China Industrial Profits Jump 15.2% in Jan-Feb

EthereumCraftsman · 2026-03-27T02:06:50+00:00

In the first two months of 2026, China's industrial profits rose 15.2% to CNY 1.02 trillion. State-owned and private firms saw significant profit increases, while foreign-invested enterprises experienced a decline. Manufacturing led the gains.

EthereumCraftsman

2026-03-27 02:06:50

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Profits at China’s industrial firms surged 15.2% yoy to CNY 1.02 trillion in the first two months of 2026, a strong rebound from a 0.6% gain a year earlier. State-owned enterprises returned to growth, with profits up 5.3% (vs a 3.9% drop in 2025) to CNY 366.6 billion. Private firms saw their profits surged 37.2%, after being flat last year, to CNY 284.4 billion. Meanwhile, profits at joint-stock enterprises climb 22.1% (vs -0.1%) to CNY 803.3 billion. However, foreign-invested enterprises, including those from Hong Kong, Macao, and Taiwan, logged profits down 3.8%, reversing a 4.2% increase, to CNY 216.7 billion. By sector, manufacturing drove gains with an 18.9% jump in profits to CNY 732.1 billion, while mining profits rose 9.9% to CNY 155.6 billion. Profits in utilities, including electricity, heat, gas, and water supply, increased 3.7% to CNY 136.8 billion.

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