China’s Jan.–Aug. industrial profits climb 15.7% with electronics leading
China’s major industrial firms saw profits grow at a double-digit pace in the first eight months of 2026, official data showed on Monday, underscoring continued momentum in the world’s second-largest economy. Industrial enterprises above designated size – those with annual main business revenue of 20 million yuan ($2.9 million) or more – raked in […] The post China’s Jan.–Aug. industrial profits…
China's major industrial firms experienced a double-digit increase in profits during the first eight months of 2026, according to official data released on Monday. The National Bureau of Statistics (NBS) reported that industrial enterprises with an annual main business revenue of 20 million yuan ($2.9 million) or more generated a combined 5.27 trillion yuan in profits for the period, marking a 15.7% year-on-year increase.
August alone saw profits rise by 4.2%. Sector-wise, the electronics and high-tech industries were the primary drivers of this growth. Computer, communication, and other electronic equipment manufacturers witnessed a staggering 109.9% surge in profits year on year, while nonferrous metal smelting and processing businesses saw an 82.9% increase.
Coal mining and washing operations also experienced a notable 51.6% rise. However, ferrous metal smelting profits declined by 62.4%. Efficiency metrics also improved during this period. Total operating revenue amounted to 93.09 trillion yuan, a 6.6% increase compared to the same period last year. The profit-to-revenue ratio rose by 0.44 percentage points to 5.66%.
Moreover, costs per 100 yuan of revenue fell to 85.07 yuan, a decrease of 0.41 yuan compared to the previous year.
Written by urgent.news from KBC's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
