Profits earned by China's industrial firms increased only by 1% yoy to CNY 34.41 trillion in January-May 2022, slowing from a 3.5% rise in the prior period, as high raw material prices and supply chain disruptions due to COVID-19 curbs continued to squeeze margins and disrupted factory activity. Profits at state-owned industrial firms rose 9.8%; while those in the private sector fell 2.2%. Among the 41 industries surveyed, 16 saw profit rises while 24 dropped. Profits increased in the coal mining and washing industry (175%), oil and natural gas (135%), non-ferrous metal smelting and rolling (26.6%), electrical machinery and equipment (14.6%), chemicals (13.8%) while fell in ferrous metal smelting and rolling (-64.2%), automobile (-37.5%), electricity (-26.9%), petroleum, coal and other fuel (-29.6%), and general equipment manufacturing (-21.3%). Compared to May last year, corporate profits fell 6.5%, after a 8.5 percent decline in April and marking the second straight month of fall. source: National Bureau of Statistics of China

Corporate Profits in China averaged 1920753.90 CNY Million from 1996 until 2022, reaching an all time high of 8709210 CNY Million in December of 2021 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 June of 2022.

Corporate Profits in China is expected to be 4300000.00 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 9000000.00 CNY Million in 2023 and 9500000.00 CNY Million in 2024, according to our econometric models.

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China Total Industrial Profits



Calendar GMT Actual Previous Consensus TEForecast
2022-05-27 01:30 AM Apr 3.5% 8.5% 2%
2022-06-27 01:30 AM May 1% 3.5% 6%


Related Last Previous Unit Reference
Business Confidence 49.60 47.40 points May 2022
Non Manufacturing PMI 47.80 41.90 percent May 2022
Industrial Production Mom 5.61 -5.80 percent May 2022
Industrial Production 0.70 -2.90 percent May 2022
Manufacturing Production 0.10 -4.60 percent May 2022
New Orders 48.20 42.60 points May 2022
Changes in Inventories 10996.00 6718.00 CNY HML Dec 2021
Leading Economic Index 97.47 97.11 points Feb 2022
Mining Production 7.00 9.50 percent May 2022
Corporate Profits 3441000.00 2658230.00 CNY Million May 2022
Cement Production 20279.54 19471.00 Ten Thousands of Tonnes May 2022
Electricity Production 608600.00 670170.00 Gigawatt-hour Apr 2022
Capacity Utilization 75.80 77.40 percent Mar 2022

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
3441000.00 2658230.00 8709210.00 1617.00 1996 - 2022 CNY Million Monthly
Current prices, NSA, CMVL

News Stream
China Industrial Profits Grow 1% YoY in Jan-May
Profits earned by China's industrial firms increased only by 1% yoy to CNY 34.41 trillion in January-May 2022, slowing from a 3.5% rise in the prior period, as high raw material prices and supply chain disruptions due to COVID-19 curbs continued to squeeze margins and disrupted factory activity. Profits at state-owned industrial firms rose 9.8%; while those in the private sector fell 2.2%. Among the 41 industries surveyed, 16 saw profit rises while 24 dropped. Profits increased in the coal mining and washing industry (175%), oil and natural gas (135%), non-ferrous metal smelting and rolling (26.6%), electrical machinery and equipment (14.6%), chemicals (13.8%) while fell in ferrous metal smelting and rolling (-64.2%), automobile (-37.5%), electricity (-26.9%), petroleum, coal and other fuel (-29.6%), and general equipment manufacturing (-21.3%). Compared to May last year, corporate profits fell 6.5%, after a 8.5 percent decline in April and marking the second straight month of fall.
2022-06-27
China Industrial Profits Grow 3.5% YoY in Jan-April
Profits earned by China's industrial firms increased only by 3.5% yoy to CNY 26.58 trillion in January-April 2022, slowing sharply from an 8.5% rise in March, as high raw material prices and supply chain disruptions caused by COVID-19 lockdowns squeezed margins and disrupted factory activity. Profits at state-owned industrial firms were up by 13.9%; while those in the private sector fell 0.6%. Among the 41 industries surveyed, 19 saw profit rises while 20 fell. Profits increased in the coal mining and washing industry (199%), oil and natural gas (138%), non-ferrous metal smelting and rolling (40.3%), chemicals (14.8%), electrical machinery and equipment (7.7%) while fell in ferrous metal smelting and rolling (-55.7%), automobile (-33.4%), electricity (-33%), petroleum, coal and other fuel (-29.4%), and general equipment manufacturing (-24%). Compared to April last year, corporate profits fell 8.5%, the most in 2 years.
2022-05-27
China Industrial Profits Rise 8.5% YoY in Q1
Profits earned by China's industrial firms increased by 8.5% yoy to CNY 19.56 trillion in January-March 2022, compared with a 5% rise in the first two months of the year. Profits grew both at state-owned industrial firms (19.5%) and private-sector (3.2%), despite production challenges due to COVID-19 outbreaks and the Ukraine war. Among the 41 industries surveyed, 24 saw profit rises, including oil and natural gas extraction (151.1%), coal mining and washing (189.0%), non-ferrous metal smelting (74.8%), chemical products (18.4%), textile (14.0%), electrical machinery and equipment (10.4%), non-metallic mineral products (5.2%), and computer, communications (2.8%). In contrast, profits dropped at general equipment (-17.0%), petroleum, coal, and other fuel (-29.8%), electricity (-35.2%), ferrous metal smelting (-49.7%), agricultural and side-line food processing industry (-22.9%), and automotive manufacturing (-11.9%).
2022-04-27