China’s industrial profits jumped 18.2% year-on-year in the January-April 2026 period, following a 15.5% rise in the first quarter. The strong rise was attributed to rising AI-related demand and surging oil prices stemming from the Middle East conflict. State-owned enterprises posted solid growth, with profits rising 17.1% to CNY 827.15 billion. Joint-stock companies also reported a 24.0% jump in profits to CNY 1,883.44 billion. Private firms remained a key driver, though profit growth eased to 23.7% from 25.4% in Q1, reaching CNY 651.14 billion. By sector, manufacturing continued to lead gains, with profits climbing 20.4%, followed by mining at 26.0%, while utilities profits fell 1.9%. Among industries, notable increases were seen in computer, communication, and other electronic equipment manufacturing (107.7%) and non-ferrous metal smelting and rolling processing (117.8%). In April, industrial profits surged 24.7%, the biggest gain since November 2023, after a 15.8% growth in March. source: National Bureau of Statistics of China

Corporate Profits in China increased to 2435840 CNY Million in April from 1696040 CNY Million in March of 2026. Corporate Profits in China averaged 2251214.10 CNY Million from 1996 until 2026, 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 May of 2026.

Corporate Profits in China increased to 2435840 CNY Million in April from 1696040 CNY Million in March of 2026. Corporate Profits in China is expected to be 3700000.00 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 8100000.00 CNY Million in 2027 and 8190000.00 CNY Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-27 01:30 AM
Industrial Profits (YTD) YoY
Mar 15.5% 15.2% 18.0%
2026-05-27 01:30 AM
Industrial Profits (YTD) YoY
Apr 18.2% 15.5% 12.0%
2026-06-27 01:30 AM
Industrial Profits (YTD) YoY
May 18.2%


Related Last Previous Unit Reference
NBS Manufacturing PMI 50.00 50.30 points May 2026
Industrial Capacity Utilization 73.60 74.90 percent Mar 2026
Cement Production 14571.00 12310.00 Ten Thousands of Tonnes Apr 2026
Changes in Inventories 11183.40 8740.00 CNY Hundred Million Dec 2024
Industrial Profits (YTD) YoY 2435840.00 1696040.00 CNY Million Apr 2026
Electricity Production 744000.00 802480.00 Gigawatt-hour Apr 2026
Industrial Production YoY 4.10 5.70 percent Apr 2026
Industrial Production Mom 0.05 0.28 percent Apr 2026
Leading Economic Index 143.60 144.80 points Apr 2026
Manufacturing Production YoY 4.00 6.00 percent Apr 2026
Mining Production 3.80 5.70 percent Apr 2026
New Orders 50.60 51.60 points Apr 2026


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
2435840.00 1696040.00 8709210.00 1617.00 1996 - 2026 CNY Million Monthly
Current prices, NSA, CMVL

News Stream
China Industrial Profits Jump 18.2% In Jan-Apr
China’s industrial profits jumped 18.2% year-on-year in the January-April 2026 period, following a 15.5% rise in the first quarter. The strong rise was attributed to rising AI-related demand and surging oil prices stemming from the Middle East conflict. State-owned enterprises posted solid growth, with profits rising 17.1% to CNY 827.15 billion. Joint-stock companies also reported a 24.0% jump in profits to CNY 1,883.44 billion. Private firms remained a key driver, though profit growth eased to 23.7% from 25.4% in Q1, reaching CNY 651.14 billion. By sector, manufacturing continued to lead gains, with profits climbing 20.4%, followed by mining at 26.0%, while utilities profits fell 1.9%. Among industries, notable increases were seen in computer, communication, and other electronic equipment manufacturing (107.7%) and non-ferrous metal smelting and rolling processing (117.8%). In April, industrial profits surged 24.7%, the biggest gain since November 2023, after a 15.8% growth in March.
2026-05-27
China Industrial Profits Soar 15.5% In Jan-March
China’s industrial profits surged 15.5% yoy in Q1 2026, accelerating from a 15.2% gain in the first two months of the year. The solid gain came despite external headwinds from the Middle East conflict, which has heightened uncertainty around global demand and supply chains. State-owned enterprises showed a firmer recovery, with profits up 10.1% to CNY 619.6 billion, after a 5.3% growth in January-February. Private firms remained the key driver, though growth eased to 25.4% from 37.2%, reaching CNY 430.5 billion. Joint-stock companies also stayed resilient, with profits rising 20.9% to CNY 1,305.5 billion. By sector, manufacturing led gains, climbing 19.1% to CNY 1,238.4 billion, followed by mining at 16.2%, while utilities lagged with a 3.2% drop. Among industries, mining support services surged 264.6%, alongside strong gains in non-ferrous metals (116.7%) and electronics manufacturing (124.5%). In March alone, industrial profits rose 15.8% yoy, the fastest in six months.
2026-04-27
China Industrial Profits Jump 15.2% in Jan-Feb
China’s industrial profits jumped 15.2% yoy in the first two months of 2026, rebounding sharply from 0.6% growth in 2025. It marked the strongest start since 2018, excluding the pandemic spike in 2021, underscoring China's recovery momentum before Middle East conflict-driven oil shocks lifted raw material costs. State-owned enterprises returned to growth, with profits rising 5.3% to CNY 366.6 billion after a 3.9% drop in 2025. Private firms surged 37.2% to CNY 284.4 billion, rebounding from flat results last year. Joint-stock enterprises climbed 22.1% to CNY 803.3 billion, reversing a slight decline. By sector, manufacturing led gains with an 18.9% jump to CNY 732.1 billion, while mining profits rose 9.9% to CNY 155.6 billion. Utilities added 3.7% to CNY 136.8 billion. Among industries, computer, communication, and electronic equipment manufacturing led with 200% profit growth, while non-ferrous metal smelting and rolling soared 150%.
2026-03-27