Profits earned by China's industrial firms increased by 49.5% yoy to CNY 5.60 trillion in January-August 2021, following a 57.3% surge in the prior period and slowing for the 6th straight month, amid moderation in recovery momentum, with profits continuing to grow for both state-owned industrial firms (86.9%) and private-sector (34.4%). Among the 41 industries surveyed, 37 saw profit rises: petroleum, coal and other fuel (2,471.2%), oil and natural gas extraction (265.1%), non-ferrous metal smelting (177.5%), ferrous metal smelting and rolling (155.6%), chemical raw materials (144.7%), coal mining and washing (145.3%), computer, communications (34.8%), electrical machinery (20.6%), general equipment (25.7%), non-metallic mineral products (16.8%), and automobile (5.5%). In August alone, industrial profits rose by 10.1% yoy to CNY 680.3 billion, after a 16.4% gain in August, on Delta outbreaks, high raw material cost, and efforts to control pollution. source: National Bureau of Statistics of China

Corporate Profits in China averaged 1829114.43 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 October of 2021.

Corporate Profits in China is expected to be 5112000.00 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


Calendar GMT Actual Previous Consensus TEForecast
2021-06-27 01:30 AM May 83.4% 106.1% 82%
2021-07-27 01:30 AM Jun 66.9% 83.4% 65%
2021-08-27 01:30 AM Jul 57.3% 66.9% 45%
2021-09-28 01:30 AM Aug 49.5% 57.3% 45%


News Stream
China Industrial Profit Growth Eases Further in Jan-August
Profits earned by China's industrial firms increased by 49.5% yoy to CNY 5.60 trillion in January-August 2021, following a 57.3% surge in the prior period and slowing for the 6th straight month, amid moderation in recovery momentum, with profits continuing to grow for both state-owned industrial firms (86.9%) and private-sector (34.4%). Among the 41 industries surveyed, 37 saw profit rises: petroleum, coal and other fuel (2,471.2%), oil and natural gas extraction (265.1%), non-ferrous metal smelting (177.5%), ferrous metal smelting and rolling (155.6%), chemical raw materials (144.7%), coal mining and washing (145.3%), computer, communications (34.8%), electrical machinery (20.6%), general equipment (25.7%), non-metallic mineral products (16.8%), and automobile (5.5%). In August alone, industrial profits rose by 10.1% yoy to CNY 680.3 billion, after a 16.4% gain in August, on Delta outbreaks, high raw material cost, and efforts to control pollution.
2021-09-28
China Industrial Profits Rise 57.3% YoY in January-July
Profits earned by China's industrial firms increased by 57.3% yoy to CNY 4.92 trillion in January-July 2021, following a 66.9% surge in the prior period, amid stable recovery momentum, with profits continuing to grow for both state-owned industrial firms (102.2%) and private-sector (40.2%). Among the 41 industries surveyed, 36 saw profit rises, including oil and natural gas extraction (266.7%), non-ferrous metal smelting (200.1%), ferrous metal smelting and rolling (182%), chemical raw materials (162.4%), coal mining and washing (127.9%), computer, communications (43.2%), electrical machinery (30.2%), general equipment (25.7%), automobile (19.7%), and textile (4.2%). In July alone, industrial profits rose by 16.4% yoy to CNY 703.67 billion, slowing from a 20% gain in July, amid the Delta outbreaks, severe floods and high raw material cost.
2021-08-27
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 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.

China Last Unit Reference Previous Highest Lowest
Business Confidence 49.60 points Sep/21 50.10 59.20 35.70
Non Manufacturing PMI 53.20 percent Sep/21 47.50 62.20 29.60
Industrial Production Mom 0.31 percent Aug/21 0.30 36.56 -22.10
Industrial Production 5.30 percent Aug/21 6.40 35.10 -21.10
Manufacturing Production 5.50 percent Aug/21 6.20 39.50 -15.70
New Orders 49.30 points Sep/21 49.60 65.10 29.30
Changes in Inventories 6718.00 CNY HML Dec/20 6609.00 15873.10 3.00
Leading Economic Index 99.60 points Jul/21 100.40 118.17 96.70
Electricity Production 738350.00 Gigawatt-hour Aug/21 758620.00 758620.00 41760.00
Mining Production 2.50 percent Aug/21 0.60 17.50 -6.50
Corporate Profits 5605140.00 CNY Million Aug/21 4923950.00 7518710.00 1617.00
Cement Production 21516.68 Ten Thousands of Tonnes Aug/21 20582.12 24868.68 781.50
Capacity Utilization 78.40 percent Jun/21 77.20 78.40 67.30