Profits earned by China's industrial firms increased by 38.0% yoy to CNY 7.98 trillion in January-November 2021, following a 42.2% surge in the prior period and slowing for the 9th straight month, amid moderation in recovery momentum. Profits continued to grow for both state-owned industrial firms (65.8%) and private-sector (27.9%). Among the 41 industries surveyed, 33 saw profit rises: petroleum, coal, and other fuel (387.1%), oil and natural gas extraction (284.3%), coal mining and washing (222.6%), non-ferrous metal smelting (149.9%), ferrous metal smelting (104.3%), chemical raw materials (102.0%), computer, communications (29.8%), non-metallic mineral products (15.4%), electrical machinery and equipment (13.3%), and general equipment (11.1%). In November alone, industrial profits rose 9% yoy to CNY 805. 96 billion, much softer than a 24.6% jump in October, due to tumbling prices of some raw materials, weaker consumer demand, and uncertainty in the property market. source: National Bureau of Statistics of China
Corporate Profits in China averaged 1891358.54 CNY Million from 1996 until 2021, reaching an all time high of 7975010 CNY Million in November 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 January of 2022.
Corporate Profits in China is expected to be 6850000.00 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 7150000.00 CNY Million in 2022, according to our econometric models.