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.


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China Total Industrial Profits

Actual Previous Highest Lowest Dates Unit Frequency
5610070.00 5015100.00 7518710.00 1617.00 1996 - 2019 CNY Million Monthly
Current prices, NSA, CMVL

Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 01:30 AM Aug -1.7% -1.7% -2%
2019-10-27 01:30 AM Sep -2.1% -1.7% -1.2%
2019-11-27 01:30 AM Oct -2.9% -2.1% -2.6%
2019-12-27 01:30 AM Nov -2.1% -2.9% -3.2%


News Stream
2019-11-27
China Industrial Profits Fall 2.9% YoY in Jan-Oct
Profits earned by China's largest industrial firms dropped by 2.9% year-on-year to CNY 5.02 trillion in the first ten months of 2019, following a 2.1% fall in January-September. Profits at state-owned industrial firms slumped 12.1% while those at private firms rose 5.3%. Among the 41 industries surveyed, 11 sectors saw year-on-year profit falls, including oil processing (-51.2%), ferrous metal smelting and rolling processing (-44.2%), chemical raw materials and chemicals products (-25.3%), automobiles (-14.7%), textile (-3.4%), and coal and mining and washing industry (-2.1%). Conversely, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, increased 6 percent. In October only, industrial profits declined 9.9% to CNY 427.56 billion, the biggest monthly drop in eight months, after a 5.3 percent fall in September, amid a decrease in producer prices for manufactured goods, slower production and sales growth.

2019-10-27
China Industrial Profits Fall 2.1% YoY in January-September
Profits earned by China's largest industrial firms dropped by 2.1% year-on-year to CNY 4.59 trillion in the first nine months of 2019, following a 1.7 percent decline in January-August. Profits at state-owned industrial firms decreased 9.6%, while those at private firms rose 5.4%. Among the 41 industries surveyed, 11 sectors saw year-on-year profit falls, including automobiles (-16.6%), oil processing (-53.5%), ferrous metal smelting and rolling processing (-41.8%), (-23.7%), chemical raw materials and chemicals products (-13.0%), textile (-4.3%), and coal and mining and washing industry (-3.2%). Conversely, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, increased 3.6%. In September only, industrial profits declined 5.3% to CNY 575.58 billion, after a 2% drop in August, amid weakening global demand and ongoing trade dispute with the US.

2019-09-27
China Industrial Profits Fall 1.7% YoY in January-August
Profits earned by China's largest industrial firms dropped by 1.7% year-on-year to CNY 4.01 trillion in the first eight months of 2019, the same pace as in January-July. Profits at state-owned industrial firms declined 8.6%, while those at private firms rose 6.5%. Among the 41 industries surveyed, 13 sectors saw year-on-year profit falls, including automobiles (-19%), oil processing (-53.1%), ferrous metal smelting and rolling processing (-31.3%), non-ferrous metal mining (-23.7%), and chemicals (-13.1%). Also, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, dropped 2.7%. In August only, industrial profits declined 2% to CNY 517.79 billion, after a 2.6% increase in July, mainly due to a slowdown in industrial production and sales growth amid ongoing trade tensions.

2019-08-27
China Industrial Profits Fall 1.7% YoY in January-July
Profits earned by China's largest industrial firms dropped by 1.7% year-on-year to CNY 3.50 trillion in the first seven months of 2019, after a 2.4% fall in January-June. Profits at state-owned industrial firms declined 8.1%, while those at private firms rose 7%. Among the 41 industries surveyed, 12 sectors saw year-on-year profit falls, including automobiles (-23.2%), oil processing (-50.6%), ferrous metal smelting and rolling processing (-25.1%), and chemical raw materials (-11.6%). Also, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, fell 6.3%. In July only, industrial profits advanced 2.6% to CNY 512.67 billion, recovering significantly from a 3.1% decline in June, mainly due to a low base last year and higher returns of electrical machinery equipment, supported by infrastructure projects, namely railway construction.

2019-07-27
China Industrial Profits Fall 2.4% in H1
Profits earned by China's largest industrial firms dropped by 2.4% from a year earlier to CNY 2.98 trillion in the first six months of 2019, compared to a 2.3% fall in January-May. Profits at state-owned industrial firms tumbled 8.7%, while those at private firms rose 6.0%. Among the 41 industries surveyed, 15 sectors saw year-on-year profit falls, including automobiles (-24.9%), oil processing (-53.6%) and steel sectors (-21.8%), due to a rise in crude oil and iron ore prices. Earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, fell 7.9%; while losses were also seen in chemical raw materials (-13.8%) and coal mining (-7.1%). In June only, industrial profits slumped 3.1% to CNY 601.9 billion, amid concerns over a recent escalation in trade row with the US.

2019-06-27
China Industrial Profits Fall 2.3% in January-May
Profits earned by China's largest industrial firms dropped by 2.3 percent from a year earlier to CNY 2.38 trillion in January-May 2019, following a 3.4 percent fall in the first four months of the year. Profits at state-owned industrial firms slumped 9.7 percent, while those at private firms grew 6.6 percent. Among the 41 industries surveyed, 15 sectors saw year-on-year profit falls. Earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other product classes, declined 13 percent; while losses were also seen in chemical raw materials (-13.6 percent), coal mining (-9.4 percent), ferrous metal smelting and rolling (-22.4 percent). In contrast, there were gains at oil, coal and gas extraction (24 percent); pharmaceuticals (10.9 percent), and power supply (13.7 percent). Regarding May only, industrial profits rose 1.1 percent year-on-year to CNY 565.6 billion, driven by quicker sales and slower increases in corporate costs.


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 Business Last Previous Highest Lowest Unit
Business Confidence 50.20 50.20 59.20 38.80 points [+]
Services PMI 52.50 53.50 54.70 50.00 points [+]
Manufacturing PMI 51.50 51.80 52.30 47.20 points [+]
Non Manufacturing PMI 53.50 54.40 62.20 50.80 percent [+]
Industrial Production 6.90 6.20 29.40 -21.10 percent [+]
Industrial Production Mom 0.58 0.66 1.32 0.13 percent [+]
Manufacturing Production 7.00 6.30 11.40 4.30 percent [+]
New Orders 51.20 51.30 65.10 32.30 points [+]
Changes in Inventories 15873.10 14586.00 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 2659000.00 2456879.00 3060271.00 88416.00 [+]
Car Production 2185380.00 2163000.00 2669100.00 215533.00 Units [+]
Car Registrations 2213089.00 2057000.00 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 [+]
Mining Production 5.60 5.70 8.10 -3.80 percent [+]
Steel Production 80287.00 81521.00 89091.00 4918.00 Thousand Tonnes [+]
Capacity Utilization 77.50 76.40 78.00 72.90 percent [+]
Competitiveness Index 73.90 72.61 73.90 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 52.60 53.20 53.70 48.00 points [+]
Cement Production 19935.00 22487.40 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 41.00 39.00 41.00 21.60 Points [+]
Corruption Rank 80.00 87.00 100.00 40.00 [+]
Corporate Profits 5610070.00 5015100.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 31.00 46.00 99.00 31.00 [+]
Electricity Production 654400.00 589000.00 668200.00 41760.00 Gigawatt-hour [+]