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. source: National Bureau of Statistics of China
Corporate Profits in China averaged 1829114.43 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 October of 2021.
Corporate Profits in China is expected to be 5112000.00 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.