Profits earned by China's industrial firms rose by 0.7% yoy to CNY 5.01 trillion in January-October 2020, after a 2.4% drop in the first nine months of the year, as the economy gradually recovers from the COVID-19 crisis. Profits at private-sector grew by 1.1%, while those at state-owned industrial firms declined by 7.5%. Among the 41 industries surveyed, 25 saw profit rises. The special equipment manufacturing posted the largest increase in profit (-22.9%), followed by the agricultural and food processing (14.6%), communications (12.6%), automobile (6.6%), non-ferrous metal smelting (5%), machinery and equipment (3.5%), and non-metallic mineral products (0.9%). In contrast, petroleum and natural gas extraction plunged 68.5%, and the coal mining and washing industry fell 27.7%. In October alone, industrial profits jumped 28.2% yoy to CNY 642.91 billion, the sixth straight month of gain and the most since early 2017, after a 10.1% rise in September. source: National Bureau of Statistics of China

Corporate Profits in China averaged 1736550.83 CNY Million from 1996 until 2020, 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. China Total Industrial Profits - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Corporate Profits in China is expected to be 3750000.00 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 6012000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 6950000.00 CNY Million in 2021, according to our econometric models.

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China Total Industrial Profits

Actual Previous Highest Lowest Dates Unit Frequency
5012420.00 4366500.00 7518710.00 1617.00 1996 - 2020 CNY Million Monthly
Current prices, NSA, CMVL


Calendar GMT Actual Previous Consensus TEForecast
2020-08-27 01:30 AM Jul -8.1% -12.8% -6.2%
2020-09-27 01:30 AM Aug -4.4% -8.1% -4.7%
2020-10-27 01:30 AM Sep -2.4% -4.4% -1.6%
2020-11-27 01:30 AM Oct 0.7% -2.4% -0.6%
2020-12-27 01:30 AM Nov 0.7%
2021-02-03 01:30 AM Dec
2021-03-27 01:30 AM Feb
2021-04-27 01:30 AM Mar


News Stream
China Total Industrial Profits Rise 0.7% YoY in Jan-Oct
Profits earned by China's industrial firms rose by 0.7% yoy to CNY 5.01 trillion in January-October 2020, after a 2.4% drop in the first nine months of the year, as the economy gradually recovers from the COVID-19 crisis. Profits at private-sector grew by 1.1%, while those at state-owned industrial firms declined by 7.5%. Among the 41 industries surveyed, 25 saw profit rises. The special equipment manufacturing posted the largest increase in profit (-22.9%), followed by the agricultural and food processing (14.6%), communications (12.6%), automobile (6.6%), non-ferrous metal smelting (5%), machinery and equipment (3.5%), and non-metallic mineral products (0.9%). In contrast, petroleum and natural gas extraction plunged 68.5%, and the coal mining and washing industry fell 27.7%. In October alone, industrial profits jumped 28.2% yoy to CNY 642.91 billion, the sixth straight month of gain and the most since early 2017, after a 10.1% rise in September.
2020-11-27
China Industrial Profits Drop at Softer Pace
Profits earned by China's industrial firms fell by 2.4% yoy to CNY 4.37 trillion in January-September 2020, after a 4.4% drop in the first eight months of the year, amid a further recovery from the COVID-19 pandemic. Profits at state-owned industrial firms slumped 14.3% and those at private-sector declined 0.5%. Among the 41 industries surveyed, 20 saw profit falls. The oil and natural gas extraction posted the largest profit drop (-70.2%), followed by the oil, coal and other processing industries (-66.2%), coal mining and washing industries (-30.1%), ferrous metal smelting and rolling processing (-18.7%), chemical raw materials and chemical manufacturing (-17.7%), and non-metallic mineral products (-13%). In September alone, industrial profits rose by 10.1% yoy to CNY 646.43 billion, slowing from a 19.1% jump in August, amid changes in industrial product prices, the substantial provision of asset impairment losses by some industries, and a high base in the same period.
2020-10-27
China Total Industrial Profits Drop at Softer Rate
Profits earned by China's industrial firms fell by 4.4 percent year-on-year to CNY 3.7 trillion in January-August 2020, after an 8.1 percent drop in the first seven months of the year, amid a further recovery from the COVID-19 pandemic. Profits at state-owned industrial firms slumped 17 percent and those at private-sector declined 3.3 percent. Among the 41 industries surveyed, 24 saw profit falls. The oil, coal and other fuel processing industries posted the largest profit drop (-84.4%), followed by the oil and natural gas extraction (-70.2%), the coal mining and washing industry (-30%), and ferrous metal smelting and rolling (-23.1%). In August alone, industrial profits jumped 19.1 percent year-on-year to CNY 612.8 billion, the fourth straight month of gains, buoyed in part by a rebound in commodities prices and equipment manufacturing.
2020-09-27
China Industrial Profits Drop at Softer Pace in January-July
Profits earned by China's industrial firms fell by 8.1 percent year-on-year to CNY 3.1 trillion in January-July 2020, easing from a 12.8 percent plunge in the first six months of the year, amid a gradual recovery from the COVID-19 pandemic. Profits at state-owned industrial firms slumped 23.5 percent and those at private-sector declined 5.3 percent. Among the 41 industries surveyed, 29 saw profit falls. The mining and raw materials industries posted the largest profit declines, while company cash flow pressures remained high and uncertainty surrounding future profit growth increased amid tensions between Washington and Beijing ahead of the US presidential elections in November. In July alone, industrial profits jumped 19.6 percent year-on-year to CNY 589.5 billion, the third straight month of gains and by the most since June 2018.
2020-08-27

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.