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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
China Total Industrial Profits

Actual Previous Highest Lowest Dates Unit Frequency
5744500.00 5012420.00 7518710.00 1617.00 1996 - 2020 CNY Million Monthly
Current prices, NSA, CMVL


Calendar GMT Actual Previous Consensus TEForecast
2020-09-27 01:30 AM Aug -4.4% -8.1% -4.7%
2020-10-27 01:30 AM Sep -2.4% -4.4% -1.6%
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%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Industrial Profits Drop at Softer Pace
Profits earned by China's industrial firms fell by 2.4% yoy to CNY 4.37 trillion in January-September 2020, after a 4.4% drop in the first eight months of the year, amid a further recovery from the COVID-19 pandemic. Profits at state-owned industrial firms slumped 14.3% and those at private-sector declined 0.5%. Among the 41 industries surveyed, 20 saw profit falls. The oil and natural gas extraction posted the largest profit drop (-70.2%), followed by the oil, coal and other processing industries (-66.2%), coal mining and washing industries (-30.1%), ferrous metal smelting and rolling processing (-18.7%), chemical raw materials and chemical manufacturing (-17.7%), and non-metallic mineral products (-13%). In September alone, industrial profits rose by 10.1% yoy to CNY 646.43 billion, slowing from a 19.1% jump in August, amid changes in industrial product prices, the substantial provision of asset impairment losses by some industries, and a high base in the same period.
2020-10-27
China Total Industrial Profits Drop at Softer Rate
Profits earned by China's industrial firms fell by 4.4 percent year-on-year to CNY 3.7 trillion in January-August 2020, after an 8.1 percent drop in the first seven months of the year, amid a further recovery from the COVID-19 pandemic. Profits at state-owned industrial firms slumped 17 percent and those at private-sector declined 3.3 percent. Among the 41 industries surveyed, 24 saw profit falls. The oil, coal and other fuel processing industries posted the largest profit drop (-84.4%), followed by the oil and natural gas extraction (-70.2%), the coal mining and washing industry (-30%), and ferrous metal smelting and rolling (-23.1%). In August alone, industrial profits jumped 19.1 percent year-on-year to CNY 612.8 billion, the fourth straight month of gains, buoyed in part by a rebound in commodities prices and equipment manufacturing.
2020-09-27

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.