Beijing: Profits of China's major industrial firms increased by 3.2 percent year on year in the first nine months of 2025, recovering at an accelerated pace, official data showed on Monday. Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.8 million U.S. dollars) saw their combined profits totaling 5.37 trillion yuan during this nine-month period, according to the National Bureau of Statistics (NBS).
According to Namibia Press Agency, NBS statistician Yu Weining highlighted the factors contributing to the growth, including rapid expansion in high-tech manufacturing and equipment manufacturing. These sectors were bolstered by proactive macroeconomic policies and new growth drivers, alongside a lower comparison base from the previous year. Yu noted that the 3.2 percent growth rate marked the highest cumulative growth since August of the previous year, with a significant acceleration of 2.3 percentage points from the January-August period.
From January to September, high-tech manufacturing enterprises experienced an 8.7 percent increase in profits compared to the previous year, contributing 1.6 percentage points to the overall industrial profit growth. In September alone, the high-tech manufacturing sector saw a remarkable 26.8 percent growth in profits, underscoring its role in driving high-quality development in industrial enterprises.
Major equipment manufacturing enterprises reported a 9.4 percent rise in profits year on year, boosting overall industrial profits by 3.4 percentage points. Within this industry, all eight sub-sectors experienced profit increases. Notably, the railway, shipbuilding, and aerospace sector recorded a 37.3 percent increase in profits, while electronics and electrical machinery sectors grew by 12 and 11.3 percent, respectively.
The NBS data also showed profit increases of 2.5 percent, 5.3 percent, and 2.7 percent for large, medium, and small industrial firms, respectively, from January to September. In September, profits of major industrial firms surged by 21.6 percent year on year, marking a 1.2 percentage point acceleration from August.
Business revenue of these firms expanded by 2.7 percent year on year in September, 0.8 percentage points faster than the previous month. This consecutive acceleration in business revenue growth created favorable conditions for the sustained recovery of corporate profits, according to Yu.
Looking forward, Yu called for ongoing efforts to expand domestic demand, enhance domestic economic circulation, and promote synergy between domestic and international economic flows. These measures aim to stimulate market vitality and boost growth expectations, advancing the steady and healthy development of the industrial economy.