China’s industrial profits rise 15.7% in Jan-Aug, August growth slows to 4.2%
China's National Bureau of Statistics reported that industrial enterprises above designated size saw profits rise 15.7% year-on-year to 5.27 trillion yuan in the first eight months of 2024, with revenue up 6.6% to 93.09 trillion yuan. August alone saw profit growth slow to 4.2% due to a high base. Mining profits surged 35.1%, manufacturing rose 17.4%, while utilities declined 12.0%. Unit costs fell 0.41 yuan per 100 yuan of revenue to 85.07 yuan. High-tech manufacturing profits grew 54.7%, with electronics profits surging 110%.
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China's Industrial Firms' Revenue Cost Drops 0.41 Yuan per 100 Yuan in Jan-Aug
According to data released by China's National Bureau of Statistics on September 28, the cost per 100 yuan of operating revenue for industrial enterprises above the designated size was 85.07 yuan in the first eight months of 2024, a year-on-year decrease of 0.41 yuan. Expenses per 100 yuan of revenue stood at 8.35 yuan, down 0.14 yuan year-on-year. As of the end of August, revenue per 100 yuan of assets was 72.4 yuan, up 0.4 yuan year-on-year; per capita revenue reached 1.922 million yuan, an increase of 125,000 yuan year-on-year. The inventory turnover days for finished goods was 21.3 days, up 0.6 days year-on-year, while the average collection period for accounts receivable was 72.2 days, an increase of 0.9 days year-on-year. In August alone, profits of industrial enterprises above the designated size grew by 4.2% year-on-year.
Read sourceChina's Industrial Profits Rise 15.7% in First Eight Months, Driven by High-Tech Manufacturing
According to the National Bureau of Statistics (NBS), China's industrial profits for January-August 2026 grew 15.7% year-on-year to 5.27 trillion yuan, maintaining double-digit growth. Revenue increased 6.6% to 93.09 trillion yuan. In August alone, profit growth slowed to 4.2% due to a high base last year. The NBS chief statistician Yu Weining attributed the growth to macro policy effectiveness and the expansion of new growth drivers, particularly high-tech manufacturing. The electronics industry was a key contributor, with profits surging 110% and accounting for 62% of total industrial profit growth, driven by AI applications, new energy vehicles, and data centers. High-tech manufacturing profits rose 54.7%, while raw materials profits increased 47.3% due to higher oil and metal prices. Mining profits grew 35.1%, manufacturing 17.4%, but utilities declined 12.0%. Unit costs continued to fall, and the profit margin improved to 5.66%.
Read sourceChina's Jan-Aug Industrial Profits Rise 15.7% Year-on-Year, NBS Says
According to a report from tradealpha citing RTRS (Reuters), China's National Bureau of Statistics (NBS) announced that the profits of industrial enterprises above a designated size grew by 15.7% year-on-year during the first eight months of the year (January to August). This data point reflects the financial performance of China's industrial sector, which includes manufacturing, mining, and utilities. The figure is a key indicator of economic activity and corporate profitability in the world's second-largest economy. No further details on sector breakdowns or month-on-month changes were provided in this brief report.
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China August Industrial Profits Rise 4.2% Year-on-Year, National Bureau of Statistics Says
According to a report from tradealpha citing RTRS, China's National Bureau of Statistics announced that industrial profits for enterprises above a designated size rose by 4.2% in August compared to the same month last year. This data point provides a snapshot of the performance of China's industrial sector, which includes major manufacturing and mining firms. The figure indicates a continued recovery in industrial profitability amid a challenging economic environment. No further details on the breakdown by industry or the cumulative figures for the year were provided in this brief initial report. The announcement is closely watched by economists and investors as a key indicator of corporate health and broader economic momentum in the world's second-largest economy.
China's Industrial Profits Rise 15.7% in First Eight Months, Led by Mining and Manufacturing
China's National Bureau of Statistics reported that the total profits of industrial enterprises above a designated size reached 5.27 trillion yuan in the first eight months of 2024, a year-on-year increase of 15.7%. The mining sector saw a 35.1% profit surge, while manufacturing grew 17.4%. However, the power, heat, gas, and water production and supply sector experienced a 12.0% decline. Notable industry performances include computer and electronic equipment manufacturing, which saw profits more than double (up 110%), and nonferrous metal smelting, which rose 82.9%. In contrast, ferrous metal smelting profits plummeted 62.4%. Total operating revenue reached 93.09 trillion yuan, up 6.6%, while operating costs rose 6.1% to 79.19 trillion yuan. The profit margin on revenue improved to 5.66%. The data also showed a rise in accounts receivable and finished goods inventory, indicating potential cash flow and demand challenges. The report is based on a comprehensive monthly survey of enterprises with annual main business revenue of 20 million yuan or more.
Read sourceChina's industrial firms' per-unit revenue cost falls 0.41 yuan to 85.07 yuan in Jan-Aug
According to data released by China's National Bureau of Statistics on September 28, the cost per 100 yuan of operating revenue for industrial enterprises above the designated size stood at 85.07 yuan in the first eight months of 2024, a year-on-year decrease of 0.41 yuan. The expense per 100 yuan of revenue was 8.35 yuan, down 0.14 yuan year-on-year. As of the end of August, revenue per 100 yuan of assets was 72.4 yuan, up 0.4 yuan year-on-year; per capita revenue reached 1.922 million yuan, an increase of 125,000 yuan year-on-year. Finished goods inventory turnover days were 21.3 days, up 0.6 days year-on-year; average accounts receivable recovery period was 72.2 days, up 0.9 days year-on-year. In August alone, profits of industrial enterprises above the designated size grew by 4.2% year-on-year. The data indicates improving cost efficiency but slightly slower inventory and receivables turnover.
Read sourceChina's Industrial Firms' Cost per 100 Yuan Revenue Falls 0.41 Yuan in Jan-Aug
According to data released by China's National Bureau of Statistics on September 28, as reported by Jin10, the cost per 100 yuan of operating revenue for industrial enterprises above a designated size was 85.07 yuan in the January-August period, a year-on-year decrease of 0.41 yuan. Expenses per 100 yuan of revenue stood at 8.35 yuan, down 0.14 yuan year-on-year. As of the end of August, revenue per 100 yuan of assets was 72.4 yuan, an increase of 0.4 yuan year-on-year; per capita revenue reached 1.922 million yuan, up 125,000 yuan year-on-year. The inventory turnover period for finished goods was 21.3 days, an increase of 0.6 days year-on-year, while the average collection period for accounts receivable was 72.2 days, up 0.9 days year-on-year. In August alone, profits of industrial enterprises above the designated size grew by 4.2% year-on-year.
China August Industrial Profits Rise 4.2% Year-on-Year, Slowing from 11.2%
According to data from the National Bureau of Statistics, China's industrial profits for enterprises above a designated size grew 4.2% year-on-year in August, a significant deceleration from the 11.2% growth recorded in the previous month. The data, reported by financial information provider Jin10, indicates a cooling in the profitability of China's industrial sector. The slowdown may reflect ongoing challenges in the Chinese economy, including weak domestic demand and external headwinds. The figure is a key indicator of corporate health in the manufacturing and industrial sectors, which are central to China's economic performance. Analysts will watch for further monthly data to assess whether this deceleration is a temporary fluctuation or part of a broader trend.
Read sourceChina's Industrial Profits Rise 15.7% in First Eight Months, Driven by Steady Output and Higher Prices
According to data released by China's National Bureau of Statistics (NBS) on September 28, industrial profits of enterprises above a designated size grew 15.7% year-on-year in the first eight months of 2021, maintaining double-digit growth since the start of the year. The growth was driven by steady industrial production and an expansion in industrial product price increases. Revenue of these enterprises rose 6.6% year-on-year. By sector, mining profits surged 35.1%, manufacturing profits increased 17.4%, while profits in the production and supply of electricity, heat, gas, and water fell 12.0%. In August alone, profit growth slowed to 4.2% year-on-year, partly due to a high base in the same period last year. Gross profit, calculated as revenue minus operating costs, grew 7.5% in August, accelerating by 1.9 percentage points from the previous month.
Read sourceChina's industrial firms post 15.7% profit growth in Jan-Aug, revenue up 6.6%
According to data released by China's National Bureau of Statistics on September 28, the country's industrial enterprises above a designated size saw their operating revenue increase by 6.6% year-on-year in the first eight months of 2024, driven by steady industrial production and expanding industrial product prices. This revenue growth contributed to a 15.7% year-on-year increase in profits for these enterprises, maintaining double-digit growth for the cumulative period this year. By sector, mining industry profits surged 35.1%, manufacturing profits rose 17.4%, while profits in the electricity, heat, gas, and water production and supply sector declined by 12.0%. In August alone, profit growth for these enterprises slowed to 4.2% year-on-year, partly due to a high comparison base from the same period last year. Gross profit, calculated as revenue minus operating costs, grew 7.5% in August, accelerating by 1.9 percentage points from the previous month.
Read sourceChina's Jan-Aug Industrial Profits Rise 15.7%, Slowing from 17.6%
Data from Jin10 shows that China's year-to-date industrial profits for enterprises above a designated size grew 15.7% in August, down from the previous reading of 17.60%. This indicates a slowdown in profit growth for China's industrial sector during the first eight months of the year compared to the prior period. The figure is a key indicator of the health of China's manufacturing and industrial economy, reflecting trends in production, costs, and demand. The deceleration may signal ongoing challenges in the world's second-largest economy, including subdued domestic demand and external headwinds. The data is closely watched by economists and investors for insights into the broader economic trajectory.
Read sourceChina's Industrial Firms Revenue Up 6.6% in Jan-Aug, Profits Rise 15.7%
According to data released by China's National Bureau of Statistics, from January to August, the operating revenue of industrial enterprises above the designated size increased by 6.6% year-on-year, driven by steady industrial production and expanding industrial product price increases. This revenue growth contributed to a 15.7% year-on-year increase in profits for these enterprises, maintaining double-digit cumulative growth since the beginning of the year. By sector, the mining industry saw a profit increase of 35.1%, while manufacturing profits rose by 17.4%. The data was originally reported by Cailian Press and republished by East Money's industry insight channel.
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