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.

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China Total Industrial Profits



Calendar GMT Actual Previous Consensus TEForecast
2022-12-27 01:30 AM Nov -3.6% -3% -5%
2023-01-31 01:30 AM Dec -4% -3.6% -5.2%


Related Last Previous Unit Reference
Business Confidence 50.10 47.00 points Jan 2023
Non Manufacturing PMI 54.40 41.60 percent Jan 2023
Industrial Production Mom 0.06 -0.31 percent Dec 2022
Industrial Production 1.30 2.20 percent Dec 2022
Manufacturing Production 0.20 2.00 percent Dec 2022
New Orders 43.90 46.40 points Dec 2022
Changes in Inventories 10996.00 6718.00 CNY HML Dec 2021
Leading Economic Index 94.39 93.85 points Sep 2022
Electricity Production 757900.00 666671.58 Gigawatt-hour Dec 2022
Mining Production 4.90 5.90 percent Dec 2022
Corporate Profits 8403850.00 7717960.00 CNY Million Dec 2022
Cement Production 16844.00 19172.00 Ten Thousands of Tonnes Dec 2022
Capacity Utilization 75.70 75.60 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
8403850.00 7717960.00 8709210.00 1617.00 1996 - 2022 CNY Million Monthly
Current prices, NSA, CMVL

News Stream
China Industrial Profits Fall 4% in 2022
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%.
2023-01-31
China Industrial Profits Fall 3.6% YoY in Jan-Nov
Profits earned by China’s industrial firms declined on an annual basis by 3.6% to 7.7 trillion yuan in the January-November period, as Covid restrictions which were still in place during those months disrupted manufacturing activity and supply chains. That followed a 3% drop for the January-October period. The figure also reflected the impact of anti-virus curbs that affected key manufacturing hubs like Guangzhou and Zhengzhou, as well as the damage from weakening external demand and lingering property sector woes. China’s economic growth was just 3% in the first three quarters of this year and is expected to stay around that rate for the full year, one of its worst years in almost half a century, as observed by Reuters.
2022-12-27
China Industrial Profits Fall 3% YoY in Jan-Oct
Profits earned by China's industrial firms declined by 3.0% yoy to CNY 69.78 trillion in the first ten months of 2022, steeper than a 2.3% drop in the previous period, amid a record high of COVID infections with more cities imposing strict curbs, weakening consumption, and a deepening property crisis. Profits at state-owned industrial firms grew 1.1%; while those in the private sector fell 2.1%. Among the 41 industries surveyed, 22 saw profit falls, particularly in ferrous metal smelting (-92.7%), petroleum coal and other fuel (-70.9%), non-ferrous metal smelting (-20.0%), textile (-16.4%), rubber & plastics (-11.5%), and metal product industry (-9.7%). The bureau did not report monthly industrial profit figures starting with its July release.
2022-11-27