]
Steel Production 87533.00 89091.00 89091.00 4918.00 Thousand Tonnes [+]
Mining Production 6.60 7.30 7.90 -3.80 percent [+]
Capacity Utilization 76.40 75.90 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 50.90 50.60 53.70 48.00 [+]
Cement Production 20985.90 22696.00 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 2984000.00 2379020.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 583400.00 558900.00 640500.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2984000.00 2379020.00 7518710.00 1617.00 1996 - 2019 CNY Million Monthly
Current prices, NSA, CMVL




Country Last Previous
China 2984000.00 Jun/19
United Kingdom 111745.00 Jun/19
Australia 93026.00 Mar/19
Canada 85116.00 Mar/19
Japan 22244.02 Mar/19
Russia 6743.00 May/19
United States 2012.30 Mar/19
Germany 192.10 Mar/19


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