Profits earned by China's largest industrial firms dropped by 2.1% to CNY 5.61 trillion in the first 11 months of 2019, following a 2.9% fall in January-October. Profits at state-owned industrial firms slumped 11.2% while those at private firms rose 6.5%. Among the 41 industries surveyed, 13 saw profit falls, including petroleum, coal and other fuel processing industries (-47.2%), ferrous metal smelting and rolling processing (-42.3%), chemicals (-23.3%), autos (-13.9%), paper (-10.7%) and textiles (-4.9%). Conversely, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs, increased 4.1%. In November only, industrial profits rose 5.4% to CNY 593.9 billion, after a 9.9% fall in October. It is the biggest gain in eight months, boosted by an expansion in sales and production and a smaller decline in producer prices.
Corporate Profits in China averaged 1700112.73 CNY Million from 1996 until 2019, 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. source: National Bureau of Statistics of China
Corporate Profits in China is expected to be 6400000.00 CNY Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Corporate Profits in China to stand at 4400000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 6950000.00 CNY Million in 2020, according to our econometric models.