Profits earned by China's industrial firms increased only by 1% yoy to CNY 42.70 trillion in the first half of the year, the same pace as in January – May period. Profits at state-owned industrial firms rose 10.2%; while those in the private sector dropped 3.3%. Among the 41 industries surveyed, 16 saw profit rises while 25 fell. Profits climbed in coal mining and processing (157.1%), oil and natural gas (126%), non-ferrous metal smelting and rolling (16.6%), electrical machinery and equipment (17.3%), chemicals (16.4%) while fell in ferrous metal smelting and rolling (-68.7%), automobile (-25.5%), electricity (-19.3%), petroleum, coal and other fuel (-32.4%), and general equipment manufacturing (-15.9%). Compared to June last year, corporate profits grew 0.8%, recovering from a 6.5 percent decline in May and marking the first increase in three months. source: National Bureau of Statistics of China

Corporate Profits in China averaged 1920753.90 CNY Million from 1996 until 2022, reaching an all time high of 8709210 CNY Million in December of 2021 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 August of 2022.

Corporate Profits in China is expected to be 4300000.00 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 9000000.00 CNY Million in 2023 and 9500000.00 CNY Million in 2024, according to our econometric models.

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China Total Industrial Profits



Calendar GMT Actual Previous Consensus TEForecast
2022-06-27 01:30 AM May 1% 3.5% 6%
2022-07-27 01:30 AM Jun 1% 1% 2%


Related Last Previous Unit Reference
Business Confidence 49.00 50.20 points Jul 2022
Non Manufacturing PMI 53.80 54.70 percent Jul 2022
Industrial Production Mom 0.84 5.61 percent Jun 2022
Industrial Production 3.90 0.70 percent Jun 2022
Manufacturing Production 3.40 0.10 percent Jun 2022
New Orders 48.50 50.40 points Jul 2022
Changes in Inventories 10996.00 6718.00 CNY HML Dec 2021
Leading Economic Index 93.57 96.90 points May 2022
Corporate Profits 4270220.00 3441000.00 CNY Million Jun 2022
Cement Production 19558.00 20279.54 Ten Thousands of Tonnes Jun 2022
Capacity Utilization 75.10 75.80 percent Jun 2022
Mining Production 8.70 7.00 percent Jun 2022
Electricity Production 608600.00 670170.00 Gigawatt-hour Apr 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
4270220.00 3441000.00 8709210.00 1617.00 1996 - 2022 CNY Million Monthly
Current prices, NSA, CMVL

News Stream
China Industrial Profits Rise 1% YoY in H1
Profits earned by China's industrial firms increased only by 1% yoy to CNY 42.70 trillion in the first half of the year, the same pace as in January – May period. Profits at state-owned industrial firms rose 10.2%; while those in the private sector dropped 3.3%. Among the 41 industries surveyed, 16 saw profit rises while 25 fell. Profits climbed in the coal mining and washing industry (157.1%), oil and natural gas (126%), non-ferrous metal smelting and rolling (16.6%), electrical machinery and equipment (17.3%), chemicals (16.4%) while fell in ferrous metal smelting and rolling (-68.7%), automobile (-25.5%), electricity (-19.3%), petroleum, coal and other fuel (-32.4%), and general equipment manufacturing (-15.9%). Compared to June last year, corporate profits grew 0.8%, recovering from a 6.5 percent decline in May and marking the first increase in three months.
2022-07-27
China Industrial Profits Grow 1% YoY in Jan-May
Profits earned by China's industrial firms increased only by 1% yoy to CNY 34.41 trillion in January-May 2022, slowing from a 3.5% rise in the prior period, as high raw material prices and supply chain disruptions due to COVID-19 curbs continued to squeeze margins and disrupted factory activity. Profits at state-owned industrial firms rose 9.8%; while those in the private sector fell 2.2%. Among the 41 industries surveyed, 16 saw profit rises while 24 dropped. Profits increased in the coal mining and washing industry (175%), oil and natural gas (135%), non-ferrous metal smelting and rolling (26.6%), electrical machinery and equipment (14.6%), chemicals (13.8%) while fell in ferrous metal smelting and rolling (-64.2%), automobile (-37.5%), electricity (-26.9%), petroleum, coal and other fuel (-29.6%), and general equipment manufacturing (-21.3%). Compared to May last year, corporate profits fell 6.5%, after a 8.5 percent decline in April and marking the second straight month of fall.
2022-06-27
China Industrial Profits Grow 3.5% YoY in Jan-April
Profits earned by China's industrial firms increased only by 3.5% yoy to CNY 26.58 trillion in January-April 2022, slowing sharply from an 8.5% rise in March, as high raw material prices and supply chain disruptions caused by COVID-19 lockdowns squeezed margins and disrupted factory activity. Profits at state-owned industrial firms were up by 13.9%; while those in the private sector fell 0.6%. Among the 41 industries surveyed, 19 saw profit rises while 20 fell. Profits increased in the coal mining and washing industry (199%), oil and natural gas (138%), non-ferrous metal smelting and rolling (40.3%), chemicals (14.8%), electrical machinery and equipment (7.7%) while fell in ferrous metal smelting and rolling (-55.7%), automobile (-33.4%), electricity (-33%), petroleum, coal and other fuel (-29.4%), and general equipment manufacturing (-24%). Compared to April last year, corporate profits fell 8.5%, the most in 2 years.
2022-05-27