China Total Industrial Profits

Profits earned by Chinese industrial companies increased by 3.7 percent year-on-year to 537.22 CNY billion in May of 2016, slowing from a 4.2 percent growth in April. Considering January to May 2016, industrial profits grew by 6.4 percent to 2,382 CNY billion, compared to a 6.5 percent rise in the January to April period. Gains in the first five months of the year were largely due to computer, communications and other electronic equipment (+13.5 percent), chemical materials and chemical products (+14.7 percent), electrical machinery and equipment manufacturing (+19.4 percent) (+18.4 percent) and automotive manufacturing (+8.9 percent). In contrast, profit fell for coal mining and washing (-73.4 percent), oil and gas explorations (-175.8 percent), ferrous metal mining industry (-10.0 percent) and nonferrous metals industry (-4.9 percent). Corporate Profits in China averaged 1229514.50 CNY Million from 1996 until 2016, reaching an all time high of 6471530 CNY Million in December of 2014 and a record low of 1617 CNY Million in February of 1998. Corporate Profits in China is reported by the National Bureau of Statistics, China. 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. This page provides – China Corporate Profits- actual values, historical data, forecast, chart, statistics, economic calendar and news.