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.