Profits earned by China's industrial firms rose by 10.2% yoy to CNY 914.06 billion in the first two months of the year. The latest result followed a 2.3% drop in 2023 amid further signs that economic turnaround in China gained momentum at the start of 2024 following various support measures from Beijing. Profits in state-owned companies started to recover (0.5% vs -3.4% in 2023) and those in the private sector strongly picked up (12.7% vs 2.0% ). Computer industry, communications, and other electronic equipment logged strong profits (210.9%), along with electricity (69.4%), non-ferrous metal smelting and rolling (65.5%), textile (51.1%), cars (50.1%), general equipment (20.7%), oil and natural gas (1.8%), and chemical products (0.3%). By contrast, profits fell for the coal mining and washing industry (-36.8%), non-metallic industry (-36.8%), mineral products (-32.1%), special equipment manufacturing (-17.0%), agriculture and food (-7.3%), and electrical machinery (-2.0%). source: National Bureau of Statistics of China

Corporate Profits in China decreased to 914060 CNY Million in February from 7685830 CNY Million in December of 2023. Corporate Profits in China averaged 2114717.63 CNY Million from 1996 until 2024, reaching an all time high of 8709210.00 CNY Million in December of 2021 and a record low of 1617.00 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 April of 2024.

Corporate Profits in China decreased to 914060 CNY Million in February from 7685830 CNY Million in December of 2023. Corporate Profits in China is expected to be 1700000.00 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 8600000.00 CNY Million in 2025 and 8400000.00 CNY Million in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-27 01:30 AM
Industrial Profits (YTD) YoY
Dec -2.3% -4.4% -3%
2024-03-27 01:30 AM
Industrial Profits (YTD) YoY
Feb 10.2% -2.3% -1.0%


Related Last Previous Unit Reference
NBS Manufacturing PMI 50.80 49.10 points Mar 2024
Industrial Capacity Utilization 73.60 75.90 percent Mar 2024
Cement Production 15440.00 15792.87 Ten Thousands of Tonnes Mar 2024
Changes in Inventories 14959.00 10996.00 CNY Hundred Million Dec 2022
Industrial Profits (YTD) YoY 914060.00 7685830.00 CNY Million Feb 2024
Electricity Production 747690.00 828980.00 Gigawatt-hour Mar 2024
Industrial Production YoY 4.50 7.00 percent Mar 2024
Industrial Production Mom 0.56 1.16 percent Feb 2024
Leading Economic Index 151.80 152.00 points Feb 2024
Manufacturing Production YoY 5.10 7.70 percent Mar 2024
Mining Production 0.20 2.30 percent Mar 2024
New Orders 53.00 49.00 points Mar 2024
NBS Non Manufacturing PMI 53.00 51.40 percent Mar 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
914060.00 7685830.00 8709210.00 1617.00 1996 - 2024 CNY Million Monthly
Current prices, NSA, CMVL

News Stream
China Industrial Profits Jump 10.2% in Jan-Feb
Profits earned by China's industrial firms rose by 10.2% yoy to CNY 914.06 billion in the first two months of the year. The latest result followed a 2.3% drop in 2023 amid further signs that economic turnaround in China gained momentum at the start of 2024 following various support measures from Beijing. Profits in state-owned companies started to recover (0.5% vs -3.4% in 2023) and those in the private sector strongly picked up (12.7% vs 2.0% ). Computer industry, communications, and other electronic equipment logged strong profits (210.9%), along with electricity (69.4%), non-ferrous metal smelting and rolling (65.5%), textile (51.1%), cars (50.1%), general equipment (20.7%), oil and natural gas (1.8%), and chemical products (0.3%). By contrast, profits fell for the coal mining and washing industry (-36.8%), non-metallic industry (-36.8%), mineral products (-32.1%), special equipment manufacturing (-17.0%), agriculture and food (-7.3%), and electrical machinery (-2.0%).
2024-03-27
China Industrial Profits Shrink 2.3% in 2023
Profits earned by China's industrial firms fell 2.3% yoy to CNY 7,685.83 billion in 2023, easing from a 4.4 % drop during the first 11 months of the year and a 4% decline in 2022. That said, the latest result was the second straight year of fall, as Beijing struggled to reverse persistent weakness in the economy due to feeble demand, deflation risks, and property woes. Profits at state-owned firms shrank much softer (-3.4% vs -6.2% in Jan-Nov) while those in the private sector grew further (2.0% vs 1.6%). Profits dropped in chemical manufacturing (-34.1%), chemical raw materials (-25.3%), coal mining & washing (-25.3%), non-metallic minerals (-23.9%), and oil and natural gas mining (-16.0%). By contrast, profits rose in ferrous metal smelting (157.3%), heat production (71.9%), non-ferrous metal smelting (28.0%), petroleum, coal (28.0%), other fuel (26.9%), and electrical machinery (15.7%) In December, industrial profits climbed by 16.8% yoy, the fifth month of rise.
2024-01-27
China Industrial Profits Shrink at Softer Pace
Profits earned by China's industrial firms dropped 4.4% yoy to CNY 6,982.28 billion in the first 11 months of 2023, slowing from a 7.8 % fall in the prior period, amid continued efforts from Beijing to reverse sluggish economic recovery and easing margin pressure. Profits at state-owned firms declined much less (-6.2% vs -9.9% in Jan-Oct) while those in private sector rose (1.6% vs -1.9%). Profits were down in chemical manufacturing (-38.5%), raw materials industry (-11.2%), non-metallic minerals (-25.9%), petroleum, coal (-14.1%), food industry (-11.8%), equipment manufacturing (-11.2%), and oil and natural gas (-8.5%). By contrast, profits grew for ferrous metal smelting and rolling (275.6%), the electric/power industry (58.2%), non-ferrous metal smelting and rolling (21.8%), machinery and equipment (17.2%), manufacturing (9.4%), and automobile (2.9%). Industrial profits surged 29.5% yoy in November, the fourth month of growth, buoyed by recent stimulus measures from the government.
2023-12-27