In the first ten months of 2025, profits among China's industrial companies increased by 1.9% year-on-year, reaching CNY 5.95 trillion. This marks a slowdown from the 3.2% growth observed in the preceding period, attributed to weakening demand and ongoing pricing pressures. Earnings in the private sector experienced a significant downturn, increasing only by 1.9% compared to 5.1% between January and September. Meanwhile, state-owned enterprise profits remained relatively stable following a previous decrease of 0.3%.
Analyzing profitability by industry, several sectors experienced growth: non-ferrous metal smelting saw a 14.0% increase, while electricity and heat production grew by 13.1%. Computers and communications rose by 12.8%, agriculture by 8.5%, electrical machinery by 7.0%, general manufacturing by 6.2%, special equipment by 5.0%, and the automotive industry by 4.4%. Conversely, there were notable declines in profit for coal mining, which plummeted by 49.2%, as well as in oil and gas (-12.5%), textiles (-6.1%), and chemicals (-5.4%).
