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2024 profits of major industrial enterprises in China over $1.04 trn

28 Jan '25
1 min read
2024 profits of major industrial enterprises in China over $1.04 trn
Pic: Adobe Stock

Insights

  • The profits of major industrial enterprises in China exceeded $1.04 trillion last year—down by 3.3 per cent YoY.
  • Profits were up by 11 per cent YoY in in December last year after being down by 7.3 per cent YoY in November.
  • High-end, intelligent and green manufacturing recorded faster growth in profits.
  • Profits in the consumer goods manufacturing sector improved by 3.4 per cent YoY last year.
The profits of major industrial enterprises in China exceeded 7.43 trillion yuan (~$1.04 trillion) last year—down by 3.3 per cent year on year (YoY), according to the National Bureau of Statistics (NBS).

Profits were up by 11 per cent YoY in in December last year after being down by 7.3 per cent YoY in November.

The decline in corporate earnings in the fourth quarter eased markedly from the third quarter of last year.

High-end, intelligent and green manufacturing recorded faster growth in profits, a state-controlled news agency reported.

The equipment manufacturing sector continued to be the cornerstone last year, with five of its eight industries posting YoY increases in profits.

Profits in the consumer goods manufacturing sector improved by 3.4 per cent YoY last year.

ALCHEMPro News Desk (DS)

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