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.

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China Total Industrial Profits

Actual Previous Highest Lowest Dates Unit Frequency
4218330.00 3424740.00 7518710.00 1617.00 1996 - 2021 CNY Million Monthly
Current prices, NSA, CMVL


Calendar GMT Actual Previous Consensus TEForecast
2021-04-27 01:30 AM Mar 137.3% 178.9% 45%
2021-05-27 01:30 AM Apr 106.1% 137% 52%
2021-06-27 01:30 AM May 83.4% 106.1% 82%
2021-07-27 01:30 AM Jun 66.9% 83.4% 65%


News Stream
China Industrial Profits Remain Solid in H1
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.
2021-07-27
China Industrial Profits Extend Growth
Profits earned by China's industrial firms increased by 83.4% yoy to CNY 3.42 trillion in January-May 2021, following a 106.1% surge in the prior period, amid stable economic recovery momentum, with profits continuing to grow for both state-owned industrial firms (150.1%) and private-sector (56.3%). Among the 41 industries surveyed, 39 saw profit rises. Profits continued to rise in non-ferrous metal smelting and rolling industry (386.7%), ferrous metal smelting and rolling (273.1%), chemical raw materials (211.4%), coal mining and washing industry (109.4%), automobile (81.1%), electrical machinery (49.8%), computer, communications (49.3%), general equipment (45.5%), special purpose equipment (38.4%), the electricity industry (24.7%), agriculture (11%), and textile (4.7%). In May alone, industrial profits rose by 36.4% yoy to CNY 829.9 billion, slowing from a 57% jump in April, amid more prominent in the imbalance of corporate profitability and unstable foundation for recovery.
2021-06-27
China Industrial Profits Remain Robust in Jan-April
Profits earned by China's industrial firms increased by 106.1% yoy to CNY 2.59 trillion in January-April 2021, after a 137% surge in the prior period, as economic recovery momentum continued. Profits soared at both state-owned industrial firms (186.8%) and private-sector (89.2%). Among the 41 industries surveyed, 39 saw profit rises. The non-ferrous metal smelting and rolling industry posted the largest gain in profit (484%), followed by ferrous metal smelting and rolling (416%), chemical raw materials (272%), automobile (157.5%), petroleum industry (119%), coal mining and washing (91.5%), communications (86.2%), electrical machinery and equipment (85.8%), special equipment manufacturing (77.7%), and the electricity industry (40.5%). In April alone, industrial profits rose by 57% yoy, slowing sharply from a 92.3% jump in March, amid high commodity prices and weaker performance in the consumer goods sector.
2021-05-27
China Industrial Profits Jump 137% YoY in Jan-March
Profits earned by China's industrial firms rose by 137.3% yoy to CNY 1.825 trillion in January-March 2021, after a 178.9% surge in the previous two months, as a recovery in the economy from last year's massive slump gained traction. Profits soared at both state-owned industrial firms (199.4%) and private-sector (91.9%). Among the 41 industries surveyed, 39 saw profit rises. The automobile industry posted the largest increase in profit (843.4%), followed by non-ferrous metal smelting (471.4%), ferrous metal smelting and rolling processing (387.6%), chemicals raw materials (342.5%), electrical machinery (166.7%), special equipment manufacturing (145.5%), communications (141.4%), general manufacturing (118.7%), coal mining and washing (94.3%), electricity and heat production (50.7%), and textile (40.4%). In March alone, profits at China's industrial firms rose 92.3% yoy to CNY 711.18 billion, as demand for raw materials soared along with the economic recovery.
2021-04-27

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.