Profits earned by China's largest industrial firms dropped by 3.4% from a year earlier to CNY 1.813 trillion in the first four months of 2019, compared to a 3.3% fall in the January to March period. Profits at state-owned enterprises declined 9.7% while those at private firms grew 4.1%. Among the 41 industries surveyed, 14 sectors saw year-on-year profit falls including chemical raw materials (-16%), coal mining (-16.5%), non-ferrous metal mining (-19.5%), ferrous metal smelting and rolling (-28.1%), and computer, communications and other electronic equipment (-15.3%). In contrast, there were rises in profits for oil, coal and gas extraction (19.7%); pharmaceuticals (9.7%), and power supply (12.3%). Regarding April only, industrial profits fell 3.7% year-on-year to CNY 515.4 billion, swinging from a 13.9% surge in March, due to the timing of the government's planned cuts in value-added tax that kicked in early April. Also, a high base of comparison last year was a factor pointed. Corporate Profits in China averaged 1629082.90 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 3200000.00 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 1200000.00 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.

China Total Industrial Profits
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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 -3.4% -3.3% -4%
2019-06-27 01:30 AM Industrial Profits (YTD) YoY -3.4% -3.8%
2019-08-27 01:30 AM Industrial Profits (YTD) YoY
2019-09-27 01:30 AM Industrial Profits (YTD) YoY


China Business Last Previous Highest Lowest Unit
Business Confidence 49.40 50.10 59.20 38.80 Index Points [+]
Services PMI 52.70 54.50 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.30 54.30 62.20 50.80 percent [+]
Manufacturing PMI 50.20 50.20 52.30 47.20 [+]
Industrial Production 5.00 5.40 29.40 -21.10 percent [+]
Industrial Production Mom 0.36 0.37 1.32 0.13 percent [+]
Manufacturing Production 5.00 5.30 11.40 5.00 percent [+]
New Orders 49.80 51.40 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14186.00 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 1912600.00 1980500.00 3060271.00 88416.00 [+]
Car Production 1491400.00 1660500.00 2669100.00 215533.00 Units [+]
Car Registrations 1561200.00 1574900.00 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 85032.00 80326.00 85032.00 4918.00 Thousand Tonnes [+]
Mining Production 3.90 2.90 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 51.50 52.70 53.70 48.00 [+]
Cement Production 22696.00 21345.40 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 1812940.00 1297200.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 544000.00 569800.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1812940.00 1297200.00 7518710.00 1617.00 1996 - 2019 CNY Million Monthly
Current prices, NSA, CMVL




Country Last Previous
China 1812940.00 Apr/19
United Kingdom 115312.00 Mar/19
Australia 93026.00 Mar/19
Canada 85116.00 Mar/19
Japan 22244.02 Mar/19
Russia 3861.20 Mar/19
United States 2003.40 Mar/19
Germany 192.10 Mar/19


Related

Latest