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.

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China Total Industrial Profits


Calendar GMT Actual Previous Consensus TEForecast
2021-10-27 01:30 AM Sep 44.7% 49.5% 40%
2021-11-27 01:30 AM Oct 42.2% 44.7% 40%


Related Last Previous Unit Reference
Business Confidence 49.20 49.60 points Oct/21
Non Manufacturing PMI 52.40 53.20 percent Oct/21
Industrial Production Mom 0.39 0.05 percent Oct/21
Industrial Production 3.50 3.10 percent Oct/21
Manufacturing Production 2.50 2.40 percent Oct/21
New Orders 48.80 49.30 points Oct/21
Changes in Inventories 6718.00 6609.00 CNY HML Dec/20
Leading Economic Index 96.75 99.60 points Aug/21
Mining Production 6.00 3.20 percent Oct/21
Corporate Profits 7164990.00 6344080.00 CNY Million Oct/21
Cement Production 20140.24 20503.81 Ten Thousands of Tonnes Oct/21
Electricity Production 675120.00 738350.00 Gigawatt-hour Sep/21
Capacity Utilization 77.10 78.40 percent Sep/21

News Stream
China Industrial Profits Rise 42.2% YoY in Jan-October
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.
2021-11-27
China Industrial Profit Growth Slows Further in Jan-Sep
Profits earned by China's industrial firms increased by 44.7% yoy to CNY 6.34 trillion in January-September 2021, after a 49.5% surge in the prior period and slowing for the 7th straight month, amid moderation in recovery momentum, with profits continuing to expand for both state-owned industrial firms (77.9%) and private-sector (30.7%). Among the 41 industries surveyed, 35 saw profit rises: petroleum, coal and other fuel (930.0%), oil and natural gas extraction (267.2%), non-ferrous metal smelting (162.0%), ferrous metal smelting and rolling (144.8%), chemical raw materials (126.8%), coal mining and washing (172.2%), computer, communications (38.7%), general equipment (17.9%), electrical machinery (16.0%), non-metallic mineral products (14.7%), and automobile (1.2%). In September alone, industrial profits rose by 16.3% yoy to CNY 738.7 billion, accelerating from a 10.1% gain in August, despite soaring material prices and persistent supply bottlenecks that curbed margins.
2021-10-27
China Industrial Profit Growth Eases Further in Jan-August
Profits earned by China's industrial firms increased by 49.5% yoy to CNY 5.60 trillion in January-August 2021, following a 57.3% surge in the prior period and slowing for the 6th straight month, amid moderation in recovery momentum, with profits continuing to grow for both state-owned industrial firms (86.9%) and private-sector (34.4%). Among the 41 industries surveyed, 37 saw profit rises: petroleum, coal and other fuel (2,471.2%), oil and natural gas extraction (265.1%), non-ferrous metal smelting (177.5%), ferrous metal smelting and rolling (155.6%), chemical raw materials (144.7%), coal mining and washing (145.3%), computer, communications (34.8%), electrical machinery (20.6%), general equipment (25.7%), non-metallic mineral products (16.8%), and automobile (5.5%). In August alone, industrial profits rose by 10.1% yoy to CNY 680.3 billion, after a 16.4% gain in August, on Delta outbreaks, high raw material cost, and efforts to control pollution.
2021-09-28

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.