Profits earned by China's industrial firms surged 178.9% yoy to CNY 1.11 trillion in January-February 2021, suggesting the economy consolidated its recovery from last year's massive slump. Profits soared at both state-owned industrial firms (182%) and private-sector (136.7%). Among the 41 industries surveyed, 38 saw profit rises. The communications posted the largest increase in profit (-5,891.5%), followed by automobile (2,525.6%), chemical raw materials (498.4%), electrical machinery & equipment (430.8%), special equipment manufacturing (399%), general equipment (319.3%), ferrous metal smelting (3,895.8%), coal mining (204.4%), textile (142.5%), non-metallic mineral products (81.9%), and power, electricity (44.7%). In contrast, profits at oil and natural gas extraction industry fell (-28.7%). source: National Bureau of Statistics of China

Corporate Profits in China averaged 1782270.87 CNY Million from 1996 until 2021, 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 2021.

Corporate Profits in China is expected to be 4500000.00 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 6950000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 7150000.00 CNY Million in 2022, according to our econometric models.

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China Total Industrial Profits

Actual Previous Highest Lowest Dates Unit Frequency
1114010.00 6451610.00 7518710.00 1617.00 1996 - 2021 CNY Million Monthly
Current prices, NSA, CMVL


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 01:30 AM Oct 0.7% -2.4% -0.6%
2020-12-27 01:30 AM Nov 2.4% 0.7% 1.1%
2021-01-27 01:30 AM Dec 4.1% 2.4% 3.2%
2021-03-27 01:30 AM Feb 178.9% 4.1% 4.7%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
China Industrial Profits Soar in January-February
Profits earned by China's industrial firms surged 178.9% yoy to CNY 1.11 trillion in January-February 2021, suggesting the economy consolidated its recovery from last year's massive slump. Profits soared at both state-owned industrial firms (182%) and private-sector (136.7%). Among the 41 industries surveyed, 38 saw profit rises. The communications posted the largest increase in profit (-5,891.5%), followed by automobile (2,525.6%), chemical raw materials (498.4%), electrical machinery & equipment (430.8%), special equipment manufacturing (399%), general equipment (319.3%), ferrous metal smelting (3,895.8%), coal mining (204.4%), textile (142.5%), non-metallic mineral products (81.9%), and power, electricity (44.7%). In contrast, profits at oil and natural gas extraction industry fell (-28.7%).
2021-03-27
China Industrial Profits Rise 4.1% YoY in 2020
Profits earned by China's industrial firms increased by 4.1% yoy to CNY 6.45 trillion in 2020, after a 2.4% growth in the first eleven months of the year, as the economy recovered further from the COVID-19 crisis. Profits at private-sector grew 3.1%, while those at state-owned industrial firms fell 2.9%. Among the 41 industries surveyed, 26 saw profit rises. The special equipment manufacturing posted the largest increase in profit (24.4%), followed by chemical products (20.9%), metal smelting and rolling processing (20.3%),communications (17.2%), general manufacturing (13.0%), automobile (4.0%), electrical machinery (3.4%), and non-metallic mineral products (2.7%). In contrast, petroleum and natural gas extraction tumbled 26.5%, the coal mining and washing industry plunged 21.1%. In December alone, industrial profits jumped 20.1% yoy to CNY 707.11 billion, the eighth straight month of gain, after a 15.5% rise in November.
2021-01-27
China Industrial Profits Rise 2.4% YoY in Jan-Nov
Profits earned by China's industrial firms rose by 2.4% yoy to CNY 5.74 trillion in January-November 2020, after a 0.7% gain in the first ten months of the year, as the economy recovered further from the COVID-19 crisis. Profits at private-sector grew 1.8%, while those at state-owned industrial firms fell 4.9%. Among the 41 industries surveyed, 25 saw profit rises. Among the 41 industries surveyed, 25 saw profit rises. The special equipment manufacturing posted the largest increase in profit (-23%), followed by communications (15.7%), general manufacturing (12.5%), chemical products (10.5%), metal smelting and rolling processing (10.1%), automobile (7.2%), electrical machinery (6.6%), and non-metallic mineral products (1.4%). In contrast, petroleum and natural gas extraction plunged 70.8%, and the coal mining and washing industry fell 24.5%. In November alone, industrial profits jumped 15.5% yoy to CNY 729.32 billion, the seventh straight month of gain, after a 28.2% surge in October.
2020-12-27
China Total Industrial Profits Rise 0.7% YoY in Jan-Oct
Profits earned by China's industrial firms rose by 0.7% yoy to CNY 5.01 trillion in January-October 2020, after a 2.4% drop in the first nine months of the year, as the economy gradually recovers from the COVID-19 crisis. Profits at private-sector grew by 1.1%, while those at state-owned industrial firms declined by 7.5%. Among the 41 industries surveyed, 25 saw profit rises. The special equipment manufacturing posted the largest increase in profit (-22.9%), followed by the agricultural and food processing (14.6%), communications (12.6%), automobile (6.6%), non-ferrous metal smelting (5%), machinery and equipment (3.5%), and non-metallic mineral products (0.9%). In contrast, petroleum and natural gas extraction plunged 68.5%, and the coal mining and washing industry fell 27.7%. In October alone, industrial profits jumped 28.2% yoy to CNY 642.91 billion, the sixth straight month of gain and the most since early 2017, after a 10.1% rise in September.
2020-11-27

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.