Profits earned by China's industrial firms increased by 42.2% yoy to CNY 7.16 trillion in January-October 2021, after a 44.7% surge in the prior period and slowing for the 8th straight month, amid moderation in recovery momentum. Profits continued to grow for both state-owned industrial firms (74.2%) and private-sector (30.5%). Among the 41 industries surveyed, 32 saw profit rises: petroleum, coal, and other fuel (575.9%), oil and natural gas extraction (262.7%), coal mining and washing (210.2%), non-ferrous metal smelting (162.0%), ferrous metal smelting (132%), chemical raw materials (116.4%), computer, communications (34.3%), non-metallic mineral products (15.2%), and electrical machinery and equipment (14.6%), and general equipment (13.7%). In October alone, industrial profits rose by 24.6% yoy to CNY 818.7 billion, after a 16.3% gain n September, despite soaring material prices, persistent supply bottlenecks, and profit differentiation between upstream and downstream industries. source: National Bureau of Statistics of China
Corporate Profits in China averaged 1867594.28 CNY Million from 1996 until 2021, 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 November of 2021.
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.