Profits earned by China's industrial firms increased by 66.9% yoy to CNY 4.22 trillion in January-June 2021, following an 83.4% surge in the prior period, amid stable recovery momentum, with profits continuing to grow for both state-owned industrial firms (111.9%) and private-sector (47.1%). Among the 41 industries surveyed, 39 saw profit rises. Profits continued to rise in non-ferrous metal smelting (272.8%), oil and gas extraction (248.6%), ferrous metal smelting and rolling (234.1%), chemical raw materials (176.8%), coal mining and washing (113.8%), automobile (45.2%), computer, communications (45.2%), electrical machinery (36.1%), general equipment (34.5%), manufacturing equipment (31%), agriculture (5.4%), and textile (2.3%). In July alone, industrial profits rose by 20% yoy to CNY 791.8 billion, slowing from a 36.4% gain in June, as the imbalance of corporate profitability lingered on the back of high commodity prices and supply chain challenges. source: National Bureau of Statistics of China
Corporate Profits in China averaged 1801849.11 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 July of 2021.
Corporate Profits in China is expected to be 6012000.00 CNY Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.