Profits earned by China's industrial firms declined by 4.0% yoy to CNY 8.40 trillion in 2022, after a 3.6% drop in the previous period, reflecting the ongoing impact of long anti-COVID measures and a deepening property downturn. The latest result came amid weak profits in the private sector (-7.2% vs -7.9% in January-November) and despite an acceleration in profits of state-owned industrial firms (3% vs 0.5%). Among the 41 industries surveyed, 19 saw profit falls, namely ferrous metal smelting and rolling industry (-91.3%), petroleum and coal and other fuel (-82.8%), textile (-17.8%), non-ferrous metal smelting (-16.1%), non-metallic mineral products (-15.5%), and equipment manufacturing (-13.1%). China's statistics agency did not release figures for December alone. In 2021, industrial profits in the mainland jumped by 34.3%. source: National Bureau of Statistics of China
Corporate Profits in China averaged 2037294.03 CNY Million from 1996 until 2022, reaching an all time high of 8709210.00 CNY Million in December of 2021 and a record low of 1617.00 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 February of 2023.
Corporate Profits in China is expected to be 1800000.00 CNY Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.