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.