Guangzhou (JLC), March 27, 2026--Profits of China's major industrial firms soared by 15.2% year on year in January-February 2026, data from the National Bureau of Statistics (NBS) showed on Friday.
The growth accelerated significantly from a 0.6% uptick throughout 2025.
Yu Weining, chief statistician of the Industrial Department of the NBS, attributed the surge to more proactive macroeconomic policies.
Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.89 million US dollars) saw their combined profits reach roughly 1.02 trillion yuan in the first two months of this year.
Specifically, China reaped profits of 732.15 billion yuan in the manufacturing industry, 155.61 billion yuan in the mining industry, and 136.80 billion yuan in the electricity, heat, gas, and water production and supply industry, a year-on-year increase of 18.9%, 9.9%, and 3.7%, respectively.
Driven by faster production and rallying product prices, the combined business revenue of China's major industrial firms gained 5.3% year on year to 20.84 trillion yuan in the period, the NBS data indicated.
