China Industrial Profits Rise 18.7% in Jan-June

2026-07-27 01:39 By Farida Husna 1 min. read

China’s industrial profits rose 18.7% yoy to CNY 3.95 trillion in the first half of 2026, easing marginally from an 18.8% growth in the January-May period.

Resilient exports helped cushion the impact of sluggish domestic demand, highlighting the economy's uneven recovery despite efforts to boost consumption.

Profits at state-owned enterprises increased 17.9% to CNY 1.30 trillion, while joint-stock companies posted a stronger 24.7% gain to CNY 3.04 trillion.

Meanwhile, private firms posted a 13.0% rise in profits to CNY 965.56 billion.

By sector, mining remained the main driver, with profits surging 33.5%, followed by manufacturing ( 20.1%).

In contrast, utilities posted a 4.2% decline.

Among industries, the strongest gains were recorded in non-ferrous metal smelting and rolling (99.4%), computer, communication and other electronic equipment manufacturing (96.9%), and chemicals (67.8%).

In June alone, industrial profits climbed 15.1% from a year earlier, slowing from May's 21.1% surge.



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China Industrial Profits Rise 18.7% in Jan-June
China’s industrial profits rose 18.7% yoy to CNY 3.95 trillion in the first half of 2026, easing marginally from an 18.8% growth in the January-May period. Resilient exports helped cushion the impact of sluggish domestic demand, highlighting the economy's uneven recovery despite efforts to boost consumption. Profits at state-owned enterprises increased 17.9% to CNY 1.30 trillion, while joint-stock companies posted a stronger 24.7% gain to CNY 3.04 trillion. Meanwhile, private firms posted a 13.0% rise in profits to CNY 965.56 billion. By sector, mining remained the main driver, with profits surging 33.5%, followed by manufacturing ( 20.1%). In contrast, utilities posted a 4.2% decline. Among industries, the strongest gains were recorded in non-ferrous metal smelting and rolling (99.4%), computer, communication and other electronic equipment manufacturing (96.9%), and chemicals (67.8%). In June alone, industrial profits climbed 15.1% from a year earlier, slowing from May's 21.1% surge.
2026-07-27
China Industrial Profits Jump 18.8% in Jan-May
China’s industrial profits surged 18.8% year-on-year to CNY 3.14 trillion in the January-May 2026 period, accelerating from a 18.2% gain in the first four months of the year. The latest result reflected the ongoing AI investment boom and continued policy support for advanced industries despite lingering weakness in parts of the property-related sector. State-owned enterprises posted solid gains, with profits up 19.6% to CNY 1.05 trillion, while joint-stock companies climbed 24.1% to CNY 2.43 trillion. In addition, private firms saw profit growth of 10.7% to CNY 772.65 billion. By sector, manufacturing remained the key driver, soaring 74.3%, followed by utilities (63.7%) and mining (54.4%). Industry highlights included non-ferrous metal smelting and rolling (117.1%), computer and communication equipment (103.9%), and chemicals (71.6%). In May alone, industrial profits rose 21.1% from the prior year, moderating from April’s 24.7% jump, the strongest pace since November 2023.
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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