China's industrial revenue rises, but profit growth remains uneven

China’s manufacturing sector recorded a total profit of 639.51 billion yuan in the first two months of the year, reflecting a 4.8 per cent rise compared to the same period last year. Meanwhile, enterprises in electricity, heat, gas, and water production and supply generated 130.45 billion yuan in profit, up 13.5 per cent YoY.

A combined profit of 910.99 billion yuan (~$127.4 billion) was recorded during this period by industrial enterprises with an annual main business revenue of at least 20 million yuan (~$2.79 million). However, the mining industry posted a total profit of 141.03 billion yuan (~19.7 billion) in the January—February period, representing a 25.2 per cent decline compared to the same period last year, as per data from NBS reported by the state-owned Chinese media.

The total business revenue of China’s major industrial firms rose by 2.8 per cent YoY, marking an acceleration of 0.7 percentage points compared to the full-year growth rate in 2024.

NBS statistician Yu Weining noted that industrial enterprises experienced steady revenue growth in the first two months of 2025, which helped create favourable conditions for profit recovery, according to the media report.

ALCHEMPro News Desk (SG)