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%. source: National Bureau of Statistics of China

Corporate Profits in China decreased to 1024560 CNY Million in February from 7398200 CNY Million in December of 2025. Corporate Profits in China averaged 2252433.01 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 March of 2026.

Corporate Profits in China decreased to 1024560 CNY Million in February from 7398200 CNY Million in December of 2025. Corporate Profits in China is expected to be 1500000.00 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
2026-01-27 01:30 AM
Industrial Profits (YTD) YoY
Dec 0.6% 0.1% 0.3%
2026-03-27 01:30 AM
Industrial Profits (YTD) YoY
Feb 15.2% 0.6% 0.9%
2026-04-27 01:30 AM
Industrial Profits (YTD) YoY
Mar 15.2%


Related Last Previous Unit Reference
NBS Manufacturing PMI 49.00 49.30 points Feb 2026
Industrial Capacity Utilization 74.90 74.60 percent Dec 2025
Cement Production 17827.00 14416.40 Ten Thousands of Tonnes Feb 2026
Changes in Inventories 10002.90 8740.00 CNY Hundred Million Dec 2024
Industrial Profits (YTD) YoY 1024560.00 7398200.00 CNY Million Feb 2026
Electricity Production 1571790.00 858620.00 Gigawatt-hour Feb 2026
Industrial Production YoY 6.30 5.20 percent Feb 2026
Industrial Production Mom 0.83 0.39 percent Feb 2026
Leading Economic Index 144.90 145.30 points Jan 2026
Manufacturing Production YoY 6.60 5.70 percent Feb 2026
Mining Production 6.10 5.40 percent Feb 2026
New Orders 48.60 49.20 points Feb 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
1024560.00 7398200.00 8709210.00 1617.00 1996 - 2026 CNY Million Monthly
Current prices, NSA, CMVL

News Stream
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
China Industrial Profits Return to Growth in 2025
Profits at China’s industrial firms rose 0.6% to CNY 7.40 trillion in 2025, marking the first annual increase since 2021. Foreign-invested enterprises, including those funded by Hong Kong, Macao, and Taiwan, recorded profits of CNY 1.74 trillion, up 4.2% year on year. Private enterprises posted profits of CNY 2.28 trillion, unchanged from the previous year. In contrast, state-owned holding enterprises saw profits fall 3.9% to CNY 2.06 trillion, while joint-stock enterprises reported a slight decline of 0.1%, with total profits reaching CNY 5.54 trillion. By sector, manufacturing profits rose 5.0% to CNY 5.69 trillion, while the electricity, heat, gas, and water production and supply sector saw profits increase 9.4% to CNY 872.12 billion. Meanwhile, profits in the mining industry fell sharply by 26.2% to CNY 834.51 billion.
2026-01-27
China Industrial Profits Subdued in Jan-Nov
Profits at China’s industrial firms edged up 0.1% yoy to CNY 6.63 trillion in January–November 2025, notably easing from a 1.9% increase in the first ten months but still marking a fourth consecutive gain since August. The sharp slowdown underscored weakening year-end demand and persistent cost pressures. State-owned enterprises saw profits slip (-1.6% vs flat previously), while private firms inched lower (-0.1% vs 0.9%). Foreign-invested firms, including those backed by Hong Kong, Macao, and Taiwan, also lost momentum (2.4% vs 3.5%). By sector, computers and communications (15.0%), utilities (11.8%), non-ferrous smelting (11.1%), autos (7.5%), agriculture (4.8%), general manufacturing (4.8%), special equipment (4.6%), and electrical machinery (4.2%) led gains. Losses were steep in coal mining (-47.3%), oil and gas (-13.6%), textiles (-8.2%), and chemicals (-6.9%), though fuel processing narrowed declines. In November alone, profits fell 13.1% yoy, deepening from October’s 5.5% drop.
2025-12-27