Profits earned by China's largest industrial firms dropped 14 percent year-on-year to CNY 708.01 billion in January-February 2019, the steepest decline since late 2011, due mostly to price declines in key industrial sectors such as auto, oil processing, steel and chemical industries. The profit decline was also attributed to a slowdown in industrial production and sales and the timing of Lunar New Year holidays. Profits earned by state-owned enterprises slumped 24.2 percent and those by private firms decreased 5.8 percent. Among the 41 industries surveyed, 20 sectors saw year-on-year profit declines including oil, coal and other fuel processing (-70.4 pct), ferrous metal smelting and rolling processing (-59 pct); automotive (-42 pct); chemical raw materials (-27.2 pct); and coal mining (-23.2 pct). In 2018, profits earned by China's major industrial companies rose 10.3 percent from a year earlier, slowing from 2017's robust pace of 21 percent. Corporate Profits in China averaged 1622559.96 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.

Corporate Profits in China is expected to be 1720000.00 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 8200000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 8250000.00 CNY Million in 2020, according to our econometric models.

China Total Industrial Profits
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-27 01:30 AM Industrial Profits (YTD) YoY 14.7% 16.2%
2018-11-27 01:30 AM Industrial Profits (YTD) YoY 13.6% 14.7%
2018-12-27 01:30 AM Industrial Profits (YTD) YoY 11.8% 13.6%
2019-03-27 01:30 AM Industrial Profits (YTD) YoY -14% 10.3%
2019-05-27 01:30 AM Industrial Profits (YTD) YoY
2019-06-27 01:30 AM Industrial Profits (YTD) YoY
2019-08-27 01:30 AM Industrial Profits (YTD) YoY


China Business Last Previous Highest Lowest Unit
Business Confidence 50.50 49.20 59.20 38.80 Index Points [+]
Services PMI 54.40 51.10 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.80 54.30 62.20 50.80 percent [+]
Manufacturing PMI 50.80 49.90 52.30 47.20 [+]
Industrial Production 8.50 5.30 29.40 -21.10 percent [+]
Industrial Production Mom 1.00 0.46 1.32 0.13 percent [+]
Manufacturing Production 9.00 5.60 11.40 5.50 percent [+]
New Orders 51.60 50.60 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2520000.00 1481602.00 3060271.00 88416.00 [+]
Car Production 2089800.00 1140300.00 2669100.00 215533.00 Units [+]
Car Registrations 2019400.00 1219500.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Steel Production 70988.00 75013.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 4.60 0.30 7.90 -3.80 percent [+]
Capacity Utilization 75.90 76.00 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 52.90 50.70 53.70 48.00 [+]
Cement Production 18394.00 20521.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 708010.00 6635140.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 620000.00 554300.00 640500.00 41760.00 Gigawatt-hour [+]


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. This page provides - China Corporate Profits- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Industrial Profits - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
708010.00 6635140.00 7518710.00 1617.00 1996 - 2019 CNY Million Monthly
Current prices, NSA, CMVL




Country Last Previous
China 708010.00 Feb/19
United Kingdom 112291.00 Dec/18
Australia 90060.00 Dec/18
Canada 83963.00 Dec/18
Japan 19476.32 Dec/18
United States 2076.20 Dec/18
Russia 1264.50 Jan/19
Germany 193.03 Dec/18


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