Guangzhou (JLC), October 27, 2025--The profits of China's major industrial firms kept rapid growth in Jan-Sept 2025 as factory activity regained momentum, data from the National Bureau of Statistics (NBS) showed on Monday.
The profits of industrial enterprises with an annual main business revenue of at least 20 million yuan (2.82 million US dollars) totaled 5.37 trillion yuan (approximately 758.92 billion US dollars) for the first nine months, up 3.2% from a year before, marking the fastest cumulative growth since August last year and accelerating from a 0.9% increase in the January-August period.
Specifically, the growth momentum was driven by manufacturing and public utilities, the profits of which rose by 9.9% and 10.3% respectively. Nevertheless, the mining sector remained a drag, with profits down 29.3%.
“Industrial profit growth continued to recover, with new growth drivers like high-tech manufacturing and a low base effect providing the lift,” Said Yu Weining, chief statistician of the Industrial Department of the NBS.
Meanwhile, the combined business revenue of China's major industrial firms stood at 102.08 trillion yuan during the period, a year-on-year growth of 2.4%.
In September alone, profits at China's major industrial firms surged by 21.6% year-on-year, accelerating 1.2 percentage points from August.
In the month, revenues of these major industrial firms grew 2.7%, quickening from August's 1.9% gain and marking the second straight month of faster growth.
(Note: All dollar conversions are based on an exchange rate of 1 US dollar = 7.0801 yuan on October 27.)
