Profits earned by China's largest industrial firms dropped by 1.7% year-on-year to CNY 3.50 trillion in the first seven months of 2019, after a 2.4% fall in January-June. Profits at state-owned industrial firms declined 8.1%, while those at private firms rose 7%. Among the 41 industries surveyed, 12 sectors saw year-on-year profit falls, including automobiles (-23.2%), oil processing (-50.6%), ferrous metal smelting and rolling processing (-25.1%), and chemical raw materials (-11.6%). Also, earnings for telecommunications and electronic equipment manufacturers, which are more vulnerable to US tariffs than other products, fell 6.3%. In July only, industrial profits advanced 2.6% to CNY 512.67 billion, recovering significantly from a 3.1% decline in June, mainly due to a low base last year and higher returns of electrical machinery equipment, supported by infrastructure projects, namely railway construction. Corporate Profits in China averaged 1646284.08 CNY Million from 1996 until 2019, 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.

Corporate Profits in China is expected to be 4800000.00 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 3300000.00 in 12 months time. In the long-term, the China Total Industrial Profits is projected to trend around 6950000.00 CNY Million in 2020, according to our econometric models.

China Total Industrial Profits
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-27 01:30 AM Industrial Profits (YTD) YoY Apr -3.4% -3.3% -4%
2019-06-27 01:30 AM Industrial Profits (YTD) YoY May -2.3% -3.4% -3.8%
2019-07-27 01:30 AM Industrial Profits (YTD) YoY Jun -2.4% -2.3%
2019-08-27 01:30 AM Industrial Profits (YTD) YoY Jul -1.7% -2.4% -3%
2019-09-27 01:30 AM Industrial Profits (YTD) YoY Aug -1.7% -2%
2019-10-27 01:30 AM Industrial Profits (YTD) YoY Sep
2019-11-27 01:30 AM Industrial Profits (YTD) YoY Oct


China Business Last Previous Highest Lowest Unit
Business Confidence 49.50 49.70 59.20 38.80 Index Points [+]
Non Manufacturing PMI 53.80 53.70 62.20 50.80 percent [+]
Manufacturing PMI 50.40 49.90 52.30 47.20 [+]
Services PMI 52.10 51.60 54.70 50.00 Index Points [+]
Industrial Production 4.40 4.80 29.40 -21.10 percent [+]
Industrial Production Mom 0.32 0.19 1.32 0.13 percent [+]
Manufacturing Production 4.30 4.50 11.40 4.30 percent [+]
New Orders 49.70 49.80 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14185.80 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 1958000.00 1808472.00 3060271.00 88416.00 [+]
Car Production 1693000.00 1523000.00 2669100.00 215533.00 Units [+]
Car Registrations 1653000.00 1528000.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Mining Production 3.70 6.60 7.90 -3.80 percent [+]
Steel Production 85223.00 87533.00 89091.00 4918.00 Thousand Tonnes [+]
Capacity Utilization 76.40 75.90 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 51.60 50.90 53.70 48.00 [+]
Cement Production 21018.20 21003.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 3497700.00 2984000.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 657300.00 583400.00 657300.00 41760.00 Gigawatt-hour [+]


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. This page provides - China Corporate Profits- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Industrial Profits - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3497700.00 2984000.00 7518710.00 1617.00 1996 - 2019 CNY Million Monthly
Current prices, NSA, CMVL




Country Last Previous
China 3497700.00 Jul/19
United Kingdom 111745.00 Jun/19
Australia 98026.00 Jun/19
Canada 90428.00 Jun/19
Japan 23232.47 Jun/19
Russia 8040.50 Jun/19
United States 1882.97 Jun/19
Germany 182.21 Jun/19


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