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. source: National Bureau of Statistics of China
Corporate Profits in China averaged 1766006.32 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 January of 2021.
Corporate Profits in China is expected to be 6397000.00 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 6012000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 6950000.00 CNY Million in 2021 and 7150000.00 CNY Million in 2022, according to our econometric models.