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. source: National Bureau of Statistics of China

Corporate Profits in China increased to 7398200 CNY Million in December from 6626860 CNY Million in November of 2025. Corporate Profits in China averaged 2256485.40 CNY Million from 1996 until 2025, 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 February of 2026.

Corporate Profits in China increased to 7398200 CNY Million in December from 6626860 CNY Million in November 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-27 01:30 AM
Industrial Profits (YTD) YoY
Nov 0.1% 1.9% 2.2%
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 0.6%


Related Last Previous Unit Reference
NBS Manufacturing PMI 49.30 50.10 points Jan 2026
Industrial Capacity Utilization 74.90 74.60 percent Dec 2025
Cement Production 14416.40 15434.20 Ten Thousands of Tonnes Dec 2025
Changes in Inventories 10002.90 8740.00 CNY Hundred Million Dec 2024
Industrial Profits (YTD) YoY 7398200.00 6626860.00 CNY Million Dec 2025
Electricity Production 858620.00 779220.00 Gigawatt-hour Dec 2025
Industrial Production YoY 5.20 4.80 percent Dec 2025
Industrial Production Mom 0.49 0.44 percent Dec 2025
Leading Economic Index 145.30 145.20 points Dec 2025
Manufacturing Production YoY 5.70 4.60 percent Dec 2025
Mining Production 5.40 6.30 percent Dec 2025
New Orders 49.20 50.80 points Jan 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
7398200.00 6626860.00 8709210.00 1617.00 1996 - 2025 CNY Million Monthly
Current prices, NSA, CMVL

News Stream
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
China Industrial Profit Growth Slows in Jan–October
Profits at China’s industrial firms rose 1.9% yoy to CNY 5.95 trillion in the first ten months of 2025, easing from a 3.2% growth in the prior period as demand softened and pricing pressures persisted. Private-sector earnings weakened sharply (1.9% vs 5.1% in Jan–September), while state-owned enterprises were broadly flat after the prior 0.3% decline. By industry, profits grew for non-ferrous metal smelting (14.0%), electricity and heat production (13.1%), computers and communications (12.8%), agriculture (8.5%), electrical machinery (7.0%), general manufacturing (6.2%), special equipment (5.0%), and auto (4.4%). In contrast, profits fell sharply in coal mining (-49.2%), oil and gas (-12.5%), textiles (-6.1%), and chemicals (-5.4%). Simultaneously, ferrous metal smelting shifted to profit while fuel processing cut losses. In October alone, profits dropped 5.5% yoy, reversing a 21.6% jump in September and marking the first fall in three months.
2025-11-27