China Industrial Profits Rise 18.8% to 3.14 Trillion Yuan as High-Tech Manufacturing Leads
Updated
Updated · bastillepost.com · Jun 27
China Industrial Profits Rise 18.8% to 3.14 Trillion Yuan as High-Tech Manufacturing Leads
3 articles · Updated · bastillepost.com · Jun 27
Summary
3.14 trillion yuan in profits was generated by China's major industrial firms in January-May, up 18.8% from a year earlier and slightly faster than the 18.2% pace in the first four months.
44.7% profit growth in high-tech manufacturing was a main driver, adding 8 percentage points to the overall increase, while equipment manufacturing rose 14.1% and contributed 5.2 points.
103.9% profit growth in electronics made the sector responsible for 43.1% of total industrial profit growth, with electronic special materials in the semiconductor chain surging 665.4%.
83.1% profit growth in raw-materials manufacturing also lifted the total, helped by strong demand from new energy and AI and elevated copper and aluminum prices that pushed non-ferrous metals profits up 117.1%.
Steady exports, lower unit costs and stronger demand for upgraded smart products suggest industrial profitability is still being supported by technology-intensive sectors even as broader domestic demand remains uneven.